VTV vs. NA.TO
VTV (Vanguard Value ETF) is Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index, while NA.TO (National Bank of Canada) is a stock. Over the past 10 years, VTV returned 12.78%/yr vs 20.45%/yr for NA.TO. At a 0.46 correlation, their price movements are largely independent.
Performance
VTV vs. NA.TO - Performance Comparison
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Different Trading Currencies
VTV is traded in USD, while NA.TO is traded in CAD. To make them comparable, the NA.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VTV achieves a 14.29% return, which is significantly lower than NA.TO's 19.97% return. Over the past 10 years, VTV has underperformed NA.TO with an annualized return of 12.78%, while NA.TO has yielded a comparatively higher 20.45% annualized return.
VTV
- 1D
- 0.93%
- 1M
- 3.87%
- YTD
- 14.29%
- 6M
- 13.99%
- 1Y
- 27.90%
- 3Y*
- 18.16%
- 5Y*
- 11.76%
- 10Y*
- 12.78%
NA.TO
- 1D
- 0.43%
- 1M
- 0.71%
- YTD
- 19.97%
- 6M
- 21.53%
- 1Y
- 55.42%
- 3Y*
- 31.81%
- 5Y*
- 19.02%
- 10Y*
- 20.45%
VTV vs. NA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTV Vanguard Value ETF | 14.29% | 15.27% | 15.95% | 9.32% | -2.09% | 26.53% | 2.33% | 25.66% | -5.47% | 17.15% |
NA.TO National Bank of Canada | 19.97% | 42.66% | 24.14% | 18.35% | -7.33% | 39.09% | 6.54% | 39.80% | -14.14% | 28.47% |
Correlation
The correlation between VTV and NA.TO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.46 |
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Return for Risk
VTV vs. NA.TO — Risk / Return Rank
VTV
NA.TO
VTV vs. NA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Value ETF (VTV) and National Bank of Canada (NA.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VTV | NA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.61 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 5.85 | -1.60 |
| Martin ratioReturn relative to average drawdown | 16.04 | 19.65 | -3.62 |
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Drawdowns
VTV vs. NA.TO - Drawdown Comparison
The maximum VTV drawdown since its inception was -59.27%, roughly equal to the maximum NA.TO drawdown of -60.25%. Use the drawdown chart below to compare losses from any high point for VTV and NA.TO.
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Drawdown Indicators
| VTV | NA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.27% | -60.25% | +0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -6.35% | -9.74% | +3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -14.52% | -23.63% | +9.11% |
Max Drawdown (5Y)Largest decline over 5 years | -17.04% | -25.64% | +8.60% |
Max Drawdown (10Y)Largest decline over 10 years | -36.78% | -52.59% | +15.81% |
Current DrawdownCurrent decline from peak | 0.00% | -2.88% | +2.88% |
Average DrawdownAverage peak-to-trough decline | -7.86% | -9.09% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 2.89% | -1.21% |
Volatility
VTV vs. NA.TO - Volatility Comparison
The current volatility for Vanguard Value ETF (VTV) is 3.34%, while National Bank of Canada (NA.TO) has a volatility of 5.98%. This indicates that VTV experiences smaller price fluctuations and is considered to be less risky than NA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTV | NA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 5.98% | -2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 14.12% | -6.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.38% | 16.79% | -6.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 18.83% | -4.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.68% | 22.22% | -5.54% |
Dividends
VTV vs. NA.TO - Dividend Comparison
VTV's dividend yield for the trailing twelve months is around 1.83%, less than NA.TO's 2.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NA.TO National Bank of Canada | 2.31% | 2.75% | 3.36% | 4.03% | 4.03% | 3.11% | 3.96% | 3.77% | 4.44% | 3.70% | 4.03% | 5.16% |
VTV Vanguard Value ETF | 1.83% | 2.05% | 2.31% | 2.46% | 2.52% | 2.15% | 2.56% | 2.50% | 2.73% | 2.29% | 2.44% | 2.60% |
Frequently Asked Questions
VTV and NA.TO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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