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VTV vs. VDY.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VTV vs. VDY.TO

Last updated Jun 14, 2026

VTV (Vanguard Value ETF) and VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) are both exchange-traded funds - VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index, while VDY.TO is a Dividend fund tracking the FTSE Canada High Dividend Yield Index. Both are passively managed. Over the past 10 years, VTV returned 12.78%/yr vs 13.61%/yr for VDY.TO. A 0.58 correlation means they provide meaningful diversification when combined. VTV charges 0.04%/yr vs 0.22%/yr for VDY.TO.

Performance

VTV vs. VDY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Value ETF (VTV) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VTV is traded in USD, while VDY.TO is traded in CAD. To make them comparable, the VDY.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 VDY.TO's 21.35% return. Over the past 10 years, VTV has underperformed VDY.TO with an annualized return of 12.78%, while VDY.TO has yielded a comparatively higher 13.61% annualized return.

VTV

1D
0.93%
1M
5.04%
YTD
14.29%
6M
13.99%
1Y
27.90%
3Y*
18.16%
5Y*
11.76%
10Y*
12.78%

VDY.TO

1D
0.47%
1M
3.24%
YTD
21.35%
6M
21.69%
1Y
45.54%
3Y*
25.54%
5Y*
14.55%
10Y*
13.61%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VTV vs. VDY.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VTV
Vanguard Value ETF		14.29%15.27%15.95%9.32%-2.09%26.53%2.33%25.66%-5.47%17.15%
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		21.35%35.39%11.96%11.05%-6.18%36.67%1.03%26.64%-17.06%16.18%

Correlation

The correlation between VTV and VDY.TO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.49

Correlation (3Y)
Calculated over the trailing 3-year period

0.61

Correlation (5Y)
Calculated over the trailing 5-year period

0.63

Correlation (10Y)
Calculated over the trailing 10-year period

0.60

Correlation (All Time)
Calculated using the full available price history since Nov 8, 2012

0.58

The correlation between VTV and VDY.TO shifts across timeframes, from 0.49 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.

VTV vs. VDY.TO - Sectors Allocation Comparison

Sectors
VTV
VDY.TO

Financial Services

22.3%
56.0%

Healthcare

14.5%
0.1%

Industrials

14.0%
0.2%

Technology

13.4%
0.4%

Consumer Defensive

9.4%
0.4%

Energy

8.1%
30.8%

Utilities

5.2%
4.1%

Consumer Cyclical

4.0%
3.0%

Communication Services

3.3%
2.8%

Basic Materials

3.1%
2.2%

Real Estate

2.8%

-

Financial Services

VTV
22.3%
VDY.TO
56.0%

Healthcare

VTV
14.5%
VDY.TO
0.1%

Industrials

VTV
14.0%
VDY.TO
0.2%

Technology

VTV
13.4%
VDY.TO
0.4%

Consumer Defensive

VTV
9.4%
VDY.TO
0.4%

Energy

VTV
8.1%
VDY.TO
30.8%

Utilities

VTV
5.2%
VDY.TO
4.1%

Consumer Cyclical

VTV
4.0%
VDY.TO
3.0%

Communication Services

VTV
3.3%
VDY.TO
2.8%

Basic Materials

VTV
3.1%
VDY.TO
2.2%

Real Estate

VTV
2.8%
VDY.TO

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Value ETF

Vanguard FTSE Canadian High Dividend Yield Index ETF

Often compared with VTV:
VTV vs. SCHDVTV vs. VOOVTV vs. VTIVTV vs. VUGVTV vs. VYMVTV vs. SCHVVTV vs. VIG
Often compared with VDY.TO:
VDY.TO vs. XEI.TOVDY.TO vs. XDIV.TOVDY.TO vs. VCN.TOVDY.TO vs. SCHDVDY.TO vs. XIC.TOVDY.TO vs. VCE.TOVDY.TO vs. ZDV.TO

Return for Risk

VTV vs. VDY.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VTV
VTV Risk / Return Rank: 8888
Overall Rank
VTV Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
VTV Sortino Ratio Rank: 9090
Sortino Ratio Rank
VTV Omega Ratio Rank: 8787
Omega Ratio Rank
VTV Calmar Ratio Rank: 8787
Calmar Ratio Rank
VTV Martin Ratio Rank: 8787
Martin Ratio Rank
VDY.TO
VDY.TO Risk / Return Rank: 9898
Overall Rank
VDY.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
VDY.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
VDY.TO Omega Ratio Rank: 9898
Omega Ratio Rank
VDY.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
VDY.TO Martin Ratio Rank: 9898
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VTV vs. VDY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Value ETF (VTV) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.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.

VTVVDY.TODifference
Sharpe ratioReturn per unit of total volatility
2.61
4.99

-2.38

Sortino ratioReturn per unit of downside risk
3.71
6.89

-3.18

Omega ratioGain probability vs. loss probability

1.47

1.94

-0.47

Calmar ratioReturn relative to maximum drawdown

4.25

12.92

-8.66

Martin ratioReturn relative to average drawdown

16.04

44.56

-28.52

VTV vs. VDY.TO - Sharpe Ratio Comparison

The current VTV Sharpe Ratio is 2.61, which is lower than the VDY.TO Sharpe Ratio of 4.99. The chart below compares the historical Sharpe Ratios of VTV and VDY.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VTV vs. VDY.TO - Drawdown Comparison

The maximum VTV drawdown since its inception was -59.27%, which is greater than VDY.TO's maximum drawdown of -44.42%. Use the drawdown chart below to compare losses from any high point for VTV and VDY.TO.

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Drawdown Indicators

VTVVDY.TODifference

Max Drawdown

Largest peak-to-trough decline

-59.27%

-44.42%

-14.85%

Max Drawdown (1Y)

Largest decline over 1 year

-6.35%

-3.59%

-2.76%

Max Drawdown (3Y)

Largest decline over 3 years

-14.52%

-12.92%

-1.60%

Max Drawdown (5Y)

Largest decline over 5 years

-17.04%

-23.69%

+6.65%

Max Drawdown (10Y)

Largest decline over 10 years

-36.78%

-44.42%

+7.64%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-7.86%

-8.79%

+0.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.68%

1.04%

+0.64%

Volatility

VTV vs. VDY.TO - Volatility Comparison

Vanguard Value ETF (VTV) has a higher volatility of 3.34% compared to Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) at 3.14%. This indicates that VTV's price experiences larger fluctuations and is considered to be riskier than VDY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VTVVDY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.34%

3.14%

+0.20%

Volatility (6M)

Calculated over the trailing 6-month period

7.82%

7.41%

+0.41%

Volatility (1Y)

Calculated over the trailing 1-year period

10.38%

9.31%

+1.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.92%

13.44%

+0.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.68%

17.45%

-0.77%

VTV vs. VDY.TO - Expense Ratio Comparison

VTV has a 0.04% expense ratio, which is lower than VDY.TO's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VTV vs. VDY.TO - Dividend Comparison

VTV's dividend yield for the trailing twelve months is around 1.83%, less than VDY.TO's 2.83% yield.

PositionTTM20252024202320222021202020192018201720162015
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		2.83%3.59%4.37%4.64%4.42%3.46%4.59%4.25%4.44%3.42%3.25%4.11%
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 VDY.TO have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VTV is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VTV is cheaper with a 0.04% expense ratio, compared with 0.22% for VDY.TO.

VTV is categorized as Large Cap Value Equities, while VDY.TO is Dividend. VTV tracks CRSP US Large Cap Value Index, while VDY.TO tracks FTSE Canada High Dividend Yield Index. Their fees differ too: 0.04% for VTV and 0.22% for VDY.TO.

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