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VUN.TO vs. VXC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VUN.TO vs. VXC.TO

Last updated Jun 4, 2026

VUN.TO (Vanguard U.S. Total Market Index ETF) and VXC.TO (Vanguard FTSE Global All Cap ex Canada Index ETF) are both exchange-traded funds - VUN.TO is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index CAD, while VXC.TO is a Global Equities fund tracking the FTSE Global All Cap ex Canada China A Inclusion Index. Both are passively managed. Over the past 10 years, VUN.TO returned 15.43%/yr vs 13.05%/yr for VXC.TO. Their correlation of 0.94 suggests significant overlap in exposure. VUN.TO charges 0.17%/yr vs 0.22%/yr for VXC.TO.

Performance

VUN.TO vs. VXC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard U.S. Total Market Index ETF (VUN.TO) and Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VUN.TO achieves a 12.43% return, which is significantly lower than VXC.TO's 13.63% return. Over the past 10 years, VUN.TO has outperformed VXC.TO with an annualized return of 15.43%, while VXC.TO has yielded a comparatively lower 13.05% annualized return.

VUN.TO

1D
-0.39%
1M
7.17%
YTD
12.43%
6M
10.44%
1Y
29.34%
3Y*
23.05%
5Y*
15.50%
10Y*
15.43%

VXC.TO

1D
-0.35%
1M
7.19%
YTD
13.63%
6M
12.36%
1Y
30.23%
3Y*
21.78%
5Y*
13.65%
10Y*
13.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VUN.TO vs. VXC.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VUN.TO
Vanguard U.S. Total Market Index ETF		12.43%11.43%33.76%23.00%-14.20%24.54%18.22%23.99%2.35%13.01%
VXC.TO
Vanguard FTSE Global All Cap ex Canada Index ETF		13.63%15.89%26.06%19.20%-13.02%17.20%14.13%20.47%-2.86%15.94%

Correlation

The correlation between VUN.TO and VXC.TO is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.94

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

0.94

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

0.94

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

0.94

Correlation (All Time)
Calculated using the full available price history since Jul 10, 2014

0.94

The correlation between VUN.TO and VXC.TO has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.

VUN.TO vs. VXC.TO - Sectors Allocation Comparison

Sectors
VUN.TO
VXC.TO

Technology

31.5%
31.2%

Financial Services

12.5%
15.2%

Healthcare

10.2%
8.4%

Consumer Cyclical

10.0%
9.1%

Industrials

9.9%
10.5%

Communication Services

9.7%
9.0%

Consumer Defensive

5.0%
4.9%

Energy

4.2%
3.8%

Utilities

2.5%
2.8%

Real Estate

2.5%
1.6%

Basic Materials

2.2%
3.0%

Technology

VUN.TO
31.5%
VXC.TO
31.2%

Financial Services

VUN.TO
12.5%
VXC.TO
15.2%

Healthcare

VUN.TO
10.2%
VXC.TO
8.4%

Consumer Cyclical

VUN.TO
10.0%
VXC.TO
9.1%

Industrials

VUN.TO
9.9%
VXC.TO
10.5%

Communication Services

VUN.TO
9.7%
VXC.TO
9.0%

Consumer Defensive

VUN.TO
5.0%
VXC.TO
4.9%

Energy

VUN.TO
4.2%
VXC.TO
3.8%

Utilities

VUN.TO
2.5%
VXC.TO
2.8%

Real Estate

VUN.TO
2.5%
VXC.TO
1.6%

Basic Materials

VUN.TO
2.2%
VXC.TO
3.0%

Compare stocks, funds, or ETFs

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Vanguard U.S. Total Market Index ETF

Vanguard FTSE Global All Cap ex Canada Index ETF

Often compared with VUN.TO:
VUN.TO vs. XUU.TOVUN.TO vs. VCN.TOVUN.TO vs. VOOVUN.TO vs. VTIVUN.TO vs. VEQT.TOVUN.TO vs. TPU.TOVUN.TO vs. SPY
Often compared with VXC.TO:
VXC.TO vs. XAW.TOVXC.TO vs. XEQT.TOVXC.TO vs. VEQT.TOVXC.TO vs. VFV.TOVXC.TO vs. VTVXC.TO vs. XEF.TOVXC.TO vs. VOO

Return for Risk

VUN.TO vs. VXC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VUN.TO
VUN.TO Risk / Return Rank: 7272
Overall Rank
VUN.TO Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
VUN.TO Sortino Ratio Rank: 7373
Sortino Ratio Rank
VUN.TO Omega Ratio Rank: 7474
Omega Ratio Rank
VUN.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
VUN.TO Martin Ratio Rank: 6969
Martin Ratio Rank
VXC.TO
VXC.TO Risk / Return Rank: 7575
Overall Rank
VXC.TO Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
VXC.TO Sortino Ratio Rank: 7575
Sortino Ratio Rank
VXC.TO Omega Ratio Rank: 7777
Omega Ratio Rank
VXC.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
VXC.TO Martin Ratio Rank: 7676
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.

VUN.TO vs. VXC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Total Market Index ETF (VUN.TO) and Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.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.

VUN.TOVXC.TODifference
Sharpe ratioReturn per unit of total volatility
2.47
2.48

-0.01

Sortino ratioReturn per unit of downside risk
3.39
3.45

-0.06

Omega ratioGain probability vs. loss probability

1.45

1.47

-0.02

Calmar ratioReturn relative to maximum drawdown

3.46

3.68

-0.22

Martin ratioReturn relative to average drawdown

12.96

14.87

-1.90

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VUN.TO vs. VXC.TO - Sharpe Ratio Comparison

The current VUN.TO Sharpe Ratio is 2.47, which is comparable to the VXC.TO Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of VUN.TO and VXC.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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Sharpe Ratios by Period

VUN.TOVXC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.47

2.48

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.01

1.00

+0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.93

0.86

+0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

1.01

0.84

+0.17

Drawdowns

VUN.TO vs. VXC.TO - Drawdown Comparison

The maximum VUN.TO drawdown since its inception was -28.19%, roughly equal to the maximum VXC.TO drawdown of -27.28%. Use the drawdown chart below to compare losses from any high point for VUN.TO and VXC.TO.

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Drawdown Indicators

VUN.TOVXC.TODifference

Max Drawdown

Largest peak-to-trough decline

-28.19%

-27.28%

-0.91%

Max Drawdown (1Y)

Largest decline over 1 year

-8.51%

-8.24%

-0.27%

Max Drawdown (3Y)

Largest decline over 3 years

-19.88%

-16.76%

-3.12%

Max Drawdown (5Y)

Largest decline over 5 years

-23.67%

-21.61%

-2.06%

Max Drawdown (10Y)

Largest decline over 10 years

-28.19%

-27.28%

-0.91%

Current Drawdown

Current decline from peak

-0.39%

-0.35%

-0.04%

Average Drawdown

Average peak-to-trough decline

-3.80%

-3.89%

+0.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.27%

2.04%

+0.23%

Volatility

VUN.TO vs. VXC.TO - Volatility Comparison

The current volatility for Vanguard U.S. Total Market Index ETF (VUN.TO) is 3.04%, while Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) has a volatility of 3.81%. This indicates that VUN.TO experiences smaller price fluctuations and is considered to be less risky than VXC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VUN.TOVXC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.04%

3.81%

-0.77%

Volatility (6M)

Calculated over the trailing 6-month period

8.81%

9.86%

-1.05%

Volatility (1Y)

Calculated over the trailing 1-year period

11.97%

12.24%

-0.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.43%

13.69%

+1.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.70%

15.28%

+1.42%

VUN.TO vs. VXC.TO - Expense Ratio Comparison

VUN.TO has a 0.17% expense ratio, which is lower than VXC.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

VUN.TO vs. VXC.TO - Dividend Comparison

VUN.TO's dividend yield for the trailing twelve months is around 0.74%, less than VXC.TO's 1.22% yield.

PositionTTM20252024202320222021202020192018201720162015
VUN.TO
Vanguard U.S. Total Market Index ETF		0.74%0.84%0.93%1.10%1.21%0.97%1.15%1.45%1.52%1.39%1.49%1.49%
VXC.TO
Vanguard FTSE Global All Cap ex Canada Index ETF		1.22%1.39%1.45%1.68%1.82%1.48%1.46%1.80%1.94%1.68%1.85%1.83%

Frequently Asked Questions

With a correlation of 0.94, VUN.TO and VXC.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, VUN.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VUN.TO is cheaper with a 0.17% expense ratio, compared with 0.22% for VXC.TO.

VUN.TO is categorized as Large Cap Blend Equities, while VXC.TO is Global Equities. VUN.TO tracks CRSP US Total Market Index CAD, while VXC.TO tracks FTSE Global All Cap ex Canada China A Inclusion Index. Their fees differ too: 0.17% for VUN.TO and 0.22% for VXC.TO.

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