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VUS.TO vs. CNCL.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

VUS.TO vs. CNCL.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard U.S. Total Market Index ETF (CAD-hedged) (VUS.TO) and Global X Enhanced S&P/TSX 60 Covered Call ETF (CNCL.TO).

VUS.TO and CNCL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VUS.TO is a passively managed fund by Vanguard that tracks the performance of the CRSP US Total Market Index. It was launched on Nov 30, 2011. CNCL.TO is a passively managed fund by Global X that tracks the performance of the S&P/TSX 60. It was launched on Jul 5, 2023. Both VUS.TO and CNCL.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

VUS.TO vs. CNCL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard U.S. Total Market Index ETF (CAD-hedged) (VUS.TO) and Global X Enhanced S&P/TSX 60 Covered Call ETF (CNCL.TO). The values are adjusted to include any dividend payments, if applicable.

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VUS.TO vs. CNCL.TO - Yearly Performance Comparison

2026 (YTD)202520242023
VUS.TO
Vanguard U.S. Total Market Index ETF (CAD-hedged)		-4.65%13.31%22.11%8.70%
CNCL.TO
Global X Enhanced S&P/TSX 60 Covered Call ETF		0.31%22.73%17.93%4.66%

Returns By Period

In the year-to-date period, VUS.TO achieves a -4.65% return, which is significantly lower than CNCL.TO's 0.31% return.

VUS.TO

1D
2.87%
1M
-5.36%
YTD
-4.65%
6M
-4.03%
1Y
14.10%
3Y*
15.39%
5Y*
8.54%
10Y*
11.71%

CNCL.TO

1D
0.91%
1M
-5.41%
YTD
0.31%
6M
6.80%
1Y
23.05%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

Vanguard U.S. Total Market Index ETF (CAD-hedged)

Global X Enhanced S&P/TSX 60 Covered Call ETF

Often compared with VUS.TO:
VUS.TO vs. VOOVUS.TO vs. VUN.TOVUS.TO vs. VTIVUS.TO vs. XUU.TOVUS.TO vs. XEQT.TOVUS.TO vs. SPUSVUS.TO vs. TRRYX
Often compared with CNCL.TO:
CNCL.TO vs. TULV.TOCNCL.TO vs. BRKY.NEOCNCL.TO vs. FCUQ.TOCNCL.TO vs. TPU.TOCNCL.TO vs. QQQQ.TOCNCL.TO vs. XEG.TOCNCL.TO vs. XUU.TO

VUS.TO vs. CNCL.TO - Expense Ratio Comparison

VUS.TO has a 0.17% expense ratio, which is lower than CNCL.TO's 0.65% expense ratio.

CNCL.TO
Global X Enhanced S&P/TSX 60 Covered Call ETF
VUS.TO
Vanguard U.S. Total Market Index ETF (CAD-hedged)

Return for Risk

VUS.TO vs. CNCL.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VUS.TO
VUS.TO Risk / Return Rank: 4646
Overall Rank
VUS.TO Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
VUS.TO Sortino Ratio Rank: 4343
Sortino Ratio Rank
VUS.TO Omega Ratio Rank: 4646
Omega Ratio Rank
VUS.TO Calmar Ratio Rank: 4646
Calmar Ratio Rank
VUS.TO Martin Ratio Rank: 5555
Martin Ratio Rank
CNCL.TO
CNCL.TO Risk / Return Rank: 7878
Overall Rank
CNCL.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
CNCL.TO Sortino Ratio Rank: 8080
Sortino Ratio Rank
CNCL.TO Omega Ratio Rank: 8585
Omega Ratio Rank
CNCL.TO Calmar Ratio Rank: 6666
Calmar Ratio Rank
CNCL.TO Martin Ratio Rank: 7979
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.

VUS.TO vs. CNCL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Total Market Index ETF (CAD-hedged) (VUS.TO) and Global X Enhanced S&P/TSX 60 Covered Call ETF (CNCL.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.

VUS.TOCNCL.TODifference

Sharpe ratio

Return per unit of total volatility

0.78

1.64

-0.86

Sortino ratio

Return per unit of downside risk

1.22

2.11

-0.89

Omega ratio

Gain probability vs. loss probability

1.18

1.35

-0.17

Calmar ratio

Return relative to maximum drawdown

1.20

1.72

-0.52

Martin ratio

Return relative to average drawdown

5.37

8.96

-3.59

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

VUS.TO vs. CNCL.TO - Sharpe Ratio Comparison

The current VUS.TO Sharpe Ratio is 0.78, which is lower than the CNCL.TO Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of VUS.TO and CNCL.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

VUS.TOCNCL.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.78

1.64

-0.86

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.50

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.65

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.75

1.32

-0.58

Correlation

The correlation between VUS.TO and CNCL.TO is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

VUS.TO vs. CNCL.TO - Dividend Comparison

VUS.TO's dividend yield for the trailing twelve months is around 0.87%, less than CNCL.TO's 8.36% yield.

TTM20252024202320222021202020192018201720162015
VUS.TO
Vanguard U.S. Total Market Index ETF (CAD-hedged)		0.87%0.84%0.97%1.07%1.23%0.95%1.11%1.39%1.60%1.32%1.49%1.59%
CNCL.TO
Global X Enhanced S&P/TSX 60 Covered Call ETF		8.36%9.15%11.88%6.29%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

VUS.TO vs. CNCL.TO - Drawdown Comparison

The maximum VUS.TO drawdown since its inception was -36.70%, which is greater than CNCL.TO's maximum drawdown of -13.75%. Use the drawdown chart below to compare losses from any high point for VUS.TO and CNCL.TO.

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Drawdown Indicators

VUS.TOCNCL.TODifference

Max Drawdown

Largest peak-to-trough decline

-36.70%

-13.75%

-22.95%

Max Drawdown (1Y)

Largest decline over 1 year

-12.06%

-12.35%

+0.29%

Max Drawdown (5Y)

Largest decline over 5 years

-26.25%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-36.70%

—

—

Current Drawdown

Current decline from peak

-7.08%

-5.41%

-1.67%

Average Drawdown

Average peak-to-trough decline

-4.37%

-1.57%

-2.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.70%

2.37%

+0.33%

Volatility

VUS.TO vs. CNCL.TO - Volatility Comparison

Vanguard U.S. Total Market Index ETF (CAD-hedged) (VUS.TO) has a higher volatility of 5.55% compared to Global X Enhanced S&P/TSX 60 Covered Call ETF (CNCL.TO) at 5.04%. This indicates that VUS.TO's price experiences larger fluctuations and is considered to be riskier than CNCL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VUS.TOCNCL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.55%

5.04%

+0.51%

Volatility (6M)

Calculated over the trailing 6-month period

9.88%

9.91%

-0.03%

Volatility (1Y)

Calculated over the trailing 1-year period

18.23%

14.24%

+3.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.21%

12.55%

+4.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.06%

12.55%

+5.51%