VVL.TO vs. VCN.TO
VVL.TO (Vanguard Global Value Factor ETF CAD) and VCN.TO (Vanguard FTSE Canada All Cap Index ETF) are both exchange-traded funds - VVL.TO is a Global Equities fund actively managed by Vanguard, while VCN.TO is a Canada Equities fund tracking the FTSE Canada All Cap Domestic Index. VVL.TO is actively managed, while VCN.TO is passively managed. Over the past 5 years, VVL.TO returned 13.78%/yr vs 14.85%/yr for VCN.TO. A 0.67 correlation means they provide meaningful diversification when combined. VVL.TO charges 0.38%/yr vs 0.06%/yr for VCN.TO.
Performance
VVL.TO vs. VCN.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with VVL.TO having a 10.59% return and VCN.TO slightly lower at 10.48%.
VVL.TO
- 1D
- -0.67%
- 1M
- 3.38%
- YTD
- 10.59%
- 6M
- 10.52%
- 1Y
- 33.99%
- 3Y*
- 21.25%
- 5Y*
- 13.78%
- 10Y*
- —
VCN.TO
- 1D
- -1.03%
- 1M
- 3.61%
- YTD
- 10.48%
- 6M
- 12.01%
- 1Y
- 33.06%
- 3Y*
- 23.42%
- 5Y*
- 14.85%
- 10Y*
- 12.42%
VVL.TO vs. VCN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VVL.TO Vanguard Global Value Factor ETF CAD | 10.59% | 21.53% | 14.96% | 16.51% | 0.45% | 29.74% | -3.32% | 13.38% | -9.42% | 12.32% |
VCN.TO Vanguard FTSE Canada All Cap Index ETF | 10.48% | 30.20% | 22.14% | 12.26% | -5.78% | 25.63% | 4.81% | 22.06% | -9.11% | 8.44% |
Correlation
The correlation between VVL.TO and VCN.TO is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2016 | 0.67 |
The correlation between VVL.TO and VCN.TO shifts across timeframes, from 0.56 (1 year) to 0.72 (5 years), reflecting how their relationship changes across market environments.
VVL.TO vs. VCN.TO - Sectors Allocation Comparison
Sectors
VVL.TO
VCN.TO
Financial Services
Consumer Cyclical
Healthcare
Technology
Industrials
Energy
Consumer Defensive
Communication Services
Basic Materials
Real Estate
Utilities
Financial Services
VVL.TO
VCN.TO
Consumer Cyclical
VVL.TO
VCN.TO
Healthcare
VVL.TO
VCN.TO
Technology
VVL.TO
VCN.TO
Industrials
VVL.TO
VCN.TO
Energy
VVL.TO
VCN.TO
Consumer Defensive
VVL.TO
VCN.TO
Communication Services
VVL.TO
VCN.TO
Basic Materials
VVL.TO
VCN.TO
Real Estate
VVL.TO
VCN.TO
Utilities
VVL.TO
VCN.TO
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Return for Risk
VVL.TO vs. VCN.TO — Risk / Return Rank
VVL.TO
VCN.TO
VVL.TO vs. VCN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Value Factor ETF CAD (VVL.TO) and Vanguard FTSE Canada All Cap Index ETF (VCN.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.
| VVL.TO | VCN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.48 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.87 | 3.65 | +0.22 |
| Martin ratioReturn relative to average drawdown | 15.35 | 17.03 | -1.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VVL.TO | VCN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 2.64 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 1.15 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.77 | -0.12 |
Drawdowns
VVL.TO vs. VCN.TO - Drawdown Comparison
The maximum VVL.TO drawdown since its inception was -43.93%, which is greater than VCN.TO's maximum drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for VVL.TO and VCN.TO.
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Drawdown Indicators
| VVL.TO | VCN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -37.32% | -6.61% |
Max Drawdown (1Y)Largest decline over 1 year | -8.83% | -9.11% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -18.10% | -12.24% | -5.86% |
Max Drawdown (5Y)Largest decline over 5 years | -18.10% | -16.12% | -1.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.32% | — |
Current DrawdownCurrent decline from peak | -0.76% | -1.03% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -3.90% | -1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 1.95% | +0.27% |
Volatility
VVL.TO vs. VCN.TO - Volatility Comparison
The current volatility for Vanguard Global Value Factor ETF CAD (VVL.TO) is 3.17%, while Vanguard FTSE Canada All Cap Index ETF (VCN.TO) has a volatility of 3.41%. This indicates that VVL.TO experiences smaller price fluctuations and is considered to be less risky than VCN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VVL.TO | VCN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.17% | 3.41% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 9.36% | 10.27% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.68% | 12.57% | +1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.02% | 13.03% | +2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.74% | 14.98% | +3.76% |
VVL.TO vs. VCN.TO - Expense Ratio Comparison
VVL.TO has a 0.38% expense ratio, which is higher than VCN.TO's 0.06% expense ratio.
Dividends
VVL.TO vs. VCN.TO - Dividend Comparison
VVL.TO's dividend yield for the trailing twelve months is around 1.71%, less than VCN.TO's 2.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCN.TO Vanguard FTSE Canada All Cap Index ETF | 2.00% | 2.27% | 2.69% | 2.99% | 3.15% | 2.48% | 2.70% | 2.85% | 2.80% | 2.29% | 2.34% | 2.65% |
VVL.TO Vanguard Global Value Factor ETF CAD | 1.71% | 1.89% | 2.19% | 2.65% | 2.52% | 1.48% | 1.67% | 2.60% | 2.11% | 1.33% | 0.59% | 0.00% |
Frequently Asked Questions
VVL.TO and VCN.TO have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VCN.TO is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VCN.TO is cheaper with a 0.06% expense ratio, compared with 0.38% for VVL.TO.
VVL.TO is categorized as Global Equities, while VCN.TO is Canada Equities. Their fees differ too: 0.38% for VVL.TO and 0.06% for VCN.TO.
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