VVL.TO vs. VGG.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Global Value Factor ETF CAD (VVL.TO) and Vanguard U.S. Dividend Appreciation Index ETF (VGG.TO).

VVL.TO and VGG.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VVL.TO is an actively managed fund by Vanguard. It was launched on Jun 14, 2016. VGG.TO is a passively managed fund by Vanguard that tracks the performance of the S&P U.S. Dividend Growers Index. It was launched on Aug 2, 2013.

Performance

VVL.TO vs. VGG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard Global Value Factor ETF CAD (VVL.TO) and Vanguard U.S. Dividend Appreciation Index ETF (VGG.TO). The values are adjusted to include any dividend payments, if applicable.

VVL.TO vs. VGG.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VVL.TO Vanguard Global Value Factor ETF CAD	3.80%	21.53%	14.96%	16.51%	0.45%	29.74%	-3.32%	13.38%	-9.42%	12.32%
VGG.TO Vanguard U.S. Dividend Appreciation Index ETF	-0.67%	8.61%	26.49%	11.58%	-4.21%	22.23%	12.67%	23.32%	5.20%	13.99%

Returns By Period

In the year-to-date period, VVL.TO achieves a 3.80% return, which is significantly higher than VGG.TO's -0.67% return.

VVL.TO

• 1D: 2.04%
• 1M: -3.64%
• YTD: 3.80%
• 6M: 8.67%
• 1Y: 24.81%
• 3Y*: 18.53%
• 5Y*: 13.27%
• 10Y*: —

VGG.TO

• 1D: 1.95%
• 1M: -3.38%
• YTD: -0.67%
• 6M: 0.23%
• 1Y: 8.44%
• 3Y*: 14.34%
• 5Y*: 11.48%
• 10Y*: 12.42%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VVL.TO vs. VGG.TO - Expense Ratio Comparison

VVL.TO has a 0.38% expense ratio, which is higher than VGG.TO's 0.30% expense ratio.

VVL.TO

Vanguard Global Value Factor ETF CAD

VGG.TO

Vanguard U.S. Dividend Appreciation Index ETF

Return for Risk

VVL.TO vs. VGG.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VVL.TO

VVL.TO Risk / Return Rank: 72
VVL.TO Sharpe Ratio Rank: 73
VVL.TO Sortino Ratio Rank: 72
VVL.TO Omega Ratio Rank: 73
VVL.TO Calmar Ratio Rank: 72
VVL.TO Martin Ratio Rank: 72

VGG.TO

VGG.TO Risk / Return Rank: 34
VGG.TO Sharpe Ratio Rank: 32
VGG.TO Sortino Ratio Rank: 31
VGG.TO Omega Ratio Rank: 32
VGG.TO Calmar Ratio Rank: 38
VGG.TO Martin Ratio Rank: 38

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.

VVL.TO vs. VGG.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 U.S. Dividend Appreciation Index ETF (VGG.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	VGG.TO	Difference
Sharpe ratio Return per unit of total volatility	1.26	0.55	+0.71
Sortino ratio Return per unit of downside risk	1.77	0.85	+0.92
Omega ratio Gain probability vs. loss probability	1.26	1.12	+0.14
Calmar ratio Return relative to maximum drawdown	1.79	0.90	+0.89
Martin ratio Return relative to average drawdown	7.07	3.36	+3.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VVL.TO vs. VGG.TO - Sharpe Ratio Comparison

The current VVL.TO Sharpe Ratio is 1.26, which is higher than the VGG.TO Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of VVL.TO and VGG.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.

Sharpe Ratios by Period

	VVL.TO	VGG.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	0.55	+0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.91	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.94	-0.31

Correlation

The correlation between VVL.TO and VGG.TO is 0.67, 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

VVL.TO vs. VGG.TO - Dividend Comparison

VVL.TO's dividend yield for the trailing twelve months is around 1.82%, more than VGG.TO's 1.11% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VVL.TO Vanguard Global Value Factor ETF CAD	1.82%	1.89%	2.19%	2.65%	2.52%	1.48%	1.67%	2.60%	2.11%	1.33%	0.59%	0.00%
VGG.TO Vanguard U.S. Dividend Appreciation Index ETF	1.11%	1.16%	1.23%	1.37%	1.35%	1.21%	1.25%	1.24%	1.50%	1.46%	1.63%	1.70%

Drawdowns

VVL.TO vs. VGG.TO - Drawdown Comparison

The maximum VVL.TO drawdown since its inception was -43.93%, which is greater than VGG.TO's maximum drawdown of -24.58%. Use the drawdown chart below to compare losses from any high point for VVL.TO and VGG.TO.

Drawdown Indicators

	VVL.TO	VGG.TO	Difference
Max Drawdown Largest peak-to-trough decline	-43.93%	-24.58%	-19.35%
Max Drawdown (1Y) Largest decline over 1 year	-14.38%	-11.10%	-3.28%
Max Drawdown (5Y) Largest decline over 5 years	-18.10%	-18.52%	+0.42%
Max Drawdown (10Y) Largest decline over 10 years	—	-24.58%	—
Current Drawdown Current decline from peak	-4.83%	-4.43%	-0.40%
Average Drawdown Average peak-to-trough decline	-5.79%	-2.96%	-2.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.63%	3.02%	+0.61%

Volatility

VVL.TO vs. VGG.TO - Volatility Comparison

Vanguard Global Value Factor ETF CAD (VVL.TO) has a higher volatility of 5.32% compared to Vanguard U.S. Dividend Appreciation Index ETF (VGG.TO) at 4.11%. This indicates that VVL.TO's price experiences larger fluctuations and is considered to be riskier than VGG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VVL.TO	VGG.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	4.11%	+1.21%
Volatility (6M) Calculated over the trailing 6-month period	10.48%	8.27%	+2.21%
Volatility (1Y) Calculated over the trailing 1-year period	19.82%	15.46%	+4.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.08%	12.66%	+3.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.85%	14.99%	+3.86%