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VVO.TO vs. VEF.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

VVO.TO vs. VEF.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Global Minimum Volatility ETF (VVO.TO) and Vanguard FTSE Developed All Cap Ex US (VEF.TO).

VVO.TO and VEF.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VVO.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Global All Cap Index. It was launched on Jun 14, 2016. VEF.TO is a passively managed fund by Vanguard that tracks the performance of the Spliced FTSE Developed ex US Index Hedged in CAD. It was launched on Nov 30, 2011. Both VVO.TO and VEF.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

VVO.TO vs. VEF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard Global Minimum Volatility ETF (VVO.TO) and Vanguard FTSE Developed All Cap Ex US (VEF.TO). The values are adjusted to include any dividend payments, if applicable.

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VVO.TO vs. VEF.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VVO.TO
Vanguard Global Minimum Volatility ETF		1.93%9.74%13.56%4.87%-5.18%10.43%-2.48%19.40%-2.10%14.32%
VEF.TO
Vanguard FTSE Developed All Cap Ex US		4.10%24.61%10.91%18.02%-7.54%18.04%2.10%22.61%-11.96%16.90%

Returns By Period

In the year-to-date period, VVO.TO achieves a 1.93% return, which is significantly lower than VEF.TO's 4.10% return.

VVO.TO

1D
1.39%
1M
-4.93%
YTD
1.93%
6M
3.00%
1Y
7.26%
3Y*
10.09%
5Y*
5.94%
10Y*
—

VEF.TO

1D
2.75%
1M
-6.38%
YTD
4.10%
6M
11.16%
1Y
25.81%
3Y*
16.22%
5Y*
11.11%
10Y*
10.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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Vanguard Global Minimum Volatility ETF

Vanguard FTSE Developed All Cap Ex US

Often compared with VVO.TO:
VVO.TO vs. TILV.TOVVO.TO vs. XEQT.TOVVO.TO vs. FLVI.NEOVVO.TO vs. VVL.TOVVO.TO vs. VTVVO.TO vs. ZLB.TOVVO.TO vs. XCNS.TO
Often compared with VEF.TO:
VEF.TO vs. XEF.TOVEF.TO vs. VDU.TOVEF.TO vs. VEAVEF.TO vs. VFV.TOVEF.TO vs. VXUSVEF.TO vs. XEH.TOVEF.TO vs. VUG

VVO.TO vs. VEF.TO - Expense Ratio Comparison

VVO.TO has a 0.39% expense ratio, which is higher than VEF.TO's 0.22% expense ratio.

VVO.TO
Vanguard Global Minimum Volatility ETF
VEF.TO
Vanguard FTSE Developed All Cap Ex US

Return for Risk

VVO.TO vs. VEF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VVO.TO
VVO.TO Risk / Return Rank: 3939
Overall Rank
VVO.TO Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
VVO.TO Sortino Ratio Rank: 3434
Sortino Ratio Rank
VVO.TO Omega Ratio Rank: 3838
Omega Ratio Rank
VVO.TO Calmar Ratio Rank: 4040
Calmar Ratio Rank
VVO.TO Martin Ratio Rank: 4545
Martin Ratio Rank
VEF.TO
VEF.TO Risk / Return Rank: 8484
Overall Rank
VEF.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
VEF.TO Sortino Ratio Rank: 8484
Sortino Ratio Rank
VEF.TO Omega Ratio Rank: 8787
Omega Ratio Rank
VEF.TO Calmar Ratio Rank: 8282
Calmar Ratio Rank
VEF.TO Martin Ratio Rank: 8585
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.

VVO.TO vs. VEF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Minimum Volatility ETF (VVO.TO) and Vanguard FTSE Developed All Cap Ex US (VEF.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.

VVO.TOVEF.TODifference

Sharpe ratio

Return per unit of total volatility

0.69

1.60

-0.91

Sortino ratio

Return per unit of downside risk

0.99

2.19

-1.20

Omega ratio

Gain probability vs. loss probability

1.15

1.35

-0.19

Calmar ratio

Return relative to maximum drawdown

1.04

2.24

-1.20

Martin ratio

Return relative to average drawdown

4.28

9.47

-5.19

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

VVO.TO vs. VEF.TO - Sharpe Ratio Comparison

The current VVO.TO Sharpe Ratio is 0.69, which is lower than the VEF.TO Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of VVO.TO and VEF.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

VVO.TOVEF.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.69

1.60

-0.91

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.61

0.84

-0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.68

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.67

-0.10

Correlation

The correlation between VVO.TO and VEF.TO is 0.56, 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

VVO.TO vs. VEF.TO - Dividend Comparison

VVO.TO's dividend yield for the trailing twelve months is around 2.09%, less than VEF.TO's 2.28% yield.

TTM20252024202320222021202020192018201720162015
VVO.TO
Vanguard Global Minimum Volatility ETF		2.09%2.13%2.05%2.68%1.55%2.30%2.23%2.22%1.87%2.07%0.71%0.00%
VEF.TO
Vanguard FTSE Developed All Cap Ex US		2.28%2.61%2.55%2.50%2.21%2.55%1.73%2.41%2.64%2.21%2.31%2.39%

Drawdowns

VVO.TO vs. VEF.TO - Drawdown Comparison

The maximum VVO.TO drawdown since its inception was -33.20%, roughly equal to the maximum VEF.TO drawdown of -33.03%. Use the drawdown chart below to compare losses from any high point for VVO.TO and VEF.TO.

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Drawdown Indicators

VVO.TOVEF.TODifference

Max Drawdown

Largest peak-to-trough decline

-33.20%

-33.03%

-0.17%

Max Drawdown (1Y)

Largest decline over 1 year

-6.98%

-11.16%

+4.18%

Max Drawdown (5Y)

Largest decline over 5 years

-14.37%

-16.35%

+1.98%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.03%

—

Current Drawdown

Current decline from peak

-5.00%

-6.54%

+1.54%

Average Drawdown

Average peak-to-trough decline

-3.47%

-4.30%

+0.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.70%

2.64%

-0.94%

Volatility

VVO.TO vs. VEF.TO - Volatility Comparison

The current volatility for Vanguard Global Minimum Volatility ETF (VVO.TO) is 3.56%, while Vanguard FTSE Developed All Cap Ex US (VEF.TO) has a volatility of 6.96%. This indicates that VVO.TO experiences smaller price fluctuations and is considered to be less risky than VEF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VVO.TOVEF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.56%

6.96%

-3.40%

Volatility (6M)

Calculated over the trailing 6-month period

5.81%

9.98%

-4.17%

Volatility (1Y)

Calculated over the trailing 1-year period

10.53%

16.25%

-5.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.82%

13.28%

-3.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.15%

15.47%

-3.32%