VXC.TO vs. BWTG

Last updated Jun 4, 2026

VXC.TO (Vanguard FTSE Global All Cap ex Canada Index ETF) and BWTG (Brendan Wood TopGun ETF) are both exchange-traded funds - VXC.TO is a Global Equities fund tracking the FTSE Global All Cap ex Canada China A Inclusion Index, while BWTG is a Large Cap Blend Equities fund actively managed by Brendan Wood. VXC.TO is passively managed, while BWTG is actively managed. Over the past year, VXC.TO returned 30.23% vs 18.13% for BWTG. A 0.78 correlation means they provide meaningful diversification when combined. VXC.TO charges 0.22%/yr vs 0.95%/yr for BWTG.

Performance

VXC.TO vs. BWTG - Performance Comparison

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

Different Trading Currencies

VXC.TO is traded in CAD, while BWTG is traded in USD. To make them comparable, the BWTG values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VXC.TO achieves a 13.63% return, which is significantly higher than BWTG's 7.06% return.

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%

BWTG

• 1D: 0.27%
• 1M: 6.21%
• YTD: 7.06%
• 6M: 5.06%
• 1Y: 18.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VXC.TO vs. BWTG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VXC.TO Vanguard FTSE Global All Cap ex Canada Index ETF	13.63%	15.89%	26.06%	6.31%
BWTG Brendan Wood TopGun ETF	7.06%	11.11%	31.05%	8.00%

Correlation

The correlation between VXC.TO and BWTG is 0.78, 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	0.78
Correlation (All Time) Calculated using the full available price history since Nov 10, 2023	0.78

The correlation between VXC.TO and BWTG has been stable across timeframes, ranging from 0.78 to 0.78 - a consistent structural relationship.

VXC.TO vs. BWTG - Sectors Allocation Comparison

Sectors	VXC.TO	BWTG
Technology	31.2%	26.8%
Financial Services	15.2%	22.4%
Industrials	10.5%	14.9%
Consumer Cyclical	9.1%	4.3%
Communication Services	9.0%	4.6%
Healthcare	8.4%	6.8%
Consumer Defensive	4.9%	4.3%
Energy	3.8%	-
Basic Materials	3.0%	-
Utilities	2.8%	3.6%
Real Estate	1.6%	12.0%

Return for Risk

VXC.TO vs. BWTG — Risk / Return Rank

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

VXC.TO

VXC.TO Risk / Return Rank: 75
VXC.TO Sharpe Ratio Rank: 75
VXC.TO Sortino Ratio Rank: 75
VXC.TO Omega Ratio Rank: 77
VXC.TO Calmar Ratio Rank: 73
VXC.TO Martin Ratio Rank: 76

BWTG

BWTG Risk / Return Rank: 41
BWTG Sharpe Ratio Rank: 42
BWTG Sortino Ratio Rank: 41
BWTG Omega Ratio Rank: 40
BWTG Calmar Ratio Rank: 34
BWTG Martin Ratio Rank: 46

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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) and Brendan Wood TopGun ETF (BWTG). 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.

	VXC.TO	BWTG	Difference
Sharpe ratio: Return per unit of total volatility	2.48	1.58	+0.90
Sortino ratio: Return per unit of downside risk	3.45	2.25	+1.20
Omega ratio: Gain probability vs. loss probability	1.47	1.29	+0.18
Calmar ratio: Return relative to maximum drawdown	3.68	1.92	+1.76
Martin ratio: Return relative to average drawdown	14.87	7.09	+7.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VXC.TO vs. BWTG - Sharpe Ratio Comparison

The current VXC.TO Sharpe Ratio is 2.48, which is higher than the BWTG Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of VXC.TO and BWTG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VXC.TO	BWTG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	1.58	+0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.00	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	1.69	-0.86

Drawdowns

VXC.TO vs. BWTG - Drawdown Comparison

The maximum VXC.TO drawdown since its inception was -27.28%, which is greater than BWTG's maximum drawdown of -14.71%. Use the drawdown chart below to compare losses from any high point for VXC.TO and BWTG.

Drawdown Indicators

	VXC.TO	BWTG	Difference
Max Drawdown Largest peak-to-trough decline	-27.28%	-14.71%	-12.57%
Max Drawdown (1Y) Largest decline over 1 year	-8.24%	-9.48%	+1.24%
Max Drawdown (3Y) Largest decline over 3 years	-16.76%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.61%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.28%	—	—
Current Drawdown Current decline from peak	-0.35%	0.00%	-0.35%
Average Drawdown Average peak-to-trough decline	-3.89%	-2.38%	-1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	2.56%	-0.52%

Volatility

VXC.TO vs. BWTG - Volatility Comparison

The current volatility for Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) is 3.81%, while Brendan Wood TopGun ETF (BWTG) has a volatility of 4.16%. This indicates that VXC.TO experiences smaller price fluctuations and is considered to be less risky than BWTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VXC.TO	BWTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	4.16%	-0.35%
Volatility (6M) Calculated over the trailing 6-month period	9.86%	9.25%	+0.61%
Volatility (1Y) Calculated over the trailing 1-year period	12.24%	11.53%	+0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.69%	13.43%	+0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.28%	13.43%	+1.85%

VXC.TO vs. BWTG - Expense Ratio Comparison

VXC.TO has a 0.22% expense ratio, which is lower than BWTG's 0.95% expense ratio.

Dividends

VXC.TO vs. BWTG - Dividend Comparison

VXC.TO's dividend yield for the trailing twelve months is around 1.22%, more than BWTG's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BWTG Brendan Wood TopGun ETF	0.33%	0.35%	0.25%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both VXC.TO and BWTG in my portfolio?

VXC.TO and BWTG have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VXC.TO or BWTG?

On fees, VXC.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VXC.TO or BWTG?

VXC.TO is cheaper with a 0.22% expense ratio, compared with 0.95% for BWTG.

What is the main difference between VXC.TO and BWTG?

VXC.TO is categorized as Global Equities, while BWTG is Large Cap Blend Equities. They also come from different issuers: Vanguard and Brendan Wood. Their fees differ too: 0.22% for VXC.TO and 0.95% for BWTG.