VXC.TO vs. FGEP.TO
VXC.TO (Vanguard FTSE Global All Cap ex Canada Index ETF) and FGEP.TO (Fidelity Global Equity+ Fund ETF) are both Global Equities funds. VXC.TO is passively managed, while FGEP.TO is actively managed. Over the past year, VXC.TO returned 30.23% vs 33.16% for FGEP.TO. Their correlation of 0.83 suggests significant overlap in exposure. VXC.TO charges 0.22%/yr vs 1.16%/yr for FGEP.TO.
Performance
VXC.TO vs. FGEP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, VXC.TO achieves a 13.63% return, which is significantly lower than FGEP.TO's 16.78% 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%
FGEP.TO
- 1D
- -0.40%
- 1M
- 6.04%
- YTD
- 16.78%
- 6M
- 17.33%
- 1Y
- 33.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VXC.TO vs. FGEP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VXC.TO Vanguard FTSE Global All Cap ex Canada Index ETF | 13.63% | 15.89% | 11.85% |
FGEP.TO Fidelity Global Equity+ Fund ETF | 16.78% | 17.44% | 9.99% |
Correlation
The correlation between VXC.TO and FGEP.TO is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since May 23, 2024 | 0.83 |
The correlation between VXC.TO and FGEP.TO has been stable across timeframes, ranging from 0.83 to 0.83 - a consistent structural relationship.
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Return for Risk
VXC.TO vs. FGEP.TO — Risk / Return Rank
VXC.TO
FGEP.TO
VXC.TO vs. FGEP.TO - 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 Fidelity Global Equity+ Fund ETF (FGEP.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.
| VXC.TO | FGEP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.61 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.68 | 4.67 | -0.98 |
| Martin ratioReturn relative to average drawdown | 14.87 | 19.65 | -4.78 |
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
| VXC.TO | FGEP.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.48 | 3.19 | -0.71 |
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 | 1.78 | -0.94 |
Drawdowns
VXC.TO vs. FGEP.TO - Drawdown Comparison
The maximum VXC.TO drawdown since its inception was -27.28%, which is greater than FGEP.TO's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for VXC.TO and FGEP.TO.
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Drawdown Indicators
| VXC.TO | FGEP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.28% | -14.78% | -12.50% |
Max Drawdown (1Y)Largest decline over 1 year | -8.24% | -7.14% | -1.10% |
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 DrawdownCurrent decline from peak | -0.35% | -0.66% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -3.89% | -1.64% | -2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 1.69% | +0.35% |
Volatility
VXC.TO vs. FGEP.TO - Volatility Comparison
Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) and Fidelity Global Equity+ Fund ETF (FGEP.TO) have volatilities of 3.81% and 3.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VXC.TO | FGEP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 3.81% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.86% | 8.34% | +1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.24% | 10.47% | +1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.69% | 12.70% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.28% | 12.70% | +2.58% |
VXC.TO vs. FGEP.TO - Expense Ratio Comparison
VXC.TO has a 0.22% expense ratio, which is lower than FGEP.TO's 1.16% expense ratio.
Dividends
VXC.TO vs. FGEP.TO - Dividend Comparison
VXC.TO's dividend yield for the trailing twelve months is around 1.22%, while FGEP.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGEP.TO Fidelity Global Equity+ Fund ETF | 0.00% | 0.00% | 0.00% | 0.00% | 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
VXC.TO and FGEP.TO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
VXC.TO is cheaper with a 0.22% expense ratio, compared with 1.16% for FGEP.TO.
They also come from different issuers: Vanguard and Fidelity. Their fees differ too: 0.22% for VXC.TO and 1.16% for FGEP.TO.
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