VXC.TO vs. GRT-UN.TO

Last updated Jun 4, 2026

VXC.TO (Vanguard FTSE Global All Cap ex Canada Index ETF) is Global Equities fund tracking the FTSE Global All Cap ex Canada China A Inclusion Index, while GRT-UN.TO (Granite Real Estate Investment Trust) is a stock. Over the past 10 years, VXC.TO returned 13.05%/yr vs 14.15%/yr for GRT-UN.TO. At a 0.29 correlation, their price movements are largely independent.

Performance

VXC.TO vs. GRT-UN.TO - 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 Granite Real Estate Investment Trust (GRT-UN.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VXC.TO achieves a 13.63% return, which is significantly lower than GRT-UN.TO's 16.97% return. Over the past 10 years, VXC.TO has underperformed GRT-UN.TO with an annualized return of 13.05%, while GRT-UN.TO has yielded a comparatively higher 14.15% annualized 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%

GRT-UN.TO

• 1D: -0.71%
• 1M: 0.66%
• YTD: 16.97%
• 6M: 25.85%
• 1Y: 39.59%
• 3Y*: 8.72%
• 5Y*: 7.77%
• 10Y*: 14.15%

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

VXC.TO vs. GRT-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VXC.TO Vanguard FTSE Global All Cap ex Canada Index ETF	13.63%	15.89%	26.06%	19.20%	-13.02%	17.20%	14.13%	20.47%	-2.86%	15.94%
GRT-UN.TO Granite Real Estate Investment Trust	16.97%	22.79%	-4.30%	15.18%	-31.89%	40.45%	23.02%	29.65%	14.45%	16.24%

Correlation

The correlation between VXC.TO and GRT-UN.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jul 10, 2014	0.29

The correlation between VXC.TO and GRT-UN.TO shifts across timeframes, from 0.21 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

VXC.TO vs. GRT-UN.TO — 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

GRT-UN.TO

GRT-UN.TO Risk / Return Rank: 85
GRT-UN.TO Sharpe Ratio Rank: 88
GRT-UN.TO Sortino Ratio Rank: 85
GRT-UN.TO Omega Ratio Rank: 84
GRT-UN.TO Calmar Ratio Rank: 82
GRT-UN.TO Martin Ratio Rank: 87

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. GRT-UN.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 Granite Real Estate Investment Trust (GRT-UN.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	GRT-UN.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.48	2.07	+0.41
Sortino ratio: Return per unit of downside risk	3.45	2.79	+0.66
Omega ratio: Gain probability vs. loss probability	1.47	1.35	+0.12
Calmar ratio: Return relative to maximum drawdown	3.68	3.08	+0.60
Martin ratio: Return relative to average drawdown	14.87	9.90	+4.97
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. GRT-UN.TO - Sharpe Ratio Comparison

The current VXC.TO Sharpe Ratio is 2.48, which is comparable to the GRT-UN.TO Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of VXC.TO and GRT-UN.TO, 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	GRT-UN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	2.07	+0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.00	0.36	+0.65
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	0.63	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.36	+0.47

Drawdowns

VXC.TO vs. GRT-UN.TO - Drawdown Comparison

The maximum VXC.TO drawdown since its inception was -27.28%, smaller than the maximum GRT-UN.TO drawdown of -87.70%. Use the drawdown chart below to compare losses from any high point for VXC.TO and GRT-UN.TO.

Drawdown Indicators

	VXC.TO	GRT-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-27.28%	-87.70%	+60.42%
Max Drawdown (1Y) Largest decline over 1 year	-8.24%	-12.91%	+4.67%
Max Drawdown (3Y) Largest decline over 3 years	-16.76%	-27.99%	+11.23%
Max Drawdown (5Y) Largest decline over 5 years	-21.61%	-37.82%	+16.21%
Max Drawdown (10Y) Largest decline over 10 years	-27.28%	-44.89%	+17.61%
Current Drawdown Current decline from peak	-0.35%	-2.45%	+2.10%
Average Drawdown Average peak-to-trough decline	-3.89%	-16.41%	+12.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	4.01%	-1.97%

Volatility

VXC.TO vs. GRT-UN.TO - Volatility Comparison

The current volatility for Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) is 3.81%, while Granite Real Estate Investment Trust (GRT-UN.TO) has a volatility of 5.80%. This indicates that VXC.TO experiences smaller price fluctuations and is considered to be less risky than GRT-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VXC.TO	GRT-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	5.80%	-1.99%
Volatility (6M) Calculated over the trailing 6-month period	9.86%	14.73%	-4.87%
Volatility (1Y) Calculated over the trailing 1-year period	12.24%	19.23%	-6.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.69%	21.86%	-8.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.28%	22.43%	-7.15%

Dividends

VXC.TO vs. GRT-UN.TO - Dividend Comparison

VXC.TO's dividend yield for the trailing twelve months is around 1.22%, less than GRT-UN.TO's 3.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GRT-UN.TO Granite Real Estate Investment Trust	3.70%	4.17%	4.74%	4.21%	4.49%	3.03%	3.75%	4.25%	5.69%	5.63%	5.77%	6.44%
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 GRT-UN.TO in my portfolio?

VXC.TO and GRT-UN.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.