VXC.TO vs. HEQT.TO
VXC.TO (Vanguard FTSE Global All Cap ex Canada Index ETF) and HEQT.TO (Horizons All-Equity Asset Allocation ETF) are both Global Equities funds. VXC.TO is passively managed, while HEQT.TO is actively managed. Over the past 5 years, VXC.TO returned 13.65%/yr vs 16.77%/yr for HEQT.TO. Their correlation of 0.82 suggests significant overlap in exposure. VXC.TO charges 0.22%/yr vs 0.20%/yr for HEQT.TO.
Performance
VXC.TO vs. HEQT.TO - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with VXC.TO having a 13.63% return and HEQT.TO slightly lower at 13.56%.
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%
HEQT.TO
- 1D
- -0.58%
- 1M
- 6.87%
- YTD
- 13.56%
- 6M
- 13.18%
- 1Y
- 31.58%
- 3Y*
- 25.58%
- 5Y*
- 16.77%
- 10Y*
- —
VXC.TO vs. HEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 5.52% |
HEQT.TO Horizons All-Equity Asset Allocation ETF | 13.56% | 19.82% | 25.95% | 31.63% | -12.65% | 23.11% | 16.34% | 7.76% |
Correlation
The correlation between VXC.TO and HEQT.TO is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2019 | 0.82 |
The correlation between VXC.TO and HEQT.TO shifts across timeframes, from 0.82 (all time) to 0.95 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VXC.TO vs. HEQT.TO — Risk / Return Rank
VXC.TO
HEQT.TO
VXC.TO vs. HEQT.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 Horizons All-Equity Asset Allocation ETF (HEQT.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 | HEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.50 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.68 | 3.74 | -0.05 |
| Martin ratioReturn relative to average drawdown | 14.87 | 16.49 | -1.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VXC.TO | HEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.48 | 2.65 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 1.10 | -0.09 |
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 | 1.05 | -0.22 |
Drawdowns
VXC.TO vs. HEQT.TO - Drawdown Comparison
The maximum VXC.TO drawdown since its inception was -27.28%, smaller than the maximum HEQT.TO drawdown of -31.82%. Use the drawdown chart below to compare losses from any high point for VXC.TO and HEQT.TO.
Loading charts...
Drawdown Indicators
| VXC.TO | HEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.28% | -31.82% | +4.54% |
Max Drawdown (1Y)Largest decline over 1 year | -8.24% | -8.49% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -16.76% | -15.33% | -1.43% |
Max Drawdown (5Y)Largest decline over 5 years | -21.61% | -24.25% | +2.64% |
Max Drawdown (10Y)Largest decline over 10 years | -27.28% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | -0.58% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -3.89% | -4.29% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 1.92% | +0.12% |
Volatility
VXC.TO vs. HEQT.TO - Volatility Comparison
Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) has a higher volatility of 3.81% compared to Horizons All-Equity Asset Allocation ETF (HEQT.TO) at 3.53%. This indicates that VXC.TO's price experiences larger fluctuations and is considered to be riskier than HEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VXC.TO | HEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 3.53% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 9.86% | 9.67% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.24% | 11.96% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.69% | 15.33% | -1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.28% | 17.16% | -1.88% |
VXC.TO vs. HEQT.TO - Expense Ratio Comparison
VXC.TO has a 0.22% expense ratio, which is higher than HEQT.TO's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VXC.TO vs. HEQT.TO - Dividend Comparison
VXC.TO's dividend yield for the trailing twelve months is around 1.22%, less than HEQT.TO's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEQT.TO Horizons All-Equity Asset Allocation ETF | 1.61% | 1.70% | 3.22% | 7.85% | 7.31% | 0.48% | 1.40% | 0.22% | 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
With a correlation of 0.95, VXC.TO and HEQT.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, HEQT.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HEQT.TO is cheaper with a 0.20% expense ratio, compared with 0.22% for VXC.TO.
They also come from different issuers: Vanguard and Horizons. Their fees differ too: 0.22% for VXC.TO and 0.20% for HEQT.TO.
Find the right allocation for VXC.TO and HEQT.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer