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VXC.TO vs. VGG.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VXC.TO vs. VGG.TO

Last updated Jun 25, 2026

VXC.TO (Vanguard FTSE Global All Cap ex Canada Index ETF) and VGG.TO (Vanguard U.S. Dividend Appreciation Index 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 VGG.TO is a Dividend fund tracking the S&P U.S. Dividend Growers Index. Both are passively managed. Over the past 10 years, VXC.TO returned 13.52%/yr vs 13.74%/yr for VGG.TO. Their correlation of 0.83 suggests significant overlap in exposure. VXC.TO charges 0.22%/yr vs 0.31%/yr for VGG.TO.

Performance

VXC.TO vs. VGG.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 Vanguard U.S. Dividend Appreciation Index ETF (VGG.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VXC.TO achieves a 14.02% return, which is significantly higher than VGG.TO's 10.76% return. Both investments have delivered pretty close results over the past 10 years, with VXC.TO having a 13.52% annualized return and VGG.TO not far ahead at 13.74%.

VXC.TO

1D
0.04%
1M
1.10%
YTD
14.02%
6M
13.44%
1Y
28.24%
3Y*
22.48%
5Y*
13.22%
10Y*
13.52%

VGG.TO

1D
-0.15%
1M
2.52%
YTD
10.76%
6M
9.95%
1Y
21.16%
3Y*
18.28%
5Y*
13.38%
10Y*
13.74%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VXC.TO vs. VGG.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VXC.TO
Vanguard FTSE Global All Cap ex Canada Index ETF		14.02%16.12%26.06%19.20%-13.02%17.21%14.14%20.47%-3.34%15.95%
VGG.TO
Vanguard U.S. Dividend Appreciation Index ETF		10.76%8.61%26.49%11.58%-4.21%22.23%12.67%23.32%5.20%13.99%

Correlation

The correlation between VXC.TO and VGG.TO 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 (3Y)
Calculated over the trailing 3-year period

0.79

Correlation (5Y)
Calculated over the trailing 5-year period

0.82

Correlation (10Y)
Calculated over the trailing 10-year period

0.83

Correlation (All Time)
Calculated using the full available price history since Jul 9, 2014

0.83

The correlation between VXC.TO and VGG.TO has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.

VXC.TO vs. VGG.TO - Sectors Allocation Comparison

Sectors
VXC.TO
VGG.TO

Technology

33.5%
29.0%

Financial Services

14.5%
19.9%

Industrials

10.7%
11.3%

Consumer Cyclical

9.0%
4.4%

Healthcare

8.3%
16.6%

Communication Services

8.1%
0.5%

Consumer Defensive

4.6%
9.3%

Energy

3.4%
3.2%

Basic Materials

3.2%
3.3%

Utilities

2.6%
2.9%

Real Estate

1.8%

-

Technology

VXC.TO
33.5%
VGG.TO
29.0%

Financial Services

VXC.TO
14.5%
VGG.TO
19.9%

Industrials

VXC.TO
10.7%
VGG.TO
11.3%

Consumer Cyclical

VXC.TO
9.0%
VGG.TO
4.4%

Healthcare

VXC.TO
8.3%
VGG.TO
16.6%

Communication Services

VXC.TO
8.1%
VGG.TO
0.5%

Consumer Defensive

VXC.TO
4.6%
VGG.TO
9.3%

Energy

VXC.TO
3.4%
VGG.TO
3.2%

Basic Materials

VXC.TO
3.2%
VGG.TO
3.3%

Utilities

VXC.TO
2.6%
VGG.TO
2.9%

Real Estate

VXC.TO
1.8%
VGG.TO

-

Compare stocks, funds, or ETFs

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Vanguard FTSE Global All Cap ex Canada Index ETF

Vanguard U.S. Dividend Appreciation Index ETF

Often compared with VXC.TO:
VXC.TO vs. XAW.TOVXC.TO vs. XEQT.TOVXC.TO vs. VEQT.TOVXC.TO vs. VFV.TOVXC.TO vs. VTVXC.TO vs. XEF.TOVXC.TO vs. VOO
Often compared with VGG.TO:
VGG.TO vs. VFV.TOVGG.TO vs. VIGVGG.TO vs. SCHDVGG.TO vs. VUN.TOVGG.TO vs. ZUQ.TOVGG.TO vs. DGROVGG.TO vs. ZNQ.TO

Return for Risk

VXC.TO vs. VGG.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: 7777
Overall Rank
VXC.TO Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
VXC.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
VXC.TO Omega Ratio Rank: 7979
Omega Ratio Rank
VXC.TO Calmar Ratio Rank: 7575
Calmar Ratio Rank
VXC.TO Martin Ratio Rank: 7878
Martin Ratio Rank
VGG.TO
VGG.TO Risk / Return Rank: 7171
Overall Rank
VGG.TO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
VGG.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
VGG.TO Omega Ratio Rank: 7070
Omega Ratio Rank
VGG.TO Calmar Ratio Rank: 6767
Calmar Ratio Rank
VGG.TO Martin Ratio Rank: 6868
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.

VXC.TO vs. VGG.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 Vanguard U.S. Dividend Appreciation Index ETF (VGG.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

VXC.TOVGG.TODifference
Sharpe ratioReturn per unit of total volatility
2.20
2.08

+0.11

Sortino ratioReturn per unit of downside risk
3.03
3.00

+0.03

Omega ratioGain probability vs. loss probability

1.42

1.37

+0.05

Calmar ratioReturn relative to maximum drawdown

3.44

3.00

+0.44

Martin ratioReturn relative to average drawdown

13.69

11.21

+2.48

VXC.TO vs. VGG.TO - Sharpe Ratio Comparison

The current VXC.TO Sharpe Ratio is 2.20, which is comparable to the VGG.TO Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of VXC.TO and VGG.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.

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Drawdowns

VXC.TO vs. VGG.TO - Drawdown Comparison

The maximum VXC.TO drawdown since its inception was -27.28%, which is greater than VGG.TO's maximum drawdown of -24.58%. Use the drawdown chart below to compare losses from any high point for VXC.TO and VGG.TO.

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Drawdown Indicators

VXC.TOVGG.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.28%

-24.58%

-2.70%

Max Drawdown (1Y)

Largest decline over 1 year

-8.24%

-7.07%

-1.17%

Max Drawdown (3Y)

Largest decline over 3 years

-16.76%

-15.56%

-1.20%

Max Drawdown (5Y)

Largest decline over 5 years

-21.61%

-18.52%

-3.09%

Max Drawdown (10Y)

Largest decline over 10 years

-27.28%

-24.58%

-2.70%

Current Drawdown

Current decline from peak

-1.61%

-0.15%

-1.46%

Average Drawdown

Average peak-to-trough decline

-3.88%

-2.92%

-0.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.07%

1.89%

+0.18%

Volatility

VXC.TO vs. VGG.TO - Volatility Comparison

Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) has a higher volatility of 5.06% compared to Vanguard U.S. Dividend Appreciation Index ETF (VGG.TO) at 2.39%. This indicates that VXC.TO's price experiences larger fluctuations and is considered to be riskier than VGG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VXC.TOVGG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.06%

2.39%

+2.67%

Volatility (6M)

Calculated over the trailing 6-month period

10.80%

7.90%

+2.90%

Volatility (1Y)

Calculated over the trailing 1-year period

12.95%

10.22%

+2.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.84%

12.67%

+1.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.29%

14.99%

+0.30%

VXC.TO vs. VGG.TO - Expense Ratio Comparison

VXC.TO has a 0.22% expense ratio, which is lower than VGG.TO's 0.31% expense ratio.

Dividends

VXC.TO vs. VGG.TO - Dividend Comparison

VXC.TO's dividend yield for the trailing twelve months is around 1.22%, more than VGG.TO's 1.00% yield.

PositionTTM20252024202320222021202020192018201720162015
VGG.TO
Vanguard U.S. Dividend Appreciation Index ETF		1.00%1.16%1.23%1.37%1.35%1.21%1.25%1.24%1.50%1.45%1.63%1.70%
VXC.TO
Vanguard FTSE Global All Cap ex Canada Index ETF		1.22%1.39%1.45%1.69%1.82%1.49%1.46%1.81%1.95%1.68%1.86%1.83%

Frequently Asked Questions

VXC.TO and VGG.TO 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.

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 0.31% for VGG.TO.

VXC.TO is categorized as Global Equities, while VGG.TO is Dividend. VXC.TO tracks FTSE Global All Cap ex Canada China A Inclusion Index, while VGG.TO tracks S&P U.S. Dividend Growers Index. Their fees differ too: 0.22% for VXC.TO and 0.31% for VGG.TO.

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