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

VXC.TO vs. VUN.TO

Last updated Jun 4, 2026

VXC.TO (Vanguard FTSE Global All Cap ex Canada Index ETF) and VUN.TO (Vanguard U.S. Total Market 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 VUN.TO is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index CAD. Both are passively managed. Over the past 10 years, VXC.TO returned 13.05%/yr vs 15.43%/yr for VUN.TO. Their correlation of 0.94 suggests significant overlap in exposure. VXC.TO charges 0.22%/yr vs 0.17%/yr for VUN.TO.

Performance

VXC.TO vs. VUN.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. Total Market Index ETF (VUN.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 13.63% return, which is significantly higher than VUN.TO's 12.43% return. Over the past 10 years, VXC.TO has underperformed VUN.TO with an annualized return of 13.05%, while VUN.TO has yielded a comparatively higher 15.43% 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%

VUN.TO

1D
-0.39%
1M
7.17%
YTD
12.43%
6M
10.44%
1Y
29.34%
3Y*
23.05%
5Y*
15.50%
10Y*
15.43%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
VUN.TO
Vanguard U.S. Total Market Index ETF		12.43%11.43%33.76%23.00%-14.20%24.54%18.22%23.99%2.35%13.01%

Correlation

The correlation between VXC.TO and VUN.TO is 0.94, 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

0.94

Correlation (3Y)
Calculated over the trailing 3-year period

0.94

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

0.94

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

0.94

Correlation (All Time)
Calculated using the full available price history since Jul 10, 2014

0.94

The correlation between VXC.TO and VUN.TO has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.

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

Sectors
VXC.TO
VUN.TO

Technology

31.2%
31.5%

Financial Services

15.2%
12.5%

Industrials

10.5%
9.9%

Consumer Cyclical

9.1%
10.0%

Communication Services

9.0%
9.7%

Healthcare

8.4%
10.2%

Consumer Defensive

4.9%
5.0%

Energy

3.8%
4.2%

Basic Materials

3.0%
2.2%

Utilities

2.8%
2.5%

Real Estate

1.6%
2.5%

Technology

VXC.TO
31.2%
VUN.TO
31.5%

Financial Services

VXC.TO
15.2%
VUN.TO
12.5%

Industrials

VXC.TO
10.5%
VUN.TO
9.9%

Consumer Cyclical

VXC.TO
9.1%
VUN.TO
10.0%

Communication Services

VXC.TO
9.0%
VUN.TO
9.7%

Healthcare

VXC.TO
8.4%
VUN.TO
10.2%

Consumer Defensive

VXC.TO
4.9%
VUN.TO
5.0%

Energy

VXC.TO
3.8%
VUN.TO
4.2%

Basic Materials

VXC.TO
3.0%
VUN.TO
2.2%

Utilities

VXC.TO
2.8%
VUN.TO
2.5%

Real Estate

VXC.TO
1.6%
VUN.TO
2.5%

Compare stocks, funds, or ETFs

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Vanguard FTSE Global All Cap ex Canada Index ETF

Vanguard U.S. Total Market 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 VUN.TO:
VUN.TO vs. XUU.TOVUN.TO vs. VCN.TOVUN.TO vs. VOOVUN.TO vs. VTIVUN.TO vs. VEQT.TOVUN.TO vs. TPU.TOVUN.TO vs. SPY

Return for Risk

VXC.TO vs. VUN.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: 7575
Overall Rank
VXC.TO Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
VXC.TO Sortino Ratio Rank: 7575
Sortino Ratio Rank
VXC.TO Omega Ratio Rank: 7777
Omega Ratio Rank
VXC.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
VXC.TO Martin Ratio Rank: 7676
Martin Ratio Rank
VUN.TO
VUN.TO Risk / Return Rank: 7272
Overall Rank
VUN.TO Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
VUN.TO Sortino Ratio Rank: 7373
Sortino Ratio Rank
VUN.TO Omega Ratio Rank: 7474
Omega Ratio Rank
VUN.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
VUN.TO Martin Ratio Rank: 6969
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. VUN.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. Total Market Index ETF (VUN.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.TOVUN.TODifference
Sharpe ratioReturn per unit of total volatility
2.48
2.47

+0.01

Sortino ratioReturn per unit of downside risk
3.45
3.39

+0.06

Omega ratioGain probability vs. loss probability

1.47

1.45

+0.02

Calmar ratioReturn relative to maximum drawdown

3.68

3.46

+0.22

Martin ratioReturn relative to average drawdown

14.87

12.96

+1.90

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. VUN.TO - Sharpe Ratio Comparison

The current VXC.TO Sharpe Ratio is 2.48, which is comparable to the VUN.TO Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of VXC.TO and VUN.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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Sharpe Ratios by Period

VXC.TOVUN.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.48

2.47

+0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.00

1.01

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.86

0.93

-0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.84

1.01

-0.17

Drawdowns

VXC.TO vs. VUN.TO - Drawdown Comparison

The maximum VXC.TO drawdown since its inception was -27.28%, roughly equal to the maximum VUN.TO drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for VXC.TO and VUN.TO.

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Drawdown Indicators

VXC.TOVUN.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.28%

-28.19%

+0.91%

Max Drawdown (1Y)

Largest decline over 1 year

-8.24%

-8.51%

+0.27%

Max Drawdown (3Y)

Largest decline over 3 years

-16.76%

-19.88%

+3.12%

Max Drawdown (5Y)

Largest decline over 5 years

-21.61%

-23.67%

+2.06%

Max Drawdown (10Y)

Largest decline over 10 years

-27.28%

-28.19%

+0.91%

Current Drawdown

Current decline from peak

-0.35%

-0.39%

+0.04%

Average Drawdown

Average peak-to-trough decline

-3.89%

-3.80%

-0.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.04%

2.27%

-0.23%

Volatility

VXC.TO vs. VUN.TO - Volatility Comparison

Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) has a higher volatility of 3.81% compared to Vanguard U.S. Total Market Index ETF (VUN.TO) at 3.04%. This indicates that VXC.TO's price experiences larger fluctuations and is considered to be riskier than VUN.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.TOVUN.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.81%

3.04%

+0.77%

Volatility (6M)

Calculated over the trailing 6-month period

9.86%

8.81%

+1.05%

Volatility (1Y)

Calculated over the trailing 1-year period

12.24%

11.97%

+0.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.69%

15.43%

-1.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.28%

16.70%

-1.42%

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

VXC.TO has a 0.22% expense ratio, which is higher than VUN.TO's 0.17% 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. VUN.TO - Dividend Comparison

VXC.TO's dividend yield for the trailing twelve months is around 1.22%, more than VUN.TO's 0.74% yield.

PositionTTM20252024202320222021202020192018201720162015
VUN.TO
Vanguard U.S. Total Market Index ETF		0.74%0.84%0.93%1.10%1.21%0.97%1.15%1.45%1.52%1.39%1.49%1.49%
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 0.94, VXC.TO and VUN.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, VUN.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VUN.TO is cheaper with a 0.17% expense ratio, compared with 0.22% for VXC.TO.

VXC.TO is categorized as Global Equities, while VUN.TO is Large Cap Blend Equities. VXC.TO tracks FTSE Global All Cap ex Canada China A Inclusion Index, while VUN.TO tracks CRSP US Total Market Index CAD. Their fees differ too: 0.22% for VXC.TO and 0.17% for VUN.TO.

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