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VXC.TO vs. VWRL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VXC.TO vs. VWRL.L

Last updated Jun 4, 2026

VXC.TO (Vanguard FTSE Global All Cap ex Canada Index ETF) and VWRL.L (Vanguard FTSE All-World UCITS ETF Distributing) are both Global Equities funds from Vanguard - VXC.TO tracks the FTSE Global All Cap ex Canada China A Inclusion Index while VWRL.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, VXC.TO returned 13.05%/yr vs 13.58%/yr for VWRL.L. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.22% expense ratio.

Performance

VXC.TO vs. VWRL.L - 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 FTSE All-World UCITS ETF Distributing (VWRL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VXC.TO is traded in CAD, while VWRL.L is traded in GBP. To make them comparable, the VWRL.L values have been converted to CAD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with VXC.TO having a 13.63% return and VWRL.L slightly lower at 13.10%. Both investments have delivered pretty close results over the past 10 years, with VXC.TO having a 13.05% annualized return and VWRL.L not far ahead at 13.58%.

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%

VWRL.L

1D
-0.29%
1M
7.14%
YTD
13.10%
6M
12.67%
1Y
31.03%
3Y*
22.59%
5Y*
14.46%
10Y*
13.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VXC.TO vs. VWRL.L - 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%
VWRL.L
Vanguard FTSE All-World UCITS ETF Distributing		13.10%16.97%27.70%19.03%-12.40%17.87%13.62%20.69%-2.47%16.10%

Correlation

The correlation between VXC.TO and VWRL.L is 0.70, 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

0.70

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

0.65

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

0.61

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

0.61

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

0.58

The correlation between VXC.TO and VWRL.L shifts across timeframes, from 0.58 (all time) to 0.70 (1 year), reflecting how their relationship changes across market environments.

VXC.TO vs. VWRL.L - Sectors Allocation Comparison

Sectors
VXC.TO
VWRL.L

Technology

31.2%
29.0%

Financial Services

15.2%
16.1%

Industrials

10.5%
11.0%

Consumer Cyclical

9.1%
9.4%

Communication Services

9.0%
8.8%

Healthcare

8.4%
8.0%

Consumer Defensive

4.9%
5.0%

Energy

3.8%
4.2%

Basic Materials

3.0%
3.8%

Utilities

2.8%
2.7%

Real Estate

1.6%
1.9%

Technology

VXC.TO
31.2%
VWRL.L
29.0%

Financial Services

VXC.TO
15.2%
VWRL.L
16.1%

Industrials

VXC.TO
10.5%
VWRL.L
11.0%

Consumer Cyclical

VXC.TO
9.1%
VWRL.L
9.4%

Communication Services

VXC.TO
9.0%
VWRL.L
8.8%

Healthcare

VXC.TO
8.4%
VWRL.L
8.0%

Consumer Defensive

VXC.TO
4.9%
VWRL.L
5.0%

Energy

VXC.TO
3.8%
VWRL.L
4.2%

Basic Materials

VXC.TO
3.0%
VWRL.L
3.8%

Utilities

VXC.TO
2.8%
VWRL.L
2.7%

Real Estate

VXC.TO
1.6%
VWRL.L
1.9%

Compare stocks, funds, or ETFs

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Vanguard FTSE Global All Cap ex Canada Index ETF

Vanguard FTSE All-World UCITS ETF Distributing

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 VWRL.L:
VWRL.L vs. ACWIVWRL.L vs. VHYL.ASVWRL.L vs. VHVG.LVWRL.L vs. VUSA.LVWRL.L vs. VOOVWRL.L vs. VHYG.LVWRL.L vs. VEVE.L

Return for Risk

VXC.TO vs. VWRL.L — 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
VWRL.L
VWRL.L Risk / Return Rank: 8585
Overall Rank
VWRL.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
VWRL.L Sortino Ratio Rank: 8787
Sortino Ratio Rank
VWRL.L Omega Ratio Rank: 8888
Omega Ratio Rank
VWRL.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
VWRL.L Martin Ratio Rank: 8484
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. VWRL.L - 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 FTSE All-World UCITS ETF Distributing (VWRL.L). 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.TOVWRL.LDifference
Sharpe ratioReturn per unit of total volatility
2.48
2.69

-0.21

Sortino ratioReturn per unit of downside risk
3.45
3.79

-0.34

Omega ratioGain probability vs. loss probability

1.47

1.49

-0.02

Calmar ratioReturn relative to maximum drawdown

3.68

4.03

-0.35

Martin ratioReturn relative to average drawdown

14.87

16.18

-1.32

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. VWRL.L - Sharpe Ratio Comparison

The current VXC.TO Sharpe Ratio is 2.48, which is comparable to the VWRL.L Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of VXC.TO and VWRL.L, 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.TOVWRL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.48

2.69

-0.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.00

1.10

-0.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.86

0.99

-0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.84

1.08

-0.25

Drawdowns

VXC.TO vs. VWRL.L - Drawdown Comparison

The maximum VXC.TO drawdown since its inception was -27.28%, roughly equal to the maximum VWRL.L drawdown of -26.82%. Use the drawdown chart below to compare losses from any high point for VXC.TO and VWRL.L.

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Drawdown Indicators

VXC.TOVWRL.LDifference

Max Drawdown

Largest peak-to-trough decline

-27.28%

-26.82%

-0.46%

Max Drawdown (1Y)

Largest decline over 1 year

-8.24%

-7.66%

-0.58%

Max Drawdown (3Y)

Largest decline over 3 years

-16.76%

-17.20%

+0.44%

Max Drawdown (5Y)

Largest decline over 5 years

-21.61%

-20.69%

-0.92%

Max Drawdown (10Y)

Largest decline over 10 years

-27.28%

-26.82%

-0.46%

Current Drawdown

Current decline from peak

-0.35%

-0.29%

-0.06%

Average Drawdown

Average peak-to-trough decline

-3.89%

-3.29%

-0.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.04%

1.91%

+0.13%

Volatility

VXC.TO vs. VWRL.L - Volatility Comparison

Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) has a higher volatility of 3.81% compared to Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) at 3.35%. This indicates that VXC.TO's price experiences larger fluctuations and is considered to be riskier than VWRL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VXC.TOVWRL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.81%

3.35%

+0.46%

Volatility (6M)

Calculated over the trailing 6-month period

9.86%

8.57%

+1.29%

Volatility (1Y)

Calculated over the trailing 1-year period

12.24%

11.50%

+0.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.69%

13.14%

+0.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.28%

13.68%

+1.60%

VXC.TO vs. VWRL.L - Expense Ratio Comparison

Both VXC.TO and VWRL.L have an expense ratio of 0.22%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VXC.TO vs. VWRL.L - Dividend Comparison

VXC.TO's dividend yield for the trailing twelve months is around 1.22%, less than VWRL.L's 1.24% yield.

PositionTTM20252024202320222021202020192018201720162015
VWRL.L
Vanguard FTSE All-World UCITS ETF Distributing		1.24%1.39%1.49%1.72%2.03%1.45%1.58%1.95%2.22%1.90%1.85%2.00%
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 VWRL.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.22% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

VXC.TO and VWRL.L have the same expense ratio: 0.22% per year.

VXC.TO tracks FTSE Global All Cap ex Canada China A Inclusion Index, while VWRL.L tracks MSCI ACWI NR USD.

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