VXC.TO vs. XAW.TO
Compare and contrast key facts about Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) and iShares Core MSCI All Country World ex Canada Index ETF (XAW.TO).
VXC.TO and XAW.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VXC.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Global All Cap ex Canada China A Inclusion Index. It was launched on Jun 30, 2014. XAW.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Feb 10, 2015. Both VXC.TO and XAW.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VXC.TO or XAW.TO.
Key characteristics
| VXC.TO | XAW.TO | |
|---|---|---|
| YTD Return | 17.45% | 17.94% |
| 1Y Return | 24.65% | 24.90% |
| 3Y Return (Ann) | 7.63% | 8.32% |
| 5Y Return (Ann) | 11.57% | 11.65% |
| Sharpe Ratio | 2.36 | 2.41 |
| Daily Std Dev | 10.18% | 10.08% |
| Max Drawdown | -27.28% | -27.32% |
| Current Drawdown | -0.88% | -0.96% |
Correlation
The correlation between VXC.TO and XAW.TO is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VXC.TO vs. XAW.TO - Performance Comparison
The year-to-date returns for both investments are quite close, with VXC.TO having a 17.45% return and XAW.TO slightly higher at 17.94%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VXC.TO vs. XAW.TO - Expense Ratio Comparison
Both VXC.TO and XAW.TO 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%.
Risk-Adjusted Performance
VXC.TO vs. XAW.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) and iShares Core MSCI All Country World ex Canada Index ETF (XAW.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.
Dividends
VXC.TO vs. XAW.TO - Dividend Comparison
VXC.TO's dividend yield for the trailing twelve months is around 1.50%, less than XAW.TO's 1.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
VXC.TO Vanguard FTSE Global All Cap ex Canada Index ETF | 1.50% | 1.69% | 1.82% | 1.49% | 1.46% | 1.80% | 1.94% | 1.68% | 1.86% | 1.83% | 0.84% |
XAW.TO iShares Core MSCI All Country World ex Canada Index ETF | 1.55% | 1.71% | 1.79% | 1.77% | 1.49% | 2.02% | 2.29% | 1.92% | 1.80% | 1.83% | 0.00% |
Drawdowns
VXC.TO vs. XAW.TO - Drawdown Comparison
The maximum VXC.TO drawdown since its inception was -27.28%, roughly equal to the maximum XAW.TO drawdown of -27.32%. Use the drawdown chart below to compare losses from any high point for VXC.TO and XAW.TO. For additional features, visit the drawdowns tool.
Volatility
VXC.TO vs. XAW.TO - Volatility Comparison
Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) and iShares Core MSCI All Country World ex Canada Index ETF (XAW.TO) have volatilities of 3.95% and 3.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.