WSHR.NEO vs. VDU.TO

Last updated Jun 5, 2026

WSHR.NEO (Wealthsimple Shariah World Equity Index ETF) and VDU.TO (Vanguard FTSE Developed All Cap ex U.S. Index ETF) are both Global Equities funds - WSHR.NEO tracks the Dow Jones Islamic Market Developed Markets Quality and Low Volatility Index while VDU.TO tracks the FTSE Developed All Cap ex US Index. Both are passively managed. Over the past 5 years, WSHR.NEO returned 7.02%/yr vs 12.05%/yr for VDU.TO. A 0.69 correlation means they provide meaningful diversification when combined. WSHR.NEO charges 0.56%/yr vs 0.22%/yr for VDU.TO.

Performance

WSHR.NEO vs. VDU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) and Vanguard FTSE Developed All Cap ex U.S. Index ETF (VDU.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WSHR.NEO achieves a 5.97% return, which is significantly lower than VDU.TO's 16.55% return.

WSHR.NEO

• 1D: 0.27%
• 1M: 3.61%
• YTD: 5.97%
• 6M: 4.74%
• 1Y: 9.08%
• 3Y*: 9.32%
• 5Y*: 7.02%
• 10Y*: —

VDU.TO

• 1D: 0.29%
• 1M: 6.07%
• YTD: 16.55%
• 6M: 17.23%
• 1Y: 33.32%
• 3Y*: 20.65%
• 5Y*: 12.05%
• 10Y*: 10.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WSHR.NEO vs. VDU.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WSHR.NEO Wealthsimple Shariah World Equity Index ETF	5.97%	5.34%	12.31%	11.88%	-10.32%	16.05%
VDU.TO Vanguard FTSE Developed All Cap ex U.S. Index ETF	16.55%	27.97%	11.37%	14.56%	-9.89%	8.12%

Correlation

The correlation between WSHR.NEO and VDU.TO is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since May 13, 2021	0.69

The correlation between WSHR.NEO and VDU.TO shifts across timeframes, from 0.58 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WSHR.NEO vs. VDU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WSHR.NEO

WSHR.NEO Risk / Return Rank: 24
WSHR.NEO Sharpe Ratio Rank: 24
WSHR.NEO Sortino Ratio Rank: 23
WSHR.NEO Omega Ratio Rank: 24
WSHR.NEO Calmar Ratio Rank: 23
WSHR.NEO Martin Ratio Rank: 26

VDU.TO

VDU.TO Risk / Return Rank: 68
VDU.TO Sharpe Ratio Rank: 71
VDU.TO Sortino Ratio Rank: 70
VDU.TO Omega Ratio Rank: 71
VDU.TO Calmar Ratio Rank: 60
VDU.TO Martin Ratio Rank: 67

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.

WSHR.NEO vs. VDU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) and Vanguard FTSE Developed All Cap ex U.S. Index ETF (VDU.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.

	WSHR.NEO	VDU.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.82	2.28	-1.46
Sortino ratio: Return per unit of downside risk	1.19	3.14	-1.95
Omega ratio: Gain probability vs. loss probability	1.16	1.42	-0.26
Calmar ratio: Return relative to maximum drawdown	1.02	2.92	-1.90
Martin ratio: Return relative to average drawdown	3.39	12.07	-8.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WSHR.NEO vs. VDU.TO - Sharpe Ratio Comparison

The current WSHR.NEO Sharpe Ratio is 0.82, which is lower than the VDU.TO Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of WSHR.NEO and VDU.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.

Sharpe Ratios by Period

	WSHR.NEO	VDU.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.82	2.28	-1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.90	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.70	0.00

Drawdowns

WSHR.NEO vs. VDU.TO - Drawdown Comparison

The maximum WSHR.NEO drawdown since its inception was -20.86%, smaller than the maximum VDU.TO drawdown of -29.19%. Use the drawdown chart below to compare losses from any high point for WSHR.NEO and VDU.TO.

Drawdown Indicators

	WSHR.NEO	VDU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-20.86%	-29.19%	+8.33%
Max Drawdown (1Y) Largest decline over 1 year	-8.96%	-11.47%	+2.51%
Max Drawdown (3Y) Largest decline over 3 years	-11.15%	-14.02%	+2.87%
Max Drawdown (5Y) Largest decline over 5 years	-20.86%	-24.10%	+3.24%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.19%	—
Current Drawdown Current decline from peak	-0.93%	-0.16%	-0.77%
Average Drawdown Average peak-to-trough decline	-4.81%	-4.66%	-0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	2.77%	-0.08%

Volatility

WSHR.NEO vs. VDU.TO - Volatility Comparison

The current volatility for Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) is 2.21%, while Vanguard FTSE Developed All Cap ex U.S. Index ETF (VDU.TO) has a volatility of 5.02%. This indicates that WSHR.NEO experiences smaller price fluctuations and is considered to be less risky than VDU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WSHR.NEO	VDU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.21%	5.02%	-2.81%
Volatility (6M) Calculated over the trailing 6-month period	7.80%	12.47%	-4.67%
Volatility (1Y) Calculated over the trailing 1-year period	11.10%	14.66%	-3.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.13%	13.50%	-2.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.11%	14.75%	-3.64%

WSHR.NEO vs. VDU.TO - Expense Ratio Comparison

WSHR.NEO has a 0.56% expense ratio, which is higher than VDU.TO's 0.22% expense ratio.

Dividends

WSHR.NEO vs. VDU.TO - Dividend Comparison

WSHR.NEO's dividend yield for the trailing twelve months is around 1.32%, less than VDU.TO's 2.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VDU.TO Vanguard FTSE Developed All Cap ex U.S. Index ETF	2.09%	2.61%	2.55%	2.54%	2.14%	2.67%	1.64%	2.48%	2.61%	2.26%	2.41%	2.25%
WSHR.NEO Wealthsimple Shariah World Equity Index ETF	1.32%	1.34%	1.31%	1.34%	2.58%	0.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WSHR.NEO and VDU.TO in my portfolio?

WSHR.NEO and VDU.TO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WSHR.NEO or VDU.TO?

On fees, VDU.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WSHR.NEO or VDU.TO?

VDU.TO is cheaper with a 0.22% expense ratio, compared with 0.56% for WSHR.NEO.

What is the main difference between WSHR.NEO and VDU.TO?

WSHR.NEO tracks Dow Jones Islamic Market Developed Markets Quality and Low Volatility Index, while VDU.TO tracks FTSE Developed All Cap ex US Index. They also come from different issuers: Mackenzie and Vanguard. Their fees differ too: 0.56% for WSHR.NEO and 0.22% for VDU.TO.