PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
WSHR.NEO vs. VEF.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

WSHR.NEO vs. VEF.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) and Vanguard FTSE Developed All Cap Ex US (VEF.TO).

WSHR.NEO and VEF.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WSHR.NEO is a passively managed fund by Mackenzie that tracks the performance of the Dow Jones Islamic Market Developed Markets Quality and Low Volatility Index. It was launched on May 12, 2021. VEF.TO is a passively managed fund by Vanguard that tracks the performance of the Spliced FTSE Developed ex US Index Hedged in CAD. It was launched on Nov 30, 2011. Both WSHR.NEO and VEF.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.

Performance

WSHR.NEO vs. VEF.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 US (VEF.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

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

2026 (YTD)20252024202320222021
WSHR.NEO
Wealthsimple Shariah World Equity Index ETF		1.81%5.34%12.31%11.88%-10.32%16.05%
VEF.TO
Vanguard FTSE Developed All Cap Ex US		5.64%24.61%10.91%18.02%-7.54%8.91%

Returns By Period

In the year-to-date period, WSHR.NEO achieves a 1.81% return, which is significantly lower than VEF.TO's 5.64% return.

WSHR.NEO

1D
2.20%
1M
-4.57%
YTD
1.81%
6M
1.00%
1Y
3.19%
3Y*
8.19%
5Y*
—
10Y*
—

VEF.TO

1D
1.47%
1M
-4.17%
YTD
5.64%
6M
12.04%
1Y
27.38%
3Y*
16.79%
5Y*
11.44%
10Y*
10.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Wealthsimple Shariah World Equity Index ETF

Vanguard FTSE Developed All Cap Ex US

Often compared with WSHR.NEO:
WSHR.NEO vs. SPUSWSHR.NEO vs. XEQT.TOWSHR.NEO vs. SPYWSHR.NEO vs. UMMAWSHR.NEO vs. SPWOWSHR.NEO vs. XST.TOWSHR.NEO vs. XMV.TO
Often compared with VEF.TO:
VEF.TO vs. XEF.TOVEF.TO vs. VDU.TOVEF.TO vs. VEAVEF.TO vs. VFV.TOVEF.TO vs. VXUSVEF.TO vs. XEH.TOVEF.TO vs. VUG

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

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

WSHR.NEO
Wealthsimple Shariah World Equity Index ETF
VEF.TO
Vanguard FTSE Developed All Cap Ex US

Return for Risk

WSHR.NEO vs. VEF.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: 1717
Overall Rank
WSHR.NEO Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
WSHR.NEO Sortino Ratio Rank: 1616
Sortino Ratio Rank
WSHR.NEO Omega Ratio Rank: 1616
Omega Ratio Rank
WSHR.NEO Calmar Ratio Rank: 1818
Calmar Ratio Rank
WSHR.NEO Martin Ratio Rank: 1919
Martin Ratio Rank
VEF.TO
VEF.TO Risk / Return Rank: 8484
Overall Rank
VEF.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
VEF.TO Sortino Ratio Rank: 8484
Sortino Ratio Rank
VEF.TO Omega Ratio Rank: 8787
Omega Ratio Rank
VEF.TO Calmar Ratio Rank: 8282
Calmar Ratio Rank
VEF.TO Martin Ratio Rank: 8585
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.

WSHR.NEO vs. VEF.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 US (VEF.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.NEOVEF.TODifference

Sharpe ratio

Return per unit of total volatility

0.23

1.69

-1.46

Sortino ratio

Return per unit of downside risk

0.40

2.30

-1.90

Omega ratio

Gain probability vs. loss probability

1.06

1.36

-0.31

Calmar ratio

Return relative to maximum drawdown

0.30

2.48

-2.18

Martin ratio

Return relative to average drawdown

0.99

10.40

-9.41

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. VEF.TO - Sharpe Ratio Comparison

The current WSHR.NEO Sharpe Ratio is 0.23, which is lower than the VEF.TO Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of WSHR.NEO and VEF.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

WSHR.NEOVEF.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.23

1.69

-1.46

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.87

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.69

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.67

-0.03

Correlation

The correlation between WSHR.NEO and VEF.TO is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

WSHR.NEO vs. VEF.TO - Dividend Comparison

WSHR.NEO's dividend yield for the trailing twelve months is around 1.37%, less than VEF.TO's 2.25% yield.

TTM20252024202320222021202020192018201720162015
WSHR.NEO
Wealthsimple Shariah World Equity Index ETF		1.37%1.34%1.31%1.34%2.58%0.44%0.00%0.00%0.00%0.00%0.00%0.00%
VEF.TO
Vanguard FTSE Developed All Cap Ex US		2.25%2.61%2.55%2.50%2.21%2.55%1.73%2.41%2.64%2.21%2.31%2.39%

Drawdowns

WSHR.NEO vs. VEF.TO - Drawdown Comparison

The maximum WSHR.NEO drawdown since its inception was -20.86%, smaller than the maximum VEF.TO drawdown of -33.03%. Use the drawdown chart below to compare losses from any high point for WSHR.NEO and VEF.TO.

Loading graphics...

Drawdown Indicators

WSHR.NEOVEF.TODifference

Max Drawdown

Largest peak-to-trough decline

-20.86%

-33.03%

+12.17%

Max Drawdown (1Y)

Largest decline over 1 year

-9.72%

-11.16%

+1.44%

Max Drawdown (5Y)

Largest decline over 5 years

—

-16.35%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.03%

—

Current Drawdown

Current decline from peak

-4.82%

-5.16%

+0.34%

Average Drawdown

Average peak-to-trough decline

-4.87%

-4.30%

-0.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.96%

2.66%

+0.30%

Volatility

WSHR.NEO vs. VEF.TO - Volatility Comparison

The current volatility for Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) is 4.92%, while Vanguard FTSE Developed All Cap Ex US (VEF.TO) has a volatility of 6.49%. This indicates that WSHR.NEO experiences smaller price fluctuations and is considered to be less risky than VEF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

WSHR.NEOVEF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.92%

6.49%

-1.57%

Volatility (6M)

Calculated over the trailing 6-month period

9.01%

10.07%

-1.06%

Volatility (1Y)

Calculated over the trailing 1-year period

14.21%

16.29%

-2.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.18%

13.29%

-2.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.18%

15.47%

-4.29%