WSHR.NEO vs. VMO.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) and Vanguard Global Momentum Factor ETF CAD (VMO.TO).

WSHR.NEO and VMO.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. VMO.TO is an actively managed fund by Vanguard. It was launched on Jun 14, 2016.

Performance

WSHR.NEO vs. VMO.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 Global Momentum Factor ETF CAD (VMO.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022	2021
WSHR.NEO Wealthsimple Shariah World Equity Index ETF	1.81%	5.34%	12.31%	11.88%	-10.32%	16.05%
VMO.TO Vanguard Global Momentum Factor ETF CAD	7.02%	23.20%	29.68%	14.93%	-9.09%	15.67%

Returns By Period

In the year-to-date period, WSHR.NEO achieves a 1.81% return, which is significantly lower than VMO.TO's 7.02% return.

WSHR.NEO

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

VMO.TO

• 1D: 1.91%
• 1M: -3.89%
• YTD: 7.02%
• 6M: 8.01%
• 1Y: 35.97%
• 3Y*: 24.86%
• 5Y*: 14.23%
• 10Y*: —

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

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

WSHR.NEO has a 0.56% expense ratio, which is higher than VMO.TO's 0.38% expense ratio.

WSHR.NEO

Wealthsimple Shariah World Equity Index ETF

VMO.TO

Vanguard Global Momentum Factor ETF CAD

Return for Risk

WSHR.NEO vs. VMO.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: 17
WSHR.NEO Sharpe Ratio Rank: 17
WSHR.NEO Sortino Ratio Rank: 16
WSHR.NEO Omega Ratio Rank: 16
WSHR.NEO Calmar Ratio Rank: 18
WSHR.NEO Martin Ratio Rank: 19

VMO.TO

VMO.TO Risk / Return Rank: 82
VMO.TO Sharpe Ratio Rank: 81
VMO.TO Sortino Ratio Rank: 79
VMO.TO Omega Ratio Rank: 76
VMO.TO Calmar Ratio Rank: 87
VMO.TO Martin Ratio Rank: 87

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. VMO.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 Global Momentum Factor ETF CAD (VMO.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	VMO.TO	Difference
Sharpe ratio Return per unit of total volatility	0.23	1.60	-1.37
Sortino ratio Return per unit of downside risk	0.40	2.12	-1.72
Omega ratio Gain probability vs. loss probability	1.06	1.30	-0.24
Calmar ratio Return relative to maximum drawdown	0.30	2.87	-2.57
Martin ratio Return relative to average drawdown	0.99	11.12	-10.13
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. VMO.TO - Sharpe Ratio Comparison

The current WSHR.NEO Sharpe Ratio is 0.23, which is lower than the VMO.TO Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of WSHR.NEO and VMO.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.

Sharpe Ratios by Period

	WSHR.NEO	VMO.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.23	1.60	-1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.80	-0.16

Correlation

The correlation between WSHR.NEO and VMO.TO is 0.57, 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. VMO.TO - Dividend Comparison

WSHR.NEO's dividend yield for the trailing twelve months is around 1.37%, more than VMO.TO's 0.80% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
VMO.TO Vanguard Global Momentum Factor ETF CAD	0.80%	0.85%	0.90%	1.03%	1.65%	1.09%	0.70%	1.70%	0.80%	1.15%	0.51%

Drawdowns

WSHR.NEO vs. VMO.TO - Drawdown Comparison

The maximum WSHR.NEO drawdown since its inception was -20.86%, smaller than the maximum VMO.TO drawdown of -30.53%. Use the drawdown chart below to compare losses from any high point for WSHR.NEO and VMO.TO.

Drawdown Indicators

	WSHR.NEO	VMO.TO	Difference
Max Drawdown Largest peak-to-trough decline	-20.86%	-30.53%	+9.67%
Max Drawdown (1Y) Largest decline over 1 year	-9.72%	-12.29%	+2.57%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.27%	—
Current Drawdown Current decline from peak	-4.82%	-4.38%	-0.44%
Average Drawdown Average peak-to-trough decline	-4.87%	-5.28%	+0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	3.17%	-0.21%

Volatility

WSHR.NEO vs. VMO.TO - Volatility Comparison

The current volatility for Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) is 4.92%, while Vanguard Global Momentum Factor ETF CAD (VMO.TO) has a volatility of 9.18%. This indicates that WSHR.NEO experiences smaller price fluctuations and is considered to be less risky than VMO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WSHR.NEO	VMO.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.92%	9.18%	-4.26%
Volatility (6M) Calculated over the trailing 6-month period	9.01%	15.91%	-6.90%
Volatility (1Y) Calculated over the trailing 1-year period	14.21%	22.60%	-8.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.18%	17.55%	-6.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.18%	17.87%	-6.69%