WSHR.NEO vs. VVO.TO
Compare and contrast key facts about Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) and Vanguard Global Minimum Volatility ETF (VVO.TO).
WSHR.NEO and VVO.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. VVO.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Global All Cap Index. It was launched on Jun 14, 2016. Both WSHR.NEO and VVO.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. VVO.TO - Performance Comparison
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WSHR.NEO vs. VVO.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% |
VVO.TO Vanguard Global Minimum Volatility ETF | 1.96% | 9.74% | 13.56% | 4.87% | -5.18% | 6.69% |
Returns By Period
In the year-to-date period, WSHR.NEO achieves a 1.81% return, which is significantly lower than VVO.TO's 1.96% return.
WSHR.NEO
- 1D
- 2.20%
- 1M
- -4.57%
- YTD
- 1.81%
- 6M
- 1.00%
- 1Y
- 3.19%
- 3Y*
- 8.19%
- 5Y*
- —
- 10Y*
- —
VVO.TO
- 1D
- 0.02%
- 1M
- -4.98%
- YTD
- 1.96%
- 6M
- 2.71%
- 1Y
- 6.84%
- 3Y*
- 10.10%
- 5Y*
- 5.95%
- 10Y*
- —
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WSHR.NEO vs. VVO.TO - Expense Ratio Comparison
WSHR.NEO has a 0.56% expense ratio, which is higher than VVO.TO's 0.39% expense ratio.
Return for Risk
WSHR.NEO vs. VVO.TO — Risk / Return Rank
WSHR.NEO
VVO.TO
WSHR.NEO vs. VVO.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 Minimum Volatility ETF (VVO.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 | VVO.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.23 | 0.65 | -0.43 |
Sortino ratioReturn per unit of downside risk | 0.40 | 0.94 | -0.54 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.15 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.30 | 1.04 | -0.74 |
Martin ratioReturn relative to average drawdown | 0.99 | 4.21 | -3.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WSHR.NEO | VVO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 0.65 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.56 | +0.08 |
Correlation
The correlation between WSHR.NEO and VVO.TO is 0.46, 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. VVO.TO - Dividend Comparison
WSHR.NEO's dividend yield for the trailing twelve months is around 1.37%, less than VVO.TO's 2.09% 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% |
VVO.TO Vanguard Global Minimum Volatility ETF | 2.09% | 2.13% | 2.05% | 2.68% | 1.55% | 2.30% | 2.23% | 2.22% | 1.87% | 2.07% | 0.71% |
Drawdowns
WSHR.NEO vs. VVO.TO - Drawdown Comparison
The maximum WSHR.NEO drawdown since its inception was -20.86%, smaller than the maximum VVO.TO drawdown of -33.20%. Use the drawdown chart below to compare losses from any high point for WSHR.NEO and VVO.TO.
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Drawdown Indicators
| WSHR.NEO | VVO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.86% | -33.20% | +12.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.72% | -6.98% | -2.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.37% | — |
Current DrawdownCurrent decline from peak | -4.82% | -4.98% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -3.47% | -1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 1.73% | +1.23% |
Volatility
WSHR.NEO vs. VVO.TO - Volatility Comparison
Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) has a higher volatility of 4.92% compared to Vanguard Global Minimum Volatility ETF (VVO.TO) at 3.45%. This indicates that WSHR.NEO's price experiences larger fluctuations and is considered to be riskier than VVO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WSHR.NEO | VVO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 3.45% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 9.01% | 5.81% | +3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.21% | 10.53% | +3.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.18% | 9.82% | +1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.18% | 12.15% | -0.97% |