XCV.TO vs. VEQT.TO
XCV.TO (iShares Canadian Value Index ETF) and VEQT.TO (Vanguard All-Equity ETF Portfolio) are both exchange-traded funds - XCV.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD, while VEQT.TO is a Global Equities fund actively managed by Vanguard. XCV.TO is passively managed, while VEQT.TO is actively managed. Over the past 5 years, XCV.TO returned 17.83%/yr vs 14.01%/yr for VEQT.TO. A 0.61 correlation means they provide meaningful diversification when combined. XCV.TO charges 0.55%/yr vs 0.24%/yr for VEQT.TO.
Performance
XCV.TO vs. VEQT.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XCV.TO achieves a 19.17% return, which is significantly higher than VEQT.TO's 12.75% return.
XCV.TO
- 1D
- -0.02%
- 1M
- 4.70%
- YTD
- 19.17%
- 6M
- 19.26%
- 1Y
- 44.26%
- 3Y*
- 27.30%
- 5Y*
- 17.83%
- 10Y*
- 13.20%
VEQT.TO
- 1D
- -0.54%
- 1M
- 6.10%
- YTD
- 12.75%
- 6M
- 12.66%
- 1Y
- 31.65%
- 3Y*
- 22.37%
- 5Y*
- 14.01%
- 10Y*
- —
XCV.TO vs. VEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XCV.TO iShares Canadian Value Index ETF | 19.17% | 32.17% | 21.26% | 9.47% | 1.87% | 32.71% | -2.56% | 9.09% |
VEQT.TO Vanguard All-Equity ETF Portfolio | 12.75% | 20.37% | 24.73% | 16.70% | -10.76% | 19.62% | 11.42% | 12.94% |
Correlation
The correlation between XCV.TO and VEQT.TO is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2019 | 0.61 |
The correlation between XCV.TO and VEQT.TO has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XCV.TO vs. VEQT.TO — Risk / Return Rank
XCV.TO
VEQT.TO
XCV.TO vs. VEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Value Index ETF (XCV.TO) and Vanguard All-Equity ETF Portfolio (VEQT.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.
| XCV.TO | VEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.23 | ||
| Sortino ratioReturn per unit of downside risk | +2.85 | ||
| Omega ratioGain probability vs. loss probability | 2.03 | 1.51 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 11.53 | 3.95 | +7.58 |
| Martin ratioReturn relative to average drawdown | 43.47 | 17.38 | +26.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XCV.TO | VEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.97 | 2.74 | +2.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.39 | 1.09 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.91 | -0.37 |
Drawdowns
XCV.TO vs. VEQT.TO - Drawdown Comparison
The maximum XCV.TO drawdown since its inception was -52.49%, which is greater than VEQT.TO's maximum drawdown of -30.45%. Use the drawdown chart below to compare losses from any high point for XCV.TO and VEQT.TO.
Loading charts...
Drawdown Indicators
| XCV.TO | VEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.49% | -30.45% | -22.04% |
Max Drawdown (1Y)Largest decline over 1 year | -3.86% | -8.05% | +4.19% |
Max Drawdown (3Y)Largest decline over 3 years | -9.71% | -15.46% | +5.75% |
Max Drawdown (5Y)Largest decline over 5 years | -18.08% | -18.32% | +0.24% |
Max Drawdown (10Y)Largest decline over 10 years | -41.18% | — | — |
Current DrawdownCurrent decline from peak | -0.89% | -0.54% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -6.67% | -3.71% | -2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.83% | -0.81% |
Volatility
XCV.TO vs. VEQT.TO - Volatility Comparison
The current volatility for iShares Canadian Value Index ETF (XCV.TO) is 3.27%, while Vanguard All-Equity ETF Portfolio (VEQT.TO) has a volatility of 3.68%. This indicates that XCV.TO experiences smaller price fluctuations and is considered to be less risky than VEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XCV.TO | VEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 3.68% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | 9.37% | -1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.96% | 11.61% | -2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.87% | 12.90% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 15.77% | -0.23% |
XCV.TO vs. VEQT.TO - Expense Ratio Comparison
XCV.TO has a 0.55% expense ratio, which is higher than VEQT.TO's 0.24% expense ratio.
Dividends
XCV.TO vs. VEQT.TO - Dividend Comparison
XCV.TO's dividend yield for the trailing twelve months is around 2.29%, more than VEQT.TO's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEQT.TO Vanguard All-Equity ETF Portfolio | 1.26% | 1.42% | 1.58% | 1.88% | 2.09% | 1.40% | 1.48% | 1.42% | 0.00% | 0.00% | 0.00% | 0.00% |
XCV.TO iShares Canadian Value Index ETF | 2.29% | 2.71% | 3.72% | 3.88% | 3.18% | 2.11% | 3.35% | 3.06% | 3.13% | 2.40% | 2.50% | 3.14% |
Frequently Asked Questions
XCV.TO and VEQT.TO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEQT.TO is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEQT.TO is cheaper with a 0.24% expense ratio, compared with 0.55% for XCV.TO.
XCV.TO is categorized as Canada Equities, while VEQT.TO is Global Equities. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.55% for XCV.TO and 0.24% for VEQT.TO.
Find the right allocation for XCV.TO and VEQT.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer