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XUS.TO vs. VEQT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XUS.TO vs. VEQT.TO

Last updated Jun 14, 2026

XUS.TO (iShares Core S&P 500 Index ETF) and VEQT.TO (Vanguard All-Equity ETF Portfolio) are both exchange-traded funds - XUS.TO is a S&P 500 fund tracking the S&P 500 Index, while VEQT.TO is a Global Equities fund actively managed by Vanguard. XUS.TO is passively managed, while VEQT.TO is actively managed. Over the past 5 years, XUS.TO returned 17.34%/yr vs 13.79%/yr for VEQT.TO. Their correlation of 0.90 suggests significant overlap in exposure. XUS.TO charges 0.09%/yr vs 0.24%/yr for VEQT.TO.

Performance

XUS.TO vs. VEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core S&P 500 Index ETF (XUS.TO) and Vanguard All-Equity ETF Portfolio (VEQT.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XUS.TO achieves a 11.06% return, which is significantly lower than VEQT.TO's 12.47% return.

XUS.TO

1D
0.70%
1M
1.05%
YTD
11.06%
6M
11.01%
1Y
29.23%
3Y*
23.38%
5Y*
17.34%
10Y*
17.59%

VEQT.TO

1D
0.68%
1M
2.03%
YTD
12.47%
6M
12.94%
1Y
31.77%
3Y*
21.97%
5Y*
13.79%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XUS.TO vs. VEQT.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XUS.TO
iShares Core S&P 500 Index ETF		11.06%12.19%35.81%24.87%-11.33%28.81%17.22%21.91%
VEQT.TO
Vanguard All-Equity ETF Portfolio		12.47%20.37%24.98%16.71%-10.76%19.62%11.43%13.06%

Correlation

The correlation between XUS.TO and VEQT.TO is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.88

Correlation (3Y)
Calculated over the trailing 3-year period

0.88

Correlation (5Y)
Calculated over the trailing 5-year period

0.90

Correlation (All Time)
Calculated using the full available price history since Feb 5, 2019

0.90

The correlation between XUS.TO and VEQT.TO has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.

XUS.TO vs. VEQT.TO - Sectors Allocation Comparison

Sectors
XUS.TO
VEQT.TO

Technology

36.2%
20.3%

Financial Services

11.9%
20.7%

Communication Services

10.9%
6.0%

Consumer Cyclical

10.1%
7.8%

Healthcare

8.4%
6.6%

Industrials

8.1%
11.6%

Consumer Defensive

4.9%
4.5%

Energy

3.5%
8.7%

Utilities

2.3%
2.8%

Real Estate

1.9%
2.2%

Basic Materials

1.8%
8.6%

Technology

XUS.TO
36.2%
VEQT.TO
20.3%

Financial Services

XUS.TO
11.9%
VEQT.TO
20.7%

Communication Services

XUS.TO
10.9%
VEQT.TO
6.0%

Consumer Cyclical

XUS.TO
10.1%
VEQT.TO
7.8%

Healthcare

XUS.TO
8.4%
VEQT.TO
6.6%

Industrials

XUS.TO
8.1%
VEQT.TO
11.6%

Consumer Defensive

XUS.TO
4.9%
VEQT.TO
4.5%

Energy

XUS.TO
3.5%
VEQT.TO
8.7%

Utilities

XUS.TO
2.3%
VEQT.TO
2.8%

Real Estate

XUS.TO
1.9%
VEQT.TO
2.2%

Basic Materials

XUS.TO
1.8%
VEQT.TO
8.6%

Compare stocks, funds, or ETFs

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iShares Core S&P 500 Index ETF

Vanguard All-Equity ETF Portfolio

Often compared with XUS.TO:
XUS.TO vs. XSP.TOXUS.TO vs. XEQT.TOXUS.TO vs. XUU.TOXUS.TO vs. ZSP.TOXUS.TO vs. VOOXUS.TO vs. XEF.TOXUS.TO vs. HXS.TO
Often compared with VEQT.TO:
VEQT.TO vs. XEQT.TOVEQT.TO vs. VFV.TOVEQT.TO vs. VGRO.TOVEQT.TO vs. VOOVEQT.TO vs. ZEQT.TOVEQT.TO vs. SPYVEQT.TO vs. VBAL.TO

Return for Risk

XUS.TO vs. VEQT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XUS.TO
XUS.TO Risk / Return Rank: 7979
Overall Rank
XUS.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
XUS.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
XUS.TO Omega Ratio Rank: 8383
Omega Ratio Rank
XUS.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
XUS.TO Martin Ratio Rank: 7474
Martin Ratio Rank
VEQT.TO
VEQT.TO Risk / Return Rank: 8686
Overall Rank
VEQT.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
VEQT.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
VEQT.TO Omega Ratio Rank: 8686
Omega Ratio Rank
VEQT.TO Calmar Ratio Rank: 8282
Calmar Ratio Rank
VEQT.TO Martin Ratio Rank: 8787
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.

XUS.TO vs. VEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 Index ETF (XUS.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

XUS.TOVEQT.TODifference
Sharpe ratioReturn per unit of total volatility
2.32
2.50

-0.19

Sortino ratioReturn per unit of downside risk
3.11
3.40

-0.29

Omega ratioGain probability vs. loss probability

1.43

1.46

-0.03

Calmar ratioReturn relative to maximum drawdown

3.22

3.78

-0.57

Martin ratioReturn relative to average drawdown

12.06

16.35

-4.29

XUS.TO vs. VEQT.TO - Sharpe Ratio Comparison

The current XUS.TO Sharpe Ratio is 2.32, which is comparable to the VEQT.TO Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of XUS.TO and VEQT.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.

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Drawdowns

XUS.TO vs. VEQT.TO - Drawdown Comparison

The maximum XUS.TO drawdown since its inception was -27.24%, smaller than the maximum VEQT.TO drawdown of -30.45%. Use the drawdown chart below to compare losses from any high point for XUS.TO and VEQT.TO.

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Drawdown Indicators

XUS.TOVEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.24%

-30.45%

+3.21%

Max Drawdown (1Y)

Largest decline over 1 year

-8.63%

-8.05%

-0.58%

Max Drawdown (3Y)

Largest decline over 3 years

-18.96%

-15.46%

-3.50%

Max Drawdown (5Y)

Largest decline over 5 years

-21.29%

-18.32%

-2.97%

Max Drawdown (10Y)

Largest decline over 10 years

-27.24%

—

—

Current Drawdown

Current decline from peak

-1.50%

-0.84%

-0.66%

Average Drawdown

Average peak-to-trough decline

-3.24%

-3.70%

+0.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.30%

1.86%

+0.44%

Volatility

XUS.TO vs. VEQT.TO - Volatility Comparison

The current volatility for iShares Core S&P 500 Index ETF (XUS.TO) is 4.54%, while Vanguard All-Equity ETF Portfolio (VEQT.TO) has a volatility of 5.00%. This indicates that XUS.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.

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Volatility by Period

XUS.TOVEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.54%

5.00%

-0.46%

Volatility (6M)

Calculated over the trailing 6-month period

9.33%

10.08%

-0.75%

Volatility (1Y)

Calculated over the trailing 1-year period

11.98%

12.18%

-0.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.06%

12.99%

+2.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.54%

15.80%

+0.74%

XUS.TO vs. VEQT.TO - Expense Ratio Comparison

XUS.TO has a 0.09% expense ratio, which is lower than VEQT.TO's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XUS.TO vs. VEQT.TO - Dividend Comparison

XUS.TO's dividend yield for the trailing twelve months is around 1.13%, less than VEQT.TO's 1.26% yield.

PositionTTM20252024202320222021202020192018201720162015
VEQT.TO
Vanguard All-Equity ETF Portfolio		1.26%1.42%1.58%1.88%2.09%1.40%1.48%1.43%0.00%0.00%0.00%0.00%
XUS.TO
iShares Core S&P 500 Index ETF		1.13%1.26%1.45%2.43%2.76%1.99%2.70%4.05%3.55%2.96%3.32%3.41%

Frequently Asked Questions

XUS.TO and VEQT.TO have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XUS.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XUS.TO is cheaper with a 0.09% expense ratio, compared with 0.24% for VEQT.TO.

XUS.TO is categorized as S&P 500, while VEQT.TO is Global Equities. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.09% for XUS.TO and 0.24% for VEQT.TO.

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