VEQT vs VGRO: which ETF is better?
Vanguard All-Equity ETF Portfolio (VEQT) and Vanguard Growth ETF Portfolio (VGRO) compared on fees, holdings overlap, dividend yield, returns and risk, using the latest data.
- VEQT and VGRO have very high overlap: 81% of each fund by weight sits in the same holdings.
- Both charge the same expense ratio, 0.22% a year.
- Over the last 5 years, VEQT returned an average of 12.1% a year against 9.5% for VGRO, with dividends reinvested.
- VGRO pays more income, yielding 1.79% over the last 12 months against 1.26% for VEQT.
- Overlap by weight
- 81.0%
- Shared holdings
- 11,697
| VEQT | VGRO | |
|---|---|---|
| Name | Vanguard All-Equity ETF Portfolio | Vanguard Growth ETF Portfolio |
| Issuer | Vanguard | Vanguard |
| Listed on | Toronto Stock Exchange · CAD | Toronto Stock Exchange · CAD |
| Expense ratio | 0.22% | 0.22% |
| Assets (AUM) | C$17.6B | C$10.9B |
| Launched | Jan 29, 2019 | Jan 25, 2018 |
| Holdings | 11,729 | 11,727 |
| Dividend yield (12m) | 1.26% · annual | 1.79% · quarterly |
| Asset class | Multi-Asset | Multi-Asset |
| Annualised return | VEQT | VGRO |
|---|---|---|
| 1 year | +14.1% | +10.7% |
| 3 years | +21.6% | +17.8% |
| 5 years | +12.1% | +9.5% |
| 10 years | — | — |
| Volatility | 12.9% | 10.6% |
| Max drawdown | -30.5% | -25.4% |
Volatility is the annualised standard deviation of daily returns over 3 years. Max drawdown is the largest fall from a peak over the last 10 years, or since launch.
| Holding | VEQT | VGRO |
|---|---|---|
| NVDANVIDIA Corp | 3.27% | 2.67% |
| AAPLApple Inc | 3.04% | 2.48% |
| MSFTMicrosoft Corp | 2.38% | 1.95% |
| RY.TORoyal Bank of Canada | 2.36% | 1.91% |
| TD.TOToronto-Dominion Bank/The | 1.66% | 1.34% |
| SHOP.TOShopify Inc | 1.56% | 1.26% |
| AMZNAmazon.com Inc | 1.51% | 1.24% |
| GOOGLAlphabet Inc | 1.27% | 1.03% |
| 2330.TWTaiwan Semiconductor Manufacturing Co Ltd | 1.13% | 0.90% |
| AVGOBroadcom Inc | 1.05% | 0.85% |
Pull each fund's details, full price history and holdings into Google Sheets or Excel, so your comparison updates itself.
=SF("VEQT.TO","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("VEQT.TO","2019-02-01",TODAY(),"dailyAdj")=SF("VGRO.TO","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("VGRO.TO","2019-02-01",TODAY(),"dailyAdj")Prices to Nov 6, 2026; holdings last checked Nov 6, 2026. Returns are in each fund's trading currency (CAD). Past performance doesn't predict future returns. For information only, not investment advice.
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VEQT vs VGRO: frequently asked questions
How much do VEQT and VGRO overlap?
81.0% by weight. They share 11,697 holdings, and that share of each fund is invested in exactly the same positions. That's very high, so holding both adds little diversification.
Is VEQT or VGRO cheaper?
They cost the same: both have an expense ratio of 0.22% a year.
Which has performed better, VEQT or VGRO?
Over the last 5 years, VEQT has. VEQT returned 12.1% and VGRO 9.5% a year on average, including reinvested dividends, as of Nov 6, 2026. Past returns don't predict future ones.
Which pays a higher dividend, VEQT or VGRO?
VGRO does. Over the last 12 months VEQT yielded 1.26%, paid annual, and VGRO 1.79%, paid quarterly.
Should I hold both VEQT and VGRO?
Holding both mostly doubles up on the same stocks, since 81% of each fund is in the same positions. Most investors pick one, often the cheaper one. This is general information, not advice.
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