VFV vs VSP: which ETF is better?
Vanguard S&P 500 Index ETF (VFV) and Vanguard S&P 500 Index ETF (CAD-hedged) (VSP) compared on fees, holdings overlap, dividend yield, returns and risk, using the latest data.
- VFV and VSP have very high overlap: 100% of each fund by weight sits in the same holdings.
- Both charge the same expense ratio, 0.08% a year.
- Over the last 10 years, VFV returned an average of 15.6% a year against 13.5% for VSP, with dividends reinvested.
- Overlap by weight
- 100.0%
- Shared holdings
- 505
| VFV | VSP | |
|---|---|---|
| Name | Vanguard S&P 500 Index ETF | Vanguard S&P 500 Index ETF (CAD-hedged) |
| Issuer | Vanguard | Vanguard |
| Listed on | Toronto Stock Exchange · CAD | Toronto Stock Exchange · CAD |
| Expense ratio | 0.08% | 0.08% |
| Assets (AUM) | C$35.9B | C$6.3B |
| Launched | Nov 2, 2012 | Nov 2, 2012 |
| Holdings | 505 | 505 |
| Dividend yield (12m) | 0.88% · quarterly | 0.90% · quarterly |
| Asset class | Equity | Equity |
| Annualised return | VFV | VSP |
|---|---|---|
| 1 year | +10.9% | +8.5% |
| 3 years | +21.6% | +18.4% |
| 5 years | +13.5% | +9.2% |
| 10 years | +15.6% | +13.5% |
| Volatility | 14.7% | 15.1% |
| Max drawdown | -27.4% | -35.5% |
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 | VFV | VSP |
|---|---|---|
| NVDANVIDIA Corp | 8.39% | 8.39% |
| AAPLApple Inc | 7.38% | 7.38% |
| MSFTMicrosoft Corp | 5.78% | 5.78% |
| AMZNAmazon.com Inc | 3.71% | 3.71% |
| GOOGLAlphabet Inc | 3.07% | 3.07% |
| AVGOBroadcom Inc | 2.54% | 2.54% |
| GOOGAlphabet Inc | 2.45% | 2.45% |
| METAMeta Platforms Inc | 2.43% | 2.43% |
| MUMicron Technology Inc | 1.83% | 1.83% |
| TSLATesla Inc | 1.52% | 1.52% |
Pull each fund's details, full price history and holdings into Google Sheets or Excel, so your comparison updates itself.
=SF("VFV.TO","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("VFV.TO","2016-10-01",TODAY(),"dailyAdj")=SF("VSP.TO","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("VSP.TO","2016-10-01",TODAY(),"dailyAdj")Prices to Nov 6, 2026; holdings last checked Nov 8, 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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VFV vs VSP: frequently asked questions
How much do VFV and VSP overlap?
100.0% by weight. They share 505 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 VFV or VSP cheaper?
They cost the same: both have an expense ratio of 0.08% a year.
Which has performed better, VFV or VSP?
Over the last 10 years, VFV has. VFV returned 15.6% and VSP 13.5% a year on average, including reinvested dividends, as of Nov 6, 2026. Past returns don't predict future ones.
Which pays a higher dividend, VFV or VSP?
VSP does. Over the last 12 months VFV yielded 0.88%, paid quarterly, and VSP 0.90%, paid quarterly.
Should I hold both VFV and VSP?
Holding both mostly doubles up on the same stocks, since 100% 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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