VEQT vs XEQT Comparison
Two nearly identical all-in-one equity ETFs. Same idea, slightly different MER and Canadian weight. I spent way too long comparing these — here's the data so you can pick one and stop researching.
See historical normalized returns, geographic allocation charts, and 30-year MER projections. Spoiler: the difference between them is smaller than the cost of waiting another month to decide. Pick either one and move on.
Fund Overview
VEQT
Vanguard All-Equity ETF Portfolio
Vanguard
- MER
- 0.24%
- AUM
- $10.2B
- Holdings
- 14,000
- Inception
- Jan 2019
XEQT
iShares Core Equity ETF Portfolio
BlackRock iShares
- MER
- 0.2%
- AUM
- $7.8B
- Holdings
- 9,000
- Inception
- Aug 2019
VEQT geographic allocation
- United States 43%
- Canada 30%
- International 20%
- Emerging Markets 7%
XEQT geographic allocation
- United States 45%
- Canada 25%
- International 22%
- Emerging Markets 8%
Asset mix
Historical Performance
If you invested $10,000 in each on Aug 2019, here's where you'd be today. Comparison uses adjusted close prices from 2019-08-20 to Jul 2026.
VEQT versus XEQT normalized $10,000 investment from Aug 2019 to Jul 2026. Latest: VEQT $25,556, XEQT $25,422
VEQT
- Total return
- 155.56%
- CAGR
- 14.56%
- Max drawdown
- -30.46%
- $10K → today
- $25,556
- Best year
- 2024 (24.97%)
- Worst year
- 2022 (-11.49%)
XEQT
- Total return
- 154.22%
- CAGR
- 14.47%
- Max drawdown
- -29.74%
- $10K → today
- $25,422
- Best year
- 2024 (24.6%)
- Worst year
- 2022 (-11.79%)
30-Year Projection
Assumes 7% annual return before MER. The MER gap is tiny compared to the portfolio size.
$585,149
VEQT (0.24% MER)
$589,775
XEQT (0.20% MER)
$4,625
MER difference
The MER gap is $4,625 over 30 years at $500/month. But waiting 6 months to decide because you can't pick? That costs about $22,352 — roughly 5× the MER difference. Pick one and move on.
Decision Helper
| VEQT | XEQT | |
|---|---|---|
| Provider | Vanguard | BlackRock iShares |
| MER | 0.24% | 0.2% |
| Canada allocation | ~30% | ~25% |
| Holdings | ~14,000 | ~9,000 |
| Inception | Jan 2019 | Aug 2019 |
| Tax-loss harvesting | Swap partner with XEQT | Swap partner with VEQT |
The bottom line: pick either one.
Both are globally diversified, 100% equity, all-in-one ETFs. The differences are rounding errors next to the cost of not investing. Flip a coin if you have to. Seriously.
Price data: yahoo-finance · Last updated 2026-07-16.
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These calculators use hypothetical assumptions for illustration only — not a guarantee of future performance or personalized financial advice. Consult a qualified professional before making investment or tax decisions.