VEQT at a Glance
| Feature |
Details |
| Full name |
Vanguard All-Equity ETF Portfolio |
| Ticker |
VEQT |
| Provider |
Vanguard Canada |
| Inception |
January 2019 |
| MER |
0.24% |
| Asset allocation |
100% equities |
| Number of holdings |
13,000+ (through underlying ETFs) |
| Distribution frequency |
Quarterly |
| Distribution yield |
~1.7% |
| Eligible accounts |
TFSA, RRSP, RRIF, FHSA, RESP, non-registered |
| Exchange |
TSX |
Asset Allocation
| Region |
Allocation |
Underlying ETF |
| US equities |
~42% |
VUN (Vanguard US Total Market) |
| Canadian equities |
~30% |
VCN (Vanguard FTSE Canada All Cap) |
| International developed |
~20% |
VIU (Vanguard FTSE Developed All Cap ex NA) |
| Emerging markets |
~8% |
VEE (Vanguard FTSE Emerging Markets) |
| Period |
VEQT Return |
| 1 year |
~18-22%* |
| 3 years (annualized) |
~8-10%* |
| 5 years (annualized) |
~9-11%* |
| Since inception (2019) |
~10-12%* |
Returns are approximate. Past performance does not guarantee future results.
Growth of $10,000
| Time Horizon |
At 8% |
At 10% |
| 5 years |
$14,693 |
$16,105 |
| 10 years |
$21,589 |
$25,937 |
| 20 years |
$46,610 |
$67,275 |
| 30 years |
$100,627 |
$174,494 |
Fees Comparison
| ETF |
MER |
Cost on $100K/Year |
| XEQT |
0.20% |
$200 |
| VEQT |
0.24% |
$240 |
| ZEQT |
0.20% |
$200 |
| Avg mutual fund |
2.00% |
$2,000 |
The $40/year difference between VEQT and XEQT on $100K is negligible.
VEQT vs Alternatives
| Feature |
VEQT |
XEQT |
VGRO |
XGRO |
| Equities |
100% |
100% |
80% |
80% |
| Bonds |
0% |
0% |
20% |
20% |
| MER |
0.24% |
0.20% |
0.24% |
0.20% |
| Canadian allocation |
30% |
24% |
24% |
19% |
| Best for |
Aggressive growth |
Aggressive growth |
Balanced growth |
Balanced growth |
Top Holdings (Through Underlying ETFs)
| Company |
Approximate Weight |
| Apple |
~3.5% |
| Microsoft |
~3.3% |
| NVIDIA |
~2.5% |
| Amazon |
~2.0% |
| Royal Bank of Canada |
~1.5% |
| Toronto-Dominion Bank |
~1.2% |
| Shopify |
~0.7% |
| Alphabet (Google) |
~1.5% |
| Meta |
~1.0% |
| Broadcom |
~0.8% |
Who Should Buy VEQT
| Profile |
Suitable? |
| Long-term growth (10+ years) |
✅ Ideal |
| Want more Canadian exposure |
✅ Better than XEQT (30% vs 24%) |
| High risk tolerance |
✅ Yes |
| One-ETF portfolio |
✅ Yes |
| Moderate risk |
⚠️ Consider VGRO (80/20) |
| Near retirement |
⚠️ Consider VBAL (60/40) |
| Short-term savings |
❌ Use HISA or GICs |
How to Buy VEQT
| Platform |
Commission |
Notes |
| Wealthsimple |
$0 |
Easiest, recurring buys |
| Questrade |
$0 (ETF buys) |
Best for larger accounts |
| Interactive Brokers |
~$1 |
Lowest margin rates |
| TD Direct Investing |
$9.99 |
Free with certain accounts |
Tax Considerations
| Account |
Treatment |
| TFSA |
Tax-free growth and withdrawals |
| RRSP |
Tax-deferred; US withholding tax recovered |
| Non-registered |
Dividends taxed annually; capital gains on sale |
RRSP advantage: US dividends in VEQT benefit from the Canada-US tax treaty, recovering the 15% withholding tax. This doesn’t apply in TFSA.