Compare
VEQT × the field

The scorecard

Round by round, who took it.

5 rounds · Reviewed quarterly

VUN is one of VEQT's four building blocks. Holding both isn't diversifying; it's overweighting the U.S. on top of an already U.S.-heavy fund. Pick one job: total-world (VEQT) or U.S.-only (VUN). Don't do both unintentionally.

  1. DiversificationVEQT holds 13,700+ companies globally. VUN holds ~3,600 U.S. companies. VEQT wins on breadth by a wide margin.VEQT
  2. U.S. exposureVUN is 100% U.S. total market. VEQT is ~44% U.S. Holding both doubles up on the U.S. sleeve.VUN
  3. Cost (MER)VUN is cheaper at ~0.16% vs VEQT's 0.20%. The difference is small but VUN wins on raw cost.VUN
  1. Portfolio completenessVEQT is a complete, self-rebalancing global portfolio. VUN requires other assets (Canada, international, bonds) to be a complete allocation.VEQT
  2. Overlap riskCombining VEQT + VUN creates heavy U.S. concentration (~65%+). This is unintentional for most investors.VEQT
— The recommendation

If you want total-world equities, hold VEQT alone. If you want U.S.-total-market, hold VUN alone. Combining them creates unintentional U.S. overweight — you'd be holding VUN twice, once inside VEQT and once directly.

Editorial analysis · Public fund data · Not financial advice · Your situation may differ

Back to all bouts