VS
Vanguard Conservative Income ETF Portfolio (VCIP) and Vanguard Balanced ETF Portfolio (VBAL) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VCIP focuses its top 3 sector exposures on Sovereign, Finance, and Municipal, while VBAL leans towards Finance, Sovereign, and Technology. When evaluating costs, VCIP features a management fee (MER) of 0.22%, compared to 0.22% for VBAL. Performance-wise, VCIP has returned 1.6% year-to-date with -$4 M in net flows, whereas VBAL is at 7.76% with +$1 B. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
VCIP
VBAL
| AuM | $257.50 M | $5,853.68 M |
| Management Fees | 0.22% | 0.22% |
| Exp. ratio | 0.25% | 0.24% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VCIP | -1.43% | -2.06% | +1.60% | +2.39% | +23.39% |
VBAL | -1.90% | -0.94% | +7.76% | +10.91% | +50.92% | |
| Flows | VCIP | +$3 M | +$9 M | -$4 M | +$10 M | +$27 M |
VBAL | +$105 M | +$363 M | +$1,130 M | +$1,520 M | +$2,248 M |
VCIP vs VBAL exposure
Countries
VCIP
Canada
52.40%
USA
23.02%
Other
24.58%
VBAL
Canada
40.49%
USA
33.91%
Other
25.59%
Sectors
VCIP
Sovereign
34.06%
Finance
16.51%
Municipal
14.94%
Other
34.49%
VBAL
Finance
21.18%
Sovereign
16.68%
Technology
15.59%
Municipal
7.34%
Other
39.20%
As of September 16, 2026
Top 10 Holdings
VCIP
Canada, Bonds 2.75% 1mar2031, CAD
0.86%
Canada, Bonds 2.75% 1sep2030, CAD
0.77%
Canada, Bonds 3.25% 1dec2035, CAD
0.74%
Canada, Bonds 3.25% 1jun2036, CAD
0.72%
Canada, Bonds 3.25% 1jun2035, CAD
0.68%
NVIDIA Corp.
0.60%
Apple, Inc.
0.59%
Canada, Bonds 2.75% 1mar2030, CAD
0.58%
Canada, Bonds 3% 1jun2034, CAD
0.56%
Canada, Bonds 3.5% 1sep2029, CAD
0.55%
VBAL
NVIDIA Corp.
1.75%
Apple, Inc.
1.72%
Royal Bank of Canada
1.53%
Microsoft Corp.
1.31%
The Toronto-Dominion Bank
1.05%
Amazon.com, Inc.
1.00%
Alphabet, Inc.
0.79%
Shopify, Inc.
0.75%
Broadcom Inc.
0.70%
Taiwan Semiconductor Manufacturing Co., Ltd.
0.69%
Diversification
VCIP
Total weight of top 10 holdings out of 33,841 total
6.64%
VBAL
Total weight of top 10 holdings out of 33,826 total
11.27%
Characteristics
Compare
VCIP
VBAL
| Provider | Vanguard | Vanguard |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity, Fixed Income | Equity, Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.00% | 2.12% |
| Meets ESG criteria | No | No |
| Inception Date | February 5, 2019 | February 1, 2018 |
Frequently asked questions about VCIP and VBAL
Which ETF has performed better year to date: VCIP or VBAL?
As of September 16, 2026, VCIP has returned 1.60% year to date, while VBAL has returned 7.76%. VBAL is ahead on YTD performance.
Which ETF is larger by assets under management: VCIP or VBAL?
As of September 16, 2026, VCIP manages $257.50 M in assets, while VBAL manages $5.85 B. VBAL is the larger fund by AUM.
How are VCIP and VBAL managed?
VCIP is actively managed by Vanguard. It does not track an index. VBAL is actively managed by Vanguard. It does not track an index.
What sectors do VCIP and VBAL emphasize?
VCIP is most exposed to Sovereign, Finance, and Municipal. VBAL is most exposed to Finance, Sovereign, and Technology.
Which ETF is attracting more investor flows: VCIP or VBAL?
Year to date, VCIP has seen -$4.24 M in net flows, compared with +$1,130.32 M for VBAL. VBAL has attracted more net investor money so far.
How do the fees of VCIP and VBAL compare?
VCIP has an expense ratio of 0.25%, while VBAL has an expense ratio of 0.24%.
What are the top holdings of VCIP and VBAL?
VCIP's largest holdings include Canada, Bonds 2.75% 1mar2031, CAD and Canada, Bonds 2.75% 1sep2030, CAD. VBAL's top holdings include NVIDIA Corp., Apple, Inc., and Royal Bank of Canada.
Which ETF is more diversified: VCIP or VBAL?
VCIP holds 28072 securities, while VBAL holds 28294. On holdings count, VBAL is the more diversified portfolio.
Recent articles about VCIP and VBAL
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