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, Municipal, and Banks, while VBAL leans towards Sovereign, Information Technology, and Financials. When evaluating costs, VCIP features a management fee (MER) of 0.22%, compared to 0.22% for VBAL. Performance-wise, VCIP has returned 1.73% year-to-date with -$10 M in net flows, whereas VBAL is at 4.19% with +$556 M. 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 | $253.65 M | $5,134.90 M |
| Management Fees | 0.22% | 0.22% |
| Exp. ratio | 0.25% | 0.24% |
| Tracking Difference | - | - |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VCIP | +2.59% | +0.48% | +1.73% | +7.91% | +21.66% |
VBAL | +5.14% | +1.73% | +4.19% | +20.15% | +47.10% | |
| Flows | VCIP | -$1 M | -$2 M | -$10 M | +$18 M | +$15 M |
VBAL | +$119 M | +$439 M | +$556 M | +$1,150 M | +$1,753 M |
VCIP vs VBAL exposure
Countries
VCIP
Canada
53.56%
USA
24.64%
Other
21.80%
VBAL
Canada
42.17%
USA
33.29%
Other
24.53%
Sectors
VCIP
Sovereign
26.10%
Other
18.85%
Municipal
14.27%
Other
40.78%
VBAL
Other
13.62%
Sovereign
12.96%
Information Technology
11.84%
Financials
11.34%
Municipal
7.12%
Other
43.13%
As of April 24, 2026
Top 10 Holdings
VCIP
CA135087T537
0.75%
CA135087T792
0.74%
CA135087T388
0.68%
Canada, Bonds 3.25% 1jun2035, CAD
0.67%
Canada, Bonds 3% 1jun2034, CAD
0.61%
Canada, Bonds 2.75% 1mar2030, CAD
0.60%
CA135087T610
0.57%
NVIDIA
0.57%
Canada, Bonds 3.5% 1sep2029, CAD
0.57%
Canada, Bonds 3.25% 1dec2034, CAD
0.56%
VBAL
NVIDIA
1.68%
APPLE
1.56%
ROYAL BK CANADA
1.28%
MICROSOFT-T
1.15%
TORONTO DOMINION
0.89%
AMAZON.COM INC
0.84%
SHOPIFY SUBORDINATE VOTING
0.82%
ALPHABET INC-CL
0.70%
ENBRIDGE
0.67%
BROADCOM LIMITED
0.61%
Diversification
VCIP
Total weight of top 10 holdings out of 33,950 total
6.33%
VBAL
Total weight of top 10 holdings out of 33,845 total
10.19%
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 | 2.91% | 2.13% |
| 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 April 24, 2026, VCIP has returned 1.73% year to date, while VBAL has returned 4.19%. VBAL is ahead on YTD performance.
Which ETF is larger by assets under management: VCIP or VBAL?
As of April 24, 2026, VCIP manages $253.65 M in assets, while VBAL manages $5.13 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, Municipal, and Banks. VBAL is most exposed to Sovereign, Information Technology, and Financials.
Which ETF is attracting more investor flows: VCIP or VBAL?
Year to date, VCIP has seen -$10.31 M in net flows, compared with +$556.31 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 3.25% 1jun2035, CAD and Canada, Bonds 3% 1jun2034, CAD. VBAL's top holdings include NVIDIA and APPLE.
Which ETF is more diversified: VCIP or VBAL?
VCIP holds 24833 securities, while VBAL holds 24963. On holdings count, VBAL is the more diversified portfolio.
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