VS
Vanguard Canadian Short-Term Corporate Bond Index ETF (VSC) and Desjardins Canadian Corporate Bond Index ETF (DCBC) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VSC focuses its top 3 sector exposures on Finance, Energy, and Telecommunications, while DCBC leans towards Finance, Utilities, and Energy. When evaluating costs, VSC features a management fee (MER) of 0.1%, compared to 0.15% for DCBC. Performance-wise, VSC has returned 1.23% year-to-date with +$341 M in net flows, whereas DCBC is at 0.39% with +$825 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
VSC
DCBC
| AuM | $1,621.38 M | $1,546.97 M |
| Management Fees | 0.10% | 0.15% |
| Exp. ratio | 0.11% | 0.17% |
| Tracking Difference | -0.19% | 0.61% |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VSC | -0.36% | -0.03% | +1.23% | +2.93% | +20.54% |
DCBC | -0.95% | -1.32% | +0.39% | +2.62% | - | |
| Flows | VSC | +$65 M | +$140 M | +$341 M | +$536 M | +$583 M |
DCBC | +$64 M | +$237 M | +$825 M | +$993 M | - |
VSC vs DCBC exposure
Countries
VSC
Canada
88.89%
USA
8.55%
DCBC
Canada
88.50%
USA
9.25%
Sectors
VSC
Finance
65.86%
Energy
7.68%
Other
26.45%
DCBC
Finance
45.57%
Utilities
14.53%
Energy
12.95%
Telecommunications
7.90%
Other
19.06%
As of September 2, 2026
Top 10 Holdings
VSC
Royal Bank of Canada, 3.572% 9dec2031, CAD
1.15%
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
0.92%
Bank of Nova Scotia, 3.61% 30jan2032, CAD
0.91%
Royal Bank of Canada, 4.632% 1may2028, CAD
0.91%
CIBC, 3.65% 13jan2032, CAD
0.86%
Bank of Montreal, 4.709% 7dec2027, CAD
0.85%
Bank of Nova Scotia, 3.734% 27jun2031, CAD
0.83%
Toronto-Dominion Bank, 4.477% 18jan2028, CAD
0.81%
Bank of Montreal, 3.19% 1mar2028, CAD
0.79%
Bank of Montreal, 3.539% 3mar2032, CAD
0.77%
DCBC
Amazon.com, 5% 12jun2056, CAD
0.75%
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
0.60%
Bank of Nova Scotia, 3.61% 30jan2032, CAD
0.59%
Royal Bank of Canada, 3.572% 9dec2031, CAD
0.58%
Amazon.com, 4.35% 12jun2036, CAD
0.58%
CIBC, 4.15% 2apr2035, CAD
0.53%
CIBC, 3.65% 13jan2032, CAD
0.49%
Bell Canada, 3.8% 21aug2028, CAD (M-48)
0.49%
Toronto-Dominion Bank, 4.21% 1jun2027, CAD
0.47%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
0.46%
Diversification
VSC
Total weight of top 10 holdings out of 450 total
8.81%
DCBC
Total weight of top 10 holdings out of 1,051 total
5.53%
Characteristics
Compare
VSC
DCBC
| Provider | Vanguard | Desjardins Investments |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg Global Aggregate Canadian Credit 1-5Y Total Return Index - CAD | Solactive Canadian Bond Universe Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.03% | 4.09% |
| Meets ESG criteria | No | No |
| Inception Date | November 2, 2012 | April 18, 2024 |
Frequently asked questions about VSC and DCBC
Which ETF has performed better year to date: VSC or DCBC?
As of September 2, 2026, VSC has returned 1.23% year to date, while DCBC has returned 0.39%. VSC is ahead on YTD performance.
Which ETF is larger by assets under management: VSC or DCBC?
As of September 2, 2026, VSC manages $1.62 B in assets, while DCBC manages $1.55 B. VSC is the larger fund by AUM.
How are VSC and DCBC managed?
VSC is passively managed by Vanguard. It tracks the Bloomberg Global Aggregate Canadian Credit 1-5Y Total Return Index - CAD benchmark. DCBC is passively managed by Desjardins Investments. It tracks the Solactive Canadian Bond Universe Total Return Index - CAD benchmark.
What sectors do VSC and DCBC emphasize?
VSC is most exposed to Finance, Energy, and Telecommunications. DCBC is most exposed to Finance, Utilities, and Energy.
Which ETF is attracting more investor flows: VSC or DCBC?
Year to date, VSC has seen +$340.95 M in net flows, compared with +$825.09 M for DCBC. DCBC has attracted more net investor money so far.
How do the fees of VSC and DCBC compare?
VSC has an expense ratio of 0.11%, while DCBC has an expense ratio of 0.17%.
What are the top holdings of VSC and DCBC?
VSC's largest holdings include Royal Bank of Canada, 3.572% 9dec2031, CAD, Toronto-Dominion Bank, 3.687% 9jan2032, CAD, and Bank of Nova Scotia, 3.61% 30jan2032, CAD. DCBC's top holdings include Amazon.com, 5% 12jun2056, CAD, Toronto-Dominion Bank, 3.687% 9jan2032, CAD, and Bank of Nova Scotia, 3.61% 30jan2032, CAD.
Which ETF is more diversified: VSC or DCBC?
VSC holds 450 securities, while DCBC holds 1051. On holdings count, DCBC is the more diversified portfolio.
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.