A side-by-side comparison of Vanguard Canadian Ultra-Short Government Bond Index ETF (VVSG) and Purpose High Interest Savings Fund (PSA) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | VVSG | PSA |
|---|---|---|
| YTD Return | -0.16% | +0.05%✓ |
| 1-Day Change | -0.04% | +0.01%✓ |
| 1-Week Change | 0.00% | +0.06%✓ |
| 1-Month Change | -0.08% | +0.01%✓ |
| Current Price | $50.31 | $50.05 |
| AUM | $238M | $3.36B✓ |
| MER (Expense Ratio) | — | 0% |
| Dividend Yield | 2.37%✓ | 2.23% |
| Distribution Frequency | Monthly | Monthly |
| Inception Date | 2024-09-09 | 2013-10-15 |
| Holdings Count | 1 | 1 |
| MorningStar Rating | — | — |
| Category | Canadian Money Market | Canadian Money Market |
| Beta | 0.00 | 0.00 |
| 52-Week High | $50.48 | $50.06 |
| 52-Week Low | $49.22 | $48.97 |
| 50-Day MA | $50.36 | $50.05 |
| 200-Day MA | $50.37 | $50.05 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | VVSG | PSA |
|---|---|---|
| YTD | -0.16% | +0.05%✓ |
| 1 Year | +2.28%✓ | +2.23% |
| 3 Year | — | +3.46% |
| 5 Year | — | +3.26% |
| 10 Year | — | +2.28% |
| 1Y Volatility | 0.15% | 0.06% |
| Sharpe Ratio (3Y) | — | -0.54 |
Past performance is not a guarantee of future results.
Sector Weights
| Sector | VVSG | PSA |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About VVSG
Vanguard Canadian Ultra-Short Government Bond Index ETF (VVSG.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
About PSA
The purpose of this fund: Generate best-in-class yields and access your cash anytime.
Which ETF is Right for You?
Both VVSG and PSA are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, PSA scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between VVSG and PSA?
VVSG (Vanguard Canadian Ultra-Short Government Bond Index ETF) and PSA (Purpose High Interest Savings Fund) are both Canadian-listed ETFs. Key differences include their AUM ($238M vs $3.36B), dividend yield (2.37% vs 2.23%), and year-to-date performance (-0.16% vs +0.05%).
Is VVSG better than PSA?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy VVSG and PSA on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both VVSG and PSA should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
7 stocks to buy and hold forever
Complement your ETF portfolio with these proven long-term individual stocks.
Get the FREE Report