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Vanguard Global ex-U.S. Aggregate Bond Index ETF (CAD-hedged) (VBG.NEO) Alternatives

ETF · Currency in CAD · Last updated Jun 26, 2026

The ETF seeks to replicate the performance of the Bloomberg Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index (CAD Hedged) by investing in a diversified portfolio of investment-grade, fixed-rate, government, corporate, and government agency fixed-income securities issued outside the United States, with maturities of more than one year, and hedging the foreign currency exposure back to the Canadian dollar.

Vanguard Global ex-U.S. Aggregate Bond Index ETF (CAD-hedged) (VBG.NEO) belongs to the Global Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with VBG.NEO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to VBG.NEO

VBG.NEO charges 0.39% annually. There are 3 ETFs in the Global Bonds category with lower expense ratios, going as low as 0.09%.

SymbolNameExpense RatioAUMInception
ZUAG.TO
BMO US Aggregate Bond Index ETF0.09%—Jan 2023VBG.NEO vs ZUAG.TO
FFIX.NEO
Fidelity All-in-One Fixed Income ETF0.33%—May 2025VBG.NEO vs FFIX.NEO
VGAB.NEO
Vanguard Global Aggregate Bond Index ETF (CAD-hedg...0.33%—Jan 2020VBG.NEO vs VGAB.NEO
HAF.TO
Global X Active Global Fixed Income ETF0.59%66.00MJul 2009VBG.NEO vs HAF.TO
TGFI.TO
TD Active Global Income ETF0.75%370.08MNov 2019VBG.NEO vs TGFI.TO

Best Risk-Adjusted Alternatives to VBG.NEO

VBG.NEO has a PortfoliosLab risk / return rank of 8. There are 7 ETFs in the Global Bonds category with higher risk-adjusted ranks, going as high as 58.

SymbolNameRisk / Return RankAUMInception
BND.TO
Purpose Global Bond Fund
58
2.40B—VBG.NEO vs BND.TO
FFIX.NEO
Fidelity All-in-One Fixed Income ETF
29
—May 2025VBG.NEO vs FFIX.NEO
TGFI.TO
TD Active Global Income ETF
27
370.08MNov 2019VBG.NEO vs TGFI.TO
NUBF.TO
NBI Unconstrained Fixed Income ETF
25
2.91BOct 2019VBG.NEO vs NUBF.TO
HAF.TO
Global X Active Global Fixed Income ETF
16
66.00MJul 2009VBG.NEO vs HAF.TO

Top Performing VBG.NEO Alternatives (YTD)

VBG.NEO is at 0.49% YTD. There are 6 ETFs in the Global Bonds category with higher YTD returns, going as high as 4.75%.

SymbolNameYTD ReturnAUMInception
ZUAG.TO
BMO US Aggregate Bond Index ETF
4.75%
—Jan 2023VBG.NEO vs ZUAG.TO
HAF.TO
Global X Active Global Fixed Income ETF
3.14%
66.00MJul 2009VBG.NEO vs HAF.TO
FFIX.NEO
Fidelity All-in-One Fixed Income ETF
1.77%
—May 2025VBG.NEO vs FFIX.NEO
BND.TO
Purpose Global Bond Fund
1.60%
2.40B—VBG.NEO vs BND.TO
NUBF.TO
NBI Unconstrained Fixed Income ETF
1.33%
2.91BOct 2019VBG.NEO vs NUBF.TO

Lowest Volatility Alternatives to VBG.NEO

VBG.NEO has 3.79% 1-year volatility. There is 1 ETF in the Global Bonds category with lower 1-year volatility, going as low as 3.12%.

SymbolNameVolatility 1YAUMInception
BND.TO
Purpose Global Bond Fund3.12%2.40B—VBG.NEO vs BND.TO
TGFI.TO
TD Active Global Income ETF3.91%370.08MNov 2019VBG.NEO vs TGFI.TO
VGAB.NEO
Vanguard Global Aggregate Bond Index ETF (CAD-hedg...3.97%—Jan 2020VBG.NEO vs VGAB.NEO
FFIX.NEO
Fidelity All-in-One Fixed Income ETF4.26%—May 2025VBG.NEO vs FFIX.NEO
NUBF.TO
NBI Unconstrained Fixed Income ETF5.84%2.91BOct 2019VBG.NEO vs NUBF.TO

Lowest Drawdown Alternatives to VBG.NEO

VBG.NEO has a 1-year max drawdown of -3.17%. There are 4 ETFs in the Global Bonds category with shallower 1-year drawdowns, going as shallow as -2.57%.

SymbolNameMax Drawdown 1YAUMInception
FFIX.NEO
Fidelity All-in-One Fixed Income ETF
-2.57%
—May 2025VBG.NEO vs FFIX.NEO
BND.TO
Purpose Global Bond Fund
-2.87%
2.40B—VBG.NEO vs BND.TO
TGFI.TO
TD Active Global Income ETF
-3.07%
370.08MNov 2019VBG.NEO vs TGFI.TO
VGAB.NEO
Vanguard Global Aggregate Bond Index ETF (CAD-hedg...
-3.08%
—Jan 2020VBG.NEO vs VGAB.NEO
HAF.TO
Global X Active Global Fixed Income ETF
-3.87%
66.00MJul 2009VBG.NEO vs HAF.TO

Other ETFs from Vanguard

The 10 most viewed Vanguard ETFs shown here include VFV.TO, VDY.TO, VEQT.TO and span 7 categories. AUM among these funds goes as high as $33B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
75
11.63%
32.85BNov 2012VBG.NEO vs VFV.TO
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...Dividend
98
24.72%
7.99BNov 2012VBG.NEO vs VDY.TO
VEQT.TO
Vanguard All-Equity ETF PortfolioGlobal Equities
86
13.14%
14.70BJan 2019VBG.NEO vs VEQT.TO
VGRO.TO
Vanguard Growth ETF PortfolioDiversified Portfolio
85
10.90%
10.14BJan 2018VBG.NEO vs VGRO.TO
VCN.TO
Vanguard FTSE Canada All Cap Index ETFCanada Equities
86
10.78%
15.96BAug 2013VBG.NEO vs VCN.TO
VBAL.TO
Vanguard Balanced ETF PortfolioDiversified Portfolio
75
8.54%
5.44BJan 2018VBG.NEO vs VBAL.TO
VIU.TO
Vanguard FTSE Developed All Cap ex North America I...International Equity
76
19.33%
10.65BDec 2015VBG.NEO vs VIU.TO
VCE.TO
Vanguard FTSE Canada Index ETFCanada Equities
84
11.17%
3.48BNov 2011VBG.NEO vs VCE.TO
VIDY.TO
Vanguard FTSE Developed ex North America High Divi...Foreign Large Cap Equities, Dividend
79
13.31%
1.90BAug 2018VBG.NEO vs VIDY.TO
VXC.TO
Vanguard FTSE Global All Cap ex Canada Index ETFGlobal Equities
80
14.04%
3.45BJun 2014VBG.NEO vs VXC.TO

Often Compared With VBG.NEO

Investors most often compare VBG.NEO with VBU.NEO, VAB.TO, XEB.TO. These 20 comparison targets span 21 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
VBU.NEO
Vanguard U.S. Aggregate Bond Index ETFTotal Bond Market
17
0.13%
—Jun 2014VBG.NEO vs VBU.NEO
VAB.TO
Vanguard Canadian Aggregate Bond Index ETFTotal Bond Market, Canadian Government Bonds, Corporate Bonds
26
2.00%
7.36BNov 2011VBG.NEO vs VAB.TO
XEB.TO
iShares J.P. Morgan USD Emerging Markets Bond Inde...Emerging Markets Bonds
36
1.23%
32.38MApr 2011VBG.NEO vs XEB.TO
HUC.TO
Global X Crude Oil ETFOil & Gas
19
24.45%
48.02MJun 2009VBG.NEO vs HUC.TO
CLF.TO
iShares 1-5 Year Laddered Government Bond Index ET...Canadian Government Bonds
43
1.19%
755.28MJan 2008VBG.NEO vs CLF.TO
XTLH.TO
iShares 20+ Year U.S. Treasury Bond Index ETF (CAD...Government Bonds, Long-Term Bond
12
0.92%
—Feb 2023VBG.NEO vs XTLH.TO
ROBO
ROBO Global Robotics & Automation Index ETFRobotics, Technology Equities
60
20.39%
1.84BOct 2013VBG.NEO vs ROBO
COW.TO
iShares Global Agriculture Index ETFLarge Cap Blend Equities
12
14.91%
280.03MDec 2007VBG.NEO vs COW.TO
VUN.TO
Vanguard U.S. Total Market Index ETFLarge Cap Blend Equities
76
12.41%
18.15BAug 2013VBG.NEO vs VUN.TO
ZEM.TO
BMO MSCI Emerging Markets Index ETFEmerging Markets Equities
81
29.04%
3.56BOct 2009VBG.NEO vs ZEM.TO
IXJ
iShares Global Healthcare ETFHealth & Biotech Equities
30
0.33%
3.53BNov 2001VBG.NEO vs IXJ
PHYS.TO
Sprott Physical Gold Trust
65
-5.05%
——VBG.NEO vs PHYS.TO
ZEA.TO
BMO MSCI EAFE Index ETFForeign Large Cap Equities
60
12.80%
13.21BFeb 2014VBG.NEO vs ZEA.TO
URA
Global X Uranium ETFUranium
17
2.78%
6.64BNov 2010VBG.NEO vs URA
XBM.TO
iShares S&P/TSX Global Base Metals Index ETFEnergy Equities
71
18.54%
661.86MApr 2011VBG.NEO vs XBM.TO
CGL.TO
iShares Gold Bullion ETF (CAD-Hedged)Gold, Precious Metals
19
-7.68%
2.02BMay 2009VBG.NEO vs CGL.TO
PPA
Invesco Aerospace & Defense ETFAerospace & Defense, Industrials Equities
41
9.73%
8.26BOct 2005VBG.NEO vs PPA
XSH.TO
iShares Core Canadian Short Term Corporate Bond In...Canadian Government Bonds
65
1.56%
2.47BSep 2011VBG.NEO vs XSH.TO
REMX
VanEck Rare Earth and Strategic Metals ETFRare Earth & Strategic Metals
82
20.68%
2.96BOct 2010VBG.NEO vs REMX
CWW.TO
iShares Global Water Index ETFWater Equities
20
7.68%
300.37MJun 2007VBG.NEO vs CWW.TO

Compare VBG.NEO with Any Fund or Stock

Compare VBG.NEO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair VBG.NEO with funds that move differently

Vanguard Global ex-U.S. Aggregate Bond Index ETF (CAD-hedged) alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to VBG.NEO.

Explore VBG.NEO Diversifiers