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

ETF · Currency in CAD · Last updated Jun 5, 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.

Looking to diversify beyond VBG.NEO? The ETFs below have the lowest correlation with VBG.NEO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from VBG.NEO.

Best Diversifiers for VBG.NEO

5 ETFs have low correlation with VBG.NEO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P/TSX Global Base Metals Index ETF (XBM.TO) (Energy Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.04 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XBM.TO
iShares S&P/TSX Global Base Metals Index ETF0.140.080.04
85
Energy EquitiesVBG.NEO vs XBM.TO
ZEM.TO
BMO MSCI Emerging Markets Index ETF0.230.150.11
83
Emerging Markets EquitiesVBG.NEO vs ZEM.TO
VUN.TO
Vanguard U.S. Total Market Index ETF0.270.160.14
77
Large Cap Blend EquitiesVBG.NEO vs VUN.TO
VCN.TO
Vanguard FTSE Canada All Cap Index ETF0.280.240.16
83
Canada EquitiesVBG.NEO vs VCN.TO
VCE.TO
Vanguard FTSE Canada Index ETF0.280.220.15
80
Canada EquitiesVBG.NEO vs VCE.TO
See all 11 diversifiers for VBG.NEO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from VBG.NEO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VBG.NEO and solid risk/return profiles. The least correlated is Sprott Physical Gold Trust (PHYS.TO) (Financial Services) with a 1Y correlation of 0.23, roughly unchanged from 0.23 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
PHYS.TO
Sprott Physical Gold Trust0.230.180.23
74
Financial Services

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Diversification Analysis

Build a portfolio that complements VBG.NEO

Add VBG.NEO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with VBG.NEO