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Vanguard U.S. Aggregate Bond Index ETF (VBU.NEO) Diversifiers

ETF · Currency in CAD · Last updated Jun 5, 2026

Vanguard U.S. Aggregate Bond Index ETF (CAD-hedged) seeks to track the performance of the Bloomberg U.S. Aggregate Float Adjusted Bond Index (CAD Hedged) by investing primarily in investment-grade U.S. fixed income securities while hedging U.S. dollar exposure to the Canadian dollar using derivatives. It employs a passively managed, index-sampling strategy to gain exposure to the U.S. bond market.

Looking to diversify beyond VBU.NEO? The ETFs below have the lowest correlation with VBU.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 VBU.NEO.

Best Diversifiers for VBU.NEO

15 ETFs have low correlation with VBU.NEO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO Money Market Fund ETF Series (ZMMK.TO) (Money Market) with a 1Y correlation of 0.03, roughly unchanged from -0.01 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ZMMK.TO
BMO Money Market Fund ETF Series0.03-0.01—
100
Money MarketVBU.NEO vs ZMMK.TO
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...0.070.170.09
98
DividendVBU.NEO vs VDY.TO
ZSP.TO
BMO S&P 500 Index ETF0.130.120.12
77
S&P 500VBU.NEO vs ZSP.TO
VFV.TO
Vanguard S&P 500 Index ETF0.150.130.11
78
S&P 500VBU.NEO vs VFV.TO
QQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETF0.160.160.16
65
Nasdaq-100, Leveraged EquitiesVBU.NEO vs QQU.TO
See all 17 diversifiers for VBU.NEO

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Diversification Analysis

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