AGG vs. VDY.TO
AGG (iShares Core U.S. Aggregate Bond ETF) and VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) are both exchange-traded funds - AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index, while VDY.TO is a Dividend fund tracking the FTSE Canada High Dividend Yield Index. Both are passively managed. Over the past 10 years, AGG returned 1.52%/yr vs 13.22%/yr for VDY.TO. At a correlation of -0.07, they often move in opposite directions. AGG charges 0.03%/yr vs 0.22%/yr for VDY.TO.
Performance
AGG vs. VDY.TO - Performance Comparison
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Different Trading Currencies
AGG is traded in USD, while VDY.TO is traded in CAD. To make them comparable, the VDY.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AGG achieves a -0.08% return, which is significantly lower than VDY.TO's 19.43% return. Over the past 10 years, AGG has underperformed VDY.TO with an annualized return of 1.52%, while VDY.TO has yielded a comparatively higher 13.22% annualized return.
AGG
- 1D
- 0.00%
- 1M
- -0.69%
- YTD
- -0.08%
- 6M
- 0.26%
- 1Y
- 4.97%
- 3Y*
- 3.88%
- 5Y*
- -0.03%
- 10Y*
- 1.52%
VDY.TO
- 1D
- 0.09%
- 1M
- 3.22%
- YTD
- 19.43%
- 6M
- 21.26%
- 1Y
- 44.62%
- 3Y*
- 24.93%
- 5Y*
- 14.29%
- 10Y*
- 13.22%
AGG vs. VDY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | -0.08% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 19.36% | 35.39% | 11.96% | 11.05% | -6.18% | 36.67% | 1.03% | 26.64% | -17.06% | 16.18% |
Correlation
The correlation between AGG and VDY.TO is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2012 | -0.07 |
The correlation between AGG and VDY.TO shifts across timeframes, from -0.07 (all time) to 0.14 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
AGG vs. VDY.TO — Risk / Return Rank
AGG
VDY.TO
AGG vs. VDY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core U.S. Aggregate Bond ETF (AGG) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AGG | VDY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.51 | ||
| Sortino ratioReturn per unit of downside risk | -4.73 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.91 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 12.48 | -10.67 |
| Martin ratioReturn relative to average drawdown | 5.44 | 43.23 | -37.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AGG | VDY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 4.83 | -3.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 1.07 | -1.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.76 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.60 | -0.01 |
Drawdowns
AGG vs. VDY.TO - Drawdown Comparison
The maximum AGG drawdown since its inception was -18.43%, smaller than the maximum VDY.TO drawdown of -44.42%. Use the drawdown chart below to compare losses from any high point for AGG and VDY.TO.
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Drawdown Indicators
| AGG | VDY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.43% | -44.42% | +25.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -3.59% | +0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -6.11% | -12.92% | +6.81% |
Max Drawdown (5Y)Largest decline over 5 years | -17.82% | -23.69% | +5.87% |
Max Drawdown (10Y)Largest decline over 10 years | -18.43% | -44.42% | +25.99% |
Current DrawdownCurrent decline from peak | -2.47% | -1.11% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -2.71% | -8.80% | +6.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 1.04% | -0.12% |
Volatility
AGG vs. VDY.TO - Volatility Comparison
The current volatility for iShares Core U.S. Aggregate Bond ETF (AGG) is 1.29%, while Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) has a volatility of 3.30%. This indicates that AGG experiences smaller price fluctuations and is considered to be less risky than VDY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGG | VDY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 3.30% | -2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 7.40% | -4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 9.30% | -5.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.09% | 13.45% | -7.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.41% | 17.46% | -12.05% |
AGG vs. VDY.TO - Expense Ratio Comparison
AGG has a 0.03% expense ratio, which is lower than VDY.TO's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AGG vs. VDY.TO - Dividend Comparison
AGG's dividend yield for the trailing twelve months is around 4.00%, more than VDY.TO's 2.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 4.00% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 2.88% | 3.59% | 4.37% | 4.64% | 4.42% | 3.46% | 4.59% | 4.25% | 4.44% | 3.42% | 3.25% | 4.11% |
Frequently Asked Questions
AGG and VDY.TO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AGG is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AGG is cheaper with a 0.03% expense ratio, compared with 0.22% for VDY.TO.
AGG is categorized as Total Bond Market, while VDY.TO is Dividend. AGG tracks Bloomberg U.S. Aggregate Bond Index, while VDY.TO tracks FTSE Canada High Dividend Yield Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.03% for AGG and 0.22% for VDY.TO.
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