CAGG.TO vs. VBU.NEO
CAGG.TO (CI Canadian Aggregate Bond Index ETF) and VBU.NEO (Vanguard U.S. Aggregate Bond Index ETF) are both Total Bond Market funds. Over the past 5 years, CAGG.TO returned 0.90%/yr vs -1.10%/yr for VBU.NEO. At a 0.31 correlation, their price movements are largely independent.
Performance
CAGG.TO vs. VBU.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, CAGG.TO achieves a 2.25% return, which is significantly higher than VBU.NEO's -0.15% return.
CAGG.TO
- 1D
- -0.02%
- 1M
- 0.63%
- YTD
- 2.25%
- 6M
- 2.13%
- 1Y
- 3.60%
- 3Y*
- 4.89%
- 5Y*
- 0.90%
- 10Y*
- —
VBU.NEO
- 1D
- -0.42%
- 1M
- 0.19%
- YTD
- -0.15%
- 6M
- -0.43%
- 1Y
- 1.77%
- 3Y*
- 2.53%
- 5Y*
- -1.10%
- 10Y*
- 0.60%
CAGG.TO vs. VBU.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAGG.TO CI Canadian Aggregate Bond Index ETF | 2.25% | 2.45% | 4.41% | 7.28% | -11.36% | -3.39% | 7.32% | 9.39% | 0.30% | -0.53% |
VBU.NEO Vanguard U.S. Aggregate Bond Index ETF | -0.15% | 4.92% | 0.11% | 4.79% | -13.68% | -2.06% | 7.26% | 7.77% | -1.09% | 0.12% |
Correlation
The correlation between CAGG.TO and VBU.NEO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2017 | 0.31 |
The correlation between CAGG.TO and VBU.NEO shifts across timeframes, from 0.31 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CAGG.TO vs. VBU.NEO — Risk / Return Rank
CAGG.TO
VBU.NEO
CAGG.TO vs. VBU.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Canadian Aggregate Bond Index ETF (CAGG.TO) and Vanguard U.S. Aggregate Bond Index ETF (VBU.NEO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CAGG.TO | VBU.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.08 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 0.58 | +0.75 |
| Martin ratioReturn relative to average drawdown | 3.11 | 1.49 | +1.62 |
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Drawdowns
CAGG.TO vs. VBU.NEO - Drawdown Comparison
The maximum CAGG.TO drawdown since its inception was -18.77%, roughly equal to the maximum VBU.NEO drawdown of -19.34%. Use the drawdown chart below to compare losses from any high point for CAGG.TO and VBU.NEO.
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Drawdown Indicators
| CAGG.TO | VBU.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.77% | -19.34% | +0.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -3.08% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -4.76% | -5.94% | +1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -16.68% | -18.44% | +1.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.34% | — |
Current DrawdownCurrent decline from peak | -0.22% | -7.67% | +7.45% |
Average DrawdownAverage peak-to-trough decline | -5.50% | -5.31% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 1.19% | -0.03% |
Volatility
CAGG.TO vs. VBU.NEO - Volatility Comparison
The current volatility for CI Canadian Aggregate Bond Index ETF (CAGG.TO) is 0.89%, while Vanguard U.S. Aggregate Bond Index ETF (VBU.NEO) has a volatility of 1.26%. This indicates that CAGG.TO experiences smaller price fluctuations and is considered to be less risky than VBU.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAGG.TO | VBU.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 1.26% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 3.69% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.23% | 4.73% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 6.30% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.04% | 5.95% | +1.09% |
Dividends
CAGG.TO vs. VBU.NEO - Dividend Comparison
CAGG.TO's dividend yield for the trailing twelve months is around 3.52%, less than VBU.NEO's 3.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAGG.TO CI Canadian Aggregate Bond Index ETF | 3.52% | 3.36% | 2.82% | 3.25% | 4.11% | 2.42% | 2.77% | 3.00% | 2.74% | 1.51% | 0.00% | 0.00% |
VBU.NEO Vanguard U.S. Aggregate Bond Index ETF | 3.63% | 3.50% | 3.34% | 2.93% | 2.32% | 1.87% | 2.15% | 2.36% | 2.24% | 2.20% | 2.18% | 2.23% |
Frequently Asked Questions
CAGG.TO and VBU.NEO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: CI and Vanguard.
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