CDLB.TO vs. VBU.NEO
CDLB.TO (CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series) and VBU.NEO (Vanguard U.S. Aggregate Bond Index ETF) are both exchange-traded funds - CDLB.TO is a Intermediate Core-Plus Bond fund actively managed by CI Global Asset Management, while VBU.NEO is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Bond Index (CAD Hedged). CDLB.TO is actively managed, while VBU.NEO is passively managed. Over the past 5 years, CDLB.TO returned -0.65%/yr vs -0.95%/yr for VBU.NEO. At a 0.14 correlation, their price movements are largely independent. CDLB.TO charges 0.85%/yr vs 0.22%/yr for VBU.NEO.
Performance
CDLB.TO vs. VBU.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, CDLB.TO achieves a -0.85% return, which is significantly lower than VBU.NEO's 0.04% return.
CDLB.TO
- 1D
- 0.00%
- 1M
- -0.06%
- YTD
- -0.85%
- 6M
- -0.85%
- 1Y
- 2.23%
- 3Y*
- 2.97%
- 5Y*
- -0.65%
- 10Y*
- —
VBU.NEO
- 1D
- 0.19%
- 1M
- -0.65%
- YTD
- 0.04%
- 6M
- -0.15%
- 1Y
- 2.39%
- 3Y*
- 2.54%
- 5Y*
- -0.95%
- 10Y*
- 0.69%
CDLB.TO vs. VBU.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CDLB.TO CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series | -0.85% | 5.44% | 2.59% | 2.12% | -12.02% | -0.11% | 3.68% |
VBU.NEO Vanguard U.S. Aggregate Bond Index ETF | 0.04% | 4.92% | 0.11% | 4.79% | -13.68% | -2.06% | 2.41% |
Correlation
The correlation between CDLB.TO and VBU.NEO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 8, 2020 | 0.14 |
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Return for Risk
CDLB.TO vs. VBU.NEO — Risk / Return Rank
CDLB.TO
VBU.NEO
CDLB.TO vs. VBU.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series (CDLB.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.
| CDLB.TO | VBU.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.10 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 0.78 | +0.48 |
| Martin ratioReturn relative to average drawdown | 2.70 | 2.04 | +0.67 |
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Drawdowns
CDLB.TO vs. VBU.NEO - Drawdown Comparison
The maximum CDLB.TO drawdown since its inception was -17.06%, smaller than the maximum VBU.NEO drawdown of -19.34%. Use the drawdown chart below to compare losses from any high point for CDLB.TO and VBU.NEO.
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Drawdown Indicators
| CDLB.TO | VBU.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.06% | -19.34% | +2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | -3.08% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -5.43% | -5.94% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -17.06% | -18.44% | +1.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.34% | — |
Current DrawdownCurrent decline from peak | -4.26% | -7.50% | +3.24% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -5.31% | -1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 1.18% | -0.20% |
Volatility
CDLB.TO vs. VBU.NEO - Volatility Comparison
The current volatility for CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series (CDLB.TO) is 0.52%, while Vanguard U.S. Aggregate Bond Index ETF (VBU.NEO) has a volatility of 1.23%. This indicates that CDLB.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
| CDLB.TO | VBU.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 1.23% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 2.39% | 3.66% | -1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 4.74% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.36% | 6.30% | -0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.93% | 5.95% | -1.02% |
CDLB.TO vs. VBU.NEO - Expense Ratio Comparison
CDLB.TO has a 0.85% expense ratio, which is higher than VBU.NEO's 0.22% expense ratio.
Dividends
CDLB.TO vs. VBU.NEO - Dividend Comparison
CDLB.TO's dividend yield for the trailing twelve months is around 4.30%, more than VBU.NEO's 3.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDLB.TO CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series | 4.30% | 4.45% | 4.35% | 3.60% | 2.81% | 2.38% | 1.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VBU.NEO Vanguard U.S. Aggregate Bond Index ETF | 3.62% | 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
CDLB.TO and VBU.NEO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VBU.NEO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VBU.NEO is cheaper with a 0.22% expense ratio, compared with 0.85% for CDLB.TO.
CDLB.TO is categorized as Intermediate Core-Plus Bond, while VBU.NEO is Total Bond Market. They also come from different issuers: CI Global Asset Management and Vanguard. Their fees differ too: 0.85% for CDLB.TO and 0.22% for VBU.NEO.
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