ESGB.TO vs. VCB.TO
ESGB.TO (BMO ESG Corporate Bond Index ETF) and VCB.TO (Vanguard Canadian Corporate Bond Index ETF) are both Corporate Bonds funds. Over the past 5 years, ESGB.TO returned 2.22%/yr vs 2.36%/yr for VCB.TO. At a 0.46 correlation, their price movements are largely independent.
Performance
ESGB.TO vs. VCB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ESGB.TO achieves a 2.00% return, which is significantly higher than VCB.TO's 1.83% return.
ESGB.TO
- 1D
- -0.64%
- 1M
- 0.33%
- YTD
- 2.00%
- 6M
- 1.89%
- 1Y
- 4.32%
- 3Y*
- 6.14%
- 5Y*
- 2.22%
- 10Y*
- —
VCB.TO
- 1D
- -0.12%
- 1M
- 0.32%
- YTD
- 1.83%
- 6M
- 1.79%
- 1Y
- 3.97%
- 3Y*
- 6.14%
- 5Y*
- 2.36%
- 10Y*
- —
ESGB.TO vs. VCB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESGB.TO BMO ESG Corporate Bond Index ETF | 2.00% | 4.18% | 6.92% | 7.89% | -9.31% | -2.24% | 6.85% |
VCB.TO Vanguard Canadian Corporate Bond Index ETF | 1.83% | 4.46% | 6.63% | 7.98% | -8.96% | -1.55% | 7.82% |
Correlation
The correlation between ESGB.TO and VCB.TO is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2020 | 0.46 |
The correlation between ESGB.TO and VCB.TO shifts across timeframes, from 0.46 (all time) to 0.56 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ESGB.TO vs. VCB.TO — Risk / Return Rank
ESGB.TO
VCB.TO
ESGB.TO vs. VCB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO ESG Corporate Bond Index ETF (ESGB.TO) and Vanguard Canadian Corporate Bond Index ETF (VCB.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.
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.
| ESGB.TO | VCB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.63 | +0.13 |
| Martin ratioReturn relative to average drawdown | 5.17 | 5.22 | -0.05 |
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Drawdowns
ESGB.TO vs. VCB.TO - Drawdown Comparison
The maximum ESGB.TO drawdown since its inception was -15.18%, which is greater than VCB.TO's maximum drawdown of -14.00%. Use the drawdown chart below to compare losses from any high point for ESGB.TO and VCB.TO.
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Drawdown Indicators
| ESGB.TO | VCB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.18% | -14.00% | -1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -2.45% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -2.72% | -3.21% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -13.96% | -13.17% | -0.79% |
Current DrawdownCurrent decline from peak | -0.64% | -0.12% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -3.05% | -1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.77% | +0.07% |
Volatility
ESGB.TO vs. VCB.TO - Volatility Comparison
BMO ESG Corporate Bond Index ETF (ESGB.TO) has a higher volatility of 1.55% compared to Vanguard Canadian Corporate Bond Index ETF (VCB.TO) at 1.01%. This indicates that ESGB.TO's price experiences larger fluctuations and is considered to be riskier than VCB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGB.TO | VCB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.01% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 2.66% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.00% | 3.46% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.39% | 4.90% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.99% | 9.62% | -3.63% |
Dividends
ESGB.TO vs. VCB.TO - Dividend Comparison
ESGB.TO's dividend yield for the trailing twelve months is around 3.99%, more than VCB.TO's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ESGB.TO BMO ESG Corporate Bond Index ETF | 3.99% | 3.82% | 3.52% | 3.56% | 3.39% | 2.98% | 2.83% | 0.00% | 0.00% | 0.00% |
VCB.TO Vanguard Canadian Corporate Bond Index ETF | 3.86% | 3.88% | 3.74% | 3.41% | 3.21% | 2.69% | 2.75% | 2.86% | 2.86% | 2.51% |
Frequently Asked Questions
ESGB.TO and VCB.TO have a correlation of 0.53, 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: BMO and Vanguard.
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