HAB.TO vs. VAB.TO
HAB.TO (Global X Active Corporate Bond ETF) and VAB.TO (Vanguard Canadian Aggregate Bond Index ETF) are both exchange-traded funds - HAB.TO is a Corporate Bonds fund actively managed by Global X, while VAB.TO is a Total Bond Market fund tracking the Bloomberg Global Aggregate Canadian Float Adjusted Bond Index. HAB.TO is actively managed, while VAB.TO is passively managed. Over the past 10 years, HAB.TO returned 2.89%/yr vs 1.43%/yr for VAB.TO. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
HAB.TO vs. VAB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HAB.TO achieves a 0.81% return, which is significantly lower than VAB.TO's 1.23% return. Over the past 10 years, HAB.TO has outperformed VAB.TO with an annualized return of 2.89%, while VAB.TO has yielded a comparatively lower 1.43% annualized return.
HAB.TO
- 1D
- 0.20%
- 1M
- -0.94%
- 6M
- 0.32%
- YTD
- 0.81%
- 1Y
- 4.46%
- 3Y*
- 6.05%
- 5Y*
- 1.98%
- 10Y*
- 2.89%
VAB.TO
- 1D
- 0.26%
- 1M
- -0.49%
- 6M
- 0.66%
- YTD
- 1.23%
- 1Y
- 4.33%
- 3Y*
- 4.15%
- 5Y*
- 0.31%
- 10Y*
- 1.43%
HAB.TO vs. VAB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HAB.TO Global X Active Corporate Bond ETF | 0.81% | 4.13% | 7.98% | 7.30% | -9.51% | -1.26% | 8.46% | 7.77% | 0.46% | 4.11% |
VAB.TO Vanguard Canadian Aggregate Bond Index ETF | 1.23% | 2.28% | 3.98% | 6.90% | -11.86% | -2.88% | 8.27% | 6.78% | 1.14% | 2.54% |
Correlation
The correlation between HAB.TO and VAB.TO is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2011 | 0.55 |
The correlation between HAB.TO and VAB.TO has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.
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Return for Risk
HAB.TO vs. VAB.TO — Risk / Return Rank
HAB.TO
VAB.TO
HAB.TO vs. VAB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Active Corporate Bond ETF (HAB.TO) and Vanguard Canadian Aggregate Bond Index ETF (VAB.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.
| HAB.TO | VAB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.53 | +0.29 |
| Martin ratioReturn relative to average drawdown | 4.78 | 3.85 | +0.93 |
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Drawdowns
HAB.TO vs. VAB.TO - Drawdown Comparison
The maximum HAB.TO drawdown since its inception was -23.78%, which is greater than VAB.TO's maximum drawdown of -18.39%. Use the drawdown chart below to compare losses from any high point for HAB.TO and VAB.TO.
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Drawdown Indicators
| HAB.TO | VAB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.78% | -18.39% | -5.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -2.83% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -3.28% | -4.84% | +1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -14.20% | -15.82% | +1.62% |
Max Drawdown (10Y)Largest decline over 10 years | -23.78% | -18.39% | -5.39% |
Current DrawdownCurrent decline from peak | -1.32% | -2.29% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -4.06% | +1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.13% | -0.19% |
Volatility
HAB.TO vs. VAB.TO - Volatility Comparison
Global X Active Corporate Bond ETF (HAB.TO) has a higher volatility of 1.34% compared to Vanguard Canadian Aggregate Bond Index ETF (VAB.TO) at 1.24%. This indicates that HAB.TO's price experiences larger fluctuations and is considered to be riskier than VAB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HAB.TO | VAB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 1.24% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 3.42% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.53% | 4.37% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.49% | 6.58% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.84% | 6.46% | +1.38% |
Dividends
HAB.TO vs. VAB.TO - Dividend Comparison
HAB.TO's dividend yield for the trailing twelve months is around 4.12%, more than VAB.TO's 3.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAB.TO Global X Active Corporate Bond ETF | 4.12% | 4.05% | 3.70% | 3.95% | 3.96% | 2.92% | 2.95% | 2.99% | 3.23% | 3.21% | 3.39% | 3.35% |
VAB.TO Vanguard Canadian Aggregate Bond Index ETF | 3.35% | 3.33% | 3.19% | 2.95% | 2.87% | 2.48% | 2.51% | 2.65% | 2.80% | 2.99% | 2.75% | 2.79% |
Frequently Asked Questions
HAB.TO and VAB.TO have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HAB.TO is categorized as Corporate Bonds, while VAB.TO is Total Bond Market. They also come from different issuers: Global X and Vanguard.
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