HBB.TO vs. VBU.NEO
HBB.TO (Global X Canadian Select Universe Bond Index Corporate Class ETF) and VBU.NEO (Vanguard U.S. Aggregate Bond Index ETF) are both Total Bond Market funds - HBB.TO tracks the Solactive Canadian Select Universe Bond while VBU.NEO tracks the Bloomberg U.S. Aggregate Float Adjusted Bond Index (CAD Hedged). Both are passively managed. Over the past 10 years, HBB.TO returned 1.36%/yr vs 0.70%/yr for VBU.NEO. A 0.61 correlation means they provide meaningful diversification when combined. HBB.TO charges 0.09%/yr vs 0.22%/yr for VBU.NEO.
Performance
HBB.TO vs. VBU.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, HBB.TO achieves a 2.02% return, which is significantly higher than VBU.NEO's 0.13% return. Over the past 10 years, HBB.TO has outperformed VBU.NEO with an annualized return of 1.36%, while VBU.NEO has yielded a comparatively lower 0.70% annualized return.
HBB.TO
- 1D
- 0.39%
- 1M
- 1.01%
- YTD
- 2.02%
- 6M
- 1.80%
- 1Y
- 3.10%
- 3Y*
- 4.11%
- 5Y*
- 0.37%
- 10Y*
- 1.36%
VBU.NEO
- 1D
- 0.28%
- 1M
- 0.76%
- YTD
- 0.13%
- 6M
- -0.05%
- 1Y
- 2.43%
- 3Y*
- 2.52%
- 5Y*
- -0.93%
- 10Y*
- 0.70%
HBB.TO vs. VBU.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HBB.TO Global X Canadian Select Universe Bond Index Corporate Class ETF | 2.02% | 1.84% | 3.96% | 5.76% | -11.94% | -2.35% | 8.33% | 5.81% | 1.19% | 1.98% |
VBU.NEO Vanguard U.S. Aggregate Bond Index ETF | 0.13% | 4.92% | 0.11% | 4.79% | -13.68% | -2.06% | 7.26% | 7.77% | -1.09% | 3.47% |
Correlation
The correlation between HBB.TO and VBU.NEO is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2014 | 0.61 |
The correlation between HBB.TO and VBU.NEO shifts across timeframes, from 0.61 (all time) to 0.76 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HBB.TO vs. VBU.NEO — Risk / Return Rank
HBB.TO
VBU.NEO
HBB.TO vs. VBU.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.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.
| HBB.TO | VBU.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.10 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 0.80 | +0.32 |
| Martin ratioReturn relative to average drawdown | 2.52 | 2.07 | +0.44 |
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Drawdowns
HBB.TO vs. VBU.NEO - Drawdown Comparison
The maximum HBB.TO drawdown since its inception was -18.23%, smaller than the maximum VBU.NEO drawdown of -19.34%. Use the drawdown chart below to compare losses from any high point for HBB.TO and VBU.NEO.
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Drawdown Indicators
| HBB.TO | VBU.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.23% | -19.34% | +1.11% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -3.08% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -5.56% | -5.94% | +0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -16.19% | -18.44% | +2.25% |
Max Drawdown (10Y)Largest decline over 10 years | -18.23% | -19.34% | +1.11% |
Current DrawdownCurrent decline from peak | -2.45% | -7.41% | +4.96% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -5.31% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.18% | +0.05% |
Volatility
HBB.TO vs. VBU.NEO - Volatility Comparison
The current volatility for Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.TO) is 1.08%, while Vanguard U.S. Aggregate Bond Index ETF (VBU.NEO) has a volatility of 1.25%. This indicates that HBB.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
| HBB.TO | VBU.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.25% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.38% | 3.67% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.48% | 4.73% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.55% | 6.30% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.09% | 5.95% | +1.14% |
HBB.TO vs. VBU.NEO - Expense Ratio Comparison
HBB.TO has a 0.09% expense ratio, which is lower than VBU.NEO'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
HBB.TO vs. VBU.NEO - Dividend Comparison
HBB.TO has not paid dividends to shareholders, while VBU.NEO's dividend yield for the trailing twelve months is around 3.62%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBB.TO Global X Canadian Select Universe Bond Index Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
HBB.TO and VBU.NEO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HBB.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HBB.TO is cheaper with a 0.09% expense ratio, compared with 0.22% for VBU.NEO.
HBB.TO tracks Solactive Canadian Select Universe Bond, while VBU.NEO tracks Bloomberg U.S. Aggregate Float Adjusted Bond Index (CAD Hedged). They also come from different issuers: Global X and Vanguard. Their fees differ too: 0.09% for HBB.TO and 0.22% for VBU.NEO.
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