MFT.TO vs. VAB.TO
MFT.TO (Mackenzie Floating Rate Income ETF) and VAB.TO (Vanguard Canadian Aggregate Bond Index ETF) are both exchange-traded funds - MFT.TO is a Corporate Bonds fund actively managed by Mackenzie, while VAB.TO is a Total Bond Market fund tracking the Bloomberg Global Aggregate Canadian Float Adjusted Bond Index. MFT.TO is actively managed, while VAB.TO is passively managed. Over the past 10 years, MFT.TO returned 4.41%/yr vs 1.43%/yr for VAB.TO. At a 0.04 correlation, their price movements are largely independent.
Performance
MFT.TO vs. VAB.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MFT.TO achieves a 2.53% return, which is significantly higher than VAB.TO's 1.23% return. Over the past 10 years, MFT.TO has outperformed VAB.TO with an annualized return of 4.41%, while VAB.TO has yielded a comparatively lower 1.43% annualized return.
MFT.TO
- 1D
- 0.00%
- 1M
- 0.67%
- 6M
- 2.08%
- YTD
- 2.53%
- 1Y
- 2.43%
- 3Y*
- 5.49%
- 5Y*
- 3.71%
- 10Y*
- 4.41%
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%
MFT.TO vs. VAB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFT.TO Mackenzie Floating Rate Income ETF | 2.53% | 0.81% | 8.84% | 11.99% | -6.31% | 5.56% | -0.64% | 6.00% | 2.29% | 5.89% |
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 MFT.TO and VAB.TO is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2016 | 0.04 |
The correlation between MFT.TO and VAB.TO shifts across timeframes, from -0.06 (1 year) to 0.07 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MFT.TO vs. VAB.TO — Risk / Return Rank
MFT.TO
VAB.TO
MFT.TO vs. VAB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie Floating Rate Income ETF (MFT.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.
| MFT.TO | VAB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.18 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.53 | +0.30 |
| Martin ratioReturn relative to average drawdown | 4.39 | 3.85 | +0.54 |
Loading charts...
Drawdowns
MFT.TO vs. VAB.TO - Drawdown Comparison
The maximum MFT.TO drawdown since its inception was -20.87%, 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 MFT.TO and VAB.TO.
Loading charts...
Drawdown Indicators
| MFT.TO | VAB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.87% | -18.39% | -2.48% |
Max Drawdown (1Y)Largest decline over 1 year | -1.33% | -2.83% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | -4.84% | +1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -7.45% | -15.82% | +8.37% |
Max Drawdown (10Y)Largest decline over 10 years | -20.87% | -18.39% | -2.48% |
Current DrawdownCurrent decline from peak | 0.00% | -2.29% | +2.29% |
Average DrawdownAverage peak-to-trough decline | -1.38% | -4.06% | +2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 1.13% | -0.58% |
Volatility
MFT.TO vs. VAB.TO - Volatility Comparison
The current volatility for Mackenzie Floating Rate Income ETF (MFT.TO) is 0.79%, while Vanguard Canadian Aggregate Bond Index ETF (VAB.TO) has a volatility of 1.24%. This indicates that MFT.TO experiences smaller price fluctuations and is considered to be less risky than VAB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MFT.TO | VAB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 1.24% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 1.80% | 3.42% | -1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.61% | 4.37% | -1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.71% | 6.58% | -2.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 6.46% | -1.36% |
Dividends
MFT.TO vs. VAB.TO - Dividend Comparison
MFT.TO's dividend yield for the trailing twelve months is around 8.29%, more than VAB.TO's 3.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFT.TO Mackenzie Floating Rate Income ETF | 8.29% | 8.57% | 9.44% | 10.40% | 6.26% | 3.89% | 6.18% | 6.97% | 6.14% | 4.84% | 3.94% | 0.00% |
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
MFT.TO and VAB.TO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFT.TO is categorized as Corporate Bonds, while VAB.TO is Total Bond Market. They also come from different issuers: Mackenzie and Vanguard.
Find the right allocation for MFT.TO and VAB.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer