VAB.TO vs. CAGG.TO
VAB.TO (Vanguard Canadian Aggregate Bond Index ETF) and CAGG.TO (CI Canadian Aggregate Bond Index ETF) are both Total Bond Market funds. Over the past 5 years, VAB.TO returned 0.31%/yr vs 0.58%/yr for CAGG.TO. At a 0.44 correlation, their price movements are largely independent.
Performance
VAB.TO vs. CAGG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, VAB.TO achieves a 1.23% return, which is significantly lower than CAGG.TO's 1.35% return.
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%
CAGG.TO
- 1D
- 0.32%
- 1M
- -0.45%
- 6M
- 0.76%
- YTD
- 1.35%
- 1Y
- 4.50%
- 3Y*
- 4.54%
- 5Y*
- 0.58%
- 10Y*
- —
VAB.TO vs. CAGG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -1.12% |
CAGG.TO CI Canadian Aggregate Bond Index ETF | 1.35% | 2.45% | 4.41% | 7.28% | -11.36% | -3.39% | 7.32% | 9.39% | 0.30% | -0.53% |
Correlation
The correlation between VAB.TO and CAGG.TO is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2017 | 0.44 |
Over the past year, VAB.TO and CAGG.TO have become more correlated (0.71) than their long-term average of 0.44, meaning their price movements have been converging.
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Return for Risk
VAB.TO vs. CAGG.TO — Risk / Return Rank
VAB.TO
CAGG.TO
VAB.TO vs. CAGG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Canadian Aggregate Bond Index ETF (VAB.TO) and CI Canadian Aggregate Bond Index ETF (CAGG.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.
| VAB.TO | CAGG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.65 | -0.12 |
| Martin ratioReturn relative to average drawdown | 3.85 | 4.11 | -0.26 |
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Drawdowns
VAB.TO vs. CAGG.TO - Drawdown Comparison
The maximum VAB.TO drawdown since its inception was -18.39%, roughly equal to the maximum CAGG.TO drawdown of -18.77%. Use the drawdown chart below to compare losses from any high point for VAB.TO and CAGG.TO.
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Drawdown Indicators
| VAB.TO | CAGG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.39% | -18.77% | +0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -2.73% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -4.84% | -4.47% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -15.82% | -16.68% | +0.86% |
Max Drawdown (10Y)Largest decline over 10 years | -18.39% | — | — |
Current DrawdownCurrent decline from peak | -2.29% | -1.09% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -4.06% | -5.48% | +1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 1.10% | +0.03% |
Volatility
VAB.TO vs. CAGG.TO - Volatility Comparison
The current volatility for Vanguard Canadian Aggregate Bond Index ETF (VAB.TO) is 1.24%, while CI Canadian Aggregate Bond Index ETF (CAGG.TO) has a volatility of 1.41%. This indicates that VAB.TO experiences smaller price fluctuations and is considered to be less risky than CAGG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAB.TO | CAGG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.41% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.42% | 3.28% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 4.29% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.58% | 6.19% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.46% | 7.03% | -0.57% |
Dividends
VAB.TO vs. CAGG.TO - Dividend Comparison
VAB.TO's dividend yield for the trailing twelve months is around 3.35%, less than CAGG.TO's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAGG.TO CI Canadian Aggregate Bond Index ETF | 3.56% | 3.36% | 2.82% | 3.25% | 4.11% | 2.42% | 2.77% | 3.00% | 2.74% | 1.51% | 0.00% | 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
VAB.TO and CAGG.TO have a correlation of 0.71, 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: Vanguard and CI.
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