VAB.TO vs. DGRO
Compare and contrast key facts about Vanguard Canadian Aggregate Bond Index ETF (VAB.TO) and iShares Core Dividend Growth ETF (DGRO).
VAB.TO and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VAB.TO is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate Canadian Float Adjusted Bond Index. It was launched on Nov 30, 2011. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014. Both VAB.TO and DGRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VAB.TO or DGRO.
Key characteristics
| VAB.TO | DGRO | |
|---|---|---|
| YTD Return | 3.79% | 16.47% |
| 1Y Return | 11.64% | 23.34% |
| 3Y Return (Ann) | -0.61% | 8.98% |
| 5Y Return (Ann) | 0.42% | 12.27% |
| 10Y Return (Ann) | 2.12% | 11.87% |
| Sharpe Ratio | 1.66 | 2.27 |
| Daily Std Dev | 6.59% | 10.16% |
| Max Drawdown | -18.39% | -35.10% |
| Current Drawdown | -5.81% | -0.26% |
Correlation
The correlation between VAB.TO and DGRO is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VAB.TO vs. DGRO - Performance Comparison
In the year-to-date period, VAB.TO achieves a 3.79% return, which is significantly lower than DGRO's 16.47% return. Over the past 10 years, VAB.TO has underperformed DGRO with an annualized return of 2.12%, while DGRO has yielded a comparatively higher 11.87% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VAB.TO vs. DGRO - Expense Ratio Comparison
VAB.TO has a 0.09% expense ratio, which is higher than DGRO's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VAB.TO vs. DGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Canadian Aggregate Bond Index ETF (VAB.TO) and iShares Core Dividend Growth ETF (DGRO). 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.
Dividends
VAB.TO vs. DGRO - Dividend Comparison
VAB.TO's dividend yield for the trailing twelve months is around 3.10%, more than DGRO's 2.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VAB.TO Vanguard Canadian Aggregate Bond Index ETF | 3.10% | 2.95% | 2.87% | 2.48% | 2.50% | 2.65% | 2.79% | 2.77% | 2.75% | 2.78% | 2.87% | 3.21% |
DGRO iShares Core Dividend Growth ETF | 2.20% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% | 0.00% |
Drawdowns
VAB.TO vs. DGRO - Drawdown Comparison
The maximum VAB.TO drawdown since its inception was -18.39%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for VAB.TO and DGRO. For additional features, visit the drawdowns tool.
Volatility
VAB.TO vs. DGRO - Volatility Comparison
The current volatility for Vanguard Canadian Aggregate Bond Index ETF (VAB.TO) is 2.02%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 2.67%. This indicates that VAB.TO experiences smaller price fluctuations and is considered to be less risky than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.