VAB.TO vs. TLTW
Compare and contrast key facts about Vanguard Canadian Aggregate Bond Index ETF (VAB.TO) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW).
VAB.TO and TLTW 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. TLTW is a passively managed fund by iShares that tracks the performance of the CBOE TLT 2% OTM Buywrite Index (USD). It was launched on Jun 18, 2022. Both VAB.TO and TLTW 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 TLTW.
Key characteristics
| VAB.TO | TLTW | |
|---|---|---|
| YTD Return | 2.66% | -1.26% |
| 1Y Return | 7.70% | 2.26% |
| Sharpe Ratio | 1.45 | 0.24 |
| Sortino Ratio | 2.13 | 0.39 |
| Omega Ratio | 1.25 | 1.05 |
| Calmar Ratio | 0.63 | 0.14 |
| Martin Ratio | 4.95 | 0.74 |
| Ulcer Index | 1.78% | 3.43% |
| Daily Std Dev | 6.08% | 10.38% |
| Max Drawdown | -18.39% | -18.59% |
| Current Drawdown | -6.83% | -12.33% |
Correlation
The correlation between VAB.TO and TLTW is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VAB.TO vs. TLTW - Performance Comparison
In the year-to-date period, VAB.TO achieves a 2.66% return, which is significantly higher than TLTW's -1.26% 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. TLTW - Expense Ratio Comparison
VAB.TO has a 0.09% expense ratio, which is lower than TLTW's 0.35% expense ratio.
Risk-Adjusted Performance
VAB.TO vs. TLTW - 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 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). 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. TLTW - Dividend Comparison
VAB.TO's dividend yield for the trailing twelve months is around 3.20%, less than TLTW's 15.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VAB.TO Vanguard Canadian Aggregate Bond Index ETF | 3.20% | 2.95% | 2.87% | 2.48% | 2.50% | 2.65% | 2.79% | 2.77% | 2.75% | 2.78% | 2.87% | 3.21% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 15.42% | 19.59% | 8.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VAB.TO vs. TLTW - Drawdown Comparison
The maximum VAB.TO drawdown since its inception was -18.39%, roughly equal to the maximum TLTW drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for VAB.TO and TLTW. For additional features, visit the drawdowns tool.
Volatility
VAB.TO vs. TLTW - Volatility Comparison
The current volatility for Vanguard Canadian Aggregate Bond Index ETF (VAB.TO) is 2.62%, while iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) has a volatility of 4.54%. This indicates that VAB.TO experiences smaller price fluctuations and is considered to be less risky than TLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.