VBG.NEO vs. HUC.TO
VBG.NEO (Vanguard Global ex-U.S. Aggregate Bond Index ETF (CAD-hedged)) and HUC.TO (Global X Crude Oil ETF) are both exchange-traded funds - VBG.NEO is a Global Bonds fund tracking the Bloomberg Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index (CAD Hedged), while HUC.TO is a Commodities fund tracking the Solactive Light Sweet Crude Oil Winter MD Rolling Futures Index ER. Both are passively managed. Over the past 10 years, VBG.NEO returned 0.33%/yr vs 8.13%/yr for HUC.TO. At a correlation of -0.11, they often move in opposite directions. VBG.NEO charges 0.39%/yr vs 1.09%/yr for HUC.TO.
Performance
VBG.NEO vs. HUC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, VBG.NEO achieves a -0.27% return, which is significantly lower than HUC.TO's 42.05% return. Over the past 10 years, VBG.NEO has underperformed HUC.TO with an annualized return of 0.33%, while HUC.TO has yielded a comparatively higher 8.13% annualized return.
VBG.NEO
- 1D
- 0.09%
- 1M
- 0.02%
- YTD
- -0.27%
- 6M
- -0.75%
- 1Y
- -0.38%
- 3Y*
- 1.83%
- 5Y*
- -1.35%
- 10Y*
- 0.33%
HUC.TO
- 1D
- -2.03%
- 1M
- 4.53%
- YTD
- 42.05%
- 6M
- 36.93%
- 1Y
- 37.56%
- 3Y*
- 11.54%
- 5Y*
- 12.86%
- 10Y*
- 8.13%
VBG.NEO vs. HUC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBG.NEO Vanguard Global ex-U.S. Aggregate Bond Index ETF (CAD-hedged) | -0.27% | 0.14% | 1.68% | 6.85% | -13.38% | -3.03% | 3.87% | 6.33% | 1.34% | 1.78% |
HUC.TO Global X Crude Oil ETF | 42.05% | -13.63% | 7.23% | -2.89% | 26.25% | 57.81% | -21.10% | 19.75% | -11.68% | -3.47% |
Correlation
The correlation between VBG.NEO and HUC.TO is -0.35, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2014 | -0.11 |
Over the past year, the inverse relationship between VBG.NEO and HUC.TO has strengthened: their correlation has moved from -0.11 to -0.35, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
VBG.NEO vs. HUC.TO — Risk / Return Rank
VBG.NEO
HUC.TO
VBG.NEO vs. HUC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global ex-U.S. Aggregate Bond Index ETF (CAD-hedged) (VBG.NEO) and Global X Crude Oil ETF (HUC.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.
| VBG.NEO | HUC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.27 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 2.32 | -2.55 |
| Martin ratioReturn relative to average drawdown | -0.55 | 4.59 | -5.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VBG.NEO | HUC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.19 | 1.48 | -1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | 0.46 | -0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | 0.28 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.13 | +0.10 |
Drawdowns
VBG.NEO vs. HUC.TO - Drawdown Comparison
The maximum VBG.NEO drawdown since its inception was -17.31%, smaller than the maximum HUC.TO drawdown of -76.99%. Use the drawdown chart below to compare losses from any high point for VBG.NEO and HUC.TO.
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Drawdown Indicators
| VBG.NEO | HUC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.31% | -76.99% | +59.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -16.20% | +13.03% |
Max Drawdown (3Y)Largest decline over 3 years | -3.17% | -23.83% | +20.66% |
Max Drawdown (5Y)Largest decline over 5 years | -16.66% | -30.83% | +14.17% |
Max Drawdown (10Y)Largest decline over 10 years | -17.31% | -61.56% | +44.25% |
Current DrawdownCurrent decline from peak | -9.05% | -4.77% | -4.28% |
Average DrawdownAverage peak-to-trough decline | -4.86% | -34.60% | +29.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 8.18% | -6.87% |
Volatility
VBG.NEO vs. HUC.TO - Volatility Comparison
The current volatility for Vanguard Global ex-U.S. Aggregate Bond Index ETF (CAD-hedged) (VBG.NEO) is 1.84%, while Global X Crude Oil ETF (HUC.TO) has a volatility of 11.36%. This indicates that VBG.NEO experiences smaller price fluctuations and is considered to be less risky than HUC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBG.NEO | HUC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 11.36% | -9.52% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 21.24% | -18.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 25.42% | -21.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.20% | 27.87% | -22.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.62% | 29.04% | -24.42% |
VBG.NEO vs. HUC.TO - Expense Ratio Comparison
VBG.NEO has a 0.39% expense ratio, which is lower than HUC.TO's 1.09% expense ratio.
Dividends
VBG.NEO vs. HUC.TO - Dividend Comparison
VBG.NEO's dividend yield for the trailing twelve months is around 3.61%, while HUC.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HUC.TO Global X Crude Oil 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% |
VBG.NEO Vanguard Global ex-U.S. Aggregate Bond Index ETF (CAD-hedged) | 3.61% | 3.46% | 3.25% | 3.44% | 1.14% | 2.91% | 0.64% | 2.54% | 2.34% | 1.74% | 1.41% | 1.26% |
Frequently Asked Questions
VBG.NEO and HUC.TO have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VBG.NEO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VBG.NEO is cheaper with a 0.39% expense ratio, compared with 1.09% for HUC.TO.
VBG.NEO is categorized as Global Bonds, while HUC.TO is Commodities. VBG.NEO tracks Bloomberg Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index (CAD Hedged), while HUC.TO tracks Solactive Light Sweet Crude Oil Winter MD Rolling Futures Index ER. They also come from different issuers: Vanguard and Global X. Their fees differ too: 0.39% for VBG.NEO and 1.09% for HUC.TO.
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