VBG.NEO vs. VUN.TO
VBG.NEO (Vanguard Global ex-U.S. Aggregate Bond Index ETF (CAD-hedged)) and VUN.TO (Vanguard U.S. Total Market Index 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 VUN.TO is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Both are passively managed. Over the past 10 years, VBG.NEO returned 0.33%/yr vs 15.54%/yr for VUN.TO. At a 0.06 correlation, their price movements are largely independent. VBG.NEO charges 0.39%/yr vs 0.17%/yr for VUN.TO.
Performance
VBG.NEO vs. VUN.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 VUN.TO's 13.00% return. Over the past 10 years, VBG.NEO has underperformed VUN.TO with an annualized return of 0.33%, while VUN.TO has yielded a comparatively higher 15.54% 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%
VUN.TO
- 1D
- 0.51%
- 1M
- 6.61%
- YTD
- 13.00%
- 6M
- 10.91%
- 1Y
- 30.37%
- 3Y*
- 23.24%
- 5Y*
- 15.62%
- 10Y*
- 15.54%
VBG.NEO vs. VUN.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% |
VUN.TO Vanguard U.S. Total Market Index ETF | 13.00% | 11.43% | 33.76% | 23.00% | -14.20% | 24.54% | 18.22% | 23.99% | 2.35% | 13.01% |
Correlation
The correlation between VBG.NEO and VUN.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2014 | 0.06 |
Over the past year, VBG.NEO and VUN.TO have become more correlated (0.28) than their long-term average of 0.06, meaning their price movements have been converging.
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Return for Risk
VBG.NEO vs. VUN.TO — Risk / Return Rank
VBG.NEO
VUN.TO
VBG.NEO vs. VUN.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 Vanguard U.S. Total Market Index ETF (VUN.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 | VUN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.75 | ||
| Sortino ratioReturn per unit of downside risk | -3.75 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.47 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 3.58 | -3.81 |
| Martin ratioReturn relative to average drawdown | -0.55 | 13.42 | -13.97 |
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 | VUN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.19 | 2.55 | -2.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | 1.02 | -1.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | 0.94 | -0.86 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 1.01 | -0.78 |
Drawdowns
VBG.NEO vs. VUN.TO - Drawdown Comparison
The maximum VBG.NEO drawdown since its inception was -17.31%, smaller than the maximum VUN.TO drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for VBG.NEO and VUN.TO.
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Drawdown Indicators
| VBG.NEO | VUN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.31% | -28.19% | +10.88% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -8.51% | +5.34% |
Max Drawdown (3Y)Largest decline over 3 years | -3.17% | -19.88% | +16.71% |
Max Drawdown (5Y)Largest decline over 5 years | -16.66% | -23.67% | +7.01% |
Max Drawdown (10Y)Largest decline over 10 years | -17.31% | -28.19% | +10.88% |
Current DrawdownCurrent decline from peak | -9.05% | 0.00% | -9.05% |
Average DrawdownAverage peak-to-trough decline | -4.86% | -3.80% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 2.27% | -0.96% |
Volatility
VBG.NEO vs. VUN.TO - Volatility Comparison
The current volatility for Vanguard Global ex-U.S. Aggregate Bond Index ETF (CAD-hedged) (VBG.NEO) is 1.84%, while Vanguard U.S. Total Market Index ETF (VUN.TO) has a volatility of 2.96%. This indicates that VBG.NEO experiences smaller price fluctuations and is considered to be less risky than VUN.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 | VUN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 2.96% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 8.82% | -5.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 11.95% | -8.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.20% | 15.43% | -10.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.62% | 16.70% | -12.08% |
VBG.NEO vs. VUN.TO - Expense Ratio Comparison
VBG.NEO has a 0.39% expense ratio, which is higher than VUN.TO's 0.17% expense ratio.
Dividends
VBG.NEO vs. VUN.TO - Dividend Comparison
VBG.NEO's dividend yield for the trailing twelve months is around 3.61%, more than VUN.TO's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VUN.TO Vanguard U.S. Total Market Index ETF | 0.74% | 0.84% | 0.93% | 1.10% | 1.21% | 0.97% | 1.15% | 1.45% | 1.52% | 1.39% | 1.49% | 1.49% |
Frequently Asked Questions
VBG.NEO and VUN.TO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUN.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUN.TO is cheaper with a 0.17% expense ratio, compared with 0.39% for VBG.NEO.
VBG.NEO is categorized as Global Bonds, while VUN.TO is Large Cap Blend Equities. VBG.NEO tracks Bloomberg Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index (CAD Hedged), while VUN.TO tracks CRSP US Total Market Index. Their fees differ too: 0.39% for VBG.NEO and 0.17% for VUN.TO.
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