VBU.NEO vs. BND
VBU.NEO (Vanguard U.S. Aggregate Bond Index ETF) and BND (Vanguard Total Bond Market ETF) are both Total Bond Market funds from Vanguard - VBU.NEO tracks the Bloomberg U.S. Aggregate Float Adjusted Bond Index (CAD Hedged) while BND tracks the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 10 years, VBU.NEO returned -0.19%/yr vs 2.31%/yr for BND. At a 0.40 correlation, their price movements are largely independent. VBU.NEO charges 0.22%/yr vs 0.03%/yr for BND.
Performance
VBU.NEO vs. BND - Performance Comparison
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Different Trading Currencies
VBU.NEO is traded in CAD, while BND is traded in USD. To make them comparable, the BND values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VBU.NEO achieves a -2.27% return, which is significantly lower than BND's 1.55% return. Over the past 10 years, VBU.NEO has underperformed BND with an annualized return of -0.19%, while BND has yielded a comparatively higher 2.31% annualized return.
VBU.NEO
- 1D
- -0.19%
- 1M
- -0.19%
- YTD
- -2.27%
- 6M
- -2.80%
- 1Y
- -0.52%
- 3Y*
- -0.50%
- 5Y*
- -2.73%
- 10Y*
- -0.19%
BND
- 1D
- 0.22%
- 1M
- 2.27%
- YTD
- 1.55%
- 6M
- -0.27%
- 1Y
- 6.46%
- 3Y*
- 5.17%
- 5Y*
- 2.95%
- 10Y*
- 2.31%
VBU.NEO vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBU.NEO Vanguard U.S. Aggregate Bond Index ETF | -2.27% | 1.31% | -2.90% | 4.56% | -13.69% | -2.10% | 7.24% | 7.76% | -1.05% | 3.47% |
BND Vanguard Total Bond Market ETF | 1.55% | 2.17% | 10.09% | 3.33% | -6.92% | -2.75% | 5.89% | 3.49% | 8.36% | -3.03% |
Correlation
The correlation between VBU.NEO and BND is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2014 | 0.40 |
The correlation between VBU.NEO and BND shifts across timeframes, from 0.40 (all time) to 0.55 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VBU.NEO vs. BND — Risk / Return Rank
VBU.NEO
BND
VBU.NEO vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Aggregate Bond Index ETF (VBU.NEO) and Vanguard Total Bond Market ETF (BND). 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.
| VBU.NEO | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.21 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 1.47 | -1.58 |
| Martin ratioReturn relative to average drawdown | -0.30 | 3.36 | -3.66 |
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
| VBU.NEO | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.11 | 1.19 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.43 | 0.38 | -0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | 0.29 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.43 | -0.36 |
Drawdowns
VBU.NEO vs. BND - Drawdown Comparison
The maximum VBU.NEO drawdown since its inception was -19.38%, roughly equal to the maximum BND drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for VBU.NEO and BND.
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Drawdown Indicators
| VBU.NEO | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.38% | -19.96% | +0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -4.55% | -4.42% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -6.80% | -6.73% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -18.46% | -12.90% | -5.56% |
Max Drawdown (10Y)Largest decline over 10 years | -19.38% | -19.96% | +0.58% |
Current DrawdownCurrent decline from peak | -15.59% | -1.65% | -13.94% |
Average DrawdownAverage peak-to-trough decline | -6.05% | -6.46% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 1.93% | -0.21% |
Volatility
VBU.NEO vs. BND - Volatility Comparison
Vanguard U.S. Aggregate Bond Index ETF (VBU.NEO) has a higher volatility of 2.45% compared to Vanguard Total Bond Market ETF (BND) at 1.32%. This indicates that VBU.NEO's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBU.NEO | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.45% | 1.32% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 3.49% | 4.22% | -0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.79% | 5.44% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.33% | 7.79% | -1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.97% | 7.97% | -2.00% |
VBU.NEO vs. BND - Expense Ratio Comparison
VBU.NEO has a 0.22% expense ratio, which is higher than BND's 0.03% 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%.
Dividends
VBU.NEO vs. BND - Dividend Comparison
VBU.NEO has not paid dividends to shareholders, while BND's dividend yield for the trailing twelve months is around 3.97%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.97% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
VBU.NEO Vanguard U.S. Aggregate Bond Index ETF | 0.00% | 0.00% | 0.24% | 2.72% | 2.31% | 1.83% | 2.14% | 2.36% | 2.28% | 2.20% | 2.19% | 2.18% |
Frequently Asked Questions
VBU.NEO and BND have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BND is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BND is cheaper with a 0.03% expense ratio, compared with 0.22% for VBU.NEO.
VBU.NEO tracks Bloomberg U.S. Aggregate Float Adjusted Bond Index (CAD Hedged), while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. Their fees differ too: 0.22% for VBU.NEO and 0.03% for BND.
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