VBU.NEO vs. BOND
VBU.NEO (Vanguard U.S. Aggregate Bond Index ETF) and BOND (PIMCO Active Bond ETF) are both exchange-traded funds - VBU.NEO is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Bond Index (CAD Hedged), while BOND is a Intermediate Core-Plus Bond fund actively managed by PIMCO. VBU.NEO is passively managed, while BOND is actively managed. Over the past 10 years, VBU.NEO returned -0.16%/yr vs 3.05%/yr for BOND. At a 0.36 correlation, their price movements are largely independent. VBU.NEO charges 0.22%/yr vs 0.54%/yr for BOND.
Performance
VBU.NEO vs. BOND - Performance Comparison
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Different Trading Currencies
VBU.NEO is traded in CAD, while BOND is traded in USD. To make them comparable, the BOND 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 -2.13% return, which is significantly lower than BOND's 2.05% return. Over the past 10 years, VBU.NEO has underperformed BOND with an annualized return of -0.16%, while BOND has yielded a comparatively higher 3.05% annualized return.
VBU.NEO
- 1D
- 0.14%
- 1M
- -0.19%
- YTD
- -2.13%
- 6M
- -2.49%
- 1Y
- -1.03%
- 3Y*
- -0.45%
- 5Y*
- -2.71%
- 10Y*
- -0.16%
BOND
- 1D
- 0.29%
- 1M
- 2.49%
- YTD
- 2.05%
- 6M
- 0.49%
- 1Y
- 7.99%
- 3Y*
- 6.28%
- 5Y*
- 3.44%
- 10Y*
- 3.05%
VBU.NEO vs. BOND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBU.NEO Vanguard U.S. Aggregate Bond Index ETF | -2.13% | 1.31% | -2.90% | 4.56% | -13.69% | -2.10% | 7.24% | 7.76% | -1.05% | 3.47% |
BOND PIMCO Active Bond ETF | 2.05% | 3.42% | 11.60% | 4.14% | -8.48% | -1.67% | 5.97% | 3.20% | 8.57% | -1.91% |
Correlation
The correlation between VBU.NEO and BOND 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 | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2014 | 0.36 |
The correlation between VBU.NEO and BOND shifts across timeframes, from 0.36 (all time) to 0.54 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VBU.NEO vs. BOND — Risk / Return Rank
VBU.NEO
BOND
VBU.NEO vs. BOND - 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 PIMCO Active Bond ETF (BOND). 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 | BOND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.26 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 2.02 | -2.24 |
| Martin ratioReturn relative to average drawdown | -0.59 | 4.59 | -5.18 |
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 | BOND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.22 | 1.47 | -1.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.43 | 0.47 | -0.90 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | 0.40 | -0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.70 | -0.62 |
Drawdowns
VBU.NEO vs. BOND - Drawdown Comparison
The maximum VBU.NEO drawdown since its inception was -19.38%, which is greater than BOND's maximum drawdown of -18.33%. Use the drawdown chart below to compare losses from any high point for VBU.NEO and BOND.
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Drawdown Indicators
| VBU.NEO | BOND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.38% | -18.33% | -1.05% |
Max Drawdown (1Y)Largest decline over 1 year | -4.55% | -3.98% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -6.80% | -7.07% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -18.46% | -14.90% | -3.56% |
Max Drawdown (10Y)Largest decline over 10 years | -19.38% | -18.33% | -1.05% |
Current DrawdownCurrent decline from peak | -15.47% | -0.88% | -14.59% |
Average DrawdownAverage peak-to-trough decline | -6.05% | -5.06% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 1.75% | -0.01% |
Volatility
VBU.NEO vs. BOND - Volatility Comparison
Vanguard U.S. Aggregate Bond Index ETF (VBU.NEO) has a higher volatility of 2.45% compared to PIMCO Active Bond ETF (BOND) at 1.39%. This indicates that VBU.NEO's price experiences larger fluctuations and is considered to be riskier than BOND 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 | BOND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.45% | 1.39% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.49% | 4.27% | -0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.79% | 5.46% | -0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.33% | 7.39% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.97% | 7.57% | -1.60% |
VBU.NEO vs. BOND - Expense Ratio Comparison
VBU.NEO has a 0.22% expense ratio, which is lower than BOND's 0.54% expense ratio.
Dividends
VBU.NEO vs. BOND - Dividend Comparison
VBU.NEO has not paid dividends to shareholders, while BOND's dividend yield for the trailing twelve months is around 5.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 5.18% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
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 BOND 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, VBU.NEO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VBU.NEO is cheaper with a 0.22% expense ratio, compared with 0.54% for BOND.
VBU.NEO is categorized as Total Bond Market, while BOND is Intermediate Core-Plus Bond. They also come from different issuers: Vanguard and PIMCO. Their fees differ too: 0.22% for VBU.NEO and 0.54% for BOND.
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