VBU.NEO vs. CAGG.TO
VBU.NEO (Vanguard U.S. Aggregate Bond Index ETF) and CAGG.TO (CI Canadian Aggregate Bond Index ETF) are both Total Bond Market funds. Over the past 5 years, VBU.NEO returned -1.34%/yr vs 0.58%/yr for CAGG.TO. At a 0.31 correlation, their price movements are largely independent.
Performance
VBU.NEO vs. CAGG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, VBU.NEO achieves a -0.70% return, which is significantly lower than CAGG.TO's 1.35% return.
VBU.NEO
- 1D
- 0.02%
- 1M
- -0.46%
- 6M
- -1.12%
- YTD
- -0.70%
- 1Y
- 2.37%
- 3Y*
- 2.31%
- 5Y*
- -1.34%
- 10Y*
- 0.51%
CAGG.TO
- 1D
- 0.32%
- 1M
- -0.45%
- 6M
- 0.76%
- YTD
- 1.35%
- 1Y
- 4.50%
- 3Y*
- 4.54%
- 5Y*
- 0.58%
- 10Y*
- —
VBU.NEO vs. CAGG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBU.NEO Vanguard U.S. Aggregate Bond Index ETF | -0.70% | 4.92% | 0.11% | 4.79% | -13.68% | -2.06% | 7.26% | 7.77% | -1.09% | 0.12% |
CAGG.TO CI Canadian Aggregate Bond Index ETF | 1.35% | 2.45% | 4.41% | 7.28% | -11.36% | -3.39% | 7.32% | 9.39% | 0.30% | -0.53% |
Correlation
The correlation between VBU.NEO and CAGG.TO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2017 | 0.31 |
The correlation between VBU.NEO and CAGG.TO shifts across timeframes, from 0.31 (5 years) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VBU.NEO vs. CAGG.TO — Risk / Return Rank
VBU.NEO
CAGG.TO
VBU.NEO vs. CAGG.TO - 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 CI Canadian Aggregate Bond Index ETF (CAGG.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VBU.NEO | CAGG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.21 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 1.65 | -0.88 |
| Martin ratioReturn relative to average drawdown | 2.00 | 4.11 | -2.12 |
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Drawdowns
VBU.NEO vs. CAGG.TO - Drawdown Comparison
The maximum VBU.NEO drawdown since its inception was -19.34%, roughly equal to the maximum CAGG.TO drawdown of -18.77%. Use the drawdown chart below to compare losses from any high point for VBU.NEO and CAGG.TO.
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Drawdown Indicators
| VBU.NEO | CAGG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.34% | -18.77% | -0.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -2.73% | -0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -5.94% | -4.47% | -1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -18.44% | -16.68% | -1.76% |
Max Drawdown (10Y)Largest decline over 10 years | -19.34% | — | — |
Current DrawdownCurrent decline from peak | -8.18% | -1.09% | -7.09% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -5.48% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 1.10% | +0.09% |
Volatility
VBU.NEO vs. CAGG.TO - Volatility Comparison
The current volatility for Vanguard U.S. Aggregate Bond Index ETF (VBU.NEO) is 1.24%, while CI Canadian Aggregate Bond Index ETF (CAGG.TO) has a volatility of 1.41%. This indicates that VBU.NEO experiences smaller price fluctuations and is considered to be less risky than CAGG.TO 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 | CAGG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.41% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.71% | 3.28% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.45% | 4.29% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.30% | 6.19% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.95% | 7.03% | -1.08% |
Dividends
VBU.NEO vs. CAGG.TO - Dividend Comparison
VBU.NEO's dividend yield for the trailing twelve months is around 3.67%, more than CAGG.TO's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAGG.TO CI Canadian Aggregate Bond Index ETF | 3.56% | 3.36% | 2.82% | 3.25% | 4.11% | 2.42% | 2.77% | 3.00% | 2.74% | 1.51% | 0.00% | 0.00% |
VBU.NEO Vanguard U.S. Aggregate Bond Index ETF | 3.67% | 3.50% | 3.34% | 2.93% | 2.32% | 1.87% | 2.15% | 2.36% | 2.24% | 2.20% | 2.18% | 2.23% |
Frequently Asked Questions
VBU.NEO and CAGG.TO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Vanguard and CI.
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