VBU.NEO vs. CDLB.TO
VBU.NEO (Vanguard U.S. Aggregate Bond Index ETF) and CDLB.TO (CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series) 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 CDLB.TO is a Intermediate Core-Plus Bond fund actively managed by CI Global Asset Management. VBU.NEO is passively managed, while CDLB.TO is actively managed. Over the past 5 years, VBU.NEO returned -0.93%/yr vs -0.60%/yr for CDLB.TO. At a 0.14 correlation, their price movements are largely independent. VBU.NEO charges 0.22%/yr vs 0.85%/yr for CDLB.TO.
Performance
VBU.NEO vs. CDLB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, VBU.NEO achieves a 0.13% return, which is significantly higher than CDLB.TO's -0.60% return.
VBU.NEO
- 1D
- 0.28%
- 1M
- 0.76%
- YTD
- 0.13%
- 6M
- -0.05%
- 1Y
- 2.43%
- 3Y*
- 2.52%
- 5Y*
- -0.93%
- 10Y*
- 0.70%
CDLB.TO
- 1D
- 0.25%
- 1M
- 0.19%
- YTD
- -0.60%
- 6M
- -0.60%
- 1Y
- 2.43%
- 3Y*
- 3.05%
- 5Y*
- -0.60%
- 10Y*
- —
VBU.NEO vs. CDLB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VBU.NEO Vanguard U.S. Aggregate Bond Index ETF | 0.13% | 4.92% | 0.11% | 4.79% | -13.68% | -2.06% | 2.41% |
CDLB.TO CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series | -0.60% | 5.44% | 2.59% | 2.12% | -12.02% | -0.11% | 3.68% |
Correlation
The correlation between VBU.NEO and CDLB.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 8, 2020 | 0.14 |
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Return for Risk
VBU.NEO vs. CDLB.TO — Risk / Return Rank
VBU.NEO
CDLB.TO
VBU.NEO vs. CDLB.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 DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series (CDLB.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 | CDLB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.21 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 1.19 | -0.39 |
| Martin ratioReturn relative to average drawdown | 2.07 | 2.53 | -0.46 |
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Drawdowns
VBU.NEO vs. CDLB.TO - Drawdown Comparison
The maximum VBU.NEO drawdown since its inception was -19.34%, which is greater than CDLB.TO's maximum drawdown of -17.06%. Use the drawdown chart below to compare losses from any high point for VBU.NEO and CDLB.TO.
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Drawdown Indicators
| VBU.NEO | CDLB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.34% | -17.06% | -2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -2.11% | -0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -5.94% | -5.43% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -18.44% | -17.06% | -1.38% |
Max Drawdown (10Y)Largest decline over 10 years | -19.34% | — | — |
Current DrawdownCurrent decline from peak | -7.41% | -4.02% | -3.39% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -6.58% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 0.99% | +0.19% |
Volatility
VBU.NEO vs. CDLB.TO - Volatility Comparison
Vanguard U.S. Aggregate Bond Index ETF (VBU.NEO) has a higher volatility of 1.25% compared to CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series (CDLB.TO) at 0.58%. This indicates that VBU.NEO's price experiences larger fluctuations and is considered to be riskier than CDLB.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 | CDLB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 0.58% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 3.67% | 2.40% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.73% | 3.89% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.30% | 5.37% | +0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.95% | 4.93% | +1.02% |
VBU.NEO vs. CDLB.TO - Expense Ratio Comparison
VBU.NEO has a 0.22% expense ratio, which is lower than CDLB.TO's 0.85% expense ratio.
Dividends
VBU.NEO vs. CDLB.TO - Dividend Comparison
VBU.NEO's dividend yield for the trailing twelve months is around 3.62%, less than CDLB.TO's 4.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDLB.TO CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series | 4.55% | 4.45% | 4.35% | 3.60% | 2.81% | 2.38% | 1.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VBU.NEO Vanguard U.S. Aggregate Bond Index ETF | 3.62% | 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 CDLB.TO have a correlation of 0.18, 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 0.85% for CDLB.TO.
VBU.NEO is categorized as Total Bond Market, while CDLB.TO is Intermediate Core-Plus Bond. They also come from different issuers: Vanguard and CI Global Asset Management. Their fees differ too: 0.22% for VBU.NEO and 0.85% for CDLB.TO.
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