VBU.NEO vs. HBB.TO
VBU.NEO (Vanguard U.S. Aggregate Bond Index ETF) and HBB.TO (Global X Canadian Select Universe Bond Index Corporate Class ETF) are both Total Bond Market funds - VBU.NEO tracks the Bloomberg U.S. Aggregate Float Adjusted Bond Index (CAD Hedged) while HBB.TO tracks the Solactive Canadian Select Universe Bond. Both are passively managed. Over the past 10 years, VBU.NEO returned 0.70%/yr vs 1.30%/yr for HBB.TO. A 0.61 correlation means they provide meaningful diversification when combined. VBU.NEO charges 0.22%/yr vs 0.09%/yr for HBB.TO.
Performance
VBU.NEO vs. HBB.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 lower than HBB.TO's 1.78% return. Over the past 10 years, VBU.NEO has underperformed HBB.TO with an annualized return of 0.70%, while HBB.TO has yielded a comparatively higher 1.30% annualized 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%
HBB.TO
- 1D
- -0.24%
- 1M
- 0.65%
- YTD
- 1.78%
- 6M
- 1.56%
- 1Y
- 3.21%
- 3Y*
- 3.88%
- 5Y*
- 0.32%
- 10Y*
- 1.30%
VBU.NEO vs. HBB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBU.NEO Vanguard U.S. Aggregate Bond Index ETF | 0.13% | 4.92% | 0.11% | 4.79% | -13.68% | -2.06% | 7.26% | 7.77% | -1.09% | 3.47% |
HBB.TO Global X Canadian Select Universe Bond Index Corporate Class ETF | 1.78% | 1.84% | 3.96% | 5.76% | -11.94% | -2.35% | 8.33% | 5.81% | 1.19% | 1.98% |
Correlation
The correlation between VBU.NEO and HBB.TO is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2014 | 0.61 |
The correlation between VBU.NEO and HBB.TO shifts across timeframes, from 0.61 (all time) to 0.75 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VBU.NEO vs. HBB.TO — Risk / Return Rank
VBU.NEO
HBB.TO
VBU.NEO vs. HBB.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 Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.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 | HBB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.13 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 1.16 | -0.36 |
| Martin ratioReturn relative to average drawdown | 2.07 | 2.61 | -0.54 |
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Drawdowns
VBU.NEO vs. HBB.TO - Drawdown Comparison
The maximum VBU.NEO drawdown since its inception was -19.34%, which is greater than HBB.TO's maximum drawdown of -18.23%. Use the drawdown chart below to compare losses from any high point for VBU.NEO and HBB.TO.
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Drawdown Indicators
| VBU.NEO | HBB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.34% | -18.23% | -1.11% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -2.78% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -5.94% | -5.56% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -18.44% | -16.19% | -2.25% |
Max Drawdown (10Y)Largest decline over 10 years | -19.34% | -18.23% | -1.11% |
Current DrawdownCurrent decline from peak | -7.41% | -2.68% | -4.73% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -4.57% | -0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 1.23% | -0.05% |
Volatility
VBU.NEO vs. HBB.TO - Volatility Comparison
Vanguard U.S. Aggregate Bond Index ETF (VBU.NEO) has a higher volatility of 1.25% compared to Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.TO) at 1.11%. This indicates that VBU.NEO's price experiences larger fluctuations and is considered to be riskier than HBB.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 | HBB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.11% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.67% | 3.38% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.73% | 4.48% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.30% | 6.55% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.95% | 7.09% | -1.14% |
VBU.NEO vs. HBB.TO - Expense Ratio Comparison
VBU.NEO has a 0.22% expense ratio, which is higher than HBB.TO's 0.09% 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. HBB.TO - Dividend Comparison
VBU.NEO's dividend yield for the trailing twelve months is around 3.62%, while HBB.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBB.TO Global X Canadian Select Universe Bond Index Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 HBB.TO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HBB.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HBB.TO is cheaper with a 0.09% expense ratio, compared with 0.22% for VBU.NEO.
VBU.NEO tracks Bloomberg U.S. Aggregate Float Adjusted Bond Index (CAD Hedged), while HBB.TO tracks Solactive Canadian Select Universe Bond. They also come from different issuers: Vanguard and Global X. Their fees differ too: 0.22% for VBU.NEO and 0.09% for HBB.TO.
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