VBU.NEO vs. QQQM

Last updated Jun 5, 2026

VBU.NEO (Vanguard U.S. Aggregate Bond Index ETF) and QQQM (Invesco NASDAQ 100 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 QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, VBU.NEO returned -2.71%/yr vs 21.44%/yr for QQQM. At a 0.11 correlation, their price movements are largely independent. VBU.NEO charges 0.22%/yr vs 0.15%/yr for QQQM.

Performance

VBU.NEO vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard U.S. Aggregate Bond Index ETF (VBU.NEO) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VBU.NEO is traded in CAD, while QQQM is traded in USD. To make them comparable, the QQQM 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 QQQM's 22.94% 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%

QQQM

• 1D: 0.00%
• 1M: 11.49%
• YTD: 22.94%
• 6M: 19.34%
• 1Y: 43.87%
• 3Y*: 30.30%
• 5Y*: 21.44%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VBU.NEO vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VBU.NEO Vanguard U.S. Aggregate Bond Index ETF	-2.13%	1.31%	-2.90%	4.56%	-13.69%	-2.10%	0.64%
QQQM Invesco NASDAQ 100 ETF	22.39%	15.31%	36.48%	51.60%	-27.71%	26.30%	3.58%

Correlation

The correlation between VBU.NEO and QQQM is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (All Time) Calculated using the full available price history since Oct 14, 2020	0.11

Return for Risk

VBU.NEO vs. QQQM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VBU.NEO

VBU.NEO Risk / Return Rank: 7
VBU.NEO Sharpe Ratio Rank: 7
VBU.NEO Sortino Ratio Rank: 6
VBU.NEO Omega Ratio Rank: 6
VBU.NEO Calmar Ratio Rank: 7
VBU.NEO Martin Ratio Rank: 6

QQQM

QQQM Risk / Return Rank: 75
QQQM Sharpe Ratio Rank: 81
QQQM Sortino Ratio Rank: 76
QQQM Omega Ratio Rank: 75
QQQM Calmar Ratio Rank: 70
QQQM Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VBU.NEO vs. QQQM - 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 Invesco NASDAQ 100 ETF (QQQM). 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	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	2.83	-3.04
Sortino ratio: Return per unit of downside risk	-0.26	3.66	-3.93
Omega ratio: Gain probability vs. loss probability	0.97	1.50	-0.53
Calmar ratio: Return relative to maximum drawdown	-0.23	3.59	-3.82
Martin ratio: Return relative to average drawdown	-0.59	11.46	-12.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VBU.NEO vs. QQQM - Sharpe Ratio Comparison

The current VBU.NEO Sharpe Ratio is -0.22, which is lower than the QQQM Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of VBU.NEO and QQQM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VBU.NEO	QQQM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.22	2.83	-3.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.43	1.05	-1.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.97	-0.90

Drawdowns

VBU.NEO vs. QQQM - Drawdown Comparison

The maximum VBU.NEO drawdown since its inception was -19.38%, smaller than the maximum QQQM drawdown of -31.71%. Use the drawdown chart below to compare losses from any high point for VBU.NEO and QQQM.

Drawdown Indicators

	VBU.NEO	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-19.38%	-31.71%	+12.33%
Max Drawdown (1Y) Largest decline over 1 year	-4.55%	-12.27%	+7.72%
Max Drawdown (3Y) Largest decline over 3 years	-6.80%	-22.52%	+15.72%
Max Drawdown (5Y) Largest decline over 5 years	-18.46%	-31.71%	+13.25%
Max Drawdown (10Y) Largest decline over 10 years	-19.38%	—	—
Current Drawdown Current decline from peak	-15.47%	0.00%	-15.47%
Average Drawdown Average peak-to-trough decline	-6.05%	-7.58%	+1.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	3.84%	-2.10%

Volatility

VBU.NEO vs. QQQM - Volatility Comparison

The current volatility for Vanguard U.S. Aggregate Bond Index ETF (VBU.NEO) is 2.45%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 4.39%. This indicates that VBU.NEO experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VBU.NEO	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.45%	4.39%	-1.94%
Volatility (6M) Calculated over the trailing 6-month period	3.49%	11.78%	-8.29%
Volatility (1Y) Calculated over the trailing 1-year period	4.79%	15.60%	-10.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.33%	20.57%	-14.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.97%	20.47%	-14.50%

VBU.NEO vs. QQQM - Expense Ratio Comparison

VBU.NEO has a 0.22% expense ratio, which is higher than QQQM's 0.15% 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. QQQM - Dividend Comparison

VBU.NEO has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.42%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQM Invesco NASDAQ 100 ETF	0.42%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both VBU.NEO and QQQM in my portfolio?

VBU.NEO and QQQM have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VBU.NEO or QQQM?

On fees, QQQM is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VBU.NEO or QQQM?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.22% for VBU.NEO.

What is the main difference between VBU.NEO and QQQM?

VBU.NEO is categorized as Total Bond Market, while QQQM is Nasdaq-100. VBU.NEO tracks Bloomberg U.S. Aggregate Float Adjusted Bond Index (CAD Hedged), while QQQM tracks NASDAQ-100 Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.22% for VBU.NEO and 0.15% for QQQM.