VBU.NEO vs. VFV.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard U.S. Aggregate Bond Index ETF (VBU.NEO) and Vanguard S&P 500 Index ETF (VFV.TO).

VBU.NEO and VFV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VBU.NEO is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Aggregate Float Adjusted Bond Index (CAD Hedged). It was launched on Jun 30, 2014. VFV.TO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Nov 2, 2012. Both VBU.NEO and VFV.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

VBU.NEO vs. VFV.TO - 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 Vanguard S&P 500 Index ETF (VFV.TO). The values are adjusted to include any dividend payments, if applicable.

VBU.NEO vs. VFV.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VBU.NEO Vanguard U.S. Aggregate Bond Index ETF	-1.64%	1.31%	-2.90%	4.56%	-13.69%	-2.10%	7.24%	7.76%	-1.05%	3.47%
VFV.TO Vanguard S&P 500 Index ETF	-2.62%	12.18%	35.23%	23.23%	-12.58%	27.51%	15.62%	25.14%	2.94%	13.67%

Returns By Period

In the year-to-date period, VBU.NEO achieves a -1.64% return, which is significantly higher than VFV.TO's -2.62% return. Over the past 10 years, VBU.NEO has underperformed VFV.TO with an annualized return of -0.02%, while VFV.TO has yielded a comparatively higher 14.53% annualized return.

VBU.NEO

• 1D: -0.49%
• 1M: -2.14%
• YTD: -1.64%
• 6M: -2.14%
• 1Y: -1.78%
• 3Y*: -0.62%
• 5Y*: -2.43%
• 10Y*: -0.02%

VFV.TO

• 1D: 0.52%
• 1M: -2.92%
• YTD: -2.62%
• 6M: -1.97%
• 1Y: 14.39%
• 3Y*: 19.32%
• 5Y*: 13.90%
• 10Y*: 14.53%

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

VBU.NEO vs. VFV.TO - Expense Ratio Comparison

VBU.NEO has a 0.22% expense ratio, which is higher than VFV.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%.

VBU.NEO

Vanguard U.S. Aggregate Bond Index ETF

VFV.TO

Vanguard S&P 500 Index ETF

Return for Risk

VBU.NEO vs. VFV.TO — 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: 4
VBU.NEO Sharpe Ratio Rank: 6
VBU.NEO Sortino Ratio Rank: 5
VBU.NEO Omega Ratio Rank: 5
VBU.NEO Calmar Ratio Rank: 2
VBU.NEO Martin Ratio Rank: 1

VFV.TO

VFV.TO Risk / Return Rank: 43
VFV.TO Sharpe Ratio Rank: 41
VFV.TO Sortino Ratio Rank: 40
VFV.TO Omega Ratio Rank: 46
VFV.TO Calmar Ratio Rank: 42
VFV.TO Martin Ratio Rank: 44

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. VFV.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 Vanguard S&P 500 Index ETF (VFV.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.

	VBU.NEO	VFV.TO	Difference
Sharpe ratio Return per unit of total volatility	-0.37	0.79	-1.16
Sortino ratio Return per unit of downside risk	-0.44	1.19	-1.63
Omega ratio Gain probability vs. loss probability	0.94	1.19	-0.24
Calmar ratio Return relative to maximum drawdown	-0.66	1.14	-1.80
Martin ratio Return relative to average drawdown	-1.46	4.30	-5.76
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. VFV.TO - Sharpe Ratio Comparison

The current VBU.NEO Sharpe Ratio is -0.37, which is lower than the VFV.TO Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of VBU.NEO and VFV.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VBU.NEO	VFV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.37	0.79	-1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.39	0.94	-1.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.00	0.88	-0.88
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	1.07	-0.99

Correlation

The correlation between VBU.NEO and VFV.TO is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

VBU.NEO vs. VFV.TO - Dividend Comparison

VBU.NEO has not paid dividends to shareholders, while VFV.TO's dividend yield for the trailing twelve months is around 0.96%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VFV.TO Vanguard S&P 500 Index ETF	0.96%	0.92%	0.99%	1.20%	1.31%	1.06%	1.33%	1.55%	1.68%	1.50%	1.66%	1.63%

Drawdowns

VBU.NEO vs. VFV.TO - Drawdown Comparison

The maximum VBU.NEO drawdown since its inception was -19.38%, smaller than the maximum VFV.TO drawdown of -27.43%. Use the drawdown chart below to compare losses from any high point for VBU.NEO and VFV.TO.

Drawdown Indicators

	VBU.NEO	VFV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-19.38%	-27.43%	+8.05%
Max Drawdown (1Y) Largest decline over 1 year	-3.16%	-12.52%	+9.36%
Max Drawdown (5Y) Largest decline over 5 years	-18.46%	-22.19%	+3.73%
Max Drawdown (10Y) Largest decline over 10 years	-19.38%	-27.43%	+8.05%
Current Drawdown Current decline from peak	-15.05%	-5.61%	-9.44%
Average Drawdown Average peak-to-trough decline	-5.92%	-3.39%	-2.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.44%	3.31%	-1.87%

Volatility

VBU.NEO vs. VFV.TO - Volatility Comparison

The current volatility for Vanguard U.S. Aggregate Bond Index ETF (VBU.NEO) is 1.60%, while Vanguard S&P 500 Index ETF (VFV.TO) has a volatility of 5.11%. This indicates that VBU.NEO experiences smaller price fluctuations and is considered to be less risky than VFV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VBU.NEO	VFV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.60%	5.11%	-3.51%
Volatility (6M) Calculated over the trailing 6-month period	2.87%	9.28%	-6.41%
Volatility (1Y) Calculated over the trailing 1-year period	4.86%	18.26%	-13.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.25%	14.91%	-8.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.92%	16.57%	-10.65%