VBU.NEO vs. VOO
VBU.NEO (Vanguard U.S. Aggregate Bond Index ETF) and VOO (Vanguard S&P 500 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 VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, VBU.NEO returned 0.70%/yr vs 16.85%/yr for VOO. At a 0.00 correlation, their price movements are largely independent. VBU.NEO charges 0.22%/yr vs 0.03%/yr for VOO.
Performance
VBU.NEO vs. VOO - Performance Comparison
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Different Trading Currencies
VBU.NEO is traded in CAD, while VOO is traded in USD. To make them comparable, the VOO 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 0.13% return, which is significantly lower than VOO's 12.35% return. Over the past 10 years, VBU.NEO has underperformed VOO with an annualized return of 0.70%, while VOO has yielded a comparatively higher 16.85% 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%
VOO
- 1D
- 0.18%
- 1M
- 0.99%
- YTD
- 12.35%
- 6M
- 11.07%
- 1Y
- 26.70%
- 3Y*
- 24.11%
- 5Y*
- 16.33%
- 10Y*
- 16.85%
VBU.NEO vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | 12.35% | 12.44% | 35.56% | 23.32% | -12.99% | 28.73% | 15.52% | 25.95% | 3.53% | 13.53% |
Correlation
The correlation between VBU.NEO and VOO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2014 | 0.00 |
Over the past year, VBU.NEO and VOO have become more correlated (0.22) than their long-term average of 0.00, meaning their price movements have been converging.
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Return for Risk
VBU.NEO vs. VOO — Risk / Return Rank
VBU.NEO
VOO
VBU.NEO vs. VOO - 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 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.37 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 3.00 | -2.20 |
| Martin ratioReturn relative to average drawdown | 2.07 | 11.21 | -9.14 |
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Drawdowns
VBU.NEO vs. VOO - Drawdown Comparison
The maximum VBU.NEO drawdown since its inception was -19.34%, smaller than the maximum VOO drawdown of -27.99%. Use the drawdown chart below to compare losses from any high point for VBU.NEO and VOO.
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Drawdown Indicators
| VBU.NEO | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.34% | -27.99% | +8.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -8.94% | +5.86% |
Max Drawdown (3Y)Largest decline over 3 years | -5.94% | -19.34% | +13.40% |
Max Drawdown (5Y)Largest decline over 5 years | -18.44% | -22.60% | +4.16% |
Max Drawdown (10Y)Largest decline over 10 years | -19.34% | -27.99% | +8.65% |
Current DrawdownCurrent decline from peak | -7.41% | -1.09% | -6.32% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -3.34% | -1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 2.39% | -1.21% |
Volatility
VBU.NEO vs. VOO - Volatility Comparison
The current volatility for Vanguard U.S. Aggregate Bond Index ETF (VBU.NEO) is 1.25%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.05%. This indicates that VBU.NEO experiences smaller price fluctuations and is considered to be less risky than VOO 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 | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 5.05% | -3.80% |
Volatility (6M)Calculated over the trailing 6-month period | 3.67% | 10.18% | -6.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.73% | 12.73% | -8.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.30% | 17.85% | -11.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.95% | 19.07% | -13.12% |
VBU.NEO vs. VOO - Expense Ratio Comparison
VBU.NEO has a 0.22% expense ratio, which is higher than VOO's 0.03% 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. VOO - Dividend Comparison
VBU.NEO's dividend yield for the trailing twelve months is around 3.62%, more than VOO's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VOO Vanguard S&P 500 ETF | 1.05% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
VBU.NEO and VOO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VOO is cheaper with a 0.03% expense ratio, compared with 0.22% for VBU.NEO.
VBU.NEO is categorized as Total Bond Market, while VOO is S&P 500. VBU.NEO tracks Bloomberg U.S. Aggregate Float Adjusted Bond Index (CAD Hedged), while VOO tracks S&P 500 Index. Their fees differ too: 0.22% for VBU.NEO and 0.03% for VOO.
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