VBU.NEO vs. XEQT.TO
VBU.NEO (Vanguard U.S. Aggregate Bond Index ETF) and XEQT.TO (iShares Core Equity ETF Portfolio) 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 XEQT.TO is a Global Equities fund actively managed by iShares. VBU.NEO is passively managed, while XEQT.TO is actively managed. Over the past 5 years, VBU.NEO returned -2.71%/yr vs 13.90%/yr for XEQT.TO. At a 0.13 correlation, their price movements are largely independent. VBU.NEO charges 0.22%/yr vs 0.20%/yr for XEQT.TO.
Performance
VBU.NEO vs. XEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, VBU.NEO achieves a -2.13% return, which is significantly lower than XEQT.TO's 13.22% 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%
XEQT.TO
- 1D
- 0.83%
- 1M
- 6.02%
- YTD
- 13.22%
- 6M
- 11.68%
- 1Y
- 30.42%
- 3Y*
- 22.22%
- 5Y*
- 13.90%
- 10Y*
- —
VBU.NEO vs. XEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VBU.NEO Vanguard U.S. Aggregate Bond Index ETF | -2.13% | 1.31% | -2.90% | 4.56% | -13.69% | -2.10% | 7.24% | -0.04% |
XEQT.TO iShares Core Equity ETF Portfolio | 13.22% | 19.47% | 24.36% | 17.25% | -11.01% | 18.94% | 11.82% | 9.89% |
Correlation
The correlation between VBU.NEO and XEQT.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2019 | 0.13 |
The correlation between VBU.NEO and XEQT.TO shifts across timeframes, from 0.13 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VBU.NEO vs. XEQT.TO — Risk / Return Rank
VBU.NEO
XEQT.TO
VBU.NEO vs. XEQT.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 iShares Core Equity ETF Portfolio (XEQT.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 | XEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.84 | ||
| Sortino ratioReturn per unit of downside risk | -3.88 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.48 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 3.70 | -3.93 |
| Martin ratioReturn relative to average drawdown | -0.59 | 16.13 | -16.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VBU.NEO | XEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.22 | 2.62 | -2.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.43 | 1.07 | -1.49 |
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 | 0.96 | -0.88 |
Drawdowns
VBU.NEO vs. XEQT.TO - Drawdown Comparison
The maximum VBU.NEO drawdown since its inception was -19.38%, smaller than the maximum XEQT.TO drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for VBU.NEO and XEQT.TO.
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Drawdown Indicators
| VBU.NEO | XEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.38% | -29.74% | +10.36% |
Max Drawdown (1Y)Largest decline over 1 year | -4.55% | -8.25% | +3.70% |
Max Drawdown (3Y)Largest decline over 3 years | -6.80% | -15.08% | +8.28% |
Max Drawdown (5Y)Largest decline over 5 years | -18.46% | -19.56% | +1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -19.38% | — | — |
Current DrawdownCurrent decline from peak | -15.47% | 0.00% | -15.47% |
Average DrawdownAverage peak-to-trough decline | -6.05% | -4.11% | -1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 1.89% | -0.15% |
Volatility
VBU.NEO vs. XEQT.TO - Volatility Comparison
The current volatility for Vanguard U.S. Aggregate Bond Index ETF (VBU.NEO) is 2.45%, while iShares Core Equity ETF Portfolio (XEQT.TO) has a volatility of 3.70%. This indicates that VBU.NEO experiences smaller price fluctuations and is considered to be less risky than XEQT.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 | XEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.45% | 3.70% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.49% | 9.41% | -5.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.79% | 11.65% | -6.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.33% | 13.13% | -6.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.97% | 15.56% | -9.59% |
VBU.NEO vs. XEQT.TO - Expense Ratio Comparison
VBU.NEO has a 0.22% expense ratio, which is higher than XEQT.TO's 0.20% 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. XEQT.TO - Dividend Comparison
VBU.NEO has not paid dividends to shareholders, while XEQT.TO's dividend yield for the trailing twelve months is around 1.47%.
| Position | 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% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.47% | 1.66% | 2.01% | 2.07% | 2.12% | 1.64% | 1.66% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VBU.NEO and XEQT.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEQT.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEQT.TO is cheaper with a 0.20% expense ratio, compared with 0.22% for VBU.NEO.
VBU.NEO is categorized as Total Bond Market, while XEQT.TO is Global Equities. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.22% for VBU.NEO and 0.20% for XEQT.TO.
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