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VBU.NEO vs. XQQ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VBU.NEO vs. XQQ.TO

Last updated Jun 5, 2026

VBU.NEO (Vanguard U.S. Aggregate Bond Index ETF) and XQQ.TO (iShares NASDAQ 100 Index ETF (CAD-Hedged)) 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 XQQ.TO is a Nasdaq-100 fund tracking the Morningstar US Market TR CAD. Both are passively managed. Over the past 10 years, VBU.NEO returned -0.16%/yr vs 19.59%/yr for XQQ.TO. At a 0.04 correlation, their price movements are largely independent. VBU.NEO charges 0.22%/yr vs 0.39%/yr for XQQ.TO.

Performance

VBU.NEO vs. XQQ.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 iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO). The values are adjusted to include any dividend payments, if applicable.

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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 XQQ.TO's 19.17% return. Over the past 10 years, VBU.NEO has underperformed XQQ.TO with an annualized return of -0.16%, while XQQ.TO has yielded a comparatively higher 19.59% annualized 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%

XQQ.TO

1D
-0.54%
1M
8.62%
YTD
19.17%
6M
17.53%
1Y
37.37%
3Y*
26.17%
5Y*
15.19%
10Y*
19.59%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
VBU.NEO
Vanguard U.S. Aggregate Bond Index ETF		-2.13%1.31%-2.90%4.56%-13.69%-2.10%7.24%7.76%-1.05%3.47%
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)		19.17%18.38%24.23%52.23%-33.67%22.29%45.23%37.48%-2.33%31.83%

Correlation

The correlation between VBU.NEO and XQQ.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.17

Correlation (3Y)
Calculated over the trailing 3-year period

0.15

Correlation (5Y)
Calculated over the trailing 5-year period

0.16

Correlation (10Y)
Calculated over the trailing 10-year period

0.08

Correlation (All Time)
Calculated using the full available price history since Jul 2, 2014

0.04

The correlation between VBU.NEO and XQQ.TO shifts across timeframes, from 0.04 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Vanguard U.S. Aggregate Bond Index ETF

iShares NASDAQ 100 Index ETF (CAD-Hedged)

Often compared with VBU.NEO:
VBU.NEO vs. VBG.NEOVBU.NEO vs. VAB.TOVBU.NEO vs. XAGH.TOVBU.NEO vs. BNDVBU.NEO vs. PLDI.TOVBU.NEO vs. ZUAG.TOVBU.NEO vs. VFV.TO
Often compared with XQQ.TO:
XQQ.TO vs. QQC.TOXQQ.TO vs. VFV.TOXQQ.TO vs. HXQ.TOXQQ.TO vs. XQQU.TOXQQ.TO vs. QQQXQQ.TO vs. ZQQ.TOXQQ.TO vs. TEC.TO

Return for Risk

VBU.NEO vs. XQQ.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: 77
Overall Rank
VBU.NEO Sharpe Ratio Rank: 77
Sharpe Ratio Rank
VBU.NEO Sortino Ratio Rank: 66
Sortino Ratio Rank
VBU.NEO Omega Ratio Rank: 66
Omega Ratio Rank
VBU.NEO Calmar Ratio Rank: 77
Calmar Ratio Rank
VBU.NEO Martin Ratio Rank: 66
Martin Ratio Rank
XQQ.TO
XQQ.TO Risk / Return Rank: 6767
Overall Rank
XQQ.TO Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
XQQ.TO Sortino Ratio Rank: 7070
Sortino Ratio Rank
XQQ.TO Omega Ratio Rank: 6969
Omega Ratio Rank
XQQ.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
XQQ.TO Martin Ratio Rank: 6262
Martin Ratio Rank
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. XQQ.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 NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.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.NEOXQQ.TODifference
Sharpe ratioReturn per unit of total volatility
-0.22
2.37

-2.59

Sortino ratioReturn per unit of downside risk
-0.26
3.12

-3.39

Omega ratioGain probability vs. loss probability

0.97

1.41

-0.44

Calmar ratioReturn relative to maximum drawdown

-0.23

2.94

-3.17

Martin ratioReturn relative to average drawdown

-0.59

10.98

-11.58

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. XQQ.TO - Sharpe Ratio Comparison

The current VBU.NEO Sharpe Ratio is -0.22, which is lower than the XQQ.TO Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of VBU.NEO and XQQ.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VBU.NEOXQQ.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.22

2.37

-2.59

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.43

0.68

-1.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.03

0.88

-0.91

Sharpe Ratio (All Time)

Calculated using the full available price history

0.08

0.86

-0.78

Drawdowns

VBU.NEO vs. XQQ.TO - Drawdown Comparison

The maximum VBU.NEO drawdown since its inception was -19.38%, smaller than the maximum XQQ.TO drawdown of -38.55%. Use the drawdown chart below to compare losses from any high point for VBU.NEO and XQQ.TO.

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Drawdown Indicators

VBU.NEOXQQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-19.38%

-38.55%

+19.17%

Max Drawdown (1Y)

Largest decline over 1 year

-4.55%

-12.76%

+8.21%

Max Drawdown (3Y)

Largest decline over 3 years

-6.80%

-22.72%

+15.92%

Max Drawdown (5Y)

Largest decline over 5 years

-18.46%

-38.55%

+20.09%

Max Drawdown (10Y)

Largest decline over 10 years

-19.38%

-38.55%

+19.17%

Current Drawdown

Current decline from peak

-15.47%

-0.80%

-14.67%

Average Drawdown

Average peak-to-trough decline

-6.05%

-5.92%

-0.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.74%

3.41%

-1.67%

Volatility

VBU.NEO vs. XQQ.TO - Volatility Comparison

The current volatility for Vanguard U.S. Aggregate Bond Index ETF (VBU.NEO) is 2.45%, while iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) has a volatility of 4.51%. This indicates that VBU.NEO experiences smaller price fluctuations and is considered to be less risky than XQQ.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.NEOXQQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.45%

4.51%

-2.06%

Volatility (6M)

Calculated over the trailing 6-month period

3.49%

12.01%

-8.52%

Volatility (1Y)

Calculated over the trailing 1-year period

4.79%

15.82%

-11.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.33%

22.51%

-16.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.97%

22.34%

-16.37%

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

VBU.NEO has a 0.22% expense ratio, which is lower than XQQ.TO's 0.39% expense ratio.

Dividends

VBU.NEO vs. XQQ.TO - Dividend Comparison

VBU.NEO has not paid dividends to shareholders, while XQQ.TO's dividend yield for the trailing twelve months is around 0.21%.

PositionTTM20252024202320222021202020192018201720162015
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%
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)		0.21%0.25%0.32%0.31%0.43%0.17%0.26%0.46%0.52%0.53%0.76%0.62%

Frequently Asked Questions

VBU.NEO and XQQ.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VBU.NEO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VBU.NEO is cheaper with a 0.22% expense ratio, compared with 0.39% for XQQ.TO.

VBU.NEO is categorized as Total Bond Market, while XQQ.TO is Nasdaq-100. VBU.NEO tracks Bloomberg U.S. Aggregate Float Adjusted Bond Index (CAD Hedged), while XQQ.TO tracks Morningstar US Market TR CAD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.22% for VBU.NEO and 0.39% for XQQ.TO.

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