VCB.TO vs. FCSB.NEO
Compare and contrast key facts about Vanguard Canadian Corporate Bond Index ETF (VCB.TO) and Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO).
VCB.TO and FCSB.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VCB.TO is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate Canadian Corporate Float Adjusted Bond Index. It was launched on Jan 31, 2017. FCSB.NEO is a passively managed fund by Fidelity that tracks the performance of the FTSE Canada Short Term Corporate Bond 5% Capped Index. It was launched on Sep 20, 2019. Both VCB.TO and FCSB.NEO 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
VCB.TO vs. FCSB.NEO - Performance Comparison
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VCB.TO vs. FCSB.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VCB.TO Vanguard Canadian Corporate Bond Index ETF | -0.09% | 4.46% | 6.63% | 7.98% | -8.96% | -1.55% | 8.11% | -0.53% |
FCSB.NEO Fidelity Canadian Short Term Corporate Bond ETF | 0.36% | 4.15% | 7.55% | 6.81% | -4.22% | -0.81% | 6.26% | 0.82% |
Returns By Period
In the year-to-date period, VCB.TO achieves a -0.09% return, which is significantly lower than FCSB.NEO's 0.36% return.
VCB.TO
- 1D
- 0.17%
- 1M
- -1.68%
- YTD
- -0.09%
- 6M
- 0.28%
- 1Y
- 2.63%
- 3Y*
- 5.47%
- 5Y*
- 2.14%
- 10Y*
- —
FCSB.NEO
- 1D
- 0.24%
- 1M
- -0.81%
- YTD
- 0.36%
- 6M
- 0.68%
- 1Y
- 3.07%
- 3Y*
- 5.49%
- 5Y*
- 2.73%
- 10Y*
- —
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VCB.TO vs. FCSB.NEO - Expense Ratio Comparison
VCB.TO has a 0.17% expense ratio, which is lower than FCSB.NEO's 0.44% expense ratio.
Return for Risk
VCB.TO vs. FCSB.NEO — Risk / Return Rank
VCB.TO
FCSB.NEO
VCB.TO vs. FCSB.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Canadian Corporate Bond Index ETF (VCB.TO) and Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO). 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.
| VCB.TO | FCSB.NEO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 1.10 | -0.37 |
Sortino ratioReturn per unit of downside risk | 0.98 | 1.61 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.20 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.99 | -0.85 |
Martin ratioReturn relative to average drawdown | 3.84 | 7.87 | -4.02 |
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
| VCB.TO | FCSB.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 1.10 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.83 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.63 | -0.16 |
Correlation
The correlation between VCB.TO and FCSB.NEO is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
VCB.TO vs. FCSB.NEO - Dividend Comparison
VCB.TO's dividend yield for the trailing twelve months is around 3.87%, more than FCSB.NEO's 3.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VCB.TO Vanguard Canadian Corporate Bond Index ETF | 3.87% | 3.88% | 3.74% | 3.41% | 3.21% | 2.69% | 2.75% | 2.82% | 2.85% | 2.51% |
FCSB.NEO Fidelity Canadian Short Term Corporate Bond ETF | 3.79% | 3.73% | 3.59% | 3.06% | 2.09% | 1.58% | 2.34% | 0.38% | 0.00% | 0.00% |
Drawdowns
VCB.TO vs. FCSB.NEO - Drawdown Comparison
The maximum VCB.TO drawdown since its inception was -13.99%, which is greater than FCSB.NEO's maximum drawdown of -12.48%. Use the drawdown chart below to compare losses from any high point for VCB.TO and FCSB.NEO.
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Drawdown Indicators
| VCB.TO | FCSB.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.99% | -12.48% | -1.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.45% | -1.58% | -0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -13.17% | -7.44% | -5.73% |
Current DrawdownCurrent decline from peak | -1.68% | -0.92% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -2.89% | -1.53% | -1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.40% | +0.33% |
Volatility
VCB.TO vs. FCSB.NEO - Volatility Comparison
Vanguard Canadian Corporate Bond Index ETF (VCB.TO) has a higher volatility of 1.62% compared to Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO) at 1.25%. This indicates that VCB.TO's price experiences larger fluctuations and is considered to be riskier than FCSB.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCB.TO | FCSB.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 1.25% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.36% | 2.04% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 2.81% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.86% | 3.29% | +1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.53% | 5.00% | +0.53% |