VCIP.TO vs. VAB.TO
Compare and contrast key facts about Vanguard Conservative Income ETF Portfolio (VCIP.TO) and Vanguard Canadian Aggregate Bond Index ETF (VAB.TO).
VCIP.TO and VAB.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VCIP.TO is an actively managed fund by Vanguard. It was launched on Jan 29, 2019. VAB.TO is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate Canadian Float Adjusted Bond Index. It was launched on Nov 30, 2011.
Performance
VCIP.TO vs. VAB.TO - Performance Comparison
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VCIP.TO vs. VAB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VCIP.TO Vanguard Conservative Income ETF Portfolio | 0.07% | 5.91% | 6.91% | 8.32% | -12.18% | 1.42% | 8.47% | 7.25% |
VAB.TO Vanguard Canadian Aggregate Bond Index ETF | 0.13% | 2.28% | 3.98% | 6.90% | -11.86% | -2.88% | 8.26% | 5.69% |
Returns By Period
In the year-to-date period, VCIP.TO achieves a 0.07% return, which is significantly lower than VAB.TO's 0.13% return.
VCIP.TO
- 1D
- 0.00%
- 1M
- -2.60%
- YTD
- 0.07%
- 6M
- 0.52%
- 1Y
- 5.06%
- 3Y*
- 5.74%
- 5Y*
- 2.22%
- 10Y*
- —
VAB.TO
- 1D
- 0.26%
- 1M
- -2.02%
- YTD
- 0.13%
- 6M
- -0.33%
- 1Y
- 0.57%
- 3Y*
- 3.27%
- 5Y*
- 0.52%
- 10Y*
- 1.54%
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VCIP.TO vs. VAB.TO - Expense Ratio Comparison
VCIP.TO has a 0.25% expense ratio, which is higher than VAB.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%.
Return for Risk
VCIP.TO vs. VAB.TO — Risk / Return Rank
VCIP.TO
VAB.TO
VCIP.TO vs. VAB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Conservative Income ETF Portfolio (VCIP.TO) and Vanguard Canadian Aggregate Bond Index ETF (VAB.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.
| VCIP.TO | VAB.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 0.12 | +0.81 |
Sortino ratioReturn per unit of downside risk | 1.26 | 0.19 | +1.07 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.02 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.33 | 0.30 | +1.03 |
Martin ratioReturn relative to average drawdown | 4.51 | 0.62 | +3.89 |
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
| VCIP.TO | VAB.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.12 | +0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.08 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.38 | +0.17 |
Correlation
The correlation between VCIP.TO and VAB.TO is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VCIP.TO vs. VAB.TO - Dividend Comparison
VCIP.TO's dividend yield for the trailing twelve months is around 3.69%, more than VAB.TO's 3.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCIP.TO Vanguard Conservative Income ETF Portfolio | 3.69% | 2.93% | 2.90% | 2.77% | 2.29% | 2.23% | 1.86% | 2.08% | 0.00% | 0.00% | 0.00% | 0.00% |
VAB.TO Vanguard Canadian Aggregate Bond Index ETF | 3.33% | 3.33% | 3.19% | 2.95% | 2.87% | 2.48% | 2.50% | 2.65% | 2.79% | 2.77% | 2.75% | 2.78% |
Drawdowns
VCIP.TO vs. VAB.TO - Drawdown Comparison
The maximum VCIP.TO drawdown since its inception was -15.87%, smaller than the maximum VAB.TO drawdown of -18.39%. Use the drawdown chart below to compare losses from any high point for VCIP.TO and VAB.TO.
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Drawdown Indicators
| VCIP.TO | VAB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.87% | -18.39% | +2.52% |
Max Drawdown (1Y)Largest decline over 1 year | -3.80% | -2.86% | -0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -15.87% | -15.82% | -0.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.39% | — |
Current DrawdownCurrent decline from peak | -2.60% | -3.36% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -3.65% | -4.13% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 1.41% | -0.29% |
Volatility
VCIP.TO vs. VAB.TO - Volatility Comparison
Vanguard Conservative Income ETF Portfolio (VCIP.TO) has a higher volatility of 2.42% compared to Vanguard Canadian Aggregate Bond Index ETF (VAB.TO) at 2.02%. This indicates that VCIP.TO's price experiences larger fluctuations and is considered to be riskier than VAB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCIP.TO | VAB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.42% | 2.02% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | 3.06% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.02% | 4.66% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.64% | 6.54% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.25% | 6.46% | -0.21% |