VDY.TO vs. AGG
VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) and AGG (iShares Core U.S. Aggregate Bond ETF) are both exchange-traded funds - VDY.TO is a Dividend fund tracking the FTSE Canada High Dividend Yield Index, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past 10 years, VDY.TO returned 14.25%/yr vs 2.45%/yr for AGG. At a correlation of -0.03, they often move in opposite directions. VDY.TO charges 0.22%/yr vs 0.03%/yr for AGG.
Performance
VDY.TO vs. AGG - Performance Comparison
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Different Trading Currencies
VDY.TO is traded in CAD, while AGG is traded in USD. To make them comparable, the AGG values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VDY.TO achieves a 21.54% return, which is significantly higher than AGG's 1.74% return. Over the past 10 years, VDY.TO has outperformed AGG with an annualized return of 14.25%, while AGG has yielded a comparatively lower 2.45% annualized return.
VDY.TO
- 1D
- 0.31%
- 1M
- 5.30%
- YTD
- 21.54%
- 6M
- 22.15%
- 1Y
- 47.47%
- 3Y*
- 26.69%
- 5Y*
- 17.54%
- 10Y*
- 14.25%
AGG
- 1D
- 0.28%
- 1M
- 1.38%
- YTD
- 1.74%
- 6M
- 1.06%
- 1Y
- 7.10%
- 3Y*
- 5.36%
- 5Y*
- 2.83%
- 10Y*
- 2.45%
VDY.TO vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 21.54% | 29.21% | 21.44% | 8.41% | -0.23% | 36.60% | -1.37% | 21.42% | -10.09% | 8.32% |
AGG iShares Core U.S. Aggregate Bond ETF | 1.74% | 2.30% | 9.89% | 3.14% | -7.51% | -1.82% | 4.93% | 3.99% | 8.51% | -3.46% |
Correlation
The correlation between VDY.TO and AGG is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2012 | -0.03 |
The correlation between VDY.TO and AGG shifts across timeframes, from -0.03 (all time) to 0.12 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VDY.TO vs. AGG — Risk / Return Rank
VDY.TO
AGG
VDY.TO vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
| VDY.TO | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.58 | ||
| Sortino ratioReturn per unit of downside risk | +6.58 | ||
| Omega ratioGain probability vs. loss probability | 2.16 | 1.20 | +0.96 |
| Calmar ratioReturn relative to maximum drawdown | 15.30 | 1.59 | +13.71 |
| Martin ratioReturn relative to average drawdown | 62.34 | 3.54 | +58.80 |
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
| VDY.TO | AGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.76 | 1.17 | +4.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.52 | 0.32 | +1.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.29 | +0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.32 | +0.53 |
Drawdowns
VDY.TO vs. AGG - Drawdown Comparison
The maximum VDY.TO drawdown since its inception was -39.21%, which is greater than AGG's maximum drawdown of -22.83%. Use the drawdown chart below to compare losses from any high point for VDY.TO and AGG.
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Drawdown Indicators
| VDY.TO | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.21% | -22.83% | -16.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -4.49% | +1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -10.38% | -6.43% | -3.95% |
Max Drawdown (5Y)Largest decline over 5 years | -16.17% | -13.26% | -2.91% |
Max Drawdown (10Y)Largest decline over 10 years | -39.21% | -20.28% | -18.93% |
Current DrawdownCurrent decline from peak | -0.38% | -1.61% | +1.23% |
Average DrawdownAverage peak-to-trough decline | -4.48% | -7.61% | +3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 2.01% | -1.25% |
Volatility
VDY.TO vs. AGG - Volatility Comparison
Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) has a higher volatility of 3.40% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.65%. This indicates that VDY.TO's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VDY.TO | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 1.65% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 6.93% | 4.19% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.30% | 6.08% | +2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.58% | 8.79% | +2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.96% | 8.57% | +7.39% |
VDY.TO vs. AGG - Expense Ratio Comparison
VDY.TO has a 0.22% expense ratio, which is higher than AGG'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
VDY.TO vs. AGG - Dividend Comparison
VDY.TO's dividend yield for the trailing twelve months is around 2.88%, less than AGG's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 4.00% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 2.88% | 3.59% | 4.37% | 4.64% | 4.42% | 3.46% | 4.59% | 4.25% | 4.44% | 3.42% | 3.25% | 4.11% |
Frequently Asked Questions
VDY.TO and AGG have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AGG is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AGG is cheaper with a 0.03% expense ratio, compared with 0.22% for VDY.TO.
VDY.TO is categorized as Dividend, while AGG is Total Bond Market. VDY.TO tracks FTSE Canada High Dividend Yield Index, while AGG tracks Bloomberg U.S. Aggregate Bond Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.22% for VDY.TO and 0.03% for AGG.
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