VGAB.NEO vs. BND.TO
VGAB.NEO (Vanguard Global Aggregate Bond Index ETF (CAD-hedged)) and BND.TO (Purpose Global Bond Fund) are both Global Bonds funds. VGAB.NEO is passively managed, while BND.TO is actively managed. Over the past 5 years, VGAB.NEO returned -1.08%/yr vs 3.21%/yr for BND.TO. At a 0.26 correlation, their price movements are largely independent.
Performance
VGAB.NEO vs. BND.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VGAB.NEO achieves a 0.41% return, which is significantly lower than BND.TO's 1.55% return.
VGAB.NEO
- 1D
- 0.54%
- 1M
- 0.05%
- YTD
- 0.41%
- 6M
- 0.17%
- 1Y
- 1.33%
- 3Y*
- 2.35%
- 5Y*
- -1.08%
- 10Y*
- —
BND.TO
- 1D
- 0.00%
- 1M
- 0.66%
- YTD
- 1.55%
- 6M
- 1.70%
- 1Y
- 5.66%
- 3Y*
- 7.48%
- 5Y*
- 3.21%
- 10Y*
- 3.04%
VGAB.NEO vs. BND.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VGAB.NEO Vanguard Global Aggregate Bond Index ETF (CAD-hedged) | 0.41% | 2.58% | 0.81% | 5.90% | -13.57% | -2.59% | 5.03% |
BND.TO Purpose Global Bond Fund | 1.55% | 7.26% | 7.49% | 8.45% | -7.80% | 2.62% | 5.64% |
Correlation
The correlation between VGAB.NEO and BND.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2020 | 0.26 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VGAB.NEO vs. BND.TO — Risk / Return Rank
VGAB.NEO
BND.TO
VGAB.NEO vs. BND.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Aggregate Bond Index ETF (CAD-hedged) (VGAB.NEO) and Purpose Global Bond Fund (BND.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VGAB.NEO | BND.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.35 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 1.98 | -1.55 |
| Martin ratioReturn relative to average drawdown | 1.08 | 8.16 | -7.08 |
Loading charts...
Drawdowns
VGAB.NEO vs. BND.TO - Drawdown Comparison
The maximum VGAB.NEO drawdown since its inception was -18.09%, which is greater than BND.TO's maximum drawdown of -16.55%. Use the drawdown chart below to compare losses from any high point for VGAB.NEO and BND.TO.
Loading charts...
Drawdown Indicators
| VGAB.NEO | BND.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.09% | -16.55% | -1.54% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -2.87% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -4.43% | -4.46% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -17.61% | -12.43% | -5.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.55% | — |
Current DrawdownCurrent decline from peak | -7.43% | -0.11% | -7.32% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -2.10% | -5.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 0.70% | +0.53% |
Volatility
VGAB.NEO vs. BND.TO - Volatility Comparison
The current volatility for Vanguard Global Aggregate Bond Index ETF (CAD-hedged) (VGAB.NEO) is 0.99%, while Purpose Global Bond Fund (BND.TO) has a volatility of 1.20%. This indicates that VGAB.NEO experiences smaller price fluctuations and is considered to be less risky than BND.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VGAB.NEO | BND.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.20% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 2.72% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 3.13% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.47% | 5.10% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.53% | 5.15% | +0.38% |
Dividends
VGAB.NEO vs. BND.TO - Dividend Comparison
VGAB.NEO's dividend yield for the trailing twelve months is around 3.57%, less than BND.TO's 5.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND.TO Purpose Global Bond Fund | 5.82% | 5.70% | 5.24% | 5.20% | 4.14% | 3.67% | 3.48% | 3.11% | 3.96% | 3.47% | 3.26% | 0.53% |
VGAB.NEO Vanguard Global Aggregate Bond Index ETF (CAD-hedged) | 3.57% | 3.44% | 3.24% | 3.21% | 1.67% | 2.36% | 1.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VGAB.NEO and BND.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for VGAB.NEO and BND.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer