VGAB.NEO vs. TGFI.TO
Compare and contrast key facts about Vanguard Global Aggregate Bond Index ETF (CAD-hedged) (VGAB.NEO) and TD Active Global Income ETF (TGFI.TO).
VGAB.NEO and TGFI.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VGAB.NEO is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate Float Adjusted Composite Index (CAD-Hedged). It was launched on Jan 17, 2020. TGFI.TO is an actively managed fund by TD. It was launched on Nov 19, 2019.
Performance
VGAB.NEO vs. TGFI.TO - Performance Comparison
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VGAB.NEO vs. TGFI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VGAB.NEO Vanguard Global Aggregate Bond Index ETF (CAD-hedged) | -0.45% | 2.58% | 0.81% | 5.73% | -13.57% | -2.59% | 5.03% |
TGFI.TO TD Active Global Income ETF | -0.95% | 5.71% | 4.24% | 8.24% | -14.35% | 2.16% | 2.15% |
Returns By Period
In the year-to-date period, VGAB.NEO achieves a -0.45% return, which is significantly higher than TGFI.TO's -0.95% return.
VGAB.NEO
- 1D
- 0.45%
- 1M
- -1.66%
- YTD
- -0.45%
- 6M
- -0.60%
- 1Y
- 0.92%
- 3Y*
- 1.82%
- 5Y*
- -1.16%
- 10Y*
- —
TGFI.TO
- 1D
- 0.20%
- 1M
- -1.65%
- YTD
- -0.95%
- 6M
- -0.31%
- 1Y
- 3.49%
- 3Y*
- 5.03%
- 5Y*
- 1.09%
- 10Y*
- —
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VGAB.NEO vs. TGFI.TO - Expense Ratio Comparison
VGAB.NEO has a 0.33% expense ratio, which is lower than TGFI.TO's 0.75% expense ratio.
Return for Risk
VGAB.NEO vs. TGFI.TO — Risk / Return Rank
VGAB.NEO
TGFI.TO
VGAB.NEO vs. TGFI.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 TD Active Global Income ETF (TGFI.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.
| VGAB.NEO | TGFI.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.24 | 0.80 | -0.56 |
Sortino ratioReturn per unit of downside risk | 0.34 | 1.17 | -0.82 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.15 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.40 | 1.14 | -0.73 |
Martin ratioReturn relative to average drawdown | 1.29 | 4.16 | -2.87 |
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
| VGAB.NEO | TGFI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 0.80 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.17 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.11 | -0.22 |
Correlation
The correlation between VGAB.NEO and TGFI.TO is 0.30, 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
VGAB.NEO vs. TGFI.TO - Dividend Comparison
VGAB.NEO's dividend yield for the trailing twelve months is around 3.53%, less than TGFI.TO's 5.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VGAB.NEO Vanguard Global Aggregate Bond Index ETF (CAD-hedged) | 3.53% | 3.44% | 3.24% | 3.05% | 1.67% | 2.36% | 1.35% | 0.00% |
TGFI.TO TD Active Global Income ETF | 5.28% | 5.31% | 5.92% | 5.82% | 4.38% | 3.93% | 3.11% | 0.26% |
Drawdowns
VGAB.NEO vs. TGFI.TO - Drawdown Comparison
The maximum VGAB.NEO drawdown since its inception was -18.09%, smaller than the maximum TGFI.TO drawdown of -22.03%. Use the drawdown chart below to compare losses from any high point for VGAB.NEO and TGFI.TO.
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Drawdown Indicators
| VGAB.NEO | TGFI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.09% | -22.03% | +3.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -3.07% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -17.61% | -17.25% | -0.36% |
Current DrawdownCurrent decline from peak | -8.37% | -2.53% | -5.84% |
Average DrawdownAverage peak-to-trough decline | -8.01% | -5.59% | -2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.84% | +0.06% |
Volatility
VGAB.NEO vs. TGFI.TO - Volatility Comparison
Vanguard Global Aggregate Bond Index ETF (CAD-hedged) (VGAB.NEO) has a higher volatility of 1.66% compared to TD Active Global Income ETF (TGFI.TO) at 1.34%. This indicates that VGAB.NEO's price experiences larger fluctuations and is considered to be riskier than TGFI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGAB.NEO | TGFI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 1.34% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 2.44% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 4.37% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 6.37% | -0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.54% | 9.63% | -4.09% |