VGAB.NEO vs. VEQT.TO
Compare and contrast key facts about Vanguard Global Aggregate Bond Index ETF (CAD-hedged) (VGAB.NEO) and Vanguard All-Equity ETF Portfolio (VEQT.TO).
VGAB.NEO and VEQT.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. VEQT.TO is an actively managed fund by Vanguard. It was launched on Jan 29, 2019.
Performance
VGAB.NEO vs. VEQT.TO - Performance Comparison
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VGAB.NEO vs. VEQT.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% |
VEQT.TO Vanguard All-Equity ETF Portfolio | 1.43% | 20.37% | 24.73% | 16.70% | -10.76% | 19.62% | 7.96% |
Returns By Period
In the year-to-date period, VGAB.NEO achieves a -0.45% return, which is significantly lower than VEQT.TO's 1.43% 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*
- —
VEQT.TO
- 1D
- 0.80%
- 1M
- -3.52%
- YTD
- 1.43%
- 6M
- 3.81%
- 1Y
- 22.58%
- 3Y*
- 18.83%
- 5Y*
- 12.21%
- 10Y*
- —
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VGAB.NEO vs. VEQT.TO - Expense Ratio Comparison
VGAB.NEO has a 0.33% expense ratio, which is higher than VEQT.TO's 0.24% expense ratio.
Return for Risk
VGAB.NEO vs. VEQT.TO — Risk / Return Rank
VGAB.NEO
VEQT.TO
VGAB.NEO vs. VEQT.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 Vanguard All-Equity ETF Portfolio (VEQT.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 | VEQT.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.24 | 1.43 | -1.19 |
Sortino ratioReturn per unit of downside risk | 0.34 | 1.96 | -1.62 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.31 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | 0.40 | 1.91 | -1.50 |
Martin ratioReturn relative to average drawdown | 1.29 | 8.59 | -7.30 |
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 | VEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 1.43 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.96 | -1.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.82 | -0.93 |
Correlation
The correlation between VGAB.NEO and VEQT.TO is 0.14, 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. VEQT.TO - Dividend Comparison
VGAB.NEO's dividend yield for the trailing twelve months is around 3.53%, more than VEQT.TO's 1.40% 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% |
VEQT.TO Vanguard All-Equity ETF Portfolio | 1.40% | 1.42% | 1.58% | 1.88% | 2.09% | 1.40% | 1.48% | 1.42% |
Drawdowns
VGAB.NEO vs. VEQT.TO - Drawdown Comparison
The maximum VGAB.NEO drawdown since its inception was -18.09%, smaller than the maximum VEQT.TO drawdown of -30.45%. Use the drawdown chart below to compare losses from any high point for VGAB.NEO and VEQT.TO.
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Drawdown Indicators
| VGAB.NEO | VEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.09% | -30.45% | +12.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -11.87% | +8.99% |
Max Drawdown (5Y)Largest decline over 5 years | -17.61% | -18.32% | +0.71% |
Current DrawdownCurrent decline from peak | -8.37% | -4.22% | -4.15% |
Average DrawdownAverage peak-to-trough decline | -8.01% | -3.78% | -4.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 2.63% | -1.73% |
Volatility
VGAB.NEO vs. VEQT.TO - Volatility Comparison
The current volatility for Vanguard Global Aggregate Bond Index ETF (CAD-hedged) (VGAB.NEO) is 1.66%, while Vanguard All-Equity ETF Portfolio (VEQT.TO) has a volatility of 5.65%. This indicates that VGAB.NEO experiences smaller price fluctuations and is considered to be less risky than VEQT.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 | VEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 5.65% | -3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 9.40% | -6.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 15.88% | -12.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 12.78% | -7.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.54% | 15.83% | -10.29% |