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VGAB.NEO vs. VFV.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

VGAB.NEO vs. VFV.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Global Aggregate Bond Index ETF (CAD-hedged) (VGAB.NEO) and Vanguard S&P 500 Index ETF (VFV.TO).

VGAB.NEO and VFV.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. VFV.TO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Nov 2, 2012. Both VGAB.NEO and VFV.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

VGAB.NEO vs. VFV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard Global Aggregate Bond Index ETF (CAD-hedged) (VGAB.NEO) and Vanguard S&P 500 Index ETF (VFV.TO). The values are adjusted to include any dividend payments, if applicable.

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VGAB.NEO vs. VFV.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
VGAB.NEO
Vanguard Global Aggregate Bond Index ETF (CAD-hedged)		-0.55%2.58%0.81%5.73%-13.57%-2.59%5.03%
VFV.TO
Vanguard S&P 500 Index ETF		-3.12%12.18%35.23%23.23%-12.58%27.51%11.42%

Returns By Period

In the year-to-date period, VGAB.NEO achieves a -0.55% return, which is significantly higher than VFV.TO's -3.12% return.

VGAB.NEO

1D
0.34%
1M
-2.12%
YTD
-0.55%
6M
-0.64%
1Y
1.06%
3Y*
1.78%
5Y*
-1.18%
10Y*
—

VFV.TO

1D
2.76%
1M
-3.12%
YTD
-3.12%
6M
-1.94%
1Y
13.65%
3Y*
19.11%
5Y*
13.78%
10Y*
14.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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Vanguard Global Aggregate Bond Index ETF (CAD-hedged)

Vanguard S&P 500 Index ETF

Often compared with VGAB.NEO:
VGAB.NEO vs. ZUAG.TOVGAB.NEO vs. TGFI.TOVGAB.NEO vs. VBG.NEOVGAB.NEO vs. NUBF.TOVGAB.NEO vs. HAF.TOVGAB.NEO vs. FFIX.NEOVGAB.NEO vs. VCE.TO
Often compared with VFV.TO:
VFV.TO vs. XEQT.TOVFV.TO vs. VEQT.TOVFV.TO vs. VOOVFV.TO vs. VSP.TOVFV.TO vs. QQC.TOVFV.TO vs. VCN.TOVFV.TO vs. XQQ.TO

VGAB.NEO vs. VFV.TO - Expense Ratio Comparison

VGAB.NEO has a 0.33% expense ratio, which is higher than VFV.TO's 0.09% expense ratio.

VGAB.NEO
Vanguard Global Aggregate Bond Index ETF (CAD-hedged)
VFV.TO
Vanguard S&P 500 Index ETF

Return for Risk

VGAB.NEO vs. VFV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VGAB.NEO
VGAB.NEO Risk / Return Rank: 1818
Overall Rank
VGAB.NEO Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
VGAB.NEO Sortino Ratio Rank: 1616
Sortino Ratio Rank
VGAB.NEO Omega Ratio Rank: 1515
Omega Ratio Rank
VGAB.NEO Calmar Ratio Rank: 2020
Calmar Ratio Rank
VGAB.NEO Martin Ratio Rank: 2020
Martin Ratio Rank
VFV.TO
VFV.TO Risk / Return Rank: 4848
Overall Rank
VFV.TO Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
VFV.TO Sortino Ratio Rank: 4444
Sortino Ratio Rank
VFV.TO Omega Ratio Rank: 5050
Omega Ratio Rank
VFV.TO Calmar Ratio Rank: 5252
Calmar Ratio Rank
VFV.TO Martin Ratio Rank: 5151
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VGAB.NEO vs. VFV.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 S&P 500 Index ETF (VFV.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.NEOVFV.TODifference

Sharpe ratio

Return per unit of total volatility

0.28

0.75

-0.47

Sortino ratio

Return per unit of downside risk

0.39

1.13

-0.74

Omega ratio

Gain probability vs. loss probability

1.05

1.18

-0.13

Calmar ratio

Return relative to maximum drawdown

0.38

1.19

-0.80

Martin ratio

Return relative to average drawdown

1.24

4.51

-3.27

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGAB.NEO vs. VFV.TO - Sharpe Ratio Comparison

The current VGAB.NEO Sharpe Ratio is 0.28, which is lower than the VFV.TO Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of VGAB.NEO and VFV.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

VGAB.NEOVFV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.28

0.75

-0.47

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.22

0.93

-1.15

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.88

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.11

1.07

-1.19

Correlation

The correlation between VGAB.NEO and VFV.TO is 0.10, 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. VFV.TO - Dividend Comparison

VGAB.NEO's dividend yield for the trailing twelve months is around 3.52%, more than VFV.TO's 0.96% yield.

TTM20252024202320222021202020192018201720162015
VGAB.NEO
Vanguard Global Aggregate Bond Index ETF (CAD-hedged)		3.52%3.44%3.24%3.05%1.67%2.36%1.35%0.00%0.00%0.00%0.00%0.00%
VFV.TO
Vanguard S&P 500 Index ETF		0.96%0.92%0.99%1.20%1.31%1.06%1.33%1.55%1.68%1.50%1.66%1.63%

Drawdowns

VGAB.NEO vs. VFV.TO - Drawdown Comparison

The maximum VGAB.NEO drawdown since its inception was -18.09%, smaller than the maximum VFV.TO drawdown of -27.43%. Use the drawdown chart below to compare losses from any high point for VGAB.NEO and VFV.TO.

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Drawdown Indicators

VGAB.NEOVFV.TODifference

Max Drawdown

Largest peak-to-trough decline

-18.09%

-27.43%

+9.34%

Max Drawdown (1Y)

Largest decline over 1 year

-2.88%

-12.52%

+9.64%

Max Drawdown (5Y)

Largest decline over 5 years

-17.61%

-22.19%

+4.58%

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.43%

—

Current Drawdown

Current decline from peak

-8.47%

-6.10%

-2.37%

Average Drawdown

Average peak-to-trough decline

-8.01%

-3.39%

-4.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.89%

3.29%

-2.40%

Volatility

VGAB.NEO vs. VFV.TO - Volatility Comparison

The current volatility for Vanguard Global Aggregate Bond Index ETF (CAD-hedged) (VGAB.NEO) is 1.63%, while Vanguard S&P 500 Index ETF (VFV.TO) has a volatility of 5.12%. This indicates that VGAB.NEO experiences smaller price fluctuations and is considered to be less risky than VFV.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.NEOVFV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.63%

5.12%

-3.49%

Volatility (6M)

Calculated over the trailing 6-month period

2.52%

9.27%

-6.75%

Volatility (1Y)

Calculated over the trailing 1-year period

3.84%

18.28%

-14.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.38%

14.92%

-9.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.54%

16.57%

-11.03%