VSC.TO vs. BND
VSC.TO (Vanguard Canadian Short-Term Corporate Bond Index ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - VSC.TO is a Short-Term Bond fund tracking the Bloomberg Global Aggregate Canadian 1-5 Year Corporate Float Adjusted Index, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 10 years, VSC.TO returned 2.68%/yr vs 2.34%/yr for BND. At a 0.31 correlation, their price movements are largely independent. VSC.TO charges 0.11%/yr vs 0.03%/yr for BND.
Performance
VSC.TO vs. BND - Performance Comparison
Loading charts...
Different Trading Currencies
VSC.TO is traded in CAD, while BND is traded in USD. To make them comparable, the BND values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VSC.TO achieves a 1.43% return, which is significantly lower than BND's 2.89% return. Over the past 10 years, VSC.TO has outperformed BND with an annualized return of 2.68%, while BND has yielded a comparatively lower 2.34% annualized return.
VSC.TO
- 1D
- 0.12%
- 1M
- -0.01%
- 6M
- 1.14%
- YTD
- 1.43%
- 1Y
- 4.01%
- 3Y*
- 5.65%
- 5Y*
- 2.67%
- 10Y*
- 2.68%
BND
- 1D
- -0.53%
- 1M
- 0.30%
- 6M
- 0.97%
- YTD
- 2.89%
- 1Y
- 7.01%
- 3Y*
- 6.33%
- 5Y*
- 2.06%
- 10Y*
- 2.34%
VSC.TO vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSC.TO Vanguard Canadian Short-Term Corporate Bond Index ETF | 1.43% | 4.32% | 6.10% | 6.75% | -4.23% | -0.97% | 6.27% | 4.72% | 1.19% | 0.92% |
BND Vanguard Total Bond Market ETF | 2.89% | 2.19% | 9.97% | 3.14% | -7.61% | -1.91% | 5.16% | 4.35% | 8.28% | -3.45% |
Correlation
The correlation between VSC.TO and BND is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2012 | 0.31 |
The correlation between VSC.TO and BND shifts across timeframes, from 0.31 (all time) to 0.48 (3 years), reflecting how their relationship changes across market environments.
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
VSC.TO vs. BND — Risk / Return Rank
VSC.TO
BND
VSC.TO vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Canadian Short-Term Corporate Bond Index ETF (VSC.TO) and Vanguard Total Bond Market ETF (BND). 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.
| VSC.TO | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.21 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 1.54 | +1.09 |
| Martin ratioReturn relative to average drawdown | 10.59 | 3.44 | +7.15 |
Loading charts...
Drawdowns
VSC.TO vs. BND - Drawdown Comparison
The maximum VSC.TO drawdown since its inception was -15.87%, smaller than the maximum BND drawdown of -20.35%. Use the drawdown chart below to compare losses from any high point for VSC.TO and BND.
Loading charts...
Drawdown Indicators
| VSC.TO | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.87% | -20.35% | +4.48% |
Max Drawdown (1Y)Largest decline over 1 year | -1.53% | -4.56% | +3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -1.53% | -6.41% | +4.88% |
Max Drawdown (5Y)Largest decline over 5 years | -7.68% | -13.53% | +5.85% |
Max Drawdown (10Y)Largest decline over 10 years | -15.87% | -20.35% | +4.48% |
Current DrawdownCurrent decline from peak | -0.21% | -2.01% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -7.05% | +6.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 2.04% | -1.66% |
Volatility
VSC.TO vs. BND - Volatility Comparison
The current volatility for Vanguard Canadian Short-Term Corporate Bond Index ETF (VSC.TO) is 0.70%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.73%. This indicates that VSC.TO experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VSC.TO | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 1.73% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.65% | 4.21% | -2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.04% | 5.87% | -3.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.76% | 8.69% | -5.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.16% | 8.61% | -3.45% |
VSC.TO vs. BND - Expense Ratio Comparison
VSC.TO has a 0.11% expense ratio, which is higher than BND'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
VSC.TO vs. BND - Dividend Comparison
VSC.TO's dividend yield for the trailing twelve months is around 3.71%, less than BND's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.99% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
VSC.TO Vanguard Canadian Short-Term Corporate Bond Index ETF | 3.71% | 3.32% | 2.99% | 3.14% | 2.85% | 2.59% | 2.64% | 2.71% | 2.77% | 2.75% | 2.89% | 3.05% |
Frequently Asked Questions
VSC.TO and BND have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BND is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BND is cheaper with a 0.03% expense ratio, compared with 0.11% for VSC.TO.
VSC.TO is categorized as Short-Term Bond, while BND is Total Bond Market. VSC.TO tracks Bloomberg Global Aggregate Canadian 1-5 Year Corporate Float Adjusted Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. Their fees differ too: 0.11% for VSC.TO and 0.03% for BND.
Find the right allocation for VSC.TO and BND
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