VUN.TO vs. XAGH.TO
VUN.TO (Vanguard U.S. Total Market Index ETF) and XAGH.TO (iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)) are both exchange-traded funds - VUN.TO is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index CAD, while XAGH.TO is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index (CAD-Hedged). Both are passively managed. Over the past 3 years, VUN.TO returned 23.05%/yr vs 2.34%/yr for XAGH.TO. At a 0.08 correlation, their price movements are largely independent. VUN.TO charges 0.17%/yr vs 0.18%/yr for XAGH.TO.
Performance
VUN.TO vs. XAGH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, VUN.TO achieves a 12.43% return, which is significantly higher than XAGH.TO's -0.57% return.
VUN.TO
- 1D
- -0.39%
- 1M
- 7.17%
- YTD
- 12.43%
- 6M
- 10.44%
- 1Y
- 29.34%
- 3Y*
- 23.05%
- 5Y*
- 15.50%
- 10Y*
- 15.43%
XAGH.TO
- 1D
- -0.46%
- 1M
- 0.11%
- YTD
- -0.57%
- 6M
- -0.86%
- 1Y
- 3.18%
- 3Y*
- 2.34%
- 5Y*
- —
- 10Y*
- —
VUN.TO vs. XAGH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VUN.TO Vanguard U.S. Total Market Index ETF | 12.43% | 11.43% | 33.76% | 23.00% | -14.20% | 6.34% |
XAGH.TO iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) | -0.57% | 5.24% | 0.01% | 4.10% | -13.03% | 0.15% |
Correlation
The correlation between VUN.TO and XAGH.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021 | 0.08 |
The correlation between VUN.TO and XAGH.TO shifts across timeframes, from 0.08 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VUN.TO vs. XAGH.TO — Risk / Return Rank
VUN.TO
XAGH.TO
VUN.TO vs. XAGH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Total Market Index ETF (VUN.TO) and iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) (XAGH.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.
| VUN.TO | XAGH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.13 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 1.00 | +2.46 |
| Martin ratioReturn relative to average drawdown | 12.96 | 2.86 | +10.10 |
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
| VUN.TO | XAGH.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | 0.72 | +1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | -0.21 | +1.22 |
Drawdowns
VUN.TO vs. XAGH.TO - Drawdown Comparison
The maximum VUN.TO drawdown since its inception was -28.19%, which is greater than XAGH.TO's maximum drawdown of -17.09%. Use the drawdown chart below to compare losses from any high point for VUN.TO and XAGH.TO.
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Drawdown Indicators
| VUN.TO | XAGH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.19% | -17.09% | -11.10% |
Max Drawdown (1Y)Largest decline over 1 year | -8.51% | -3.18% | -5.33% |
Max Drawdown (3Y)Largest decline over 3 years | -19.88% | -6.03% | -13.85% |
Max Drawdown (5Y)Largest decline over 5 years | -23.67% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.19% | — | — |
Current DrawdownCurrent decline from peak | -0.39% | -5.62% | +5.23% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -8.71% | +4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 1.11% | +1.16% |
Volatility
VUN.TO vs. XAGH.TO - Volatility Comparison
Vanguard U.S. Total Market Index ETF (VUN.TO) has a higher volatility of 3.04% compared to iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) (XAGH.TO) at 1.70%. This indicates that VUN.TO's price experiences larger fluctuations and is considered to be riskier than XAGH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VUN.TO | XAGH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 1.70% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 8.81% | 3.00% | +5.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.97% | 4.42% | +7.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.43% | 7.95% | +7.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.70% | 7.95% | +8.75% |
VUN.TO vs. XAGH.TO - Expense Ratio Comparison
VUN.TO has a 0.17% expense ratio, which is lower than XAGH.TO's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VUN.TO vs. XAGH.TO - Dividend Comparison
VUN.TO's dividend yield for the trailing twelve months is around 0.74%, less than XAGH.TO's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VUN.TO Vanguard U.S. Total Market Index ETF | 0.74% | 0.84% | 0.93% | 1.10% | 1.21% | 0.97% | 1.15% | 1.45% | 1.52% | 1.39% | 1.49% | 1.49% |
XAGH.TO iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) | 4.01% | 3.78% | 3.51% | 3.05% | 1.91% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VUN.TO and XAGH.TO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUN.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUN.TO is cheaper with a 0.17% expense ratio, compared with 0.18% for XAGH.TO.
VUN.TO is categorized as Large Cap Blend Equities, while XAGH.TO is Total Bond Market. VUN.TO tracks CRSP US Total Market Index CAD, while XAGH.TO tracks Bloomberg US Aggregate Bond Index (CAD-Hedged). They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.17% for VUN.TO and 0.18% for XAGH.TO.
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