ZUAG.TO vs. VGAB.NEO
Compare and contrast key facts about BMO US Aggregate Bond Index ETF (ZUAG.TO) and Vanguard Global Aggregate Bond Index ETF (CAD-hedged) (VGAB.NEO).
ZUAG.TO and VGAB.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZUAG.TO is a passively managed fund by BMO that tracks the performance of the Bloomberg US Aggregate Bond Index. It was launched on Jan 23, 2023. 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. Both ZUAG.TO and VGAB.NEO 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
ZUAG.TO vs. VGAB.NEO - Performance Comparison
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ZUAG.TO vs. VGAB.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZUAG.TO BMO US Aggregate Bond Index ETF | 1.23% | -0.80% | 9.45% | 98.50% |
VGAB.NEO Vanguard Global Aggregate Bond Index ETF (CAD-hedged) | -0.55% | 2.58% | 0.81% | 3.17% |
Returns By Period
In the year-to-date period, ZUAG.TO achieves a 1.23% return, which is significantly higher than VGAB.NEO's -0.55% return.
ZUAG.TO
- 1D
- 0.59%
- 1M
- 0.04%
- YTD
- 1.23%
- 6M
- -2.31%
- 1Y
- -1.70%
- 3Y*
- 3.39%
- 5Y*
- —
- 10Y*
- —
VGAB.NEO
- 1D
- 0.34%
- 1M
- -2.12%
- YTD
- -0.55%
- 6M
- -0.64%
- 1Y
- 1.06%
- 3Y*
- 1.78%
- 5Y*
- -1.18%
- 10Y*
- —
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ZUAG.TO vs. VGAB.NEO - Expense Ratio Comparison
ZUAG.TO has a 0.09% expense ratio, which is lower than VGAB.NEO's 0.33% expense ratio.
Return for Risk
ZUAG.TO vs. VGAB.NEO — Risk / Return Rank
ZUAG.TO
VGAB.NEO
ZUAG.TO vs. VGAB.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO US Aggregate Bond Index ETF (ZUAG.TO) and Vanguard Global Aggregate Bond Index ETF (CAD-hedged) (VGAB.NEO). 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.
| ZUAG.TO | VGAB.NEO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.21 | 0.28 | -0.49 |
Sortino ratioReturn per unit of downside risk | -0.22 | 0.39 | -0.61 |
Omega ratioGain probability vs. loss probability | 0.97 | 1.05 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | -0.18 | 0.38 | -0.56 |
Martin ratioReturn relative to average drawdown | -0.31 | 1.24 | -1.55 |
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
| ZUAG.TO | VGAB.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.21 | 0.28 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | -0.11 | +0.63 |
Correlation
The correlation between ZUAG.TO and VGAB.NEO is 0.12, 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
ZUAG.TO vs. VGAB.NEO - Dividend Comparison
ZUAG.TO's dividend yield for the trailing twelve months is around 2.60%, less than VGAB.NEO's 3.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZUAG.TO BMO US Aggregate Bond Index ETF | 2.60% | 2.51% | 2.09% | 1.89% | 0.00% | 0.00% | 0.00% |
VGAB.NEO Vanguard Global Aggregate Bond Index ETF (CAD-hedged) | 3.08% | 3.44% | 3.24% | 3.05% | 1.67% | 2.36% | 1.35% |
Drawdowns
ZUAG.TO vs. VGAB.NEO - Drawdown Comparison
The maximum ZUAG.TO drawdown since its inception was -7.19%, smaller than the maximum VGAB.NEO drawdown of -18.09%. Use the drawdown chart below to compare losses from any high point for ZUAG.TO and VGAB.NEO.
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Drawdown Indicators
| ZUAG.TO | VGAB.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.19% | -18.09% | +10.90% |
Max Drawdown (1Y)Largest decline over 1 year | -6.92% | -2.88% | -4.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.61% | — |
Current DrawdownCurrent decline from peak | -5.01% | -8.47% | +3.46% |
Average DrawdownAverage peak-to-trough decline | -2.79% | -8.01% | +5.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 0.89% | +3.09% |
Volatility
ZUAG.TO vs. VGAB.NEO - Volatility Comparison
BMO US Aggregate Bond Index ETF (ZUAG.TO) has a higher volatility of 1.99% compared to Vanguard Global Aggregate Bond Index ETF (CAD-hedged) (VGAB.NEO) at 1.63%. This indicates that ZUAG.TO's price experiences larger fluctuations and is considered to be riskier than VGAB.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZUAG.TO | VGAB.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 1.63% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 5.73% | 2.52% | +3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.10% | 3.84% | +4.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.20% | 5.38% | +48.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.20% | 5.54% | +48.66% |