VS
When evaluating costs, PSA features a management fee (MER) of 0.15%, compared to 0.08% for VAB. Performance-wise, PSA has returned 1.86% year-to-date with +$230 M in net flows, whereas VAB is at 1.57% with +$1 B. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
PSA
VAB
| AuM | $3,434.64 M | $7,826.78 M |
| Management Fees | 0.15% | 0.08% |
| Exp. ratio | 0.17% | 0.09% |
| Tracking Difference | - | -0.39% |
Historical performance and flows
As of November 5, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PSA | +0.19% | +0.56% | +1.86% | +2.20% | +10.16% |
VAB | +2.07% | +0.74% | +1.57% | +0.27% | +16.46% | |
| Flows | PSA | +$102 M | +$267 M | +$230 M | +$145 M | -$574 M |
VAB | +$69 M | +$316 M | +$1,380 M | +$1,677 M | +$3,449 M |
PSA vs VAB exposure
Countries
PSA
Exposure data will be available soon
VAB
Canada
94.18%
Sectors
PSA
Exposure data will be available soon
VAB
Sovereign
33.17%
Municipal
29.83%
Finance
12.87%
Government Agencies
7.38%
Other
16.75%
As of November 5, 2026
Top 10 Holdings
PSA
Exposure data will be available soon
VAB
Canada, Bonds 2.75% 1mar2031, CAD
1.80%
Canada, Bonds 3% 1sep2031, CAD
1.69%
Canada, Bonds 3.25% 1dec2035, CAD
1.47%
Canada, Bonds 2.75% 1sep2030, CAD
1.46%
Canada, Bonds 3.25% 1jun2036, CAD
1.42%
Canada, Bonds 3.25% 1jun2035, CAD
1.38%
Canada, Bonds 2.75% 1mar2030, CAD
1.23%
Canada, Bonds 2.25% 1feb2028, CAD
1.13%
Canada, Bonds 2.5% 1may2028, CAD
1.12%
Canada, Bonds 3% 1jun2034, CAD
1.12%
Diversification
PSA
Exposure data will be available soon
VAB
Total weight of top 10 holdings out of 1,324 total
13.81%
Characteristics
Compare
PSA
VAB
| Provider | Purpose Investments | Vanguard |
| Management | Actively managed | Passively managed |
| Benchmark | - | Bloomberg Global Aggregate Canadian Float Adjusted Bond Total Return Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.17% | 3.41% |
| Meets ESG criteria | No | No |
| Inception Date | October 10, 2013 | November 30, 2011 |
Frequently asked questions about PSA and VAB
Which ETF has performed better year to date: PSA or VAB?
As of November 5, 2026, PSA has returned 1.86% year to date, while VAB has returned 1.57%. PSA is ahead on YTD performance.
Which ETF is larger by assets under management: PSA or VAB?
As of November 5, 2026, PSA manages $3.43 B in assets, while VAB manages $7.83 B. VAB is the larger fund by AUM.
How are PSA and VAB managed?
PSA is actively managed by Purpose Investments. It does not track an index. VAB is passively managed by Vanguard. It tracks the Bloomberg Global Aggregate Canadian Float Adjusted Bond Total Return Index - CAD benchmark.
Which ETF is attracting more investor flows: PSA or VAB?
Year to date, PSA has seen +$229.80 M in net flows, compared with +$1,379.84 M for VAB. VAB has attracted more net investor money so far.
How do the fees of PSA and VAB compare?
PSA has an expense ratio of 0.17%, while VAB has an expense ratio of 0.09%.
Recent articles about PSA and VAB
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.