VS
Compare Vanguard Global ex-U.S. Aggregate Bond Index ETF (VBG) vs Vanguard U.S. Aggregate Bond Index ETF (VBU) to find the best fit for your portfolio. VBG provides Sovereign, Banks, and Municipal exposures, while VBU is primarily weighted in Sovereign, Other sectors, and Banks. When evaluating costs, VBG features a management fee (MER) of 0.35%, compared to 0.2% for VBU. Performance-wise, VBG has returned 0.79% year-to-date with +$196 M in net flows, whereas VBU is at 0.67% with +$178 M. 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
VBG
VBU
| AuM | $1,387.12 M | $1,759.53 M |
| Management Fees | 0.35% | 0.20% |
| Exp. ratio | 0.40% | 0.23% |
| Tracking Difference | -1.08% | -0.50% |
Historical performance and flows
As of April 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VBG | +0.42% | -0.95% | -0.79% | -1.39% | +7.86% |
VBU | -0.03% | -0.73% | -0.67% | +1.66% | +8.59% | |
| Flows | VBG | +$24 M | +$141 M | +$196 M | +$551 M | +$827 M |
VBU | +$29 M | +$156 M | +$178 M | +$463 M | +$905 M |
VBG vs VBU exposure
Countries
VBG
France
11.80%
Germany
10.80%
Japan
10.63%
Italy
7.63%
United Kingdom
7.53%
Other
51.62%
VBU
USA
95.54%
Sectors
VBG
Sovereign
53.13%
Other
17.41%
Banks
10.85%
Other
18.60%
VBU
Sovereign
38.01%
Other
32.41%
Other
29.58%
As of April 30, 2026
Top 10 Holdings
VBG
DE000F2Y2E04
1.04%
France, OAT 2.75% 25feb2029, EUR
0.40%
FR001400Z2L7
0.39%
United Kingdom, Gilt 4.375% 7mar2030, GBP
0.37%
United Kingdom, Gilt 4.375% 7mar2028, GBP
0.36%
United Kingdom, Gilt 4.125% 22jul2029, GBP
0.35%
GB00BVP99673
0.32%
United Kingdom, Gilt 3.75% 29jan2038, GBP
0.30%
Italy, BTP 4.1% 01feb2029, EUR
0.28%
Spain, BON 2.4% 31may2028, EUR
0.28%
VBU
USA, Notes 3.5% 31jan2028, USD (U-2028)
0.49%
USA, Notes 4.375% 15may2034, USD (C-2034)
0.43%
US91282CPL99
0.42%
USA, Notes 4.25% 15nov2034, USD (F-2034)
0.42%
USA, Notes 4.625% 15feb2035, USD (B-2035)
0.42%
USA, Notes 3.875% 15aug2034, USD (E-2034)
0.42%
USA, Notes 4% 15feb2034, USD (B-2034)
0.41%
USA, Notes 4.5% 15nov2033, USD (F-2033)
0.40%
US91282CNT44
0.40%
US91282CPZ85
0.39%
Diversification
VBG
Total weight of top 10 holdings out of 6,722 total
4.09%
VBU
Total weight of top 10 holdings out of 15,778 total
4.19%
Characteristics
Compare
VBG
VBU
| Provider | Vanguard | Vanguard |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped (CAD Hedged) Total Return Index - CAD | Bloomberg U.S. Aggregate Float Adjusted Bond (CAD Hedged) Total Return Index - CAD |
| Replication Method | ||
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.55% | 3.60% |
| Meets ESG criteria | No | No |
| Inception Date | June 30, 2014 | June 30, 2014 |
Frequently asked questions about VBG and VBU
Which ETF has performed better year to date: VBG or VBU?
As of April 30, 2026, VBG has returned -0.79% year to date, while VBU has returned -0.67%. VBU is ahead on YTD performance.
Which ETF is larger by assets under management: VBG or VBU?
As of April 30, 2026, VBG manages $1.39 B in assets, while VBU manages $1.76 B. VBU is the larger fund by AUM.
How are VBG and VBU managed?
VBG is passively managed by Vanguard. It tracks the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped (CAD Hedged) Total Return Index - CAD benchmark. VBU is passively managed by Vanguard. It tracks the Bloomberg U.S. Aggregate Float Adjusted Bond (CAD Hedged) Total Return Index - CAD benchmark.
What sectors do VBG and VBU emphasize?
VBG is most exposed to Sovereign, Banks, and Municipal. VBU is most exposed to Sovereign, Other sectors, and Banks.
Which ETF is attracting more investor flows: VBG or VBU?
Year to date, VBG has seen +$195.99 M in net flows, compared with +$178.22 M for VBU. VBG has attracted more net investor money so far.
How do the fees of VBG and VBU compare?
VBG has an expense ratio of 0.40%, while VBU has an expense ratio of 0.23%.
What are the top holdings of VBG and VBU?
VBG's largest holdings include France, OAT 2.75% 25feb2029, EUR and United Kingdom, Gilt 4.375% 7mar2030, GBP. VBU's top holdings include USA, Notes 3.5% 31jan2028, USD (U-2028) and USA, Notes 4.375% 15may2034, USD (C-2034).
Which ETF is more diversified: VBG or VBU?
VBG holds 5990 securities, while VBU holds 8020. On holdings count, VBU is the more diversified portfolio.
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.