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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, Finance, and Municipal exposures, while VBU is primarily weighted in Sovereign, Finance, and Industrials. When evaluating costs, VBG features a management fee (MER) of 0.35%, compared to 0.2% for VBU. Performance-wise, VBG has returned 2.51% year-to-date with +$406 M in net flows, whereas VBU is at 2.55% with +$363 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 | $1,555.14 M | $1,882.30 M |
| Management Fees | 0.35% | 0.20% |
| Exp. ratio | 0.38% | 0.23% |
| Tracking Difference | -1.10% | -0.54% |
Historical performance and flows
As of September 14, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VBG | -1.57% | -2.56% | -2.51% | -3.17% | +6.19% |
VBU | -1.37% | -2.31% | -2.55% | -2.70% | +8.87% | |
| Flows | VBG | +$42 M | +$127 M | +$406 M | +$669 M | +$1,000 M |
VBU | +$28 M | +$120 M | +$363 M | +$544 M | +$1,076 M |
VBG vs VBU exposure
Countries
VBG
France
11.66%
Japan
10.32%
Germany
9.84%
United Kingdom
8.13%
Italy
7.55%
Other
52.50%
VBU
USA
76.35%
Other
17.66%
Sectors
VBG
Sovereign
63.85%
Finance
19.29%
Other
16.86%
VBU
Sovereign
48.70%
Other
17.66%
Finance
10.74%
Industrials
7.30%
Other
15.59%
As of September 14, 2026
Top 10 Holdings
VBG
DE000F3A9EV9
0.87%
United Kingdom, Gilt 4.125% 7mar2031, GBP
0.41%
France, OAT 2.7% 25feb2031, EUR
0.37%
France, OAT 2.75% 25feb2029, EUR
0.36%
United Kingdom, Gilt 4.375% 7mar2030, GBP
0.36%
United Kingdom, Gilt 4.375% 7mar2028, GBP
0.35%
United Kingdom, Gilt 4.125% 22jul2029, GBP
0.34%
France, OAT 3.5% 25nov2035, EUR
0.33%
France, OAT 2% 25nov2032, EUR
0.33%
Germany, Bund 2.9% 15feb2036, EUR
0.30%
VBU
USA, Notes 3.5% 31jan2028, USD (U-2028)
0.47%
USA, Notes 4.25% 15nov2034, USD (F-2034)
0.41%
USA, Notes 3.375% 30nov2027, USD (BL-2027)
0.40%
USA, Notes 4.375% 15may2034, USD (C-2034)
0.40%
USA, Notes 4.625% 15feb2035, USD (B-2035)
0.40%
USA, Notes 3.875% 15aug2034, USD (E-2034)
0.40%
USA, Notes 4.125% 15feb2036, USD (B-2036)
0.39%
USA, Notes 4% 15feb2034, USD (B-2034)
0.39%
USA, Notes 4.5% 15nov2033, USD (F-2033)
0.38%
USA, Notes 4.25% 15aug2035, USD (E-2035)
0.38%
Diversification
VBG
Total weight of top 10 holdings out of 6,802 total
4.03%
VBU
Total weight of top 10 holdings out of 15,693 total
4.03%
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 | 3.80% | 3.76% |
| 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 September 14, 2026, VBG has returned -2.51% year to date, while VBU has returned -2.55%. VBG is ahead on YTD performance.
Which ETF is larger by assets under management: VBG or VBU?
As of September 14, 2026, VBG manages $1.56 B in assets, while VBU manages $1.88 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, Finance, and Municipal. VBU is most exposed to Sovereign, Finance, and Industrials.
Which ETF is attracting more investor flows: VBG or VBU?
Year to date, VBG has seen +$406.04 M in net flows, compared with +$362.60 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 0.38%, while VBU has an expense ratio of 0.23%.
What are the top holdings of VBG and VBU?
VBG's largest holdings include United Kingdom, Gilt 4.125% 7mar2031, GBP and France, OAT 2.7% 25feb2031, EUR. VBU's top holdings include USA, Notes 3.5% 31jan2028, USD (U-2028) and USA, Notes 4.25% 15nov2034, USD (F-2034).
Which ETF is more diversified: VBG or VBU?
VBG holds 6750 securities, while VBU holds 9573. On holdings count, VBU is the more diversified portfolio.
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