ISAC is recognized as a promising technology for the next-generation wireless networks, which provides significant performance gains over individual S&C systems via the shared use of wireless resources. The characterization of the S&C performance tradeoff is at the core of the theoretical foundation of ISAC. In this paper, we consider a point-to-point ISAC model under vector Gaussian channels, and propose to use the CRB-rate region as a basic tool for depicting the fundamental S&C tradeoff. In particular, we consider the scenario where a unified ISAC waveform is emitted from a dual-functional ISAC Tx, which simultaneously performs S&C tasks with a communication Rx and a sensing Rx. In order to perform both S&C tasks, the ISAC waveform is required to be random to convey communication information, with realizations being perfectly known at both the ISAC Tx and the sensing Rx as a reference sensing signal as in typical radar systems. As the main contribution of this paper, we characterize the S&C performance at the two corner points of the CRB-rate region, namely, $P_{SC}$ indicating the max. achievable rate constrained by the min. CRB, and $P_{CS}$ indicating the min. achievable CRB constrained by the max. rate. In particular, we derive the high-SNR capacity at $P_{SC}$, and provide lower and upper bounds for the sensing CRB at $P_{CS}$. We show that these two points can be achieved by the conventional Gaussian signaling and a novel strategy relying on the uniform distribution over the Stiefel manifold, respectively. Based on the above-mentioned analysis, we provide an outer bound and various inner bounds for the achievable CRB-rate regions. Our main results reveal a two-fold tradeoff in ISAC systems, consisting of the subspace tradeoff (ST) and the deterministic-random tradeoff (DRT) that depend on the resource allocation and data modulation schemes employed for S&C, respectively.
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