- ISIN
- US92206C5655
- CUSIP
- 92206C565
- Issuer
- Vanguard
- Inception Date
- Sep 4, 2018
- Region
- Developed Markets (Broad)
- Category
- Global Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg Global Aggregate Float Adjusted Composite Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $2B
Share Price Chart
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Performance
BNDW Performance Chart
Vanguard Total World Bond ETF (BNDW) is up 0.7% since the beginning of the year. BNDW is currently trading at $68 per share. Investors who bought $1,000 worth of BNDW shares 5 years ago would now be looking at an investment worth $1,013.
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Returns By Period
Vanguard Total World Bond ETF (BNDW) has returned 0.73% so far this year and 3.26% over the past 12 months.
Vanguard Total World Bond ETF
- 1D
- -0.19%
- 1M
- 0.61%
- YTD
- 0.73%
- 6M
- 0.84%
- 1Y
- 3.26%
- 3Y*
- 4.05%
- 5Y*
- 0.25%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BNDW Monthly Returns History
Based on dividend-adjusted daily data since Sep 6, 2018, BNDW's average daily return is +0.01%, while the average monthly return is +0.16%. At this rate, an investment would double in approximately 36.1 years.
Historically, 54% of months were positive and 46% were negative. The best month was Nov 2023 with a return of +3.9%, while the worst month was Sep 2022 at -3.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, BNDW closed higher 52% of trading days. The best single day was Nov 10, 2022 with a return of +1.7%, while the worst single day was Mar 12, 2020 at -3.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.39% | 1.58% | -1.98% | 0.13% | 0.61% | 0.02% | 0.73% | ||||||
| 2025 | 0.38% | 1.62% | -0.56% | 1.03% | -0.43% | 0.97% | -0.14% | 0.62% | 0.82% | 0.81% | 0.21% | -0.40% | 5.02% |
| 2024 | -0.48% | -0.90% | 0.98% | -1.90% | 0.99% | 0.79% | 2.20% | 1.05% | 1.32% | -1.70% | 1.36% | -1.21% | 2.42% |
| 2023 | 2.82% | -2.14% | 2.62% | 0.43% | -0.48% | -0.16% | -0.17% | -0.17% | -2.08% | -0.87% | 3.94% | 3.46% | 7.18% |
| 2022 | -1.75% | -1.17% | -2.47% | -3.53% | 0.08% | -1.59% | 2.81% | -3.28% | -3.57% | -0.47% | 3.26% | -1.74% | -12.88% |
| 2021 | -0.76% | -1.73% | -0.42% | 0.24% | 0.13% | 0.65% | 1.27% | -0.36% | -0.99% | -0.26% | 0.68% | -0.53% | -2.10% |
Benchmark Metrics
Vanguard Total World Bond ETF has an annualized alpha of 1.40%, beta of 0.04, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since September 06, 2018.
- This ETF participated in 17.39% of S&P 500 Index downside but only 11.74% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.04 may look defensive, but with R2 of 0.03 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.03 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.40%
- Beta
- 0.04
- R²
- 0.03
- Upside Capture
- 11.74%
- Downside Capture
- 17.39%
Expense Ratio
BNDW has an expense ratio of 0.05%, which is considered low.
Return for Risk
Risk / Return Rank
BNDW ranks 26 for risk / return — below 26% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard Total World Bond ETF (BNDW) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BNDW | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.37 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 2.78 | -1.57 |
| Martin ratioReturn relative to average drawdown | 3.27 | 12.44 | -9.17 |
Dividends
Dividend History
Vanguard Total World Bond ETF provided a 4.20% dividend yield over the last twelve months, with an annual payout of $2.87 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.87 | $2.83 | $2.66 | $2.58 | $1.36 | $2.02 | $1.28 | $2.39 | $1.24 |
Dividend yield | 4.20% | 4.12% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Total World Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.19 | $0.18 | $0.20 | $0.19 | $0.20 | $0.96 | ||||||
| 2025 | $0.00 | $0.19 | $0.17 | $0.19 | $0.19 | $0.19 | $0.18 | $0.19 | $0.19 | $0.18 | $0.19 | $0.97 | $2.83 |
| 2024 | $0.00 | $0.16 | $0.16 | $0.17 | $0.16 | $0.17 | $0.17 | $0.18 | $0.18 | $0.17 | $0.18 | $0.97 | $2.66 |
| 2023 | $0.00 | $0.13 | $0.12 | $0.14 | $0.13 | $0.14 | $0.14 | $0.15 | $0.15 | $0.15 | $0.16 | $1.18 | $2.58 |
| 2022 | $0.00 | $0.10 | $0.08 | $0.09 | $0.09 | $0.10 | $0.10 | $0.11 | $0.11 | $0.11 | $0.12 | $0.35 | $1.36 |
| 2021 | $0.00 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $1.13 | $2.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard Total World Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Vanguard Total World Bond ETF was 17.22%, occurring on Oct 20, 2022. Recovery took 839 trading sessions.
The current Vanguard Total World Bond ETF drawdown is 1.23%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -17.22%Oct 2022 | 1y 9mo | 3y 4mo | 5y 1moJan 2021 - Feb 2026 |
COVID crash2020 | -7.55%Mar 2020 | 10d | 3mo 12d | 3mo 22dMar 2020 - Jun 2020 |
2026 pullback2026 | -2.70%Mar 2026 | 25d | — | 3mo 23dMar 2026 - now |
2019 pullback2019 | -1.96%Sep 2019 | 9d | 4mo 13d | 4mo 22dSep 2019 - Jan 2020 |
Rate-hike selloffLate 2018 | -1.28%Oct 2018 | 28d | 2mo | 2mo 28dSep 2018 - Dec 2018 |
Drawdown Indicators
| BNDW | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.22% | -56.78% | +39.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -9.10% | +6.40% |
Max Drawdown (3Y)Largest decline over 3 years | -4.27% | -18.90% | +14.63% |
Max Drawdown (5Y)Largest decline over 5 years | -16.93% | -25.43% | +8.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.23% | -1.80% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -10.71% | +5.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 2.03% | -1.03% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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