PortfoliosLab logo

Vanguard Total International Bond ETF (BNDX)

ETF · Currency in USD · Last updated Mar 21, 2023

BNDX, or the Vanguard Total International Bond ETF, is an exchange-traded fund (ETF) managed by Vanguard. It is designed to track the investment results of the Barclays Global Aggregate ex-USD Float-Adjusted Index (Hedged), which consists of a broad range of investment-grade bonds from around the world. This index is designed to provide investors with exposure to the global bond market, excluding U.S. dollar-denominated bonds. The index is also hedged to reduce the impact of currency fluctuations on returns.

BNDX was launched on May 31, 2013, and has a 0.07% expense ratio, which is considered low compared to other ETFs in the market, making it a low-cost option for those who want to diversify their portfolio and seek income from bonds.

BNDX is a passive ETF, which means that it tracks the performance of the underlying index rather than actively seeking to outperform it.

Share Price Chart

Loading data...


The chart shows the growth of $10,000 invested in Vanguard Total International Bond ETF in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $12,030 for a total return of roughly 20.30%. All prices are adjusted for splits and dividends.

BNDX (Vanguard Total International Bond ETF)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with BNDX


Vanguard Total International Bond ETF had a return of 3.68% year-to-date (YTD) and -5.70% in the last 12 months. Over the past 10 years, Vanguard Total International Bond ETF had an annualized return of 1.91%, while the S&P 500 had an annualized return of 9.47%, indicating that Vanguard Total International Bond ETF did not perform as well as the benchmark.

1 month1.89%-3.13%
6 months1.54%2.02%
1 year-5.70%-11.46%
5 years (annualized)0.44%7.79%
10 years (annualized)1.91%9.47%

Monthly Returns Heatmap


Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Vanguard Total International Bond ETF Sharpe ratio is -0.79. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.

BNDX (Vanguard Total International Bond ETF)
Benchmark (^GSPC)

Dividend History

Vanguard Total International Bond ETF granted a 1.71% dividend yield in the last twelve months. The annual payout for that period amounted to $0.84 per share.


Dividend yield


Monthly Dividends

The table displays the monthly dividend distributions for Vanguard Total International Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.

BNDX (Vanguard Total International Bond ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the Vanguard Total International Bond ETF. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Vanguard Total International Bond ETF is 16.23%, recorded on Oct 20, 2022. The portfolio has not recovered from it yet.



To Bottom


To Recover



-16.23%Dec 14, 2020467Oct 20, 2022
-5.89%Mar 9, 20208Mar 18, 202093Jul 30, 2020101
-3.89%Apr 16, 201539Jun 10, 2015161Jan 29, 2016200
-3.38%Aug 31, 201672Dec 12, 2016228Nov 7, 2017300
-2.66%Jun 6, 201364Sep 5, 201341Nov 1, 2013105
-2.21%Sep 4, 201947Nov 7, 201969Feb 19, 2020116
-1.29%Jul 20, 201855Oct 5, 201840Dec 3, 201895
-1.17%Dec 18, 201741Feb 15, 201824Mar 22, 201865
-1.09%Feb 3, 20156Feb 10, 201526Mar 19, 201532
-0.99%Aug 5, 202019Aug 31, 202028Oct 9, 202047

Volatility Chart

Current Vanguard Total International Bond ETF volatility is 10.33%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.

BNDX (Vanguard Total International Bond ETF)
Benchmark (^GSPC)


SymbolInceptionExpense RatioYTD Ret.10Y Ann. Ret.Div. YieldMax. DrawdownSharpe Ratio
BNDApr 3, 20070.03%2.7%1.3%3.0%-18.8%-0.7
BNDWSep 4, 20180.06%3.1%0.5%2.3%-17.2%-0.8
FBNDOct 6, 20140.36%2.3%1.8%3.7%-17.3%-0.7
IAGGNov 10, 20150.09%3.1%1.7%2.2%-13.9%-0.6

Portfolios with Vanguard Total International Bond ETF

Portfolio NameYTD Return10Y ReturnDiv. Yield10Y VolatilityMax. DrawdownSharpe RatioExpense Ratio
7Twelve Portfolio1.02%4.60%2.47%9.92%-22.46%-0.580.14%
Bogleheads Four-fund Portfolio3.10%7.42%2.30%13.76%-28.24%-0.430.04%
Roger Gibson Five Asset Portfolio-0.12%4.80%2.42%12.00%-27.82%-0.660.22%