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Vanguard Total International Bond ETF (BNDX) Sharpe Ratio: 0.65

ETF · Currency in USD · Last updated Jun 24, 2026

BNDX, or the Vanguard Total International Bond ETF, is an exchange-traded fund managed by Vanguard. It tracks the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged), providing broad exposure to investment-grade international bonds while hedging currency risk back to the U.S. dollar. The fund covers government, agency, corporate, and securitized bonds from developed and emerging markets outside the United States. With an expense ratio of 0.07%, BNDX offers a low-cost way to diversify a bond portfolio internationally.

BNDX's Sharpe Ratio of 0.65 indicates that for each unit of volatility, it generates 0.65 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

BNDX Sharpe Ratio Rank

BNDX Sharpe Ratio Rank: 19.519
Concerning

BNDX ranks above 19.5% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

BNDX Sharpe Ratio Market Positioning

The chart shows BNDX's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.84 or lower
  • Yellow zone (middle 50%): 0.84 to 2.15
  • Green zone (top 25%): 2.15 or higher
  • Top 1%: 7.05+
  • Median: 1.57 — half of all investments score higher

How it compares to other similar ETFs

The table compares Vanguard Total International Bond ETF's Sharpe Ratio with other ETFs in the Global Bonds category across multiple time periods, showing how BNDX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
AVGBAvantis Credit ETF1.74
BGRNiShares USD Green Bond ETF1.53
GRNBVanEck Green Bond ETF1.44
FOPCFrontier Asset Opportunistic Credit ETF1.39
JPIBJPMorgan International Bond Opportunities ETF1.36
DGCBDimensional Global Credit ETF1.12
DFGPDimensional Global Core Plus Fixed Income ETF0.99
BNDWVanguard Total World Bond ETF0.97
SPSKSP Funds Dow Jones Global Sukuk ETF0.91
IAGGiShares Core International Aggregate Bond ETF0.87
BNDXVanguard Total International Bond ETF0.65

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows BNDX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when BNDX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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