- Issuer
- Vanguard
- Inception Date
- Oct 10, 2017
- Category
- Total Bond Market
- Leveraged
- 1x (No leverage)
- Index Tracked
- Vanguard Global Aggregate Bond (Hedged) Index Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
VBND.AX Performance Chart
Vanguard Global Aggregate Bond (Hedged) Index ETF (VBND.AX) is down 0.5% since the beginning of the year. VBND.AX is currently trading at A$39 per share. Investors who bought A$1,000 worth of VBND.AX shares 5 years ago would now be looking at an investment worth A$927.
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Returns By Period
Vanguard Global Aggregate Bond (Hedged) Index ETF (VBND.AX) has returned -0.51% so far this year and 2.04% over the past 12 months.
Vanguard Global Aggregate Bond (Hedged) Index ETF
- 1D
- 0.05%
- 1M
- -0.50%
- 6M
- 0.08%
- YTD
- -0.51%
- 1Y
- 2.04%
- 3Y*
- 2.54%
- 5Y*
- -1.51%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.12%
- 1M
- 1.38%
- 6M
- 4.49%
- YTD
- 5.58%
- 1Y
- 12.98%
- 3Y*
- 18.01%
- 5Y*
- 13.12%
- 10Y*
- 14.27%
VBND.AX Monthly Returns History
Based on dividend-adjusted daily data since Oct 10, 2017, VBND.AX's average daily return is 0.00%, while the average monthly return is +0.06%. At this rate, an investment would double in approximately 96.3 years.
Historically, 55% of months were positive and 45% were negative. The best month was Nov 2023 with a return of +3.6%, while the worst month was Sep 2022 at -4.4%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 7 months.
On a daily basis, VBND.AX closed higher 48% of trading days. The best single day was Mar 31, 2026 with a return of +4.2%, while the worst single day was Apr 1, 2026 at -3.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.68% | 1.49% | 1.49% | -3.50% | 0.81% | 0.81% | -0.83% | -0.51% | |||||
| 2025 | -0.09% | 1.56% | 0.28% | 0.02% | -0.31% | 0.86% | 0.05% | 0.50% | 0.76% | 0.73% | -0.42% | 0.33% | 4.32% |
| 2024 | -1.42% | -0.91% | 1.02% | -2.06% | 0.27% | 1.17% | 1.43% | 1.49% | 0.99% | -1.78% | 0.96% | -0.66% | 0.38% |
| 2023 | 1.46% | -2.02% | 1.99% | 0.10% | -0.22% | -0.41% | -0.04% | -0.59% | -1.99% | -0.61% | 3.55% | 3.35% | 4.47% |
| 2022 | -2.20% | -1.59% | -2.72% | -2.44% | -0.66% | -2.43% | 3.42% | -2.86% | -4.37% | -0.18% | 2.42% | -1.18% | -14.06% |
| 2021 | -0.76% | -2.13% | -0.33% | 0.47% | 0.12% | 0.52% | 1.39% | -0.02% | -1.29% | -0.41% | 0.54% | -0.27% | -2.20% |
Benchmark Metrics
Vanguard Global Aggregate Bond (Hedged) Index ETF has an annualized alpha of -0.01%, beta of 0.03, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since October 10, 2017.
- This ETF participated in 11.35% of S&P 500 Index downside but only 4.94% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.03 may look defensive, but with R2 of 0.01 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 0.01 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
- -0.01%
- Beta
- 0.03
- R²
- 0.01
- Upside Capture
- 4.94%
- Downside Capture
- 11.35%
Return for Risk
Risk / Return Rank
VBND.AX ranks 15 for risk / return — in the bottom 15% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard Global Aggregate Bond (Hedged) Index ETF (VBND.AX) 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.
| VBND.AX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.24 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 1.11 | -0.63 |
| Martin ratioReturn relative to average drawdown | 1.13 | 3.10 | -1.97 |
Dividends
Dividend History
Vanguard Global Aggregate Bond (Hedged) Index ETF provided a 8.48% dividend yield over the last twelve months, with an annual payout of A$3.33 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | A$3.33 | A$1.09 | A$0.42 | A$0.55 | A$0.44 | A$4.15 | A$2.42 | A$1.10 | A$0.45 |
Dividend yield | 8.48% | 2.55% | 1.00% | 1.30% | 1.07% | 8.61% | 4.52% | 2.08% | 0.90% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Global Aggregate Bond (Hedged) Index 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 | A$0.00 | A$0.00 | A$1.56 | A$0.00 | A$0.00 | A$0.00 | A$1.58 | A$3.14 | |||||
| 2025 | A$0.27 | A$0.00 | A$0.26 | A$0.00 | A$0.00 | A$0.00 | A$0.36 | A$0.00 | A$0.00 | A$0.20 | A$0.00 | A$0.00 | A$1.09 |
| 2024 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.25 | A$0.00 | A$0.00 | A$0.17 | A$0.00 | A$0.00 | A$0.42 |
| 2023 | A$0.00 | A$0.00 | A$0.00 | A$0.16 | A$0.00 | A$0.00 | A$0.24 | A$0.00 | A$0.00 | A$0.15 | A$0.00 | A$0.00 | A$0.55 |
| 2022 | A$0.00 | A$0.00 | A$0.00 | A$0.14 | A$0.00 | A$0.00 | A$0.19 | A$0.00 | A$0.00 | A$0.11 | A$0.00 | A$0.00 | A$0.44 |
| 2021 | A$0.95 | A$0.00 | A$0.00 | A$2.83 | A$0.00 | A$0.00 | A$0.27 | A$0.00 | A$0.00 | A$0.10 | A$0.00 | A$0.00 | A$4.15 |
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 Global Aggregate Bond (Hedged) Index 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 Global Aggregate Bond (Hedged) Index ETF was 18.57%, occurring on Oct 23, 2023. The portfolio has not yet recovered.
The current Vanguard Global Aggregate Bond (Hedged) Index ETF drawdown is 8.51%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-18.57%Oct 2023 | 2y 9mo | — | 5y 6moJan 2021 - now | — |
-8.88%Mar 2020 | 13d | 4mo 9d | 4mo 22dMar 2020 - Jul 2020 | COVID crash2020 |
-2.10%Nov 2019 | 2mo 7d | 2mo 20d | 4mo 27dSep 2019 - Jan 2020 | — |
-1.92%Feb 2018 | 1mo 20d | 10mo 6d | 11mo 26dDec 2017 - Dec 2018 | — |
-1.17%Jul 2019 | 4d | 21d | 25dJul 2019 - Aug 2019 | — |
Drawdown Indicators
| VBND.AX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.57% | -41.07% | +22.50% |
Max Drawdown (1Y)Largest decline over 1 year | -4.02% | -11.69% | +7.67% |
Max Drawdown (3Y)Largest decline over 3 years | -4.51% | -17.74% | +13.23% |
Max Drawdown (5Y)Largest decline over 5 years | -18.17% | -22.01% | +3.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.71% | — |
Current DrawdownCurrent decline from peak | -8.51% | -0.60% | -7.91% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -11.02% | +4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 4.20% | -2.47% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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