ANAZX vs. BNDX

Last updated Jun 4, 2026

ANAZX (AB Global Bond Fund Class Z) and BNDX (Vanguard Total International Bond ETF) are both Global Bonds funds. Over the past 10 years, ANAZX returned 1.78%/yr vs 1.68%/yr for BNDX. A 0.73 correlation means they provide meaningful diversification when combined. ANAZX charges 0.52%/yr vs 0.07%/yr for BNDX.

Performance

ANAZX vs. BNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Global Bond Fund Class Z (ANAZX) and Vanguard Total International Bond ETF (BNDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ANAZX achieves a 0.87% return, which is significantly higher than BNDX's 0.54% return. Over the past 10 years, ANAZX has outperformed BNDX with an annualized return of 1.78%, while BNDX has yielded a comparatively lower 1.68% annualized return.

ANAZX

• 1D: 0.14%
• 1M: 0.94%
• YTD: 0.87%
• 6M: 0.91%
• 1Y: 3.81%
• 3Y*: 4.79%
• 5Y*: 0.44%
• 10Y*: 1.78%

BNDX

• 1D: -0.35%
• 1M: 0.63%
• YTD: 0.54%
• 6M: 0.23%
• 1Y: 1.82%
• 3Y*: 4.03%
• 5Y*: 0.33%
• 10Y*: 1.68%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ANAZX vs. BNDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANAZX AB Global Bond Fund Class Z	0.87%	6.42%	2.70%	5.99%	-12.17%	-2.14%	5.13%	7.84%	0.38%	3.18%
BNDX Vanguard Total International Bond ETF	0.54%	2.86%	3.57%	8.77%	-12.76%	-2.29%	4.65%	7.87%	2.81%	2.40%

Correlation

The correlation between ANAZX and BNDX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Oct 21, 2013	0.73

The correlation between ANAZX and BNDX has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.

Return for Risk

ANAZX vs. BNDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ANAZX

ANAZX Risk / Return Rank: 16
ANAZX Sharpe Ratio Rank: 16
ANAZX Sortino Ratio Rank: 17
ANAZX Omega Ratio Rank: 18
ANAZX Calmar Ratio Rank: 13
ANAZX Martin Ratio Rank: 14

BNDX

BNDX Risk / Return Rank: 16
BNDX Sharpe Ratio Rank: 17
BNDX Sortino Ratio Rank: 15
BNDX Omega Ratio Rank: 16
BNDX Calmar Ratio Rank: 16
BNDX Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ANAZX vs. BNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Global Bond Fund Class Z (ANAZX) and Vanguard Total International Bond ETF (BNDX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ANAZX	BNDX	Difference
Sharpe ratio Return per unit of total volatility	1.15	0.53	+0.62
Sortino ratio Return per unit of downside risk	1.71	0.77	+0.94
Omega ratio Gain probability vs. loss probability	1.22	1.10	+0.13
Calmar ratio Return relative to maximum drawdown	1.22	0.62	+0.60
Martin ratio Return relative to average drawdown	3.96	1.78	+2.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ANAZX vs. BNDX - Sharpe Ratio Comparison

The current ANAZX Sharpe Ratio is 1.15, which is higher than the BNDX Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of ANAZX and BNDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ANAZX	BNDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	0.53	+0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	0.07	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.41	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.61	+0.08

Drawdowns

ANAZX vs. BNDX - Drawdown Comparison

The maximum ANAZX drawdown since its inception was -17.24%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for ANAZX and BNDX.

Drawdown Indicators

	ANAZX	BNDX	Difference
Max Drawdown Largest peak-to-trough decline	-17.24%	-16.23%	-1.01%
Max Drawdown (1Y) Largest decline over 1 year	-3.12%	-2.93%	-0.19%
Max Drawdown (3Y) Largest decline over 3 years	-4.00%	-2.93%	-1.07%
Max Drawdown (5Y) Largest decline over 5 years	-17.24%	-15.86%	-1.38%
Max Drawdown (10Y) Largest decline over 10 years	-17.24%	-16.23%	-1.01%
Current Drawdown Current decline from peak	-0.87%	-1.49%	+0.62%
Average Drawdown Average peak-to-trough decline	-3.39%	-3.09%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	1.02%	-0.06%

Volatility

ANAZX vs. BNDX - Volatility Comparison

The current volatility for AB Global Bond Fund Class Z (ANAZX) is 1.45%, while Vanguard Total International Bond ETF (BNDX) has a volatility of 1.57%. This indicates that ANAZX experiences smaller price fluctuations and is considered to be less risky than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANAZX	BNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.45%	1.57%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	2.80%	2.91%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	3.33%	3.43%	-0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.46%	4.88%	-0.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.76%	4.09%	-0.33%

ANAZX vs. BNDX - Expense Ratio Comparison

ANAZX has a 0.52% expense ratio, which is higher than BNDX's 0.07% expense ratio.

Dividends

ANAZX vs. BNDX - Dividend Comparison

ANAZX's dividend yield for the trailing twelve months is around 3.75%, less than BNDX's 4.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANAZX AB Global Bond Fund Class Z	3.75%	4.89%	3.67%	2.53%	8.39%	2.73%	2.64%	3.71%	3.17%	2.53%	3.27%	4.06%
BNDX Vanguard Total International Bond ETF	4.49%	4.39%	4.18%	4.42%	1.51%	3.74%	1.11%	3.40%	3.01%	2.23%	1.89%	1.63%

Frequently Asked Questions

Can I hold both ANAZX and BNDX in my portfolio?

ANAZX and BNDX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ANAZX or BNDX?

BNDX has higher volatility (1.57%) compared to ANAZX (1.45%). In terms of maximum drawdown, ANAZX dropped -17.24% vs BNDX's -16.23%.

Which has better risk-adjusted returns?

ANAZX currently has the higher Sharpe Ratio (1.15 vs 0.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.