BGRN vs. BNDX
Compare and contrast key facts about iShares Global Green Bond ETF (BGRN) and Vanguard Total International Bond ETF (BNDX).
BGRN and BNDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BGRN is a passively managed fund by iShares that tracks the performance of the Bloomberg Barclays MSCI Green Bond Select USD Hedged Index. It was launched on Nov 13, 2018. BNDX is a passively managed fund by Vanguard that tracks the performance of the Barclays Global Aggregate ex-USD Float-Adjusted Index (Hedged). It was launched on May 31, 2013. Both BGRN and BNDX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BGRN or BNDX.
Key characteristics
| BGRN | BNDX | |
|---|---|---|
| YTD Return | -1.84% | -1.41% |
| 1Y Return | 1.54% | 3.97% |
| 3Y Return (Ann) | -3.05% | -2.13% |
| 5Y Return (Ann) | -0.16% | 0.02% |
| Sharpe Ratio | 0.11 | 0.81 |
| Daily Std Dev | 5.59% | 4.90% |
| Max Drawdown | -19.16% | -16.23% |
| Current Drawdown | -11.78% | -8.68% |
Correlation
The correlation between BGRN and BNDX is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BGRN vs. BNDX - Performance Comparison
In the year-to-date period, BGRN achieves a -1.84% return, which is significantly lower than BNDX's -1.41% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BGRN vs. BNDX - Expense Ratio Comparison
BGRN has a 0.20% expense ratio, which is higher than BNDX's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
BGRN vs. BNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Green Bond ETF (BGRN) 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.
Dividends
BGRN vs. BNDX - Dividend Comparison
BGRN's dividend yield for the trailing twelve months is around 3.44%, less than BNDX's 4.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGRN iShares Global Green Bond ETF | 3.44% | 3.52% | 2.66% | 0.78% | 1.82% | 3.66% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BNDX Vanguard Total International Bond ETF | 4.69% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
Drawdowns
BGRN vs. BNDX - Drawdown Comparison
The maximum BGRN drawdown since its inception was -19.16%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for BGRN and BNDX. For additional features, visit the drawdowns tool.
Volatility
BGRN vs. BNDX - Volatility Comparison
iShares Global Green Bond ETF (BGRN) has a higher volatility of 1.43% compared to Vanguard Total International Bond ETF (BNDX) at 1.22%. This indicates that BGRN's price experiences larger fluctuations and is considered to be riskier than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.