BIV vs. BNDX
Compare and contrast key facts about Vanguard Intermediate-Term Bond ETF (BIV) and Vanguard Total International Bond ETF (BNDX).
BIV and BNDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BIV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5. It was launched on Apr 3, 2007. 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 BIV 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: BIV or BNDX.
Key characteristics
| BIV | BNDX | |
|---|---|---|
| YTD Return | 1.64% | 3.15% |
| 1Y Return | 6.59% | 7.38% |
| 3Y Return (Ann) | -1.97% | -0.74% |
| 5Y Return (Ann) | 0.08% | 0.00% |
| 10Y Return (Ann) | 1.83% | 2.04% |
| Sharpe Ratio | 1.24 | 1.89 |
| Sortino Ratio | 1.83 | 2.86 |
| Omega Ratio | 1.22 | 1.33 |
| Calmar Ratio | 0.51 | 0.70 |
| Martin Ratio | 4.04 | 6.87 |
| Ulcer Index | 1.80% | 1.14% |
| Daily Std Dev | 5.88% | 4.13% |
| Max Drawdown | -18.94% | -16.23% |
| Current Drawdown | -8.73% | -4.45% |
Correlation
The correlation between BIV and BNDX is 0.71, 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
BIV vs. BNDX - Performance Comparison
In the year-to-date period, BIV achieves a 1.64% return, which is significantly lower than BNDX's 3.15% return. Over the past 10 years, BIV has underperformed BNDX with an annualized return of 1.83%, while BNDX has yielded a comparatively higher 2.04% annualized 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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BIV vs. BNDX - Expense Ratio Comparison
BIV has a 0.04% expense ratio, which is lower than BNDX's 0.07% expense ratio. Despite the difference, 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
BIV vs. BNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Bond ETF (BIV) 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
BIV vs. BNDX - Dividend Comparison
BIV's dividend yield for the trailing twelve months is around 3.69%, less than BNDX's 4.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond ETF | 3.69% | 3.10% | 2.41% | 3.42% | 2.96% | 2.75% | 2.87% | 2.69% | 2.38% | 3.02% | 3.96% | 4.21% |
BNDX Vanguard Total International Bond ETF | 4.77% | 4.42% | 1.52% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
Drawdowns
BIV vs. BNDX - Drawdown Comparison
The maximum BIV drawdown since its inception was -18.94%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for BIV and BNDX. For additional features, visit the drawdowns tool.
Volatility
BIV vs. BNDX - Volatility Comparison
Vanguard Intermediate-Term Bond ETF (BIV) has a higher volatility of 1.63% compared to Vanguard Total International Bond ETF (BNDX) at 0.95%. This indicates that BIV'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.