PortfoliosLab logo

BIV vs. BNDX

Last updated Jun 3, 2023

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


BIVBNDX
YTD Return2.91%3.47%
1Y Return-1.41%-1.11%
5Y Return (Ann)1.56%0.38%
10Y Return (Ann)1.75%1.85%
Sharpe Ratio-0.13-0.19
Daily Std Dev8.90%7.09%
Max Drawdown-18.95%-16.23%

Correlation

0.68
-1.001.00

The correlation between BIV and BNDX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

BIV vs. BNDX - Performance Comparison

In the year-to-date period, BIV achieves a 2.91% return, which is significantly lower than BNDX's 3.47% return. Over the past 10 years, BIV has underperformed BNDX with an annualized return of 1.75%, while BNDX has yielded a comparatively higher 1.85% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-4.00%-2.00%0.00%2.00%4.00%2023FebruaryMarchAprilMayJune
1.60%
0.30%
BIV
BNDX

Compare stocks, funds, or ETFs


BIV vs. BNDX - Dividend Comparison

BIV's dividend yield for the trailing twelve months is around 3.56%, more than BNDX's 2.16% yield.


TTM20222021202020192018201720162015201420132012
BIV
Vanguard Intermediate-Term Bond ETF
3.56%2.44%3.54%3.16%3.03%3.26%3.14%2.86%3.71%5.01%5.54%6.88%
BNDX
Vanguard Total International Bond ETF
2.16%1.52%3.82%1.17%3.65%3.34%2.55%2.21%1.93%1.86%1.06%0.00%

BIV vs. BNDX - Expense Ratio Comparison

BIV has a 0.04% expense ratio, which is lower than BNDX's 0.07% expense ratio.

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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
BIV
Vanguard Intermediate-Term Bond ETF
-0.13
BNDX
Vanguard Total International Bond ETF
-0.19

BIV vs. BNDX - Sharpe Ratio Comparison

The current BIV Sharpe Ratio is -0.13, which is higher than the BNDX Sharpe Ratio of -0.19. The chart below compares the 12-month rolling Sharpe Ratio of BIV and BNDX.


-2.00-1.50-1.00-0.500.002023FebruaryMarchAprilMayJune
-0.13
-0.19
BIV
BNDX

BIV vs. BNDX - Drawdown Comparison

The maximum BIV drawdown for the period was -15.83%, roughly equal to the maximum BNDX drawdown of -14.85%. The drawdown chart below compares losses from any high point along the way for BIV and BNDX


-16.00%-15.00%-14.00%-13.00%-12.00%-11.00%2023FebruaryMarchAprilMayJune
-12.89%
-11.89%
BIV
BNDX

BIV vs. BNDX - Volatility Comparison

Vanguard Intermediate-Term Bond ETF (BIV) has a higher volatility of 1.82% compared to Vanguard Total International Bond ETF (BNDX) at 1.50%. 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.


1.00%1.50%2.00%2.50%3.00%2023FebruaryMarchAprilMayJune
1.82%
1.50%
BIV
BNDX