PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
BND.TO vs. VWO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BND.TO vs. VWO

Last updated Jun 16, 2026

BND.TO (Purpose Global Bond Fund) and VWO (Vanguard FTSE Emerging Markets ETF) are both exchange-traded funds - BND.TO is a Global Bonds fund, while VWO is a Emerging Markets Equities fund tracking the FTSE Emerging Index. BND.TO is actively managed, while VWO is passively managed. Over the past 10 years, BND.TO returned 3.05%/yr vs 9.96%/yr for VWO. At a 0.09 correlation, their price movements are largely independent.

Performance

BND.TO vs. VWO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Global Bond Fund (BND.TO) and Vanguard FTSE Emerging Markets ETF (VWO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

BND.TO is traded in CAD, while VWO is traded in USD. To make them comparable, the VWO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BND.TO achieves a 1.55% return, which is significantly lower than VWO's 15.39% return. Over the past 10 years, BND.TO has underperformed VWO with an annualized return of 3.05%, while VWO has yielded a comparatively higher 9.96% annualized return.

BND.TO

1D
0.56%
1M
1.51%
YTD
1.55%
6M
1.64%
1Y
6.20%
3Y*
7.40%
5Y*
3.26%
10Y*
3.05%

VWO

1D
2.10%
1M
5.93%
YTD
15.39%
6M
16.99%
1Y
32.75%
3Y*
18.99%
5Y*
8.75%
10Y*
9.96%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BND.TO vs. VWO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BND.TO
Purpose Global Bond Fund		1.55%7.26%7.49%8.45%-7.80%2.62%6.14%4.16%-0.91%1.72%
VWO
Vanguard FTSE Emerging Markets ETF		15.39%19.87%19.96%6.65%-12.78%1.21%12.44%15.77%-7.60%22.58%

Correlation

The correlation between BND.TO and VWO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.28

Correlation (3Y)
Calculated over the trailing 3-year period

0.18

Correlation (5Y)
Calculated over the trailing 5-year period

0.15

Correlation (10Y)
Calculated over the trailing 10-year period

0.10

Correlation (All Time)
Calculated using the full available price history since Oct 28, 2015

0.09

The correlation between BND.TO and VWO shifts across timeframes, from 0.09 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Purpose Global Bond Fund

Vanguard FTSE Emerging Markets ETF

Often compared with BND.TO:
BND.TO vs. SGOVBND.TO vs. SCHDBND.TO vs. SPYBND.TO vs. JEPIBND.TO vs. BNDBND.TO vs. SCHIBND.TO vs. FALN
Often compared with VWO:
VWO vs. VEAVWO vs. IEMGVWO vs. VXUSVWO vs. EEMVWO vs. VOOVWO vs. VTIVWO vs. VEMAX

Return for Risk

BND.TO vs. VWO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BND.TO
BND.TO Risk / Return Rank: 6363
Overall Rank
BND.TO Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
BND.TO Sortino Ratio Rank: 7272
Sortino Ratio Rank
BND.TO Omega Ratio Rank: 7171
Omega Ratio Rank
BND.TO Calmar Ratio Rank: 4848
Calmar Ratio Rank
BND.TO Martin Ratio Rank: 5656
Martin Ratio Rank
VWO
VWO Risk / Return Rank: 5858
Overall Rank
VWO Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
VWO Sortino Ratio Rank: 5757
Sortino Ratio Rank
VWO Omega Ratio Rank: 6060
Omega Ratio Rank
VWO Calmar Ratio Rank: 5959
Calmar Ratio Rank
VWO Martin Ratio Rank: 5858
Martin Ratio Rank
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.

BND.TO vs. VWO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose Global Bond Fund (BND.TO) and Vanguard FTSE Emerging Markets ETF (VWO). 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.

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.

BND.TOVWODifference
Sharpe ratioReturn per unit of total volatility
1.99
1.96

+0.03

Sortino ratioReturn per unit of downside risk
2.91
2.71

+0.20

Omega ratioGain probability vs. loss probability

1.38

1.36

+0.02

Calmar ratioReturn relative to maximum drawdown

2.17

3.08

-0.91

Martin ratioReturn relative to average drawdown

8.94

10.74

-1.80

BND.TO vs. VWO - Sharpe Ratio Comparison

The current BND.TO Sharpe Ratio is 1.99, which is comparable to the VWO Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of BND.TO and VWO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

BND.TO vs. VWO - Drawdown Comparison

The maximum BND.TO drawdown since its inception was -16.55%, smaller than the maximum VWO drawdown of -56.70%. Use the drawdown chart below to compare losses from any high point for BND.TO and VWO.

Loading charts...

Drawdown Indicators

BND.TOVWODifference

Max Drawdown

Largest peak-to-trough decline

-16.55%

-56.70%

+40.15%

Max Drawdown (1Y)

Largest decline over 1 year

-2.87%

-10.70%

+7.83%

Max Drawdown (3Y)

Largest decline over 3 years

-4.46%

-15.30%

+10.84%

Max Drawdown (5Y)

Largest decline over 5 years

-12.43%

-25.37%

+12.94%

Max Drawdown (10Y)

Largest decline over 10 years

-16.55%

-29.47%

+12.92%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-2.11%

-11.28%

+9.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.69%

3.06%

-2.37%

Volatility

BND.TO vs. VWO - Volatility Comparison

The current volatility for Purpose Global Bond Fund (BND.TO) is 1.48%, while Vanguard FTSE Emerging Markets ETF (VWO) has a volatility of 7.08%. This indicates that BND.TO experiences smaller price fluctuations and is considered to be less risky than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

BND.TOVWODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.48%

7.08%

-5.60%

Volatility (6M)

Calculated over the trailing 6-month period

2.71%

14.47%

-11.76%

Volatility (1Y)

Calculated over the trailing 1-year period

3.14%

16.80%

-13.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.10%

18.55%

-13.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.15%

20.37%

-15.22%

Dividends

BND.TO vs. VWO - Dividend Comparison

BND.TO's dividend yield for the trailing twelve months is around 5.82%, more than VWO's 2.38% yield.

PositionTTM20252024202320222021202020192018201720162015
BND.TO
Purpose Global Bond Fund		5.82%5.70%5.24%5.20%4.14%3.67%3.48%3.11%3.96%3.47%3.26%0.53%
VWO
Vanguard FTSE Emerging Markets ETF		2.38%2.79%3.20%3.52%4.11%2.63%1.91%3.23%2.88%2.30%2.52%3.26%

Frequently Asked Questions

BND.TO and VWO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BND.TO is categorized as Global Bonds, while VWO is Emerging Markets Equities.

Portfolio Optimizer

Find the right allocation for BND.TO and VWO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer