BND vs. BNDW
Compare and contrast key facts about Vanguard Total Bond Market ETF (BND) and Vanguard Total World Bond ETF (BNDW).
BND and BNDW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BND is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Aggregate Float Adjusted Index. It was launched on Apr 3, 2007. BNDW is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate Float Adjusted Composite Index. It was launched on Sep 4, 2018. Both BND and BNDW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BND vs. BNDW - Performance Comparison
Loading graphics...
BND vs. BNDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 0.05% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | 1.06% |
BNDW Vanguard Total World Bond ETF | -0.03% | 5.02% | 2.42% | 7.18% | -12.88% | -2.10% | 6.22% | 8.37% | 1.21% |
Returns By Period
In the year-to-date period, BND achieves a 0.05% return, which is significantly higher than BNDW's -0.03% return.
BND
- 1D
- 0.22%
- 1M
- -1.74%
- YTD
- 0.05%
- 6M
- 0.95%
- 1Y
- 4.24%
- 3Y*
- 3.59%
- 5Y*
- 0.24%
- 10Y*
- 1.67%
BNDW
- 1D
- 0.35%
- 1M
- -1.98%
- YTD
- -0.03%
- 6M
- 0.57%
- 1Y
- 3.50%
- 3Y*
- 3.73%
- 5Y*
- 0.20%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BND vs. BNDW - Expense Ratio Comparison
BND has a 0.03% expense ratio, which is lower than BNDW's 0.05% 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%.
Return for Risk
BND vs. BNDW — Risk / Return Rank
BND
BNDW
BND vs. BNDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market ETF (BND) and Vanguard Total World Bond ETF (BNDW). 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.
| BND | BNDW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 1.00 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.41 | 1.40 | +0.01 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.34 | +0.47 |
Martin ratioReturn relative to average drawdown | 4.98 | 4.97 | 0.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BND | BNDW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 1.00 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.04 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.37 | +0.22 |
Correlation
The correlation between BND and BNDW is 0.94, 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.
Dividends
BND vs. BNDW - Dividend Comparison
BND's dividend yield for the trailing twelve months is around 3.91%, less than BNDW's 4.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.91% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
BNDW Vanguard Total World Bond ETF | 4.16% | 4.12% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% | 0.00% | 0.00% | 0.00% |
Drawdowns
BND vs. BNDW - Drawdown Comparison
The maximum BND drawdown since its inception was -18.58%, which is greater than BNDW's maximum drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for BND and BNDW.
Loading graphics...
Drawdown Indicators
| BND | BNDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.58% | -17.22% | -1.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -2.70% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -17.91% | -16.93% | -0.98% |
Max Drawdown (10Y)Largest decline over 10 years | -18.58% | — | — |
Current DrawdownCurrent decline from peak | -2.58% | -1.98% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -5.05% | +1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.72% | +0.17% |
Volatility
BND vs. BNDW - Volatility Comparison
Vanguard Total Bond Market ETF (BND) and Vanguard Total World Bond ETF (BNDW) have volatilities of 1.63% and 1.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| BND | BNDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 1.66% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 2.28% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 3.53% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.00% | 5.17% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 4.92% | +0.60% |