BNDSY vs. BNDX

Last updated Jun 5, 2026

BNDSY (Banco de Sabadell SA ADR) is a stock, while BNDX (Vanguard Total International Bond ETF) is Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). Over the past 10 years, BNDSY returned 12.36%/yr vs 1.71%/yr for BNDX. At a correlation of -0.04, they often move in opposite directions.

Performance

BNDSY vs. BNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Banco de Sabadell SA ADR (BNDSY) and Vanguard Total International Bond ETF (BNDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNDSY achieves a -8.67% return, which is significantly lower than BNDX's 0.64% return. Over the past 10 years, BNDSY has outperformed BNDX with an annualized return of 12.36%, while BNDX has yielded a comparatively lower 1.71% annualized return.

BNDSY

• 1D: -3.91%
• 1M: -6.34%
• YTD: -8.67%
• 6M: -2.13%
• 1Y: 21.67%
• 3Y*: 64.42%
• 5Y*: 42.92%
• 10Y*: 12.36%

BNDX

• 1D: 0.10%
• 1M: 0.63%
• YTD: 0.64%
• 6M: 0.44%
• 1Y: 1.86%
• 3Y*: 4.14%
• 5Y*: 0.35%
• 10Y*: 1.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BNDSY vs. BNDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BNDSY Banco de Sabadell SA ADR	-8.67%	122.06%	87.70%	22.17%	56.78%	53.11%	-64.32%	4.76%	-38.45%	41.52%
BNDX Vanguard Total International Bond ETF	0.64%	2.86%	3.57%	8.77%	-12.76%	-2.29%	4.65%	7.87%	2.81%	2.40%

Correlation

The correlation between BNDSY and BNDX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (10Y) Calculated over the trailing 10-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Jun 5, 2013	-0.04

The correlation between BNDSY and BNDX shifts across timeframes, from -0.04 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BNDSY vs. BNDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BNDSY

BNDSY Risk / Return Rank: 60
BNDSY Sharpe Ratio Rank: 58
BNDSY Sortino Ratio Rank: 53
BNDSY Omega Ratio Rank: 57
BNDSY Calmar Ratio Rank: 64
BNDSY Martin Ratio Rank: 67

BNDX

BNDX Risk / Return Rank: 18
BNDX Sharpe Ratio Rank: 18
BNDX Sortino Ratio Rank: 17
BNDX Omega Ratio Rank: 17
BNDX Calmar Ratio Rank: 17
BNDX Martin Ratio Rank: 18

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.

BNDSY vs. BNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Banco de Sabadell SA ADR (BNDSY) 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.

	BNDSY	BNDX	Difference
Sharpe ratio: Return per unit of total volatility	0.49	0.55	-0.06
Sortino ratio: Return per unit of downside risk	0.96	0.79	+0.18
Omega ratio: Gain probability vs. loss probability	1.14	1.10	+0.05
Calmar ratio: Return relative to maximum drawdown	1.11	0.64	+0.47
Martin ratio: Return relative to average drawdown	3.11	1.82	+1.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BNDSY vs. BNDX - Sharpe Ratio Comparison

The current BNDSY Sharpe Ratio is 0.49, which is comparable to the BNDX Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of BNDSY and BNDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BNDSY	BNDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.49	0.55	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.07	+0.71
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	0.42	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.61	-0.54

Drawdowns

BNDSY vs. BNDX - Drawdown Comparison

The maximum BNDSY drawdown since its inception was -91.59%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for BNDSY and BNDX.

Drawdown Indicators

	BNDSY	BNDX	Difference
Max Drawdown Largest peak-to-trough decline	-91.59%	-16.23%	-75.36%
Max Drawdown (1Y) Largest decline over 1 year	-19.62%	-2.93%	-16.69%
Max Drawdown (3Y) Largest decline over 3 years	-24.04%	-2.93%	-21.11%
Max Drawdown (5Y) Largest decline over 5 years	-37.56%	-15.86%	-21.70%
Max Drawdown (10Y) Largest decline over 10 years	-86.83%	-16.23%	-70.60%
Current Drawdown Current decline from peak	-17.76%	-1.39%	-16.37%
Average Drawdown Average peak-to-trough decline	-44.80%	-3.08%	-41.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.98%	1.03%	+5.95%

Volatility

BNDSY vs. BNDX - Volatility Comparison

Banco de Sabadell SA ADR (BNDSY) has a higher volatility of 17.80% compared to Vanguard Total International Bond ETF (BNDX) at 1.57%. This indicates that BNDSY'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.

Volatility by Period

	BNDSY	BNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.80%	1.57%	+16.23%
Volatility (6M) Calculated over the trailing 6-month period	37.54%	2.91%	+34.63%
Volatility (1Y) Calculated over the trailing 1-year period	44.83%	3.43%	+41.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.34%	4.88%	+50.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.92%	4.09%	+52.83%

Dividends

BNDSY vs. BNDX - Dividend Comparison

BNDSY's dividend yield for the trailing twelve months is around 24.36%, more than BNDX's 4.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BNDSY Banco de Sabadell SA ADR	24.36%	7.49%	6.27%	4.98%	5.77%	0.00%	3.79%	3.65%	4.86%	3.15%	3.25%	13.20%
BNDX Vanguard Total International Bond ETF	4.49%	4.39%	4.18%	4.42%	1.51%	3.74%	1.11%	3.40%	3.01%	2.23%	1.89%	1.63%

Frequently Asked Questions

Can I hold both BNDSY and BNDX in my portfolio?

BNDSY and BNDX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BNDSY or BNDX?

BNDSY has higher volatility (17.80%) compared to BNDX (1.57%). In terms of maximum drawdown, BNDSY dropped -91.59% vs BNDX's -16.23%.

Which has better risk-adjusted returns?

BNDX currently has the higher Sharpe Ratio (0.55 vs 0.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.