BNDW vs. AVGB

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard Total World Bond ETF (BNDW) and Avantis Credit ETF (AVGB).

BNDW and AVGB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. AVGB is an actively managed fund by Avantis. It was launched on Apr 15, 2025.

Performance

BNDW vs. AVGB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total World Bond ETF (BNDW) and Avantis Credit ETF (AVGB). The values are adjusted to include any dividend payments, if applicable.

BNDW vs. AVGB - Yearly Performance Comparison

	2026 (YTD)	2025
BNDW Vanguard Total World Bond ETF	0.09%	3.38%
AVGB Avantis Credit ETF	-0.10%	4.89%

Returns By Period

In the year-to-date period, BNDW achieves a 0.09% return, which is significantly higher than AVGB's -0.10% return.

BNDW

• 1D: 0.13%
• 1M: -1.46%
• YTD: 0.09%
• 6M: 0.53%
• 1Y: 3.34%
• 3Y*: 3.77%
• 5Y*: 0.23%
• 10Y*: —

AVGB

• 1D: 0.21%
• 1M: -1.00%
• YTD: -0.10%
• 6M: 0.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BNDW vs. AVGB - Expense Ratio Comparison

BNDW has a 0.05% expense ratio, which is lower than AVGB's 0.19% 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%.

AVGB

Avantis Credit ETF

BNDW

Vanguard Total World Bond ETF

Return for Risk

BNDW vs. AVGB — Risk / Return Rank

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

BNDW

BNDW Risk / Return Rank: 47
BNDW Sharpe Ratio Rank: 51
BNDW Sortino Ratio Rank: 47
BNDW Omega Ratio Rank: 41
BNDW Calmar Ratio Rank: 50
BNDW Martin Ratio Rank: 49

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.

BNDW vs. AVGB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total World Bond ETF (BNDW) and Avantis Credit ETF (AVGB). 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.

	BNDW	AVGB	Difference
Sharpe ratio Return per unit of total volatility	0.95	—	—
Sortino ratio Return per unit of downside risk	1.34	—	—
Omega ratio Gain probability vs. loss probability	1.17	—	—
Calmar ratio Return relative to maximum drawdown	1.35	—	—
Martin ratio Return relative to average drawdown	4.95	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BNDW	AVGB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	2.14	-1.77

Correlation

The correlation between BNDW and AVGB is 0.85, 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

BNDW vs. AVGB - Dividend Comparison

BNDW's dividend yield for the trailing twelve months is around 4.18%, more than AVGB's 3.49% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BNDW Vanguard Total World Bond ETF	4.18%	4.12%	3.90%	3.73%	2.02%	2.58%	1.56%	3.05%	1.66%
AVGB Avantis Credit ETF	3.49%	3.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

BNDW vs. AVGB - Drawdown Comparison

The maximum BNDW drawdown since its inception was -17.22%, which is greater than AVGB's maximum drawdown of -2.12%. Use the drawdown chart below to compare losses from any high point for BNDW and AVGB.

Drawdown Indicators

	BNDW	AVGB	Difference
Max Drawdown Largest peak-to-trough decline	-17.22%	-2.12%	-15.10%
Max Drawdown (1Y) Largest decline over 1 year	-2.70%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.93%	—	—
Current Drawdown Current decline from peak	-1.85%	-1.29%	-0.56%
Average Drawdown Average peak-to-trough decline	-5.05%	-0.25%	-4.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.73%	—	—

Volatility

Volatility by Period

	BNDW	AVGB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.53%	2.36%	+1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.17%	2.36%	+2.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.92%	2.36%	+2.56%