BNDW vs. BND
Compare and contrast key facts about Vanguard Total World Bond ETF (BNDW) and Vanguard Total Bond Market ETF (BND).
BNDW and BND 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. 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. Both BNDW and BND 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
BNDW vs. BND - Performance Comparison
Loading graphics...
BNDW vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BNDW Vanguard Total World Bond ETF | 0.09% | 5.02% | 2.42% | 7.18% | -12.88% | -2.10% | 6.22% | 8.37% | 1.21% |
BND Vanguard Total Bond Market ETF | 0.09% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | 1.06% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with BNDW at 0.09% and BND at 0.09%.
BNDW
- 1D
- 0.13%
- 1M
- -1.46%
- YTD
- 0.09%
- 6M
- 0.53%
- 1Y
- 3.34%
- 3Y*
- 3.77%
- 5Y*
- 0.23%
- 10Y*
- —
BND
- 1D
- 0.04%
- 1M
- -1.30%
- YTD
- 0.09%
- 6M
- 0.74%
- 1Y
- 3.96%
- 3Y*
- 3.60%
- 5Y*
- 0.25%
- 10Y*
- 1.68%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BNDW vs. BND - Expense Ratio Comparison
BNDW has a 0.05% expense ratio, which is higher than BND's 0.03% expense ratio. However, 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
BNDW vs. BND — Risk / Return Rank
BNDW
BND
BNDW vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total World Bond ETF (BNDW) and Vanguard Total Bond Market ETF (BND). 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 | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 0.93 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.34 | 1.32 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.16 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.75 | -0.41 |
Martin ratioReturn relative to average drawdown | 4.95 | 4.78 | +0.16 |
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
| BNDW | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 0.93 | +0.03 |
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 | 0.37 | 0.59 | -0.22 |
Correlation
The correlation between BNDW and BND 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
BNDW vs. BND - Dividend Comparison
BNDW's dividend yield for the trailing twelve months is around 4.18%, more than BND's 3.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDW Vanguard Total World Bond ETF | 4.18% | 4.12% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% | 0.00% | 0.00% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.93% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Drawdowns
BNDW vs. BND - Drawdown Comparison
The maximum BNDW drawdown since its inception was -17.22%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for BNDW and BND.
Loading graphics...
Drawdown Indicators
| BNDW | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.22% | -18.58% | +1.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -2.44% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -16.93% | -17.91% | +0.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -1.85% | -2.54% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -3.07% | -1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.90% | -0.17% |
Volatility
BNDW vs. BND - Volatility Comparison
Vanguard Total World Bond ETF (BNDW) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.67% and 1.63%, 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
| BNDW | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 1.63% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 2.52% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 4.30% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.17% | 6.00% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.92% | 5.52% | -0.60% |