BNDW vs. BNDX
Compare and contrast key facts about Vanguard Total World Bond ETF (BNDW) and Vanguard Total International Bond ETF (BNDX).
BNDW and BNDX 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 Barclays Global Aggregate Float Adjusted TR Index. It was launched on Sep 4, 2018. BNDX is a passively managed fund by Vanguard that tracks the performance of the Barclays Global Aggregate ex-USD Float-Adjusted Index (Hedged). It was launched on May 31, 2013. Both BNDW and BNDX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNDW or BNDX.
Key characteristics
| BNDW | BNDX | |
|---|---|---|
| YTD Return | 2.31% | 3.15% |
| 1Y Return | 6.98% | 7.38% |
| 3Y Return (Ann) | -1.46% | -0.74% |
| 5Y Return (Ann) | -0.10% | 0.00% |
| Sharpe Ratio | 1.58 | 1.89 |
| Sortino Ratio | 2.33 | 2.86 |
| Omega Ratio | 1.28 | 1.33 |
| Calmar Ratio | 0.60 | 0.70 |
| Martin Ratio | 5.56 | 6.87 |
| Ulcer Index | 1.35% | 1.14% |
| Daily Std Dev | 4.77% | 4.13% |
| Max Drawdown | -17.22% | -16.23% |
| Current Drawdown | -6.47% | -4.45% |
Correlation
The correlation between BNDW and BNDX is 0.92, 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.
Performance
BNDW vs. BNDX - Performance Comparison
In the year-to-date period, BNDW achieves a 2.31% return, which is significantly lower than BNDX's 3.15% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BNDW vs. BNDX - Expense Ratio Comparison
BNDW has a 0.06% expense ratio, which is lower than BNDX's 0.07% 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%.
Risk-Adjusted Performance
BNDW vs. BNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total World Bond ETF (BNDW) 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.
Dividends
BNDW vs. BNDX - Dividend Comparison
BNDW's dividend yield for the trailing twelve months is around 4.16%, less than BNDX's 4.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDW Vanguard Total World Bond ETF | 4.16% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BNDX Vanguard Total International Bond ETF | 4.77% | 4.42% | 1.52% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
Drawdowns
BNDW vs. BNDX - Drawdown Comparison
The maximum BNDW drawdown since its inception was -17.22%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for BNDW and BNDX. For additional features, visit the drawdowns tool.
Volatility
BNDW vs. BNDX - Volatility Comparison
Vanguard Total World Bond ETF (BNDW) has a higher volatility of 1.22% compared to Vanguard Total International Bond ETF (BNDX) at 0.95%. This indicates that BNDW'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.