BNDW vs. TDIV.AS
BNDW (Vanguard Total World Bond ETF) and TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - BNDW is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted Composite Index, while TDIV.AS is a Global Equity Income fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 5 years, BNDW returned 0.10%/yr vs 16.43%/yr for TDIV.AS. At a 0.03 correlation, their price movements are largely independent. BNDW charges 0.05%/yr vs 0.38%/yr for TDIV.AS.
Performance
BNDW vs. TDIV.AS - Performance Comparison
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Different Trading Currencies
BNDW is traded in USD, while TDIV.AS is traded in EUR. To make them comparable, the TDIV.AS values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BNDW achieves a 0.15% return, which is significantly lower than TDIV.AS's 8.63% return.
BNDW
- 1D
- -0.09%
- 1M
- -0.41%
- YTD
- 0.15%
- 6M
- 0.41%
- 1Y
- 3.40%
- 3Y*
- 3.95%
- 5Y*
- 0.10%
- 10Y*
- —
TDIV.AS
- 1D
- 0.36%
- 1M
- -0.12%
- YTD
- 8.63%
- 6M
- 12.44%
- 1Y
- 27.25%
- 3Y*
- 23.23%
- 5Y*
- 16.43%
- 10Y*
- 12.27%
BNDW vs. TDIV.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BNDW Vanguard Total World Bond ETF | 0.15% | 5.02% | 2.42% | 7.18% | -12.88% | -2.10% | 6.22% | 8.37% | 1.21% |
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 8.63% | 41.12% | 8.81% | 14.42% | 9.20% | 19.14% | -2.22% | 18.62% | -7.59% |
Correlation
The correlation between BNDW and TDIV.AS is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2018 | 0.03 |
Over the past year, BNDW and TDIV.AS have become more correlated (0.27) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
BNDW vs. TDIV.AS — Risk / Return Rank
BNDW
TDIV.AS
BNDW vs. TDIV.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total World Bond ETF (BNDW) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS). 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 | TDIV.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.45 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 5.27 | -4.00 |
| Martin ratioReturn relative to average drawdown | 3.52 | 14.77 | -11.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BNDW | TDIV.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 2.54 | -1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 1.13 | -1.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.79 | -0.43 |
Drawdowns
BNDW vs. TDIV.AS - Drawdown Comparison
The maximum BNDW drawdown since its inception was -17.22%, smaller than the maximum TDIV.AS drawdown of -37.90%. Use the drawdown chart below to compare losses from any high point for BNDW and TDIV.AS.
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Drawdown Indicators
| BNDW | TDIV.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.22% | -37.90% | +20.68% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -5.20% | +2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -4.27% | -14.68% | +10.41% |
Max Drawdown (5Y)Largest decline over 5 years | -16.93% | -18.23% | +1.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.90% | — |
Current DrawdownCurrent decline from peak | -1.80% | -2.26% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -4.76% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 1.86% | -0.89% |
Volatility
BNDW vs. TDIV.AS - Volatility Comparison
The current volatility for Vanguard Total World Bond ETF (BNDW) is 1.25%, while VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) has a volatility of 2.57%. This indicates that BNDW experiences smaller price fluctuations and is considered to be less risky than TDIV.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNDW | TDIV.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 2.57% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.64% | 7.88% | -5.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 10.79% | -7.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.21% | 14.35% | -9.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 15.67% | -10.77% |
BNDW vs. TDIV.AS - Expense Ratio Comparison
BNDW has a 0.05% expense ratio, which is lower than TDIV.AS's 0.38% expense ratio.
Dividends
BNDW vs. TDIV.AS - Dividend Comparison
BNDW's dividend yield for the trailing twelve months is around 4.23%, more than TDIV.AS's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BNDW Vanguard Total World Bond ETF | 4.23% | 4.12% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% | 0.00% | 0.00% |
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.19% | 3.58% | 4.19% | 4.98% | 4.55% | 3.98% | 4.12% | 4.40% | 4.93% | 3.95% | 1.11% |
Frequently Asked Questions
BNDW and TDIV.AS have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BNDW is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BNDW is cheaper with a 0.05% expense ratio, compared with 0.38% for TDIV.AS.
BNDW is categorized as Global Bonds, while TDIV.AS is Global Equity Income. BNDW tracks Bloomberg Global Aggregate Float Adjusted Composite Index, while TDIV.AS tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: Vanguard and VanEck. Their fees differ too: 0.05% for BNDW and 0.38% for TDIV.AS.
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