BNDW vs. TMSF
BNDW (Vanguard Total World Bond ETF) and TMSF (T. Rowe Price Multi-Sector Income ETF) are both exchange-traded funds - BNDW is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted Composite Index, while TMSF is a Multisector Bonds fund actively managed by T. Rowe Price. BNDW is passively managed, while TMSF is actively managed. Their 0.68 correlation means they have sometimes moved together and sometimes differently. BNDW charges 0.05%/yr vs 0.37%/yr for TMSF.
Performance
BNDW vs. TMSF - Performance Comparison
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Returns By Period
In the year-to-date period, BNDW achieves a 0.16% return, which is significantly lower than TMSF's 2.33% return.
BNDW
- 1D
- 0.37%
- 1M
- -0.72%
- 6M
- -0.13%
- YTD
- 0.16%
- 1Y
- 1.63%
- 3Y*
- 4.09%
- 5Y*
- -0.24%
- 10Y*
- —
- ALL TIME*
- 1.76%
TMSF
- 1D
- 0.23%
- 1M
- 0.01%
- 6M
- 1.74%
- YTD
- 2.33%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.66M | $6.09M | $6.94M | |
| $79.17K | $45.21K | $39.18K |
BNDW vs. TMSF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BNDW Vanguard Total World Bond ETF | 0.16% | 0.17% |
TMSF T. Rowe Price Multi-Sector Income ETF | 2.33% | 1.29% |
Correlation
The correlation between BNDW and TMSF is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.68 |
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Return for Risk
BNDW vs. TMSF — Risk / Return Rank
BNDW
TMSF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BNDW vs. TMSF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total World Bond ETF (BNDW) and T. Rowe Price Multi-Sector Income ETF (TMSF). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BNDW | TMSF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.08 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | — | — |
| Martin ratioReturn relative to average drawdown | 1.46 | — | — |
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Drawdowns
BNDW vs. TMSF - Drawdown Comparison
The maximum BNDW drawdown since its inception was -17.22%, which is greater than TMSF's maximum drawdown of -2.28%. Use the drawdown chart below to compare losses from any high point for BNDW and TMSF.
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Drawdown Indicators
| BNDW | TMSF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.22% | -2.28% | -14.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.57% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.82% | — | — |
Current DrawdownCurrent decline from peak | -1.78% | -0.17% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -0.35% | -4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | — | — |
Volatility
BNDW vs. TMSF - Volatility Comparison
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Volatility by Period
| BNDW | TMSF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 2.82% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.23% | 2.82% | +2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.88% | 2.82% | +2.06% |
BNDW vs. TMSF - Expense Ratio Comparison
BNDW has a 0.05% expense ratio, which is lower than TMSF's 0.37% expense ratio.
Dividends
BNDW vs. TMSF - Dividend Comparison
BNDW's dividend yield for the trailing twelve months is around 4.28%, more than TMSF's 3.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BNDW Vanguard Total World Bond ETF | 4.28% | 4.12% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% |
TMSF T. Rowe Price Multi-Sector Income ETF | 3.76% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BNDW and TMSF have a correlation of 0.68, 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 0.37% for TMSF.
BNDW has the higher dividend yield at 4.28%, compared with 3.76% for TMSF.
BNDW is categorized as Global Bonds, while TMSF is Multisector Bonds. They also come from different issuers: Vanguard and T. Rowe Price. Their fees differ too: 0.05% for BNDW and 0.37% for TMSF.
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