BNDW vs. VFICX
BNDW (Vanguard Total World Bond ETF) and VFICX (Vanguard Intermediate-Term Investment-Grade Fund Investor Shares) are both funds - BNDW is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted Composite Index, while VFICX is a Total Bond Market fund managed by Vanguard. Over the past 5 years, BNDW returned -0.24%/yr vs 0.56%/yr for VFICX. Their correlation of 0.87 means they have usually moved in the same direction. BNDW charges 0.05%/yr vs 0.20%/yr for VFICX.
Performance
BNDW vs. VFICX - Performance Comparison
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Returns By Period
In the year-to-date period, BNDW achieves a 0.16% return, which is significantly higher than VFICX's -1.15% 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%
VFICX
- 1D
- -0.23%
- 1M
- -1.60%
- 6M
- -1.11%
- YTD
- -1.15%
- 1Y
- 1.80%
- 3Y*
- 5.58%
- 5Y*
- 0.56%
- 10Y*
- 2.37%
- ALL TIME*
- 4.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.66M | $6.09M | $6.94M | |
| $0.00 | $0.00 | $0.00 |
BNDW vs. VFICX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BNDW Vanguard Total World Bond ETF | 0.16% | 5.02% | 2.42% | 7.18% | -12.88% | -2.10% | 6.22% | 8.37% | 1.27% |
VFICX Vanguard Intermediate-Term Investment-Grade Fund Investor Shares | -1.15% | 9.55% | 3.21% | 8.53% | -13.86% | -1.59% | 10.33% | 10.39% | 0.83% |
Correlation
The correlation between BNDW and VFICX is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2018 | 0.87 |
The correlation between BNDW and VFICX has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
BNDW vs. VFICX — Risk / Return Rank
BNDW
VFICX
BNDW vs. VFICX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total World Bond ETF (BNDW) and Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX). 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 | VFICX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.11 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 0.79 | -0.18 |
| Martin ratioReturn relative to average drawdown | 1.46 | 2.23 | -0.77 |
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Drawdowns
BNDW vs. VFICX - Drawdown Comparison
The maximum BNDW drawdown since its inception was -17.22%, smaller than the maximum VFICX drawdown of -20.24%. Use the drawdown chart below to compare losses from any high point for BNDW and VFICX.
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Drawdown Indicators
| BNDW | VFICX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.22% | -20.24% | +3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -3.34% | +0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -3.57% | -5.41% | +1.84% |
Max Drawdown (5Y)Largest decline over 5 years | -16.82% | -19.93% | +3.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.24% | — |
Current DrawdownCurrent decline from peak | -1.78% | -2.60% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -2.48% | -2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 1.17% | -0.05% |
Volatility
BNDW vs. VFICX - Volatility Comparison
Vanguard Total World Bond ETF (BNDW) and Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) have volatilities of 1.04% and 1.02%, 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.
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Volatility by Period
| BNDW | VFICX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 1.02% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 3.34% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 4.14% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.23% | 6.39% | -1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.88% | 5.20% | -0.32% |
BNDW vs. VFICX - Expense Ratio Comparison
BNDW has a 0.05% expense ratio, which is lower than VFICX's 0.20% 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%.
Dividends
BNDW vs. VFICX - Dividend Comparison
BNDW's dividend yield for the trailing twelve months is around 4.28%, less than VFICX's 4.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDW Vanguard Total World Bond ETF | 4.28% | 4.12% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% | 0.00% | 0.00% | 0.00% |
VFICX Vanguard Intermediate-Term Investment-Grade Fund Investor Shares | 4.66% | 4.81% | 4.57% | 3.81% | 3.09% | 3.53% | 5.70% | 3.03% | 3.20% | 2.96% | 3.84% | 3.54% |
Frequently Asked Questions
BNDW and VFICX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNDW has higher volatility (1.04%) compared to VFICX (1.02%). In terms of maximum drawdown, BNDW dropped -17.22% vs VFICX's -20.24%.
VFICX currently has the higher Sharpe Ratio (0.64 vs 0.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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