BNDX vs. ^GSPC
BNDX (Vanguard Total International Bond ETF) is Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged), while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, BNDX returned 1.69%/yr vs 13.53%/yr for ^GSPC. At a 0.02 correlation, their price movements are largely independent.
Performance
BNDX vs. ^GSPC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BNDX achieves a 0.85% return, which is significantly lower than ^GSPC's 8.02% return. Over the past 10 years, BNDX has underperformed ^GSPC with an annualized return of 1.69%, while ^GSPC has yielded a comparatively higher 13.53% annualized return.
BNDX
- 1D
- 0.58%
- 1M
- 1.01%
- YTD
- 0.85%
- 6M
- 0.99%
- 1Y
- 1.99%
- 3Y*
- 4.13%
- 5Y*
- 0.29%
- 10Y*
- 1.69%
^GSPC
- 1D
- 1.75%
- 1M
- -0.09%
- YTD
- 8.02%
- 6M
- 7.15%
- 1Y
- 22.78%
- 3Y*
- 19.45%
- 5Y*
- 11.73%
- 10Y*
- 13.53%
BNDX vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 0.85% | 2.86% | 3.57% | 8.77% | -12.76% | -2.29% | 4.65% | 7.87% | 2.81% | 2.40% |
^GSPC S&P 500 Index | 8.02% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between BNDX and ^GSPC is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2013 | 0.02 |
Over the past year, BNDX and ^GSPC have become more correlated (0.36) than their long-term average of 0.02, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BNDX vs. ^GSPC — Risk / Return Rank
BNDX
^GSPC
BNDX vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond ETF (BNDX) and S&P 500 Index (^GSPC). 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.
| BNDX | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.34 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 2.52 | -1.83 |
| Martin ratioReturn relative to average drawdown | 1.90 | 11.31 | -9.41 |
Loading charts...
Drawdowns
BNDX vs. ^GSPC - Drawdown Comparison
The maximum BNDX drawdown since its inception was -16.23%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BNDX and ^GSPC.
Loading charts...
Drawdown Indicators
| BNDX | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.23% | -56.78% | +40.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -9.10% | +6.17% |
Max Drawdown (3Y)Largest decline over 3 years | -2.93% | -18.90% | +15.97% |
Max Drawdown (5Y)Largest decline over 5 years | -15.86% | -25.43% | +9.57% |
Max Drawdown (10Y)Largest decline over 10 years | -16.23% | -33.92% | +17.69% |
Current DrawdownCurrent decline from peak | -1.18% | -2.83% | +1.65% |
Average DrawdownAverage peak-to-trough decline | -3.10% | -10.72% | +7.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 2.02% | -0.97% |
Volatility
BNDX vs. ^GSPC - Volatility Comparison
The current volatility for Vanguard Total International Bond ETF (BNDX) is 1.50%, while S&P 500 Index (^GSPC) has a volatility of 4.44%. This indicates that BNDX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BNDX | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 4.44% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 9.71% | -6.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 12.38% | -8.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.89% | 16.97% | -12.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.10% | 18.09% | -13.99% |
Frequently Asked Questions
BNDX and ^GSPC have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^GSPC has higher volatility (4.44%) compared to BNDX (1.50%). In terms of maximum drawdown, BNDX dropped -16.23% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.85 vs 0.58), 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.
Find the right allocation for BNDX and ^GSPC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer