BNDX vs. BND
Compare and contrast key facts about Vanguard Total International Bond ETF (BNDX) and Vanguard Total Bond Market ETF (BND).
BNDX and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007. Both BNDX and BND 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: BNDX or BND.
Key characteristics
| BNDX | BND | |
|---|---|---|
| YTD Return | -1.14% | -3.03% |
| 1Y Return | 4.89% | -0.29% |
| 3Y Return (Ann) | -2.10% | -3.51% |
| 5Y Return (Ann) | 0.14% | -0.07% |
| 10Y Return (Ann) | 2.03% | 1.20% |
| Sharpe Ratio | 0.95 | -0.06 |
| Daily Std Dev | 5.04% | 6.80% |
| Max Drawdown | -16.23% | -18.84% |
| Current Drawdown | -8.44% | -13.30% |
Correlation
The correlation between BNDX and BND is 0.72, 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
BNDX vs. BND - Performance Comparison
In the year-to-date period, BNDX achieves a -1.14% return, which is significantly higher than BND's -3.03% return. Over the past 10 years, BNDX has outperformed BND with an annualized return of 2.03%, while BND has yielded a comparatively lower 1.20% annualized 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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BNDX vs. BND - Expense Ratio Comparison
Risk-Adjusted Performance
BNDX vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond ETF (BNDX) and Vanguard Total Bond Market ETF (BND). 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
BNDX vs. BND - Dividend Comparison
BNDX's dividend yield for the trailing twelve months is around 4.64%, more than BND's 3.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.64% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
BND Vanguard Total Bond Market ETF | 3.36% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
BNDX vs. BND - Drawdown Comparison
The maximum BNDX drawdown since its inception was -16.23%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for BNDX and BND. For additional features, visit the drawdowns tool.
Volatility
BNDX vs. BND - Volatility Comparison
The current volatility for Vanguard Total International Bond ETF (BNDX) is 1.29%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.88%. This indicates that BNDX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.