BNDX vs. BOND
BNDX (Vanguard Total International Bond ETF) and BOND (PIMCO Active Bond ETF) are both exchange-traded funds - BNDX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged), while BOND is a Intermediate Core-Plus Bond fund actively managed by PIMCO. BNDX is passively managed, while BOND is actively managed. Over the past 10 years, BNDX returned 1.71%/yr vs 2.21%/yr for BOND. A 0.66 correlation means they provide meaningful diversification when combined. BNDX charges 0.07%/yr vs 0.54%/yr for BOND.
Performance
BNDX vs. BOND - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BNDX having a 0.64% return and BOND slightly higher at 0.66%. Over the past 10 years, BNDX has underperformed BOND with an annualized return of 1.71%, while BOND has yielded a comparatively higher 2.21% annualized return.
BNDX
- 1D
- 0.10%
- 1M
- 0.63%
- YTD
- 0.64%
- 6M
- 0.44%
- 1Y
- 1.86%
- 3Y*
- 4.14%
- 5Y*
- 0.35%
- 10Y*
- 1.71%
BOND
- 1D
- 0.19%
- 1M
- 0.35%
- YTD
- 0.66%
- 6M
- 0.84%
- 1Y
- 6.19%
- 3Y*
- 5.08%
- 5Y*
- 0.54%
- 10Y*
- 2.21%
BNDX vs. BOND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 0.64% | 2.86% | 3.57% | 8.77% | -12.76% | -2.29% | 4.65% | 7.87% | 2.81% | 2.40% |
BOND PIMCO Active Bond ETF | 0.66% | 8.39% | 2.77% | 6.48% | -14.57% | -0.77% | 7.80% | 8.54% | 0.08% | 4.76% |
Correlation
The correlation between BNDX and BOND is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2013 | 0.66 |
The correlation between BNDX and BOND shifts across timeframes, from 0.66 (all time) to 0.79 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BNDX vs. BOND — Risk / Return Rank
BNDX
BOND
BNDX vs. BOND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond ETF (BNDX) and PIMCO Active Bond ETF (BOND). 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.
| BNDX | BOND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.28 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 2.06 | -1.42 |
| Martin ratioReturn relative to average drawdown | 1.82 | 6.56 | -4.74 |
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
| BNDX | BOND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 1.58 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.09 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.44 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.63 | -0.03 |
Drawdowns
BNDX vs. BOND - Drawdown Comparison
The maximum BNDX drawdown since its inception was -16.23%, smaller than the maximum BOND drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for BNDX and BOND.
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Drawdown Indicators
| BNDX | BOND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.23% | -19.71% | +3.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -3.01% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -2.93% | -6.12% | +3.19% |
Max Drawdown (5Y)Largest decline over 5 years | -15.86% | -19.71% | +3.85% |
Max Drawdown (10Y)Largest decline over 10 years | -16.23% | -19.71% | +3.48% |
Current DrawdownCurrent decline from peak | -1.39% | -1.39% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -3.50% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.95% | +0.08% |
Volatility
BNDX vs. BOND - Volatility Comparison
Vanguard Total International Bond ETF (BNDX) has a higher volatility of 1.57% compared to PIMCO Active Bond ETF (BOND) at 1.41%. This indicates that BNDX's price experiences larger fluctuations and is considered to be riskier than BOND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNDX | BOND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 1.41% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 2.89% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 3.97% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 5.76% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.09% | 5.09% | -1.00% |
BNDX vs. BOND - Expense Ratio Comparison
BNDX has a 0.07% expense ratio, which is lower than BOND's 0.54% expense ratio.
Dividends
BNDX vs. BOND - Dividend Comparison
BNDX's dividend yield for the trailing twelve months is around 4.49%, less than BOND's 5.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.49% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
BOND PIMCO Active Bond ETF | 5.18% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
Frequently Asked Questions
BNDX and BOND have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNDX has higher volatility (1.57%) compared to BOND (1.41%). In terms of maximum drawdown, BNDX dropped -16.23% vs BOND's -19.71%.
On 10-year performance, BOND leads with 2.21% vs 1.71% for BNDX. On fees, BNDX is cheaper at 0.07% per year. On volatility, BOND has been the lower-risk option at 1.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BOND has performed better with a 2.21% return vs 1.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BNDX is cheaper with a 0.07% expense ratio, compared with 0.54% for BOND.
BOND has the higher dividend yield at 5.18%, compared with 4.49% for BNDX.
BNDX is categorized as Global Bonds, while BOND is Intermediate Core-Plus Bond. They also come from different issuers: Vanguard and PIMCO. Their fees differ too: 0.07% for BNDX and 0.54% for BOND.
BOND currently has the higher Sharpe Ratio (1.58 vs 0.55), 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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