BNDX vs. BTC-USD
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 BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, BNDX returned 1.69%/yr vs 56.84%/yr for BTC-USD. At a 0.02 correlation, their price movements are largely independent.
Performance
BNDX vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BNDX achieves a 0.85% return, which is significantly higher than BTC-USD's -27.34% return. Over the past 10 years, BNDX has underperformed BTC-USD with an annualized return of 1.69%, while BTC-USD has yielded a comparatively higher 56.84% 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%
BTC-USD
- 1D
- 3.47%
- 1M
- -21.00%
- YTD
- -27.34%
- 6M
- -31.30%
- 1Y
- -41.49%
- 3Y*
- 34.89%
- 5Y*
- 12.33%
- 10Y*
- 56.84%
BNDX vs. BTC-USD - 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% |
BTC-USD Bitcoin | -27.34% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between BNDX and BTC-USD is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2013 | 0.02 |
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Return for Risk
BNDX vs. BTC-USD — Risk / Return Rank
BNDX
BTC-USD
BNDX vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond ETF (BNDX) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.54 | ||
| Sortino ratioReturn per unit of downside risk | +2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.86 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | -0.81 | +1.49 |
| Martin ratioReturn relative to average drawdown | 1.90 | -1.42 | +3.32 |
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Drawdowns
BNDX vs. BTC-USD - Drawdown Comparison
The maximum BNDX drawdown since its inception was -16.23%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for BNDX and BTC-USD.
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Drawdown Indicators
| BNDX | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.23% | -85.30% | +69.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -51.21% | +48.28% |
Max Drawdown (3Y)Largest decline over 3 years | -2.93% | -51.21% | +48.28% |
Max Drawdown (5Y)Largest decline over 5 years | -15.86% | -76.67% | +60.81% |
Max Drawdown (10Y)Largest decline over 10 years | -16.23% | -83.80% | +67.57% |
Current DrawdownCurrent decline from peak | -1.18% | -49.02% | +47.84% |
Average DrawdownAverage peak-to-trough decline | -3.10% | -42.34% | +39.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 34.89% | -33.84% |
Volatility
BNDX vs. BTC-USD - Volatility Comparison
The current volatility for Vanguard Total International Bond ETF (BNDX) is 1.50%, while Bitcoin (BTC-USD) has a volatility of 12.11%. This indicates that BNDX experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNDX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 12.11% | -10.61% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 34.67% | -31.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 35.64% | -32.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.89% | 44.75% | -39.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.10% | 56.63% | -52.53% |
Frequently Asked Questions
BNDX and BTC-USD have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (12.11%) compared to BNDX (1.50%). In terms of maximum drawdown, BNDX dropped -16.23% vs BTC-USD's -85.30%.
BNDX currently has the higher Sharpe Ratio (0.58 vs -0.97), 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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