BNDX vs. DGCB
BNDX (Vanguard Total International Bond ETF) and DGCB (Dimensional Global Credit ETF) are both Global Bonds funds. BNDX is passively managed, while DGCB is actively managed. Over the past year, BNDX returned 1.86% vs 5.58% for DGCB. Their correlation of 0.82 suggests significant overlap in exposure. BNDX charges 0.07%/yr vs 0.20%/yr for DGCB.
Performance
BNDX vs. DGCB - Performance Comparison
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Returns By Period
In the year-to-date period, BNDX achieves a 0.64% return, which is significantly lower than DGCB's 1.40% 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%
DGCB
- 1D
- 0.17%
- 1M
- 0.89%
- YTD
- 1.40%
- 6M
- 1.33%
- 1Y
- 5.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNDX vs. DGCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 0.64% | 2.86% | 3.57% | 4.81% |
DGCB Dimensional Global Credit ETF | 1.40% | 6.68% | 3.80% | 6.14% |
Correlation
The correlation between BNDX and DGCB is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2023 | 0.82 |
The correlation between BNDX and DGCB has been stable across timeframes, ranging from 0.82 to 0.83 - a consistent structural relationship.
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Return for Risk
BNDX vs. DGCB — Risk / Return Rank
BNDX
DGCB
BNDX vs. DGCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond ETF (BNDX) and Dimensional Global Credit ETF (DGCB). 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 | DGCB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.26 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 1.82 | -1.18 |
| Martin ratioReturn relative to average drawdown | 1.82 | 6.41 | -4.60 |
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 | DGCB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 1.43 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 1.48 | -0.87 |
Drawdowns
BNDX vs. DGCB - Drawdown Comparison
The maximum BNDX drawdown since its inception was -16.23%, which is greater than DGCB's maximum drawdown of -3.50%. Use the drawdown chart below to compare losses from any high point for BNDX and DGCB.
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Drawdown Indicators
| BNDX | DGCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.23% | -3.50% | -12.73% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -3.08% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -2.93% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.86% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -16.23% | — | — |
Current DrawdownCurrent decline from peak | -1.39% | -0.48% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -0.80% | -2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.87% | +0.16% |
Volatility
BNDX vs. DGCB - Volatility Comparison
Vanguard Total International Bond ETF (BNDX) has a higher volatility of 1.57% compared to Dimensional Global Credit ETF (DGCB) at 1.46%. This indicates that BNDX's price experiences larger fluctuations and is considered to be riskier than DGCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNDX | DGCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 1.46% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 3.17% | -0.26% |
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% | 4.81% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.09% | 4.81% | -0.72% |
BNDX vs. DGCB - Expense Ratio Comparison
BNDX has a 0.07% expense ratio, which is lower than DGCB'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
BNDX vs. DGCB - Dividend Comparison
BNDX's dividend yield for the trailing twelve months is around 4.49%, more than DGCB's 3.22% 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% |
DGCB Dimensional Global Credit ETF | 3.22% | 3.43% | 4.72% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BNDX and DGCB have a correlation of 0.83, 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 DGCB (1.46%). In terms of maximum drawdown, BNDX dropped -16.23% vs DGCB's -3.50%.
On 1-year performance, DGCB leads with 5.58% vs 1.86% for BNDX. On fees, BNDX is cheaper at 0.07% per year. On volatility, DGCB has been the lower-risk option at 1.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DGCB has performed better with a 5.58% return vs 1.86%. 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 0.20% for DGCB.
BNDX has the higher dividend yield at 4.49%, compared with 3.22% for DGCB.
They also come from different issuers: Vanguard and Dimensional. Their fees differ too: 0.07% for BNDX and 0.20% for DGCB.
DGCB currently has the higher Sharpe Ratio (1.43 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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