BNDX vs. FBNDX
Compare and contrast key facts about Vanguard Total International Bond ETF (BNDX) and Fidelity Investment Grade Bond Fund (FBNDX).
BNDX is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). It was launched on May 31, 2013. FBNDX is managed by Fidelity. It was launched on Aug 6, 1971.
Performance
BNDX vs. FBNDX - Performance Comparison
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Returns By Period
In the year-to-date period, BNDX achieves a -0.08% return, which is significantly higher than FBNDX's -0.09% return. Over the past 10 years, BNDX has underperformed FBNDX with an annualized return of 1.74%, while FBNDX has yielded a comparatively higher 2.25% annualized return.
BNDX
- 1D
- -0.10%
- 1M
- -1.05%
- YTD
- -0.08%
- 6M
- 0.10%
- 1Y
- 2.08%
- 3Y*
- 3.79%
- 5Y*
- 0.18%
- 10Y*
- 1.74%
FBNDX
- 1D
- 0.28%
- 1M
- -0.95%
- YTD
- -0.09%
- 6M
- 0.64%
- 1Y
- 3.35%
- 3Y*
- 3.56%
- 5Y*
- 0.24%
- 10Y*
- 2.25%
BNDX vs. FBNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | -0.08% | 2.86% | 3.57% | 8.77% | -12.76% | -2.29% | 4.65% | 7.87% | 2.81% | 2.40% |
FBNDX Fidelity Investment Grade Bond Fund | -0.09% | 7.37% | 0.93% | 6.51% | -14.04% | -1.13% | 9.79% | 9.82% | -0.35% | 3.92% |
Correlation
The correlation between BNDX and FBNDX is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.
BNDX vs. FBNDX - Expense Ratio Comparison
BNDX has a 0.07% expense ratio, which is lower than FBNDX's 0.45% expense ratio.
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Return for Risk
BNDX vs. FBNDX — Risk / Return Rank
BNDX
FBNDX
BNDX vs. FBNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond ETF (BNDX) and Fidelity Investment Grade Bond Fund (FBNDX). 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 | FBNDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 0.89 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.15 | 1.29 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.15 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.36 | -0.47 |
Martin ratioReturn relative to average drawdown | 3.55 | 3.86 | -0.32 |
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 | FBNDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 0.89 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.04 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.45 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.53 | +0.08 |
Drawdowns
BNDX vs. FBNDX - Drawdown Comparison
The maximum BNDX drawdown since its inception was -16.23%, smaller than the maximum FBNDX drawdown of -42.76%. Use the drawdown chart below to compare losses from any high point for BNDX and FBNDX.
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Drawdown Indicators
| BNDX | FBNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.23% | -42.76% | +26.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -2.88% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -15.86% | -18.74% | +2.88% |
Max Drawdown (10Y)Largest decline over 10 years | -16.23% | -18.74% | +2.51% |
Current DrawdownCurrent decline from peak | -2.09% | -2.04% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -3.10% | -10.37% | +7.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 1.01% | -0.28% |
Volatility
BNDX vs. FBNDX - Volatility Comparison
Vanguard Total International Bond ETF (BNDX) and Fidelity Investment Grade Bond Fund (FBNDX) have volatilities of 1.74% and 1.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNDX | FBNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 1.66% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 2.74% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.21% | 4.58% | -1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.81% | 6.00% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.05% | 5.00% | -0.95% |
Dividends
BNDX vs. FBNDX - Dividend Comparison
BNDX's dividend yield for the trailing twelve months is around 4.47%, more than FBNDX's 3.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.47% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
FBNDX Fidelity Investment Grade Bond Fund | 3.57% | 3.87% | 3.34% | 3.56% | 1.98% | 1.34% | 4.70% | 2.75% | 2.86% | 2.18% | 2.72% | 2.66% |