BNDX vs. GRNB
Compare and contrast key facts about Vanguard Total International Bond ETF (BNDX) and VanEck Green Bond ETF (GRNB).
BNDX and GRNB 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 Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). It was launched on May 31, 2013. GRNB is a passively managed fund by VanEck that tracks the performance of the S&P Green Bond U.S. Dollar Select Index. It was launched on Mar 3, 2017. Both BNDX and GRNB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BNDX vs. GRNB - Performance Comparison
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BNDX vs. GRNB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 0.02% | 2.86% | 3.57% | 8.77% | -12.76% | -2.29% | 4.65% | 7.87% | 2.81% | 2.68% |
GRNB VanEck Green Bond ETF | -0.81% | 7.09% | 3.31% | 7.08% | -11.93% | -2.36% | 7.98% | 5.40% | -4.07% | 9.87% |
Returns By Period
In the year-to-date period, BNDX achieves a 0.02% return, which is significantly higher than GRNB's -0.81% return.
BNDX
- 1D
- 0.15%
- 1M
- -1.65%
- YTD
- 0.02%
- 6M
- 0.27%
- 1Y
- 2.71%
- 3Y*
- 3.88%
- 5Y*
- 0.20%
- 10Y*
- 1.75%
GRNB
- 1D
- 0.06%
- 1M
- -1.51%
- YTD
- -0.81%
- 6M
- -0.03%
- 1Y
- 3.74%
- 3Y*
- 4.58%
- 5Y*
- 0.72%
- 10Y*
- —
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BNDX vs. GRNB - Expense Ratio Comparison
BNDX has a 0.07% expense ratio, which is lower than GRNB'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%.
Return for Risk
BNDX vs. GRNB — Risk / Return Rank
BNDX
GRNB
BNDX vs. GRNB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond ETF (BNDX) and VanEck Green Bond ETF (GRNB). 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 | GRNB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.85 | 1.07 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.19 | 1.53 | -0.34 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.01 | 1.58 | -0.57 |
Martin ratioReturn relative to average drawdown | 4.10 | 6.43 | -2.34 |
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 | GRNB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 1.07 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.15 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.44 | +0.17 |
Correlation
The correlation between BNDX and GRNB is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BNDX vs. GRNB - Dividend Comparison
BNDX's dividend yield for the trailing twelve months is around 4.46%, more than GRNB's 4.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.46% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
GRNB VanEck Green Bond ETF | 4.35% | 4.18% | 3.83% | 3.17% | 2.60% | 1.97% | 2.24% | 1.79% | 1.21% | 1.09% | 0.00% | 0.00% |
Drawdowns
BNDX vs. GRNB - Drawdown Comparison
The maximum BNDX drawdown since its inception was -16.23%, smaller than the maximum GRNB drawdown of -18.08%. Use the drawdown chart below to compare losses from any high point for BNDX and GRNB.
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Drawdown Indicators
| BNDX | GRNB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.23% | -18.08% | +1.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -2.51% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -15.86% | -17.94% | +2.08% |
Max Drawdown (10Y)Largest decline over 10 years | -16.23% | — | — |
Current DrawdownCurrent decline from peak | -1.99% | -1.80% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -3.10% | -4.65% | +1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 0.61% | +0.11% |
Volatility
BNDX vs. GRNB - Volatility Comparison
Vanguard Total International Bond ETF (BNDX) and VanEck Green Bond ETF (GRNB) have volatilities of 1.74% and 1.69%, 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 | GRNB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 1.69% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 2.20% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.21% | 3.51% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.81% | 4.92% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.05% | 4.90% | -0.85% |