BNDX vs. IAGG
Compare and contrast key facts about Vanguard Total International Bond ETF (BNDX) and iShares Core International Aggregate Bond ETF (IAGG).
BNDX and IAGG 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 Barclays Global Aggregate ex-USD Float-Adjusted Index (Hedged). It was launched on May 31, 2013. IAGG is a passively managed fund by iShares that tracks the performance of the Barclays Global Aggregate ex USD 10% Issuer Capped (Hedged) Index. It was launched on Nov 10, 2015. Both BNDX and IAGG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNDX or IAGG.
Key characteristics
| BNDX | IAGG | |
|---|---|---|
| YTD Return | -1.61% | -1.04% |
| 1Y Return | 3.86% | 4.16% |
| 3Y Return (Ann) | -2.31% | -1.32% |
| 5Y Return (Ann) | -0.02% | 0.58% |
| Sharpe Ratio | 0.71 | 0.89 |
| Daily Std Dev | 4.98% | 4.63% |
| Max Drawdown | -16.23% | -13.88% |
| Current Drawdown | -8.87% | -6.09% |
Correlation
The correlation between BNDX and IAGG is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BNDX vs. IAGG - Performance Comparison
In the year-to-date period, BNDX achieves a -1.61% return, which is significantly lower than IAGG's -1.04% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BNDX vs. IAGG - Expense Ratio Comparison
BNDX has a 0.07% expense ratio, which is lower than IAGG's 0.09% 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%.
Risk-Adjusted Performance
BNDX vs. IAGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond ETF (BNDX) and iShares Core International Aggregate Bond ETF (IAGG). 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.
Dividends
BNDX vs. IAGG - Dividend Comparison
BNDX's dividend yield for the trailing twelve months is around 4.66%, more than IAGG's 3.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.66% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
IAGG iShares Core International Aggregate Bond ETF | 3.59% | 3.55% | 2.27% | 1.16% | 1.95% | 2.81% | 3.02% | 1.74% | 1.56% | 0.13% | 0.00% | 0.00% |
Drawdowns
BNDX vs. IAGG - Drawdown Comparison
The maximum BNDX drawdown since its inception was -16.23%, which is greater than IAGG's maximum drawdown of -13.88%. Use the drawdown chart below to compare losses from any high point for BNDX and IAGG. For additional features, visit the drawdowns tool.
Volatility
BNDX vs. IAGG - Volatility Comparison
Vanguard Total International Bond ETF (BNDX) and iShares Core International Aggregate Bond ETF (IAGG) have volatilities of 1.23% and 1.22%, 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.