BNDX vs. PTIAX
BNDX (Vanguard Total International Bond ETF) and PTIAX (Performance Trust Strategic Bond Fund) are both funds - BNDX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged), while PTIAX is a Intermediate Core-Plus Bond fund managed by Performance Trust Asset Management. Over the past 10 years, BNDX returned 1.69%/yr vs 2.83%/yr for PTIAX. A 0.70 correlation means they provide meaningful diversification when combined. BNDX charges 0.07%/yr vs 0.76%/yr for PTIAX.
Performance
BNDX vs. PTIAX - 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 PTIAX's 0.50% return. Over the past 10 years, BNDX has underperformed PTIAX with an annualized return of 1.69%, while PTIAX has yielded a comparatively higher 2.83% 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%
PTIAX
- 1D
- -0.10%
- 1M
- 0.22%
- YTD
- 0.50%
- 6M
- 0.58%
- 1Y
- 5.33%
- 3Y*
- 5.16%
- 5Y*
- 0.82%
- 10Y*
- 2.83%
BNDX vs. PTIAX - 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% |
PTIAX Performance Trust Strategic Bond Fund | 0.50% | 6.92% | 3.52% | 7.48% | -12.84% | 1.15% | 5.73% | 7.36% | 2.01% | 7.08% |
Correlation
The correlation between BNDX and PTIAX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2013 | 0.70 |
The correlation between BNDX and PTIAX shifts across timeframes, from 0.70 (all time) to 0.80 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BNDX vs. PTIAX — Risk / Return Rank
BNDX
PTIAX
BNDX vs. PTIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond ETF (BNDX) and Performance Trust Strategic Bond Fund (PTIAX). 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 | PTIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.26 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 1.92 | -1.24 |
| Martin ratioReturn relative to average drawdown | 1.90 | 5.34 | -3.44 |
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Drawdowns
BNDX vs. PTIAX - Drawdown Comparison
The maximum BNDX drawdown since its inception was -16.23%, roughly equal to the maximum PTIAX drawdown of -16.90%. Use the drawdown chart below to compare losses from any high point for BNDX and PTIAX.
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Drawdown Indicators
| BNDX | PTIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.23% | -16.90% | +0.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -2.99% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -2.93% | -4.96% | +2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -15.86% | -16.90% | +1.04% |
Max Drawdown (10Y)Largest decline over 10 years | -16.23% | -16.90% | +0.67% |
Current DrawdownCurrent decline from peak | -1.18% | -1.73% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -3.10% | -2.44% | -0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 1.07% | -0.02% |
Volatility
BNDX vs. PTIAX - Volatility Comparison
Vanguard Total International Bond ETF (BNDX) has a higher volatility of 1.50% compared to Performance Trust Strategic Bond Fund (PTIAX) at 1.31%. This indicates that BNDX's price experiences larger fluctuations and is considered to be riskier than PTIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNDX | PTIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.31% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 2.80% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 3.95% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.89% | 4.97% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.10% | 4.05% | +0.05% |
BNDX vs. PTIAX - Expense Ratio Comparison
BNDX has a 0.07% expense ratio, which is lower than PTIAX's 0.76% expense ratio.
Dividends
BNDX vs. PTIAX - Dividend Comparison
BNDX's dividend yield for the trailing twelve months is around 4.48%, less than PTIAX's 4.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.48% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
PTIAX Performance Trust Strategic Bond Fund | 4.78% | 4.68% | 4.44% | 4.03% | 3.96% | 3.01% | 3.86% | 4.11% | 4.47% | 5.51% | 5.49% | 4.87% |
Frequently Asked Questions
BNDX and PTIAX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNDX has higher volatility (1.50%) compared to PTIAX (1.31%). In terms of maximum drawdown, BNDX dropped -16.23% vs PTIAX's -16.90%.
PTIAX currently has the higher Sharpe Ratio (1.45 vs 0.58), 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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