BNDX vs. QQQM
BNDX (Vanguard Total International Bond ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - BNDX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged), while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, BNDX returned 0.43%/yr vs 17.66%/yr for QQQM. At a 0.17 correlation, their price movements are largely independent. BNDX charges 0.07%/yr vs 0.15%/yr for QQQM.
Performance
BNDX vs. QQQM - Performance Comparison
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Returns By Period
In the year-to-date period, BNDX achieves a 1.04% return, which is significantly lower than QQQM's 21.25% return.
BNDX
- 1D
- 0.02%
- 1M
- 1.71%
- YTD
- 1.04%
- 6M
- 1.14%
- 1Y
- 2.29%
- 3Y*
- 4.28%
- 5Y*
- 0.43%
- 10Y*
- 1.72%
QQQM
- 1D
- 3.11%
- 1M
- 4.92%
- YTD
- 21.25%
- 6M
- 22.16%
- 1Y
- 41.92%
- 3Y*
- 27.28%
- 5Y*
- 17.66%
- 10Y*
- —
BNDX vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 1.04% | 2.86% | 3.57% | 8.77% | -12.76% | -2.29% | 0.91% |
QQQM Invesco NASDAQ 100 ETF | 21.25% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.64% |
Correlation
The correlation between BNDX and QQQM is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.17 |
The correlation between BNDX and QQQM shifts across timeframes, from 0.16 (5 years) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BNDX vs. QQQM — Risk / Return Rank
BNDX
QQQM
BNDX vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond ETF (BNDX) and Invesco NASDAQ 100 ETF (QQQM). 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 | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.43 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 3.52 | -2.74 |
| Martin ratioReturn relative to average drawdown | 2.18 | 13.11 | -10.94 |
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Drawdowns
BNDX vs. QQQM - Drawdown Comparison
The maximum BNDX drawdown since its inception was -16.23%, smaller than the maximum QQQM drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for BNDX and QQQM.
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Drawdown Indicators
| BNDX | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.23% | -35.04% | +18.81% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -11.96% | +9.03% |
Max Drawdown (3Y)Largest decline over 3 years | -2.93% | -22.70% | +19.77% |
Max Drawdown (5Y)Largest decline over 5 years | -15.86% | -35.04% | +19.18% |
Max Drawdown (10Y)Largest decline over 10 years | -16.23% | — | — |
Current DrawdownCurrent decline from peak | -1.00% | -0.32% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -3.10% | -8.22% | +5.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 3.20% | -2.15% |
Volatility
BNDX vs. QQQM - Volatility Comparison
The current volatility for Vanguard Total International Bond ETF (BNDX) is 1.49%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 8.01%. This indicates that BNDX experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNDX | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 8.01% | -6.52% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 14.01% | -11.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 17.35% | -13.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.89% | 22.45% | -17.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.10% | 22.25% | -18.15% |
BNDX vs. QQQM - Expense Ratio Comparison
BNDX has a 0.07% expense ratio, which is lower than QQQM's 0.15% 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. QQQM - Dividend Comparison
BNDX's dividend yield for the trailing twelve months is around 4.47%, more than QQQM's 0.41% yield.
| Position | 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% |
QQQM Invesco NASDAQ 100 ETF | 0.41% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BNDX and QQQM have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQM has higher volatility (8.01%) compared to BNDX (1.49%). In terms of maximum drawdown, BNDX dropped -16.23% vs QQQM's -35.04%.
On 5-year performance, QQQM leads with 17.66% vs 0.43% for BNDX. On fees, BNDX is cheaper at 0.07% per year. On volatility, BNDX has been the lower-risk option at 1.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QQQM has performed better with a 17.66% return vs 0.43%. 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 0.15% for QQQM.
BNDX has the higher dividend yield at 4.47%, compared with 0.41% for QQQM.
BNDX is categorized as Global Bonds, while QQQM is Nasdaq-100. BNDX tracks Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged), while QQQM tracks NASDAQ-100 Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.07% for BNDX and 0.15% for QQQM.
QQQM currently has the higher Sharpe Ratio (2.43 vs 0.67), 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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