BNDX vs. SPSK
BNDX (Vanguard Total International Bond ETF) and SPSK (SP Funds Dow Jones Global Sukuk ETF) are both Global Bonds funds - BNDX tracks the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged) while SPSK tracks the Dow Jones Sukuk Total Return (No Coupon Reinvestment). Both are passively managed. Over the past 5 years, BNDX returned 0.25%/yr vs 0.76%/yr for SPSK. At a 0.40 correlation, their price movements are largely independent. BNDX charges 0.07%/yr vs 0.50%/yr for SPSK.
Performance
BNDX vs. SPSK - Performance Comparison
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Returns By Period
In the year-to-date period, BNDX achieves a 0.37% return, which is significantly higher than SPSK's -0.36% return.
BNDX
- 1D
- -0.12%
- 1M
- -0.16%
- YTD
- 0.37%
- 6M
- 0.55%
- 1Y
- 1.86%
- 3Y*
- 4.01%
- 5Y*
- 0.25%
- 10Y*
- 1.65%
SPSK
- 1D
- -0.22%
- 1M
- -0.65%
- YTD
- -0.36%
- 6M
- -0.27%
- 1Y
- 3.52%
- 3Y*
- 4.01%
- 5Y*
- 0.76%
- 10Y*
- —
BNDX vs. SPSK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 0.37% | 2.86% | 3.57% | 8.77% | -12.76% | -2.29% | 4.65% | -0.04% |
SPSK SP Funds Dow Jones Global Sukuk ETF | -0.36% | 6.16% | 2.95% | 3.95% | -7.75% | -1.30% | 3.67% | 0.02% |
Correlation
The correlation between BNDX and SPSK is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2019 | 0.40 |
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Return for Risk
BNDX vs. SPSK — Risk / Return Rank
BNDX
SPSK
BNDX vs. SPSK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond ETF (BNDX) and SP Funds Dow Jones Global Sukuk ETF (SPSK). 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 | SPSK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.16 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 1.24 | -0.60 |
| Martin ratioReturn relative to average drawdown | 1.79 | 4.14 | -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 | SPSK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 0.92 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.15 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.19 | +0.41 |
Drawdowns
BNDX vs. SPSK - Drawdown Comparison
The maximum BNDX drawdown since its inception was -16.23%, which is greater than SPSK's maximum drawdown of -12.83%. Use the drawdown chart below to compare losses from any high point for BNDX and SPSK.
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Drawdown Indicators
| BNDX | SPSK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.23% | -12.83% | -3.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -2.85% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -2.93% | -3.17% | +0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -15.86% | -12.45% | -3.41% |
Max Drawdown (10Y)Largest decline over 10 years | -16.23% | — | — |
Current DrawdownCurrent decline from peak | -1.65% | -1.41% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -3.82% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.85% | +0.19% |
Volatility
BNDX vs. SPSK - Volatility Comparison
Vanguard Total International Bond ETF (BNDX) has a higher volatility of 1.47% compared to SP Funds Dow Jones Global Sukuk ETF (SPSK) at 0.94%. This indicates that BNDX's price experiences larger fluctuations and is considered to be riskier than SPSK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNDX | SPSK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 0.94% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 2.46% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 3.83% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 5.29% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.09% | 5.46% | -1.37% |
BNDX vs. SPSK - Expense Ratio Comparison
BNDX has a 0.07% expense ratio, which is lower than SPSK's 0.50% expense ratio.
Dividends
BNDX vs. SPSK - Dividend Comparison
BNDX's dividend yield for the trailing twelve months is around 4.50%, more than SPSK's 4.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.50% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
SPSK SP Funds Dow Jones Global Sukuk ETF | 4.26% | 3.63% | 3.53% | 2.95% | 2.22% | 2.56% | 1.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BNDX and SPSK have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNDX has higher volatility (1.47%) compared to SPSK (0.94%). In terms of maximum drawdown, BNDX dropped -16.23% vs SPSK's -12.83%.
On 5-year performance, SPSK leads with 0.76% vs 0.25% for BNDX. On fees, BNDX is cheaper at 0.07% per year. On volatility, SPSK has been the lower-risk option at 0.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SPSK has performed better with a 0.76% return vs 0.25%. 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 0.50% for SPSK.
BNDX has the higher dividend yield at 4.50%, compared with 4.26% for SPSK.
BNDX tracks Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged), while SPSK tracks Dow Jones Sukuk Total Return (No Coupon Reinvestment). They also come from different issuers: Vanguard and SP Funds. Their fees differ too: 0.07% for BNDX and 0.50% for SPSK.
SPSK currently has the higher Sharpe Ratio (0.92 vs 0.54), 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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