BNDX vs. TMSF
BNDX (Vanguard Total International Bond ETF) and TMSF (T. Rowe Price Multi-Sector Income 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 TMSF is a Multisector Bonds fund actively managed by T. Rowe Price. BNDX is passively managed, while TMSF is actively managed. A 0.56 correlation means they provide meaningful diversification when combined. BNDX charges 0.07%/yr vs 0.37%/yr for TMSF.
Performance
BNDX vs. TMSF - Performance Comparison
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Returns By Period
In the year-to-date period, BNDX achieves a 0.64% return, which is significantly lower than TMSF's 1.75% return.
BNDX
- 1D
- 0.10%
- 1M
- 0.63%
- YTD
- 0.64%
- 6M
- 0.44%
- 1Y
- 1.86%
- 3Y*
- 4.14%
- 5Y*
- 0.35%
- 10Y*
- 1.71%
TMSF
- 1D
- 0.04%
- 1M
- 0.52%
- YTD
- 1.75%
- 6M
- 2.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNDX vs. TMSF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BNDX Vanguard Total International Bond ETF | 0.64% | -0.14% |
TMSF T. Rowe Price Multi-Sector Income ETF | 1.75% | 1.29% |
Correlation
The correlation between BNDX and TMSF is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025 | 0.56 |
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Return for Risk
BNDX vs. TMSF — Risk / Return Rank
BNDX
TMSF
BNDX vs. TMSF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond ETF (BNDX) and T. Rowe Price Multi-Sector Income ETF (TMSF). 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 | TMSF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.10 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | — | — |
| Martin ratioReturn relative to average drawdown | 1.82 | — | — |
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 | TMSF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 2.01 | -1.41 |
Drawdowns
BNDX vs. TMSF - Drawdown Comparison
The maximum BNDX drawdown since its inception was -16.23%, which is greater than TMSF's maximum drawdown of -2.28%. Use the drawdown chart below to compare losses from any high point for BNDX and TMSF.
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Drawdown Indicators
| BNDX | TMSF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.23% | -2.28% | -13.95% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -2.93% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.86% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -16.23% | — | — |
Current DrawdownCurrent decline from peak | -1.39% | -0.21% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -0.38% | -2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | — | — |
Volatility
BNDX vs. TMSF - Volatility Comparison
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Volatility by Period
| BNDX | TMSF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 2.93% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 2.93% | +1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.09% | 2.93% | +1.16% |
BNDX vs. TMSF - Expense Ratio Comparison
BNDX has a 0.07% expense ratio, which is lower than TMSF's 0.37% expense ratio.
Dividends
BNDX vs. TMSF - Dividend Comparison
BNDX's dividend yield for the trailing twelve months is around 4.49%, more than TMSF's 3.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.49% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
TMSF T. Rowe Price Multi-Sector Income ETF | 3.06% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BNDX and TMSF have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BNDX is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BNDX is cheaper with a 0.07% expense ratio, compared with 0.37% for TMSF.
BNDX has the higher dividend yield at 4.49%, compared with 3.06% for TMSF.
BNDX is categorized as Global Bonds, while TMSF is Multisector Bonds. They also come from different issuers: Vanguard and T. Rowe Price. Their fees differ too: 0.07% for BNDX and 0.37% for TMSF.
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