PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
BNDX vs. VFV.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BNDX vs. VFV.TO

Last updated Jun 9, 2026

BNDX (Vanguard Total International Bond ETF) and VFV.TO (Vanguard S&P 500 Index 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 VFV.TO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, BNDX returned 1.65%/yr vs 14.98%/yr for VFV.TO. At a correlation of -0.02, they often move in opposite directions. BNDX charges 0.07%/yr vs 0.09%/yr for VFV.TO.

Performance

BNDX vs. VFV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total International Bond ETF (BNDX) and Vanguard S&P 500 Index ETF (VFV.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

BNDX is traded in USD, while VFV.TO is traded in CAD. To make them comparable, the VFV.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BNDX achieves a 0.37% return, which is significantly lower than VFV.TO's 8.51% return. Over the past 10 years, BNDX has underperformed VFV.TO with an annualized return of 1.65%, while VFV.TO has yielded a comparatively higher 14.98% annualized 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%

VFV.TO

1D
0.11%
1M
0.25%
YTD
8.51%
6M
8.63%
1Y
24.44%
3Y*
21.24%
5Y*
13.20%
10Y*
14.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BNDX vs. VFV.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BNDX
Vanguard Total International Bond ETF		0.37%2.86%3.57%8.77%-12.76%-2.29%4.65%7.87%2.81%2.40%
VFV.TO
Vanguard S&P 500 Index ETF		8.45%17.55%24.68%26.24%-17.79%27.57%18.42%30.52%-5.03%21.94%

Correlation

The correlation between BNDX and VFV.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.19

Correlation (3Y)
Calculated over the trailing 3-year period

0.13

Correlation (5Y)
Calculated over the trailing 5-year period

0.10

Correlation (10Y)
Calculated over the trailing 10-year period

0.02

Correlation (All Time)
Calculated using the full available price history since Jun 5, 2013

-0.02

The correlation between BNDX and VFV.TO shifts across timeframes, from -0.02 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.

BNDX vs. VFV.TO - Sectors Allocation Comparison

Sectors
BNDX
VFV.TO

Real Estate

0.0%
1.9%

Financial Services

0.0%
11.6%

Industrials

0.0%
8.3%

Energy

0.0%
3.5%

Communication Services

0.0%
11.3%

Utilities

0.0%
2.4%

Healthcare

0.0%
8.5%

Basic Materials

-

1.8%

Consumer Cyclical

-

10.2%

Consumer Defensive

-

4.9%

Technology

-

35.7%

Real Estate

BNDX
0.0%
VFV.TO
1.9%

Financial Services

BNDX
0.0%
VFV.TO
11.6%

Industrials

BNDX
0.0%
VFV.TO
8.3%

Energy

BNDX
0.0%
VFV.TO
3.5%

Communication Services

BNDX
0.0%
VFV.TO
11.3%

Utilities

BNDX
0.0%
VFV.TO
2.4%

Healthcare

BNDX
0.0%
VFV.TO
8.5%

Basic Materials

BNDX

-

VFV.TO
1.8%

Consumer Cyclical

BNDX

-

VFV.TO
10.2%

Consumer Defensive

BNDX

-

VFV.TO
4.9%

Technology

BNDX

-

VFV.TO
35.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Total International Bond ETF

Vanguard S&P 500 Index ETF

Often compared with BNDX:
BNDX vs. BNDBNDX vs. BNDWBNDX vs. VTABXBNDX vs. IAGGBNDX vs. FBIIXBNDX vs. IGOVBNDX vs. VWOB
Often compared with VFV.TO:
VFV.TO vs. XEQT.TOVFV.TO vs. VEQT.TOVFV.TO vs. VOOVFV.TO vs. QQC.TOVFV.TO vs. VSP.TOVFV.TO vs. VCN.TOVFV.TO vs. XQQ.TO

Return for Risk

BNDX vs. VFV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BNDX
BNDX Risk / Return Rank: 1818
Overall Rank
BNDX Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
BNDX Sortino Ratio Rank: 1717
Sortino Ratio Rank
BNDX Omega Ratio Rank: 1717
Omega Ratio Rank
BNDX Calmar Ratio Rank: 1818
Calmar Ratio Rank
BNDX Martin Ratio Rank: 1818
Martin Ratio Rank
VFV.TO
VFV.TO Risk / Return Rank: 7676
Overall Rank
VFV.TO Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
VFV.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
VFV.TO Omega Ratio Rank: 8181
Omega Ratio Rank
VFV.TO Calmar Ratio Rank: 6969
Calmar Ratio Rank
VFV.TO Martin Ratio Rank: 7070
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BNDX vs. VFV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond ETF (BNDX) and Vanguard S&P 500 Index ETF (VFV.TO). 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.

BNDXVFV.TODifference
Sharpe ratioReturn per unit of total volatility
0.54
1.95

-1.41

Sortino ratioReturn per unit of downside risk
0.79
2.65

-1.87

Omega ratioGain probability vs. loss probability

1.10

1.36

-0.26

Calmar ratioReturn relative to maximum drawdown

0.64

2.71

-2.08

Martin ratioReturn relative to average drawdown

1.79

12.01

-10.21

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BNDX vs. VFV.TO - Sharpe Ratio Comparison

The current BNDX Sharpe Ratio is 0.54, which is lower than the VFV.TO Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of BNDX and VFV.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

BNDXVFV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.54

1.95

-1.41

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.05

0.83

-0.78

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.41

0.85

-0.44

Sharpe Ratio (All Time)

Calculated using the full available price history

0.60

0.87

-0.27

Drawdowns

BNDX vs. VFV.TO - Drawdown Comparison

The maximum BNDX drawdown since its inception was -16.23%, smaller than the maximum VFV.TO drawdown of -33.56%. Use the drawdown chart below to compare losses from any high point for BNDX and VFV.TO.

Loading charts...

Drawdown Indicators

BNDXVFV.TODifference

Max Drawdown

Largest peak-to-trough decline

-16.23%

-33.56%

+17.33%

Max Drawdown (1Y)

Largest decline over 1 year

-2.93%

-9.04%

+6.11%

Max Drawdown (3Y)

Largest decline over 3 years

-2.93%

-18.94%

+16.01%

Max Drawdown (5Y)

Largest decline over 5 years

-15.86%

-24.33%

+8.47%

Max Drawdown (10Y)

Largest decline over 10 years

-16.23%

-33.56%

+17.33%

Current Drawdown

Current decline from peak

-1.65%

-2.69%

+1.04%

Average Drawdown

Average peak-to-trough decline

-3.08%

-3.86%

+0.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.04%

2.04%

-1.00%

Volatility

BNDX vs. VFV.TO - Volatility Comparison

The current volatility for Vanguard Total International Bond ETF (BNDX) is 1.47%, while Vanguard S&P 500 Index ETF (VFV.TO) has a volatility of 3.80%. This indicates that BNDX experiences smaller price fluctuations and is considered to be less risky than VFV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

BNDXVFV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.47%

3.80%

-2.33%

Volatility (6M)

Calculated over the trailing 6-month period

2.91%

9.46%

-6.55%

Volatility (1Y)

Calculated over the trailing 1-year period

3.43%

12.59%

-9.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.88%

16.07%

-11.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.09%

17.73%

-13.64%

BNDX vs. VFV.TO - Expense Ratio Comparison

BNDX has a 0.07% expense ratio, which is lower than VFV.TO'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%.

Dividends

BNDX vs. VFV.TO - Dividend Comparison

BNDX's dividend yield for the trailing twelve months is around 4.50%, more than VFV.TO's 0.85% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VFV.TO
Vanguard S&P 500 Index ETF		0.85%0.92%0.99%1.20%1.31%1.06%1.33%1.55%1.69%1.51%1.65%1.63%

Frequently Asked Questions

BNDX and VFV.TO have a correlation of 0.19, 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 0.09% for VFV.TO.

BNDX is categorized as Global Bonds, while VFV.TO is S&P 500. BNDX tracks Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged), while VFV.TO tracks S&P 500 Index. Their fees differ too: 0.07% for BNDX and 0.09% for VFV.TO.

Portfolio Optimizer

Find the right allocation for BNDX and VFV.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer