BNDX vs. VGCIX
Compare and contrast key facts about Vanguard Total International Bond ETF (BNDX) and Vanguard Global Credit Bond Fund Investor Shares (VGCIX).
BNDX is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). It was launched on May 31, 2013. VGCIX is managed by Vanguard. It was launched on Nov 15, 2018.
Performance
BNDX vs. VGCIX - Performance Comparison
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Returns By Period
In the year-to-date period, BNDX achieves a -0.08% return, which is significantly higher than VGCIX's -0.18% return.
BNDX
- 1D
- -0.10%
- 1M
- -1.05%
- YTD
- -0.08%
- 6M
- 0.10%
- 1Y
- 2.08%
- 3Y*
- 3.79%
- 5Y*
- 0.18%
- 10Y*
- 1.74%
VGCIX
- 1D
- 0.10%
- 1M
- -1.00%
- YTD
- -0.18%
- 6M
- 0.50%
- 1Y
- 4.96%
- 3Y*
- 5.42%
- 5Y*
- 1.33%
- 10Y*
- —
BNDX vs. VGCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | -0.08% | 2.86% | 3.57% | 8.77% | -12.76% | -2.29% | 4.65% | 7.87% | 1.56% |
VGCIX Vanguard Global Credit Bond Fund Investor Shares | -0.18% | 7.26% | 3.82% | 9.17% | -13.61% | -0.70% | 10.70% | 12.93% | 0.95% |
Correlation
The correlation between BNDX and VGCIX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they'll tend to fall together during downturns. For meaningful risk reduction, look for holdings with correlations below 0.5.
BNDX vs. VGCIX - Expense Ratio Comparison
BNDX has a 0.07% expense ratio, which is lower than VGCIX's 0.35% expense ratio.
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Return for Risk
BNDX vs. VGCIX — Risk / Return Rank
BNDX
VGCIX
BNDX vs. VGCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond ETF (BNDX) and Vanguard Global Credit Bond Fund Investor Shares (VGCIX). 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 | VGCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 1.38 | -0.56 |
Sortino ratioReturn per unit of downside risk | 1.15 | 1.94 | -0.79 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.25 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.68 | -0.79 |
Martin ratioReturn relative to average drawdown | 3.55 | 6.45 | -2.90 |
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 | VGCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 1.38 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.26 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.77 | -0.17 |
Drawdowns
BNDX vs. VGCIX - Drawdown Comparison
The maximum BNDX drawdown since its inception was -16.23%, smaller than the maximum VGCIX drawdown of -18.69%. Use the drawdown chart below to compare losses from any high point for BNDX and VGCIX.
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Drawdown Indicators
| BNDX | VGCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.23% | -18.69% | +2.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -2.95% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -15.86% | -18.69% | +2.83% |
Max Drawdown (10Y)Largest decline over 10 years | -16.23% | — | — |
Current DrawdownCurrent decline from peak | -2.09% | -1.91% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -3.10% | -4.52% | +1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.77% | -0.04% |
Volatility
BNDX vs. VGCIX - Volatility Comparison
Vanguard Total International Bond ETF (BNDX) has a higher volatility of 1.74% compared to Vanguard Global Credit Bond Fund Investor Shares (VGCIX) at 1.64%. This indicates that BNDX's price experiences larger fluctuations and is considered to be riskier than VGCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNDX | VGCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 1.64% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 2.33% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.21% | 3.60% | -0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.81% | 5.11% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.05% | 4.92% | -0.87% |
Dividends
BNDX vs. VGCIX - Dividend Comparison
BNDX's dividend yield for the trailing twelve months is around 4.47%, less than VGCIX's 4.91% yield.
| 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% |
VGCIX Vanguard Global Credit Bond Fund Investor Shares | 4.91% | 4.82% | 4.54% | 4.38% | 2.61% | 3.05% | 4.55% | 6.77% | 0.35% | 0.00% | 0.00% | 0.00% |