BNDX vs. VGSH
Compare and contrast key facts about Vanguard Total International Bond ETF (BNDX) and Vanguard Short-Term Treasury ETF (VGSH).
BNDX and VGSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BNDX is a passively managed fund by Vanguard that tracks the performance of the Barclays Global Aggregate ex-USD Float-Adjusted Index (Hedged). It was launched on May 31, 2013. VGSH is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-3 Year Government Float Adjusted Index. It was launched on Nov 19, 2009. Both BNDX and VGSH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNDX or VGSH.
Performance
BNDX vs. VGSH - Performance Comparison
Returns By Period
In the year-to-date period, BNDX achieves a 3.07% return, which is significantly lower than VGSH's 3.35% return. Over the past 10 years, BNDX has outperformed VGSH with an annualized return of 2.01%, while VGSH has yielded a comparatively lower 1.26% annualized return.
BNDX
3.07%
0.12%
4.03%
7.01%
-0.06%
2.01%
VGSH
3.35%
-0.18%
2.94%
4.95%
1.26%
1.26%
Key characteristics
| BNDX | VGSH | |
|---|---|---|
| Sharpe Ratio | 1.70 | 2.65 |
| Sortino Ratio | 2.57 | 4.24 |
| Omega Ratio | 1.30 | 1.56 |
| Calmar Ratio | 0.62 | 2.41 |
| Martin Ratio | 6.13 | 13.15 |
| Ulcer Index | 1.14% | 0.38% |
| Daily Std Dev | 4.11% | 1.87% |
| Max Drawdown | -16.23% | -5.70% |
| Current Drawdown | -4.53% | -0.85% |
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BNDX vs. VGSH - Expense Ratio Comparison
BNDX has a 0.07% expense ratio, which is higher than VGSH's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between BNDX and VGSH is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
BNDX vs. VGSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond ETF (BNDX) and Vanguard Short-Term Treasury ETF (VGSH). 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.
Dividends
BNDX vs. VGSH - Dividend Comparison
BNDX's dividend yield for the trailing twelve months is around 4.77%, more than VGSH's 4.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.77% | 4.42% | 1.52% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
VGSH Vanguard Short-Term Treasury ETF | 4.15% | 3.32% | 1.15% | 0.66% | 1.75% | 2.28% | 1.79% | 1.10% | 0.84% | 0.71% | 0.46% | 0.34% |
Drawdowns
BNDX vs. VGSH - Drawdown Comparison
The maximum BNDX drawdown since its inception was -16.23%, which is greater than VGSH's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for BNDX and VGSH. For additional features, visit the drawdowns tool.
Volatility
BNDX vs. VGSH - Volatility Comparison
Vanguard Total International Bond ETF (BNDX) has a higher volatility of 0.79% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.41%. This indicates that BNDX's price experiences larger fluctuations and is considered to be riskier than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.