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BNDX vs. VHCAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BNDX vs. VHCAX

Last updated Jun 9, 2026

BNDX (Vanguard Total International Bond ETF) and VHCAX (Vanguard Capital Opportunity Fund Admiral Shares) are both funds - BNDX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged), while VHCAX is a Large Cap Growth Equities fund managed by Vanguard. Over the past 10 years, BNDX returned 1.65%/yr vs 16.65%/yr for VHCAX. At a 0.01 correlation, their price movements are largely independent. BNDX charges 0.07%/yr vs 0.36%/yr for VHCAX.

Performance

BNDX vs. VHCAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total International Bond ETF (BNDX) and Vanguard Capital Opportunity Fund Admiral Shares (VHCAX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BNDX achieves a 0.37% return, which is significantly lower than VHCAX's 20.09% return. Over the past 10 years, BNDX has underperformed VHCAX with an annualized return of 1.65%, while VHCAX has yielded a comparatively higher 16.65% 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%

VHCAX

1D
-4.24%
1M
1.98%
YTD
20.09%
6M
20.90%
1Y
47.66%
3Y*
24.93%
5Y*
13.49%
10Y*
16.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BNDX vs. VHCAX - 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%
VHCAX
Vanguard Capital Opportunity Fund Admiral Shares		20.09%25.83%14.07%25.63%-17.56%20.92%22.83%27.30%-3.71%28.37%

Correlation

The correlation between BNDX and VHCAX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.33

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

0.22

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

0.15

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

0.05

Correlation (All Time)
Calculated using the full available price history since Jun 4, 2013

0.01

Over the past year, BNDX and VHCAX have become more correlated (0.33) than their long-term average of 0.01, meaning their price movements have been converging.

BNDX vs. VHCAX - Sectors Allocation Comparison

Sectors
BNDX
VHCAX

Real Estate

0.0%
0.1%

Financial Services

0.0%
8.2%

Industrials

0.0%
10.7%

Energy

0.0%
2.2%

Communication Services

0.0%
6.5%

Utilities

0.0%

-

Healthcare

0.0%
24.9%

Basic Materials

-

0.4%

Consumer Cyclical

-

9.8%

Consumer Defensive

-

0.9%

Technology

-

33.1%

Real Estate

BNDX
0.0%
VHCAX
0.1%

Financial Services

BNDX
0.0%
VHCAX
8.2%

Industrials

BNDX
0.0%
VHCAX
10.7%

Energy

BNDX
0.0%
VHCAX
2.2%

Communication Services

BNDX
0.0%
VHCAX
6.5%

Utilities

BNDX
0.0%
VHCAX

-

Healthcare

BNDX
0.0%
VHCAX
24.9%

Basic Materials

BNDX

-

VHCAX
0.4%

Consumer Cyclical

BNDX

-

VHCAX
9.8%

Consumer Defensive

BNDX

-

VHCAX
0.9%

Technology

BNDX

-

VHCAX
33.1%

Compare stocks, funds, or ETFs

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Vanguard Total International Bond ETF

Vanguard Capital Opportunity Fund Admiral Shares

Often compared with BNDX:
BNDX vs. BNDBNDX vs. BNDWBNDX vs. VTABXBNDX vs. IAGGBNDX vs. FBIIXBNDX vs. IGOVBNDX vs. VWOB
Often compared with VHCAX:
VHCAX vs. VPMAXVHCAX vs. VOOVHCAX vs. VFIAXVHCAX vs. SPYVHCAX vs. BIOPXVHCAX vs. SCHGVHCAX vs. VDIGX

Return for Risk

BNDX vs. VHCAX — 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
VHCAX
VHCAX Risk / Return Rank: 8585
Overall Rank
VHCAX Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
VHCAX Sortino Ratio Rank: 8080
Sortino Ratio Rank
VHCAX Omega Ratio Rank: 7979
Omega Ratio Rank
VHCAX Calmar Ratio Rank: 8686
Calmar Ratio Rank
VHCAX Martin Ratio Rank: 9191
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. VHCAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond ETF (BNDX) and Vanguard Capital Opportunity Fund Admiral Shares (VHCAX). 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.

BNDXVHCAXDifference
Sharpe ratioReturn per unit of total volatility
0.54
2.83

-2.28

Sortino ratioReturn per unit of downside risk
0.79
3.73

-2.94

Omega ratioGain probability vs. loss probability

1.10

1.50

-0.40

Calmar ratioReturn relative to maximum drawdown

0.64

3.99

-3.35

Martin ratioReturn relative to average drawdown

1.79

17.82

-16.02

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. VHCAX - Sharpe Ratio Comparison

The current BNDX Sharpe Ratio is 0.54, which is lower than the VHCAX Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of BNDX and VHCAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BNDXVHCAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.54

2.83

-2.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.05

0.68

-0.63

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.41

0.82

-0.41

Sharpe Ratio (All Time)

Calculated using the full available price history

0.60

0.59

+0.01

Drawdowns

BNDX vs. VHCAX - Drawdown Comparison

The maximum BNDX drawdown since its inception was -16.23%, smaller than the maximum VHCAX drawdown of -54.27%. Use the drawdown chart below to compare losses from any high point for BNDX and VHCAX.

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Drawdown Indicators

BNDXVHCAXDifference

Max Drawdown

Largest peak-to-trough decline

-16.23%

-54.27%

+38.04%

Max Drawdown (1Y)

Largest decline over 1 year

-2.93%

-12.42%

+9.49%

Max Drawdown (3Y)

Largest decline over 3 years

-2.93%

-23.92%

+20.99%

Max Drawdown (5Y)

Largest decline over 5 years

-15.86%

-27.55%

+11.69%

Max Drawdown (10Y)

Largest decline over 10 years

-16.23%

-33.78%

+17.55%

Current Drawdown

Current decline from peak

-1.65%

-4.43%

+2.78%

Average Drawdown

Average peak-to-trough decline

-3.08%

-8.40%

+5.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.04%

2.78%

-1.74%

Volatility

BNDX vs. VHCAX - Volatility Comparison

The current volatility for Vanguard Total International Bond ETF (BNDX) is 1.47%, while Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) has a volatility of 7.28%. This indicates that BNDX experiences smaller price fluctuations and is considered to be less risky than VHCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BNDXVHCAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.47%

7.28%

-5.81%

Volatility (6M)

Calculated over the trailing 6-month period

2.91%

14.43%

-11.52%

Volatility (1Y)

Calculated over the trailing 1-year period

3.43%

17.54%

-14.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.88%

19.90%

-15.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.09%

20.36%

-16.27%

BNDX vs. VHCAX - Expense Ratio Comparison

BNDX has a 0.07% expense ratio, which is lower than VHCAX's 0.36% expense ratio.

Dividends

BNDX vs. VHCAX - Dividend Comparison

BNDX's dividend yield for the trailing twelve months is around 4.50%, less than VHCAX's 8.09% 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%
VHCAX
Vanguard Capital Opportunity Fund Admiral Shares		8.09%9.71%8.24%2.40%9.35%10.55%9.19%6.48%12.23%3.87%5.74%5.39%

Frequently Asked Questions

BNDX and VHCAX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VHCAX has higher volatility (7.28%) compared to BNDX (1.47%). In terms of maximum drawdown, BNDX dropped -16.23% vs VHCAX's -54.27%.

VHCAX currently has the higher Sharpe Ratio (2.83 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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