BNDX vs. VOO
BNDX (Vanguard Total International Bond ETF) and VOO (Vanguard S&P 500 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 VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, BNDX returned 1.69%/yr vs 15.82%/yr for VOO. At a 0.02 correlation, their price movements are largely independent. BNDX charges 0.07%/yr vs 0.03%/yr for VOO.
Performance
BNDX vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, BNDX achieves a 1.50% return, which is significantly lower than VOO's 8.09% return. Over the past 10 years, BNDX has underperformed VOO with an annualized return of 1.69%, while VOO has yielded a comparatively higher 15.82% annualized return.
BNDX
- 1D
- -0.02%
- 1M
- 0.78%
- YTD
- 1.50%
- 6M
- 1.29%
- 1Y
- 2.52%
- 3Y*
- 4.21%
- 5Y*
- 0.53%
- 10Y*
- 1.69%
VOO
- 1D
- 0.00%
- 1M
- -2.07%
- YTD
- 8.09%
- 6M
- 6.78%
- 1Y
- 22.17%
- 3Y*
- 20.91%
- 5Y*
- 13.02%
- 10Y*
- 15.82%
BNDX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 1.50% | 2.86% | 3.57% | 8.77% | -12.76% | -2.29% | 4.65% | 7.87% | 2.81% | 2.40% |
VOO Vanguard S&P 500 ETF | 8.09% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between BNDX and VOO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2013 | 0.02 |
Over the past year, BNDX and VOO have become more correlated (0.34) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
BNDX vs. VOO — Risk / Return Rank
BNDX
VOO
BNDX vs. VOO - 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 ETF (VOO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BNDX | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.33 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 2.50 | -1.64 |
| Martin ratioReturn relative to average drawdown | 2.38 | 11.08 | -8.69 |
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Drawdowns
BNDX vs. VOO - Drawdown Comparison
The maximum BNDX drawdown since its inception was -16.23%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for BNDX and VOO.
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Drawdown Indicators
| BNDX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.23% | -33.99% | +17.76% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -8.90% | +5.97% |
Max Drawdown (3Y)Largest decline over 3 years | -2.93% | -18.69% | +15.76% |
Max Drawdown (5Y)Largest decline over 5 years | -15.86% | -24.52% | +8.66% |
Max Drawdown (10Y)Largest decline over 10 years | -16.23% | -33.99% | +17.76% |
Current DrawdownCurrent decline from peak | -0.55% | -3.23% | +2.68% |
Average DrawdownAverage peak-to-trough decline | -3.10% | -3.68% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 2.01% | -0.95% |
Volatility
BNDX vs. VOO - Volatility Comparison
The current volatility for Vanguard Total International Bond ETF (BNDX) is 0.93%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.75%. This indicates that BNDX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNDX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 4.75% | -3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 9.77% | -6.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 12.39% | -8.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.89% | 16.91% | -12.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.09% | 18.02% | -13.93% |
BNDX vs. VOO - Expense Ratio Comparison
BNDX has a 0.07% expense ratio, which is higher than VOO's 0.03% 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%.
Dividends
BNDX vs. VOO - Dividend Comparison
BNDX's dividend yield for the trailing twelve months is around 4.45%, more than VOO's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.45% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
VOO Vanguard S&P 500 ETF | 1.05% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
BNDX and VOO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VOO has higher volatility (4.75%) compared to BNDX (0.93%). In terms of maximum drawdown, BNDX dropped -16.23% vs VOO's -33.99%.
On 10-year performance, VOO leads with 15.82% vs 1.69% for BNDX. On fees, VOO is cheaper at 0.03% per year. On volatility, BNDX has been the lower-risk option at 0.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VOO has performed better with a 15.82% return vs 1.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.07% for BNDX.
BNDX has the higher dividend yield at 4.45%, compared with 1.05% for VOO.
BNDX is categorized as Global Bonds, while VOO is S&P 500. BNDX tracks Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged), while VOO tracks S&P 500 Index. Their fees differ too: 0.07% for BNDX and 0.03% for VOO.
VOO currently has the higher Sharpe Ratio (1.80 vs 0.73), 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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