BNDX vs. VTABX
BNDX (Vanguard Total International Bond ETF) and VTABX (Vanguard Total International Bond Index Fund Admiral Shares) are both Global Bonds funds from Vanguard - BNDX tracks the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (Hedged) while VTABX tracks the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index Hedged. Both are passively managed. Over the past 10 years, BNDX returned 1.52%/yr vs 1.57%/yr for VTABX. Their correlation of 0.84 means they have usually moved in the same direction. BNDX charges 0.07%/yr vs 0.10%/yr for VTABX.
Performance
BNDX vs. VTABX - Performance Comparison
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Returns By Period
In the year-to-date period, BNDX achieves a 0.62% return, which is significantly higher than VTABX's 0.05% return. Both investments have delivered pretty close results over the past 10 years, with BNDX having a 1.52% annualized return and VTABX not far ahead at 1.57%.
BNDX
- 1D
- 0.40%
- 1M
- -0.58%
- 6M
- 0.16%
- YTD
- 0.62%
- 1Y
- 1.23%
- 3Y*
- 4.12%
- 5Y*
- -0.05%
- 10Y*
- 1.52%
- ALL TIME*
- 2.28%
VTABX
- 1D
- -0.21%
- 1M
- -0.98%
- 6M
- -0.28%
- YTD
- 0.05%
- 1Y
- 1.11%
- 3Y*
- 4.06%
- 5Y*
- -0.05%
- 10Y*
- 1.57%
- ALL TIME*
- 2.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $166.29M | $189.02M | $229.54M | |
| $0.00 | $0.00 | $0.00 |
BNDX vs. VTABX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 0.62% | 2.86% | 3.57% | 8.77% | -12.76% | -2.29% | 4.65% | 7.87% | 2.81% | 2.40% |
VTABX Vanguard Total International Bond Index Fund Admiral Shares | 0.05% | 2.96% | 3.92% | 8.77% | -12.92% | -2.22% | 4.54% | 8.83% | 2.97% | 2.39% |
Correlation
The correlation between BNDX and VTABX is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2013 | 0.84 |
The correlation between BNDX and VTABX has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.
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Return for Risk
BNDX vs. VTABX — Risk / Return Rank
BNDX
VTABX
BNDX vs. VTABX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond ETF (BNDX) and Vanguard Total International Bond Index Fund Admiral Shares (VTABX). 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 | VTABX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.07 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 0.40 | +0.02 |
| Martin ratioReturn relative to average drawdown | 1.08 | 1.01 | +0.07 |
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Drawdowns
BNDX vs. VTABX - Drawdown Comparison
The maximum BNDX drawdown since its inception was -16.23%, roughly equal to the maximum VTABX drawdown of -16.16%. Use the drawdown chart below to compare losses from any high point for BNDX and VTABX.
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Drawdown Indicators
| BNDX | VTABX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.23% | -16.16% | -0.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -2.90% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -2.93% | -2.90% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -15.86% | -15.81% | -0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -16.23% | -16.16% | -0.07% |
Current DrawdownCurrent decline from peak | -1.41% | -1.80% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -3.02% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 1.15% | 0.00% |
Volatility
BNDX vs. VTABX - Volatility Comparison
Vanguard Total International Bond ETF (BNDX) has a higher volatility of 1.17% compared to Vanguard Total International Bond Index Fund Admiral Shares (VTABX) at 0.88%. This indicates that BNDX's price experiences larger fluctuations and is considered to be riskier than VTABX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNDX | VTABX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 0.88% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.12% | 2.70% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 3.12% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.91% | 4.46% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.09% | 3.61% | +0.48% |
BNDX vs. VTABX - Expense Ratio Comparison
BNDX has a 0.07% expense ratio, which is lower than VTABX's 0.10% 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. VTABX - Dividend Comparison
BNDX's dividend yield for the trailing twelve months is around 4.55%, more than VTABX's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.55% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
VTABX Vanguard Total International Bond Index Fund Admiral Shares | 4.28% | 4.36% | 4.33% | 4.39% | 1.48% | 3.70% | 1.08% | 4.28% | 3.00% | 2.23% | 1.80% | 1.64% |
Frequently Asked Questions
BNDX and VTABX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNDX has higher volatility (1.17%) compared to VTABX (0.88%). In terms of maximum drawdown, BNDX dropped -16.23% vs VTABX's -16.16%.
VTABX currently has the higher Sharpe Ratio (0.37 vs 0.35), 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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