BNDX vs. VTIFX
BNDX (Vanguard Total International Bond ETF) and VTIFX (Vanguard Total International Bond Index Fund Institutional 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 VTIFX is a Total Bond Market fund managed by Vanguard. Over the past 10 years, BNDX returned 1.69%/yr vs 1.79%/yr for VTIFX. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.07% expense ratio.
Performance
BNDX vs. VTIFX - Performance Comparison
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Returns By Period
In the year-to-date period, BNDX achieves a 1.50% return, which is significantly higher than VTIFX's 1.40% return. Over the past 10 years, BNDX has underperformed VTIFX with an annualized return of 1.69%, while VTIFX has yielded a comparatively higher 1.79% 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%
VTIFX
- 1D
- 0.28%
- 1M
- 0.90%
- YTD
- 1.40%
- 6M
- 1.54%
- 1Y
- 2.60%
- 3Y*
- 4.49%
- 5Y*
- 0.64%
- 10Y*
- 1.79%
BNDX vs. VTIFX - 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% |
VTIFX Vanguard Total International Bond Index Fund Institutional Shares | 1.40% | 3.02% | 3.91% | 9.04% | -12.89% | -2.20% | 4.59% | 7.89% | 2.99% | 2.43% |
Correlation
The correlation between BNDX and VTIFX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2013 | 0.85 |
The correlation between BNDX and VTIFX has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.
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Return for Risk
BNDX vs. VTIFX — Risk / Return Rank
BNDX
VTIFX
BNDX vs. VTIFX - 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 Institutional Shares (VTIFX). 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 | VTIFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.15 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 0.89 | -0.03 |
| Martin ratioReturn relative to average drawdown | 2.38 | 2.43 | -0.05 |
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Drawdowns
BNDX vs. VTIFX - Drawdown Comparison
The maximum BNDX drawdown since its inception was -16.23%, roughly equal to the maximum VTIFX drawdown of -16.07%. Use the drawdown chart below to compare losses from any high point for BNDX and VTIFX.
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Drawdown Indicators
| BNDX | VTIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.23% | -16.07% | -0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -2.88% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -2.93% | -2.88% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -15.86% | -15.75% | -0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -16.23% | -16.07% | -0.16% |
Current DrawdownCurrent decline from peak | -0.55% | -0.48% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -3.10% | -2.96% | -0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 1.06% | 0.00% |
Volatility
BNDX vs. VTIFX - Volatility Comparison
Vanguard Total International Bond ETF (BNDX) and Vanguard Total International Bond Index Fund Institutional Shares (VTIFX) have volatilities of 0.93% and 0.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNDX | VTIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 0.93% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 2.64% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 3.10% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.89% | 4.45% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.09% | 3.61% | +0.48% |
BNDX vs. VTIFX - Expense Ratio Comparison
Both BNDX and VTIFX have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
BNDX vs. VTIFX - Dividend Comparison
BNDX's dividend yield for the trailing twelve months is around 4.45%, which matches VTIFX's 4.47% 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% |
VTIFX Vanguard Total International Bond Index Fund Institutional Shares | 4.47% | 4.40% | 4.38% | 4.60% | 1.52% | 3.73% | 1.12% | 3.42% | 3.03% | 2.29% | 1.84% | 1.68% |
Frequently Asked Questions
BNDX and VTIFX 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.
VTIFX has higher volatility (0.93%) compared to BNDX (0.93%). In terms of maximum drawdown, BNDX dropped -16.23% vs VTIFX's -16.07%.
VTIFX currently has the higher Sharpe Ratio (0.83 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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