PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
BNDX vs. VWELX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BNDX vs. VWELX

Last updated Jun 10, 2026

BNDX (Vanguard Total International Bond ETF) and VWELX (Vanguard Wellington Fund Investor 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 VWELX is a Diversified Portfolio fund actively managed by Vanguard. BNDX is passively managed, while VWELX is actively managed. Over the past 10 years, BNDX returned 1.66%/yr vs 9.97%/yr for VWELX. At a 0.12 correlation, their price movements are largely independent. BNDX charges 0.07%/yr vs 0.24%/yr for VWELX.

Performance

BNDX vs. VWELX - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, BNDX achieves a 0.45% return, which is significantly lower than VWELX's 4.84% return. Over the past 10 years, BNDX has underperformed VWELX with an annualized return of 1.66%, while VWELX has yielded a comparatively higher 9.97% annualized return.

BNDX

1D
0.08%
1M
-0.08%
YTD
0.45%
6M
0.55%
1Y
1.78%
3Y*
4.04%
5Y*
0.25%
10Y*
1.66%

VWELX

1D
0.28%
1M
-0.24%
YTD
4.84%
6M
5.36%
1Y
17.79%
3Y*
14.80%
5Y*
8.41%
10Y*
9.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BNDX vs. VWELX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BNDX
Vanguard Total International Bond ETF		0.45%2.86%3.57%8.77%-12.76%-2.29%4.65%7.87%2.81%2.40%
VWELX
Vanguard Wellington Fund Investor Shares		4.84%16.54%14.73%14.29%-14.36%18.99%10.57%22.51%-3.43%13.98%

Correlation

The correlation between BNDX and VWELX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.41

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

0.35

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

0.31

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

0.17

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

0.12

Over the past year, BNDX and VWELX have become more correlated (0.41) than their long-term average of 0.12, meaning their price movements have been converging.

BNDX vs. VWELX - Sectors Allocation Comparison

Sectors
BNDX
VWELX

Real Estate

0.0%
2.6%

Financial Services

0.0%
10.6%

Industrials

0.0%
8.5%

Energy

0.0%
4.4%

Communication Services

0.0%
12.3%

Utilities

0.0%
2.5%

Healthcare

0.0%
9.8%

Basic Materials

-

2.1%

Consumer Cyclical

-

10.9%

Consumer Defensive

-

4.4%

Technology

-

31.8%

Real Estate

BNDX
0.0%
VWELX
2.6%

Financial Services

BNDX
0.0%
VWELX
10.6%

Industrials

BNDX
0.0%
VWELX
8.5%

Energy

BNDX
0.0%
VWELX
4.4%

Communication Services

BNDX
0.0%
VWELX
12.3%

Utilities

BNDX
0.0%
VWELX
2.5%

Healthcare

BNDX
0.0%
VWELX
9.8%

Basic Materials

BNDX

-

VWELX
2.1%

Consumer Cyclical

BNDX

-

VWELX
10.9%

Consumer Defensive

BNDX

-

VWELX
4.4%

Technology

BNDX

-

VWELX
31.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Total International Bond ETF

Vanguard Wellington Fund Investor Shares

Often compared with BNDX:
BNDX vs. BNDBNDX vs. BNDWBNDX vs. VTABXBNDX vs. IAGGBNDX vs. FBIIXBNDX vs. IGOVBNDX vs. VWOB
Often compared with VWELX:
VWELX vs. VWINXVWELX vs. VWENXVWELX vs. VBIAXVWELX vs. FBALXVWELX vs. VOOVWELX vs. PRWCXVWELX vs. VGWLX

Return for Risk

BNDX vs. VWELX — 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: 1818
Sharpe Ratio Rank
BNDX Sortino Ratio Rank: 1717
Sortino Ratio Rank
BNDX Omega Ratio Rank: 1717
Omega Ratio Rank
BNDX Calmar Ratio Rank: 1717
Calmar Ratio Rank
BNDX Martin Ratio Rank: 1818
Martin Ratio Rank
VWELX
VWELX Risk / Return Rank: 6767
Overall Rank
VWELX Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
VWELX Sortino Ratio Rank: 6666
Sortino Ratio Rank
VWELX Omega Ratio Rank: 6767
Omega Ratio Rank
VWELX Calmar Ratio Rank: 6262
Calmar Ratio Rank
VWELX Martin Ratio Rank: 7474
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. VWELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond ETF (BNDX) and Vanguard Wellington Fund Investor Shares (VWELX). 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.

BNDXVWELXDifference
Sharpe ratioReturn per unit of total volatility
0.52
2.06

-1.54

Sortino ratioReturn per unit of downside risk
0.76
2.85

-2.10

Omega ratioGain probability vs. loss probability

1.09

1.38

-0.29

Calmar ratioReturn relative to maximum drawdown

0.61

2.64

-2.03

Martin ratioReturn relative to average drawdown

1.71

12.10

-10.39

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. VWELX - Sharpe Ratio Comparison

The current BNDX Sharpe Ratio is 0.52, which is lower than the VWELX Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of BNDX and VWELX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

BNDXVWELXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.52

2.06

-1.54

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.05

0.76

-0.71

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.41

0.87

-0.46

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

0.84

-0.25

Drawdowns

BNDX vs. VWELX - Drawdown Comparison

The maximum BNDX drawdown since its inception was -16.23%, smaller than the maximum VWELX drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for BNDX and VWELX.

Loading charts...

Drawdown Indicators

BNDXVWELXDifference

Max Drawdown

Largest peak-to-trough decline

-16.23%

-36.12%

+19.89%

Max Drawdown (1Y)

Largest decline over 1 year

-2.93%

-6.78%

+3.85%

Max Drawdown (3Y)

Largest decline over 3 years

-2.93%

-11.98%

+9.05%

Max Drawdown (5Y)

Largest decline over 5 years

-15.86%

-20.88%

+5.02%

Max Drawdown (10Y)

Largest decline over 10 years

-16.23%

-25.33%

+9.10%

Current Drawdown

Current decline from peak

-1.57%

-2.12%

+0.55%

Average Drawdown

Average peak-to-trough decline

-3.10%

-3.92%

+0.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.04%

1.47%

-0.43%

Volatility

BNDX vs. VWELX - Volatility Comparison

The current volatility for Vanguard Total International Bond ETF (BNDX) is 1.46%, while Vanguard Wellington Fund Investor Shares (VWELX) has a volatility of 3.09%. This indicates that BNDX experiences smaller price fluctuations and is considered to be less risky than VWELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

BNDXVWELXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.46%

3.09%

-1.63%

Volatility (6M)

Calculated over the trailing 6-month period

2.91%

7.01%

-4.10%

Volatility (1Y)

Calculated over the trailing 1-year period

3.42%

8.68%

-5.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.88%

11.17%

-6.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.09%

11.55%

-7.46%

BNDX vs. VWELX - Expense Ratio Comparison

BNDX has a 0.07% expense ratio, which is lower than VWELX's 0.24% 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. VWELX - Dividend Comparison

BNDX's dividend yield for the trailing twelve months is around 4.50%, less than VWELX's 10.99% 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%
VWELX
Vanguard Wellington Fund Investor Shares		10.99%11.46%10.76%6.01%8.19%8.64%7.77%4.67%9.49%5.82%4.44%7.03%

Frequently Asked Questions

BNDX and VWELX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VWELX has higher volatility (3.09%) compared to BNDX (1.46%). In terms of maximum drawdown, BNDX dropped -16.23% vs VWELX's -36.12%.

VWELX currently has the higher Sharpe Ratio (2.06 vs 0.52), 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.

Portfolio Optimizer

Find the right allocation for BNDX and VWELX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer