CGIB vs. BNDW

Last updated Aug 2, 2026

CGIB (Capital Group International Bond ETF (USD-Hedged)) and BNDW (Vanguard Total World Bond ETF) are both Global Bonds funds. CGIB is actively managed, while BNDW is passively managed. Over the past year, CGIB returned 1.57% vs 1.26% for BNDW. Their 0.65 correlation means they have sometimes moved together and sometimes differently. CGIB charges 0.45%/yr vs 0.05%/yr for BNDW.

Performance

CGIB vs. BNDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group International Bond ETF (USD-Hedged) (CGIB) and Vanguard Total World Bond ETF (BNDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGIB achieves a 0.36% return, which is significantly higher than BNDW's -0.20% return.

CGIB

• 1D: -0.22%
• 1M: -0.77%
• 6M: -0.21%
• YTD: 0.36%
• 1Y: 1.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.59%

BNDW

• 1D: -0.28%
• 1M: -1.09%
• 6M: -0.59%
• YTD: -0.20%
• 1Y: 1.26%
• 3Y*: 3.97%
• 5Y*: -0.25%
• 10Y*: —
• ALL TIME*: 1.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BNDW Vanguard Total World Bond ETF	$6.34M	$6.07M	$7.03M
CGIB Capital Group International Bond ETF (USD-Hedged)	$4.42M	$3.64M	$2.75M

CGIB vs. BNDW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CGIB Capital Group International Bond ETF (USD-Hedged)	0.36%	4.72%	2.44%
BNDW Vanguard Total World Bond ETF	-0.20%	5.02%	2.79%

Correlation

The correlation between CGIB and BNDW is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024	0.65

The correlation between CGIB and BNDW has been stable across timeframes, ranging from 0.65 to 0.67 - a consistent structural relationship.

Return for Risk

CGIB vs. BNDW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CGIB

CGIB Risk / Return Rank: 22
CGIB Sharpe Ratio Rank: 22
CGIB Sortino Ratio Rank: 21
CGIB Omega Ratio Rank: 20
CGIB Calmar Ratio Rank: 24
CGIB Martin Ratio Rank: 24

BNDW

BNDW Risk / Return Rank: 23
BNDW Sharpe Ratio Rank: 24
BNDW Sortino Ratio Rank: 22
BNDW Omega Ratio Rank: 21
BNDW Calmar Ratio Rank: 23
BNDW Martin Ratio Rank: 23

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CGIB vs. BNDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group International Bond ETF (USD-Hedged) (CGIB) and Vanguard Total World Bond ETF (BNDW). 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.

	CGIB	BNDW	Difference
Sharpe ratio: Return per unit of total volatility	0.48	0.55	-0.07
Sortino ratio: Return per unit of downside risk	0.73	0.79	-0.06
Omega ratio: Gain probability vs. loss probability	1.09	1.09	-0.01
Calmar ratio: Return relative to maximum drawdown	0.69	0.69	0.00
Martin ratio: Return relative to average drawdown	1.71	1.67	+0.03

CGIB vs. BNDW - Sharpe Ratio Comparison

The current CGIB Sharpe Ratio is 0.48, which is comparable to the BNDW Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of CGIB and BNDW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CGIB vs. BNDW - Drawdown Comparison

The maximum CGIB drawdown since its inception was -2.68%, smaller than the maximum BNDW drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for CGIB and BNDW.

Drawdown Indicators

	CGIB	BNDW	Difference
Max Drawdown Largest peak-to-trough decline	-2.68%	-17.22%	+14.54%
Max Drawdown (1Y) Largest decline over 1 year	-2.68%	-2.70%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	—	-3.57%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.93%	—
Current Drawdown Current decline from peak	-1.24%	-2.14%	+0.90%
Average Drawdown Average peak-to-trough decline	-0.71%	-4.90%	+4.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	1.11%	-0.03%

Volatility

CGIB vs. BNDW - Volatility Comparison

Capital Group International Bond ETF (USD-Hedged) (CGIB) and Vanguard Total World Bond ETF (BNDW) have volatilities of 0.97% and 0.96%, 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.

Volatility by Period

	CGIB	BNDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.97%	0.96%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	3.05%	2.82%	+0.23%
Volatility (1Y) Calculated over the trailing 1-year period	3.87%	3.38%	+0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.74%	5.22%	-1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.74%	4.88%	-1.14%

CGIB vs. BNDW - Expense Ratio Comparison

CGIB has a 0.45% expense ratio, which is higher than BNDW's 0.05% expense ratio.

Dividends

CGIB vs. BNDW - Dividend Comparison

CGIB's dividend yield for the trailing twelve months is around 1.45%, less than BNDW's 4.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BNDW Vanguard Total World Bond ETF	3.99%	4.12%	3.90%	3.73%	2.02%	2.58%	1.56%	3.05%	1.66%
CGIB Capital Group International Bond ETF (USD-Hedged)	1.45%	4.26%	1.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CGIB and BNDW in my portfolio?

CGIB and BNDW have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGIB or BNDW?

CGIB has higher volatility (0.97%) compared to BNDW (0.96%). In terms of maximum drawdown, CGIB dropped -2.68% vs BNDW's -17.22%.

Which ETF is better, CGIB or BNDW?

On 1-year performance, CGIB leads with 1.57% vs 1.26% for BNDW. On fees, BNDW is cheaper at 0.05% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGIB or BNDW?

Over the 1-year period, CGIB has performed better with a 1.57% return vs 1.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGIB or BNDW?

BNDW is cheaper with a 0.05% expense ratio, compared with 0.45% for CGIB.

Which ETF pays a higher dividend yield, CGIB or BNDW?

BNDW has the higher dividend yield at 3.99%, compared with 1.45% for CGIB.

What is the main difference between CGIB and BNDW?

They also come from different issuers: Capital Group and Vanguard. Their fees differ too: 0.45% for CGIB and 0.05% for BNDW.

Which has better risk-adjusted returns?

BNDW currently has the higher Sharpe Ratio (0.55 vs 0.48), 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.