ERNXY vs. BNDW

Last updated Jun 4, 2026

ERNXY (Euronext N.V) is a stock, while BNDW (Vanguard Total World Bond ETF) is Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted Composite Index. Over the past 5 years, ERNXY returned 10.04%/yr vs 0.22%/yr for BNDW. At a 0.08 correlation, their price movements are largely independent.

Performance

ERNXY vs. BNDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Euronext N.V (ERNXY) 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, ERNXY achieves a 4.21% return, which is significantly higher than BNDW's 0.42% return.

ERNXY

• 1D: -9.11%
• 1M: -13.42%
• YTD: 4.21%
• 6M: 7.74%
• 1Y: -1.33%
• 3Y*: 33.12%
• 5Y*: 10.04%
• 10Y*: —

BNDW

• 1D: -0.26%
• 1M: 0.44%
• YTD: 0.42%
• 6M: 0.18%
• 1Y: 3.51%
• 3Y*: 3.99%
• 5Y*: 0.22%
• 10Y*: —

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

ERNXY vs. BNDW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ERNXY Euronext N.V	4.21%	41.92%	33.28%	15.25%	-15.99%	-10.67%
BNDW Vanguard Total World Bond ETF	0.42%	5.02%	2.42%	7.18%	-12.88%	0.82%

Correlation

The correlation between ERNXY and BNDW is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021	0.08

Return for Risk

ERNXY vs. BNDW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ERNXY

ERNXY Risk / Return Rank: 38
ERNXY Sharpe Ratio Rank: 40
ERNXY Sortino Ratio Rank: 38
ERNXY Omega Ratio Rank: 38
ERNXY Calmar Ratio Rank: 39
ERNXY Martin Ratio Rank: 38

BNDW

BNDW Risk / Return Rank: 27
BNDW Sharpe Ratio Rank: 28
BNDW Sortino Ratio Rank: 27
BNDW Omega Ratio Rank: 26
BNDW Calmar Ratio Rank: 27
BNDW Martin Ratio Rank: 26

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.

ERNXY vs. BNDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Euronext N.V (ERNXY) 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.

	ERNXY	BNDW	Difference
Sharpe ratio Return per unit of total volatility	-0.03	1.05	-1.07
Sortino ratio Return per unit of downside risk	0.33	1.50	-1.17
Omega ratio Gain probability vs. loss probability	1.04	1.18	-0.14
Calmar ratio Return relative to maximum drawdown	-0.05	1.31	-1.35
Martin ratio Return relative to average drawdown	-0.09	3.70	-3.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ERNXY vs. BNDW - Sharpe Ratio Comparison

The current ERNXY Sharpe Ratio is -0.03, which is lower than the BNDW Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of ERNXY 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.

Sharpe Ratios by Period

	ERNXY	BNDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.03	1.05	-1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.04	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.37	-0.14

Drawdowns

ERNXY vs. BNDW - Drawdown Comparison

The maximum ERNXY drawdown since its inception was -45.40%, which is greater than BNDW's maximum drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for ERNXY and BNDW.

Drawdown Indicators

	ERNXY	BNDW	Difference
Max Drawdown Largest peak-to-trough decline	-45.40%	-17.22%	-28.18%
Max Drawdown (1Y) Largest decline over 1 year	-29.19%	-2.70%	-26.49%
Max Drawdown (3Y) Largest decline over 3 years	-29.19%	-4.27%	-24.92%
Max Drawdown (5Y) Largest decline over 5 years	-45.40%	-16.93%	-28.47%
Current Drawdown Current decline from peak	-29.19%	-1.53%	-27.66%
Average Drawdown Average peak-to-trough decline	-13.45%	-4.98%	-8.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.10%	0.95%	+13.15%

Volatility

ERNXY vs. BNDW - Volatility Comparison

Euronext N.V (ERNXY) has a higher volatility of 31.61% compared to Vanguard Total World Bond ETF (BNDW) at 1.31%. This indicates that ERNXY's price experiences larger fluctuations and is considered to be riskier than BNDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ERNXY	BNDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.61%	1.31%	+30.30%
Volatility (6M) Calculated over the trailing 6-month period	45.25%	2.62%	+42.63%
Volatility (1Y) Calculated over the trailing 1-year period	52.08%	3.36%	+48.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.13%	5.21%	+42.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.34%	4.90%	+42.44%

Dividends

ERNXY vs. BNDW - Dividend Comparison

ERNXY's dividend yield for the trailing twelve months is around 2.42%, less than BNDW's 4.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BNDW Vanguard Total World Bond ETF	4.21%	4.12%	3.90%	3.73%	2.02%	2.58%	1.56%	3.05%	1.66%
ERNXY Euronext N.V	2.42%	2.17%	1.90%	2.91%	2.75%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ERNXY and BNDW in my portfolio?

ERNXY and BNDW have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ERNXY or BNDW?

ERNXY has higher volatility (31.61%) compared to BNDW (1.31%). In terms of maximum drawdown, ERNXY dropped -45.40% vs BNDW's -17.22%.

Which has better risk-adjusted returns?

BNDW currently has the higher Sharpe Ratio (1.05 vs -0.03), 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.