EWT vs. BND
EWT (iShares MSCI Taiwan ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - EWT is a Asia Pacific Equities fund tracking the MSCI Taiwan Index, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 10 years, EWT returned 19.56%/yr vs 1.58%/yr for BND. At a correlation of -0.08, they often move in opposite directions. EWT charges 0.59%/yr vs 0.03%/yr for BND.
Performance
EWT vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, EWT achieves a 61.53% return, which is significantly higher than BND's 0.52% return. Over the past 10 years, EWT has outperformed BND with an annualized return of 19.56%, while BND has yielded a comparatively lower 1.58% annualized return.
EWT
- 1D
- 0.17%
- 1M
- 7.48%
- YTD
- 61.53%
- 6M
- 67.45%
- 1Y
- 92.18%
- 3Y*
- 34.98%
- 5Y*
- 17.48%
- 10Y*
- 19.56%
BND
- 1D
- -0.12%
- 1M
- 0.45%
- YTD
- 0.52%
- 6M
- 0.91%
- 1Y
- 4.77%
- 3Y*
- 4.17%
- 5Y*
- 0.03%
- 10Y*
- 1.58%
EWT vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EWT iShares MSCI Taiwan ETF | 61.53% | 28.38% | 16.11% | 23.97% | -28.90% | 26.18% | 31.50% | 33.36% | -9.90% | 26.81% |
BND Vanguard Total Bond Market ETF | 0.52% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between EWT and BND is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007 | -0.08 |
The correlation between EWT and BND shifts across timeframes, from -0.08 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EWT vs. BND — Risk / Return Rank
EWT
BND
EWT vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Taiwan ETF (EWT) and Vanguard Total Bond Market ETF (BND). 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.
| EWT | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.17 | ||
| Sortino ratioReturn per unit of downside risk | +2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.21 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 8.53 | 1.65 | +6.88 |
| Martin ratioReturn relative to average drawdown | 25.15 | 4.81 | +20.34 |
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Drawdowns
EWT vs. BND - Drawdown Comparison
The maximum EWT drawdown since its inception was -64.37%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for EWT and BND.
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Drawdown Indicators
| EWT | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.37% | -18.58% | -45.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.51% | -2.68% | -7.83% |
Max Drawdown (3Y)Largest decline over 3 years | -25.66% | -5.92% | -19.74% |
Max Drawdown (5Y)Largest decline over 5 years | -38.88% | -17.91% | -20.97% |
Max Drawdown (10Y)Largest decline over 10 years | -38.88% | -18.58% | -20.30% |
Current DrawdownCurrent decline from peak | -4.19% | -2.12% | -2.07% |
Average DrawdownAverage peak-to-trough decline | -19.21% | -3.06% | -16.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 0.92% | +2.64% |
Volatility
EWT vs. BND - Volatility Comparison
iShares MSCI Taiwan ETF (EWT) has a higher volatility of 13.55% compared to Vanguard Total Bond Market ETF (BND) at 1.28%. This indicates that EWT's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWT | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.55% | 1.28% | +12.27% |
Volatility (6M)Calculated over the trailing 6-month period | 22.68% | 2.74% | +19.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.75% | 3.75% | +23.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.95% | 6.03% | +16.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.78% | 5.53% | +16.25% |
EWT vs. BND - Expense Ratio Comparison
EWT has a 0.59% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
EWT vs. BND - Dividend Comparison
EWT's dividend yield for the trailing twelve months is around 2.74%, less than BND's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.96% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
EWT iShares MSCI Taiwan ETF | 2.74% | 4.43% | 3.32% | 8.12% | 18.82% | 0.55% | 1.83% | 2.49% | 3.16% | 2.81% | 2.39% | 3.12% |
Frequently Asked Questions
EWT and BND have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWT has higher volatility (13.55%) compared to BND (1.28%). In terms of maximum drawdown, EWT dropped -64.37% vs BND's -18.58%.
On 10-year performance, EWT leads with 19.56% vs 1.58% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EWT has performed better with a 19.56% return vs 1.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.59% for EWT.
BND has the higher dividend yield at 3.96%, compared with 2.74% for EWT.
EWT is categorized as Asia Pacific Equities, while BND is Total Bond Market. EWT tracks MSCI Taiwan Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.59% for EWT and 0.03% for BND.
EWT currently has the higher Sharpe Ratio (3.36 vs 1.18), 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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