FOPC vs. BNDX
FOPC (Frontier Asset Opportunistic Credit ETF) and BNDX (Vanguard Total International Bond ETF) are both exchange-traded funds - FOPC is a Multisector Bonds fund actively managed by Frontier, while BNDX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (Hedged). FOPC is actively managed, while BNDX is passively managed. Over the past year, FOPC returned 2.08% vs 0.83% for BNDX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. FOPC charges 0.87%/yr vs 0.07%/yr for BNDX.
Performance
FOPC vs. BNDX - Performance Comparison
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Returns By Period
In the year-to-date period, FOPC achieves a -0.10% return, which is significantly lower than BNDX's 0.22% return.
FOPC
- 1D
- -0.24%
- 1M
- -0.89%
- 6M
- -0.41%
- YTD
- -0.10%
- 1Y
- 2.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.82%
BNDX
- 1D
- -0.23%
- 1M
- -0.97%
- 6M
- -0.29%
- YTD
- 0.22%
- 1Y
- 0.83%
- 3Y*
- 4.00%
- 5Y*
- -0.07%
- 10Y*
- 1.51%
- ALL TIME*
- 2.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $159.93M | $187.29M | $236.21M | |
| $45.41K | $57.80K | $62.30K |
FOPC vs. BNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FOPC Frontier Asset Opportunistic Credit ETF | -0.10% | 6.54% | -0.20% |
BNDX Vanguard Total International Bond ETF | 0.22% | 2.86% | 0.07% |
Correlation
The correlation between FOPC and BNDX is 0.78, 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. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2024 | 0.70 |
The correlation between FOPC and BNDX has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.
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Return for Risk
FOPC vs. BNDX — Risk / Return Rank
FOPC
BNDX
FOPC vs. BNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Frontier Asset Opportunistic Credit ETF (FOPC) and Vanguard Total International Bond ETF (BNDX). 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.
| FOPC | BNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.06 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 0.41 | +0.87 |
| Martin ratioReturn relative to average drawdown | 3.68 | 1.04 | +2.64 |
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Drawdowns
FOPC vs. BNDX - Drawdown Comparison
The maximum FOPC drawdown since its inception was -2.18%, smaller than the maximum BNDX drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for FOPC and BNDX.
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Drawdown Indicators
| FOPC | BNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.18% | -16.23% | +14.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.18% | -2.93% | +0.75% |
Max Drawdown (3Y)Largest decline over 3 years | — | -2.93% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.86% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.23% | — |
Current DrawdownCurrent decline from peak | -1.52% | -1.80% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -0.47% | -3.08% | +2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 1.14% | -0.39% |
Volatility
FOPC vs. BNDX - Volatility Comparison
The current volatility for Frontier Asset Opportunistic Credit ETF (FOPC) is 0.80%, while Vanguard Total International Bond ETF (BNDX) has a volatility of 1.08%. This indicates that FOPC experiences smaller price fluctuations and is considered to be less risky than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FOPC | BNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 1.08% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.38% | 3.10% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.94% | 3.53% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.11% | 4.90% | -1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.11% | 4.09% | -0.98% |
FOPC vs. BNDX - Expense Ratio Comparison
FOPC has a 0.87% expense ratio, which is higher than BNDX's 0.07% expense ratio.
Dividends
FOPC vs. BNDX - Dividend Comparison
FOPC's dividend yield for the trailing twelve months is around 4.24%, less than BNDX's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.31% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
FOPC Frontier Asset Opportunistic Credit ETF | 4.24% | 4.42% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FOPC and BNDX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNDX has higher volatility (1.08%) compared to FOPC (0.80%). In terms of maximum drawdown, FOPC dropped -2.18% vs BNDX's -16.23%.
On 1-year performance, FOPC leads with 2.08% vs 0.83% for BNDX. On fees, BNDX is cheaper at 0.07% per year. On volatility, FOPC has been the lower-risk option at 0.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FOPC has performed better with a 2.08% return vs 0.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BNDX is cheaper with a 0.07% expense ratio, compared with 0.87% for FOPC.
BNDX has the higher dividend yield at 4.31%, compared with 4.24% for FOPC.
FOPC is categorized as Multisector Bonds, while BNDX is Global Bonds. They also come from different issuers: Frontier and Vanguard. Their fees differ too: 0.87% for FOPC and 0.07% for BNDX.
FOPC currently has the higher Sharpe Ratio (0.95 vs 0.34), 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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