GBOSX vs. BNDX
GBOSX (JPMorgan Global Bond Opportunities Fund) and BNDX (Vanguard Total International Bond ETF) are both funds - GBOSX is a Multisector Bonds fund managed by JPMorgan, while BNDX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). Over the past 10 years, GBOSX returned 4.01%/yr vs 1.74%/yr for BNDX. At a 0.35 correlation, their price movements are largely independent. GBOSX charges 0.65%/yr vs 0.07%/yr for BNDX.
Performance
GBOSX vs. BNDX - Performance Comparison
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Returns By Period
In the year-to-date period, GBOSX achieves a 1.14% return, which is significantly lower than BNDX's 1.27% return. Over the past 10 years, GBOSX has outperformed BNDX with an annualized return of 4.01%, while BNDX has yielded a comparatively lower 1.74% annualized return.
GBOSX
- 1D
- -0.20%
- 1M
- 1.02%
- YTD
- 1.14%
- 6M
- 1.51%
- 1Y
- 5.56%
- 3Y*
- 5.83%
- 5Y*
- 2.67%
- 10Y*
- 4.01%
BNDX
- 1D
- 0.23%
- 1M
- 0.90%
- YTD
- 1.27%
- 6M
- 1.25%
- 1Y
- 2.23%
- 3Y*
- 4.22%
- 5Y*
- 0.46%
- 10Y*
- 1.74%
GBOSX vs. BNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBOSX JPMorgan Global Bond Opportunities Fund | 1.14% | 7.90% | 3.53% | 6.96% | -6.04% | 1.37% | 7.77% | 10.57% | -1.89% | 6.72% |
BNDX Vanguard Total International Bond ETF | 1.27% | 2.86% | 3.57% | 8.77% | -12.76% | -2.29% | 4.65% | 7.87% | 2.81% | 2.40% |
Correlation
The correlation between GBOSX and BNDX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2013 | 0.35 |
Over the past year, GBOSX and BNDX have become more correlated (0.70) than their long-term average of 0.35, meaning their price movements have been converging.
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Return for Risk
GBOSX vs. BNDX — Risk / Return Rank
GBOSX
BNDX
GBOSX vs. BNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Bond Opportunities Fund (GBOSX) 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.
| GBOSX | BNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.12 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 0.76 | +0.72 |
| Martin ratioReturn relative to average drawdown | 5.14 | 2.11 | +3.04 |
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Drawdowns
GBOSX vs. BNDX - Drawdown Comparison
The maximum GBOSX drawdown since its inception was -11.48%, smaller than the maximum BNDX drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for GBOSX and BNDX.
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Drawdown Indicators
| GBOSX | BNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.48% | -16.23% | +4.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -2.93% | -0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -3.90% | -2.93% | -0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -10.86% | -15.86% | +5.00% |
Max Drawdown (10Y)Largest decline over 10 years | -11.48% | -16.23% | +4.75% |
Current DrawdownCurrent decline from peak | -0.63% | -0.77% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -1.51% | -3.10% | +1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 1.06% | +0.07% |
Volatility
GBOSX vs. BNDX - Volatility Comparison
JPMorgan Global Bond Opportunities Fund (GBOSX) has a higher volatility of 1.16% compared to Vanguard Total International Bond ETF (BNDX) at 0.97%. This indicates that GBOSX's price experiences larger fluctuations and is considered to be riskier 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
| GBOSX | BNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 0.97% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.35% | 2.98% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 3.46% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.73% | 4.89% | -1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.48% | 4.09% | -0.61% |
GBOSX vs. BNDX - Expense Ratio Comparison
GBOSX has a 0.65% expense ratio, which is higher than BNDX's 0.07% expense ratio.
Dividends
GBOSX vs. BNDX - Dividend Comparison
GBOSX's dividend yield for the trailing twelve months is around 4.72%, more than BNDX's 4.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.46% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
GBOSX JPMorgan Global Bond Opportunities Fund | 4.72% | 4.79% | 4.41% | 3.92% | 3.68% | 2.61% | 3.29% | 4.06% | 5.74% | 3.32% | 4.80% | 5.12% |
Frequently Asked Questions
GBOSX and BNDX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GBOSX has higher volatility (1.16%) compared to BNDX (0.97%). In terms of maximum drawdown, GBOSX dropped -11.48% vs BNDX's -16.23%.
GBOSX currently has the higher Sharpe Ratio (1.53 vs 0.65), 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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