GBOSX vs. BNDX
Compare and contrast key facts about JPMorgan Global Bond Opportunities Fund (GBOSX) and Vanguard Total International Bond ETF (BNDX).
GBOSX is managed by JPMorgan Chase. It was launched on Sep 3, 2012. BNDX is a passively managed fund by Vanguard that tracks the performance of the Barclays Global Aggregate ex-USD Float-Adjusted Index (Hedged). It was launched on May 31, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GBOSX or BNDX.
Key characteristics
| GBOSX | BNDX | |
|---|---|---|
| YTD Return | 0.30% | -0.31% |
| 1Y Return | 5.15% | 4.80% |
| 3Y Return (Ann) | 0.62% | -1.60% |
| 5Y Return (Ann) | 2.96% | 0.13% |
| 10Y Return (Ann) | 3.24% | 2.04% |
| Sharpe Ratio | 1.20 | 0.99 |
| Daily Std Dev | 4.09% | 4.84% |
| Max Drawdown | -11.48% | -16.23% |
| Current Drawdown | 0.00% | -7.66% |
Correlation
The correlation between GBOSX and BNDX is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GBOSX vs. BNDX - Performance Comparison
In the year-to-date period, GBOSX achieves a 0.30% return, which is significantly higher than BNDX's -0.31% return. Over the past 10 years, GBOSX has outperformed BNDX with an annualized return of 3.24%, while BNDX has yielded a comparatively lower 2.04% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GBOSX vs. BNDX - Expense Ratio Comparison
GBOSX has a 0.65% expense ratio, which is higher than BNDX's 0.07% expense ratio.
Risk-Adjusted Performance
GBOSX vs. BNDX - Risk-Adjusted Performance 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.
Dividends
GBOSX vs. BNDX - Dividend Comparison
GBOSX's dividend yield for the trailing twelve months is around 3.70%, less than BNDX's 4.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBOSX JPMorgan Global Bond Opportunities Fund | 3.70% | 3.92% | 3.68% | 2.61% | 3.53% | 4.06% | 5.74% | 3.32% | 4.80% | 5.12% | 4.52% | 2.95% |
BNDX Vanguard Total International Bond ETF | 4.65% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
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. For additional features, visit the drawdowns tool.
Volatility
GBOSX vs. BNDX - Volatility Comparison
The current volatility for JPMorgan Global Bond Opportunities Fund (GBOSX) is 1.09%, while Vanguard Total International Bond ETF (BNDX) has a volatility of 1.16%. This indicates that GBOSX 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.