GIGB vs. BNDX
GIGB (Goldman Sachs Access Investment Grade Corporate Bond ETF) and BNDX (Vanguard Total International Bond ETF) are both exchange-traded funds - GIGB is a Corporate Bonds fund tracking the FTSE Goldman Sachs Investment Grade Corporate Bond Index, while BNDX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). Both are passively managed. Over the past 5 years, GIGB returned 0.28%/yr vs 0.42%/yr for BNDX. A 0.71 correlation means they provide meaningful diversification when combined. GIGB charges 0.14%/yr vs 0.07%/yr for BNDX.
Performance
GIGB vs. BNDX - Performance Comparison
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Returns By Period
In the year-to-date period, GIGB achieves a 0.76% return, which is significantly lower than BNDX's 1.04% return.
GIGB
- 1D
- -0.27%
- 1M
- 0.60%
- YTD
- 0.76%
- 6M
- 0.88%
- 1Y
- 5.25%
- 3Y*
- 5.01%
- 5Y*
- 0.28%
- 10Y*
- —
BNDX
- 1D
- -0.17%
- 1M
- 0.67%
- YTD
- 1.04%
- 6M
- 1.23%
- 1Y
- 2.08%
- 3Y*
- 4.14%
- 5Y*
- 0.42%
- 10Y*
- 1.72%
GIGB vs. BNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF | 0.76% | 7.58% | 1.68% | 8.80% | -15.80% | -1.64% | 9.86% | 15.05% | -2.76% | 2.45% |
BNDX Vanguard Total International Bond ETF | 1.04% | 2.86% | 3.57% | 8.77% | -12.76% | -2.29% | 4.65% | 7.87% | 2.81% | 1.27% |
Correlation
The correlation between GIGB and BNDX is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2017 | 0.71 |
The correlation between GIGB and BNDX has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.
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Return for Risk
GIGB vs. BNDX — Risk / Return Rank
GIGB
BNDX
GIGB vs. BNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) 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.
| GIGB | BNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.11 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 0.71 | +1.13 |
| Martin ratioReturn relative to average drawdown | 5.69 | 1.97 | +3.72 |
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Drawdowns
GIGB vs. BNDX - Drawdown Comparison
The maximum GIGB drawdown since its inception was -22.25%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for GIGB and BNDX.
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Drawdown Indicators
| GIGB | BNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.25% | -16.23% | -6.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -2.93% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -6.69% | -2.93% | -3.76% |
Max Drawdown (5Y)Largest decline over 5 years | -22.25% | -15.86% | -6.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.23% | — |
Current DrawdownCurrent decline from peak | -0.87% | -1.00% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -5.59% | -3.10% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.06% | -0.13% |
Volatility
GIGB vs. BNDX - Volatility Comparison
Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) has a higher volatility of 1.14% compared to Vanguard Total International Bond ETF (BNDX) at 0.96%. This indicates that GIGB'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
| GIGB | BNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 0.96% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 2.97% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.28% | 3.46% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.25% | 4.89% | +2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 4.10% | +3.55% |
GIGB vs. BNDX - Expense Ratio Comparison
GIGB has a 0.14% expense ratio, which is higher than BNDX's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GIGB vs. BNDX - Dividend Comparison
GIGB's dividend yield for the trailing twelve months is around 4.61%, more than BNDX's 4.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.47% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF | 4.61% | 4.69% | 4.45% | 3.67% | 3.12% | 2.25% | 2.62% | 3.22% | 3.31% | 1.55% | 0.00% | 0.00% |
Frequently Asked Questions
GIGB and BNDX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GIGB has higher volatility (1.14%) compared to BNDX (0.96%). In terms of maximum drawdown, GIGB dropped -22.25% vs BNDX's -16.23%.
On 5-year performance, BNDX leads with 0.42% vs 0.28% for GIGB. On fees, BNDX is cheaper at 0.07% per year. On volatility, BNDX has been the lower-risk option at 0.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BNDX has performed better with a 0.42% return vs 0.28%. 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 0.14% for GIGB.
GIGB has the higher dividend yield at 4.61%, compared with 4.47% for BNDX.
GIGB is categorized as Corporate Bonds, while BNDX is Global Bonds. GIGB tracks FTSE Goldman Sachs Investment Grade Corporate Bond Index, while BNDX tracks Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). They also come from different issuers: Goldman Sachs and Vanguard. Their fees differ too: 0.14% for GIGB and 0.07% for BNDX.
GIGB currently has the higher Sharpe Ratio (1.24 vs 0.61), 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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