IAGG vs. BNDX
Compare and contrast key facts about iShares Core International Aggregate Bond ETF (IAGG) and Vanguard Total International Bond ETF (BNDX).
IAGG and BNDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IAGG is a passively managed fund by iShares that tracks the performance of the Barclays Global Aggregate ex USD 10% Issuer Capped (Hedged) Index. It was launched on Nov 10, 2015. 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. Both IAGG and BNDX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IAGG or BNDX.
Key characteristics
| IAGG | BNDX | |
|---|---|---|
| YTD Return | -0.54% | -1.41% |
| 1Y Return | 4.22% | 3.10% |
| 3Y Return (Ann) | -1.10% | -2.13% |
| 5Y Return (Ann) | 0.69% | 0.01% |
| Sharpe Ratio | 1.10 | 0.81 |
| Daily Std Dev | 4.52% | 4.90% |
| Max Drawdown | -13.88% | -16.23% |
| Current Drawdown | -5.62% | -8.68% |
Correlation
The correlation between IAGG and BNDX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IAGG vs. BNDX - Performance Comparison
In the year-to-date period, IAGG achieves a -0.54% return, which is significantly higher than BNDX's -1.41% 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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IAGG vs. BNDX - Expense Ratio Comparison
IAGG has a 0.09% 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%.
Risk-Adjusted Performance
IAGG vs. BNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core International Aggregate Bond ETF (IAGG) 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
IAGG vs. BNDX - Dividend Comparison
IAGG's dividend yield for the trailing twelve months is around 3.57%, less than BNDX's 4.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAGG iShares Core International Aggregate Bond ETF | 3.57% | 3.55% | 2.27% | 1.16% | 1.95% | 2.81% | 3.02% | 1.74% | 1.56% | 0.13% | 0.00% | 0.00% |
BNDX Vanguard Total International Bond ETF | 4.69% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
Drawdowns
IAGG vs. BNDX - Drawdown Comparison
The maximum IAGG drawdown since its inception was -13.88%, smaller than the maximum BNDX drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for IAGG and BNDX. For additional features, visit the drawdowns tool.
Volatility
IAGG vs. BNDX - Volatility Comparison
iShares Core International Aggregate Bond ETF (IAGG) and Vanguard Total International Bond ETF (BNDX) have volatilities of 1.19% and 1.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.