IEAC.AS vs. BNDX
Compare and contrast key facts about iShares Core € Corp Bond UCITS ETF (IEAC.AS) and Vanguard Total International Bond ETF (BNDX).
IEAC.AS and BNDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEAC.AS is a passively managed fund by iShares that tracks the performance of the Bloomberg Euro Corporate Bond Index. It was launched on Mar 6, 2009. 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 IEAC.AS 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: IEAC.AS or BNDX.
Key characteristics
| IEAC.AS | BNDX | |
|---|---|---|
| YTD Return | -1.83% | -0.67% |
| 1Y Return | 3.28% | 3.93% |
| 3Y Return (Ann) | -2.97% | -1.93% |
| 5Y Return (Ann) | -1.05% | 0.16% |
| 10Y Return (Ann) | 0.75% | 2.04% |
| Sharpe Ratio | 0.88 | 0.81 |
| Daily Std Dev | 4.31% | 4.85% |
| Max Drawdown | -17.26% | -16.23% |
| Current Drawdown | -10.17% | -8.00% |
Correlation
The correlation between IEAC.AS and BNDX is 0.26, 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
IEAC.AS vs. BNDX - Performance Comparison
In the year-to-date period, IEAC.AS achieves a -1.83% return, which is significantly lower than BNDX's -0.67% return. Over the past 10 years, IEAC.AS has underperformed BNDX with an annualized return of 0.75%, while BNDX has yielded a comparatively higher 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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IEAC.AS vs. BNDX - Expense Ratio Comparison
IEAC.AS has a 0.20% 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
IEAC.AS vs. BNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core € Corp Bond UCITS ETF (IEAC.AS) 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
IEAC.AS vs. BNDX - Dividend Comparison
IEAC.AS's dividend yield for the trailing twelve months is around 3.21%, less than BNDX's 4.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEAC.AS iShares Core € Corp Bond UCITS ETF | 3.21% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% | 2.22% | 2.62% |
BNDX Vanguard Total International Bond ETF | 4.66% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
Drawdowns
IEAC.AS vs. BNDX - Drawdown Comparison
The maximum IEAC.AS drawdown since its inception was -17.26%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for IEAC.AS and BNDX. For additional features, visit the drawdowns tool.
Volatility
IEAC.AS vs. BNDX - Volatility Comparison
iShares Core € Corp Bond UCITS ETF (IEAC.AS) has a higher volatility of 2.39% compared to Vanguard Total International Bond ETF (BNDX) at 1.26%. This indicates that IEAC.AS'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.