PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IGF vs. BNDX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IGF vs. BNDX

Last updated Jun 13, 2026

IGF (iShares Global Infrastructure ETF) and BNDX (Vanguard Total International Bond ETF) are both exchange-traded funds - IGF is a Industrials Equities fund tracking the S&P Global Infrastructure 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 10 years, IGF returned 8.67%/yr vs 1.72%/yr for BNDX. At a 0.12 correlation, their price movements are largely independent. IGF charges 0.39%/yr vs 0.07%/yr for BNDX.

Performance

IGF vs. BNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Infrastructure ETF (IGF) and Vanguard Total International Bond ETF (BNDX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IGF achieves a 9.68% return, which is significantly higher than BNDX's 1.02% return. Over the past 10 years, IGF has outperformed BNDX with an annualized return of 8.67%, while BNDX has yielded a comparatively lower 1.72% annualized return.

IGF

1D
0.67%
1M
0.31%
YTD
9.68%
6M
10.24%
1Y
16.24%
3Y*
16.28%
5Y*
10.22%
10Y*
8.67%

BNDX

1D
0.17%
1M
0.99%
YTD
1.02%
6M
1.22%
1Y
1.94%
3Y*
4.32%
5Y*
0.32%
10Y*
1.72%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IGF vs. BNDX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IGF
iShares Global Infrastructure ETF		9.68%21.31%14.81%6.14%-1.26%11.57%-6.50%25.82%-9.95%19.31%
BNDX
Vanguard Total International Bond ETF		1.02%2.86%3.57%8.77%-12.76%-2.29%4.65%7.87%2.81%2.40%

Correlation

The correlation between IGF and BNDX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.41

Correlation (3Y)
Calculated over the trailing 3-year period

0.33

Correlation (5Y)
Calculated over the trailing 5-year period

0.25

Correlation (10Y)
Calculated over the trailing 10-year period

0.17

Correlation (All Time)
Calculated using the full available price history since Jun 4, 2013

0.12

Over the past year, IGF and BNDX have become more correlated (0.41) than their long-term average of 0.12, meaning their price movements have been converging.

IGF vs. BNDX - Sectors Allocation Comparison

Sectors
IGF
BNDX

Utilities

41.1%
0.0%

Industrials

38.8%
0.0%

Energy

20.1%
0.0%

Real Estate

0.1%
0.0%

Basic Materials

-

-

Communication Services

-

0.0%

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

0.0%

Healthcare

-

0.0%

Technology

-

-

Utilities

IGF
41.1%
BNDX
0.0%

Industrials

IGF
38.8%
BNDX
0.0%

Energy

IGF
20.1%
BNDX
0.0%

Real Estate

IGF
0.1%
BNDX
0.0%

Basic Materials

IGF

-

BNDX

-

Communication Services

IGF

-

BNDX
0.0%

Consumer Cyclical

IGF

-

BNDX

-

Consumer Defensive

IGF

-

BNDX

-

Financial Services

IGF

-

BNDX
0.0%

Healthcare

IGF

-

BNDX
0.0%

Technology

IGF

-

BNDX

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Global Infrastructure ETF

Vanguard Total International Bond ETF

Often compared with IGF:
IGF vs. IFRAIGF vs. GIIIGF vs. NFRAIGF vs. SPYIGF vs. GLIFXIGF vs. VPUIGF vs. XLU
Often compared with BNDX:
BNDX vs. BNDBNDX vs. BNDWBNDX vs. VTABXBNDX vs. IAGGBNDX vs. FBIIXBNDX vs. IGOVBNDX vs. VWOB

Return for Risk

IGF vs. BNDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IGF
IGF Risk / Return Rank: 5454
Overall Rank
IGF Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
IGF Sortino Ratio Rank: 5252
Sortino Ratio Rank
IGF Omega Ratio Rank: 4949
Omega Ratio Rank
IGF Calmar Ratio Rank: 6464
Calmar Ratio Rank
IGF Martin Ratio Rank: 5353
Martin Ratio Rank
BNDX
BNDX Risk / Return Rank: 1818
Overall Rank
BNDX Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
BNDX Sortino Ratio Rank: 1818
Sortino Ratio Rank
BNDX Omega Ratio Rank: 1818
Omega Ratio Rank
BNDX Calmar Ratio Rank: 1818
Calmar Ratio Rank
BNDX Martin Ratio Rank: 1919
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IGF vs. BNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure ETF (IGF) 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.

IGFBNDXDifference
Sharpe ratioReturn per unit of total volatility
1.55
0.56

+0.98

Sortino ratioReturn per unit of downside risk
2.22
0.82

+1.40

Omega ratioGain probability vs. loss probability

1.27

1.10

+0.17

Calmar ratioReturn relative to maximum drawdown

2.78

0.66

+2.12

Martin ratioReturn relative to average drawdown

8.03

1.84

+6.19

IGF vs. BNDX - Sharpe Ratio Comparison

The current IGF Sharpe Ratio is 1.55, which is higher than the BNDX Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of IGF and BNDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

IGF vs. BNDX - Drawdown Comparison

The maximum IGF drawdown since its inception was -58.33%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for IGF and BNDX.

Loading charts...

Drawdown Indicators

IGFBNDXDifference

Max Drawdown

Largest peak-to-trough decline

-58.33%

-16.23%

-42.10%

Max Drawdown (1Y)

Largest decline over 1 year

-5.87%

-2.93%

-2.94%

Max Drawdown (3Y)

Largest decline over 3 years

-14.28%

-2.93%

-11.35%

Max Drawdown (5Y)

Largest decline over 5 years

-20.83%

-15.86%

-4.97%

Max Drawdown (10Y)

Largest decline over 10 years

-42.11%

-16.23%

-25.88%

Current Drawdown

Current decline from peak

-2.98%

-1.02%

-1.96%

Average Drawdown

Average peak-to-trough decline

-11.86%

-3.10%

-8.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.04%

1.05%

+0.99%

Volatility

IGF vs. BNDX - Volatility Comparison

iShares Global Infrastructure ETF (IGF) has a higher volatility of 3.85% compared to Vanguard Total International Bond ETF (BNDX) at 1.49%. This indicates that IGF'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.

Loading charts...

Volatility by Period

IGFBNDXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.85%

1.49%

+2.36%

Volatility (6M)

Calculated over the trailing 6-month period

8.73%

2.96%

+5.77%

Volatility (1Y)

Calculated over the trailing 1-year period

10.58%

3.47%

+7.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.00%

4.89%

+9.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.83%

4.10%

+12.73%

IGF vs. BNDX - Expense Ratio Comparison

IGF has a 0.39% expense ratio, which is higher than BNDX's 0.07% expense ratio.

Dividends

IGF vs. BNDX - Dividend Comparison

IGF's dividend yield for the trailing twelve months is around 2.94%, less than BNDX's 4.47% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IGF
iShares Global Infrastructure ETF		2.94%3.23%3.21%3.36%2.67%2.42%2.33%3.27%3.52%2.95%2.98%3.25%

Frequently Asked Questions

IGF and BNDX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IGF has higher volatility (3.85%) compared to BNDX (1.49%). In terms of maximum drawdown, IGF dropped -58.33% vs BNDX's -16.23%.

On 10-year performance, IGF leads with 8.67% vs 1.72% for BNDX. On fees, BNDX is cheaper at 0.07% per year. On volatility, BNDX has been the lower-risk option at 1.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IGF has performed better with a 8.67% return vs 1.72%. 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 0.39% for IGF.

BNDX has the higher dividend yield at 4.47%, compared with 2.94% for IGF.

IGF is categorized as Industrials Equities, while BNDX is Global Bonds. IGF tracks S&P Global Infrastructure Index, while BNDX tracks Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.39% for IGF and 0.07% for BNDX.

IGF currently has the higher Sharpe Ratio (1.55 vs 0.56), 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.

Portfolio Optimizer

Find the right allocation for IGF and BNDX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer