IGIB vs. BNDX
IGIB (iShares Intermediate-Term Corporate Bond ETF) and BNDX (Vanguard Total International Bond ETF) are both exchange-traded funds - IGIB is a Corporate Bonds fund tracking the Bloomberg Barclays U.S. Intermediate Credit 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, IGIB returned 3.04%/yr vs 1.72%/yr for BNDX. A 0.68 correlation means they provide meaningful diversification when combined. IGIB charges 0.06%/yr vs 0.07%/yr for BNDX.
Performance
IGIB vs. BNDX - Performance Comparison
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Returns By Period
In the year-to-date period, IGIB achieves a 0.42% return, which is significantly lower than BNDX's 1.02% return. Over the past 10 years, IGIB has outperformed BNDX with an annualized return of 3.04%, while BNDX has yielded a comparatively lower 1.72% annualized return.
IGIB
- 1D
- -0.06%
- 1M
- 0.31%
- YTD
- 0.42%
- 6M
- 0.91%
- 1Y
- 5.66%
- 3Y*
- 6.55%
- 5Y*
- 1.27%
- 10Y*
- 3.04%
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%
IGIB vs. BNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGIB iShares Intermediate-Term Corporate Bond ETF | 0.42% | 9.58% | 3.49% | 9.22% | -14.00% | -1.66% | 9.64% | 14.60% | -0.71% | 3.50% |
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 IGIB and BNDX is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2013 | 0.68 |
The correlation between IGIB and BNDX shifts across timeframes, from 0.68 (all time) to 0.80 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGIB vs. BNDX — Risk / Return Rank
IGIB
BNDX
IGIB vs. BNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Intermediate-Term Corporate Bond ETF (IGIB) 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.
| IGIB | BNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.10 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 0.66 | +1.22 |
| Martin ratioReturn relative to average drawdown | 6.18 | 1.84 | +4.34 |
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Drawdowns
IGIB vs. BNDX - Drawdown Comparison
The maximum IGIB drawdown since its inception was -20.62%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for IGIB and BNDX.
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Drawdown Indicators
| IGIB | BNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.62% | -16.23% | -4.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -2.93% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -2.93% | -3.12% |
Max Drawdown (5Y)Largest decline over 5 years | -20.62% | -15.86% | -4.76% |
Max Drawdown (10Y)Largest decline over 10 years | -20.62% | -16.23% | -4.39% |
Current DrawdownCurrent decline from peak | -1.13% | -1.02% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -3.10% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 1.05% | -0.13% |
Volatility
IGIB vs. BNDX - Volatility Comparison
iShares Intermediate-Term Corporate Bond ETF (IGIB) and Vanguard Total International Bond ETF (BNDX) have volatilities of 1.44% and 1.49%, 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.
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Volatility by Period
| IGIB | BNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.49% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 2.96% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 3.47% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.57% | 4.89% | +1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 4.10% | +1.96% |
IGIB vs. BNDX - Expense Ratio Comparison
IGIB has a 0.06% expense ratio, which is lower than BNDX's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IGIB vs. BNDX - Dividend Comparison
IGIB's dividend yield for the trailing twelve months is around 4.81%, 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% |
IGIB iShares Intermediate-Term Corporate Bond ETF | 4.81% | 4.59% | 4.41% | 3.78% | 3.04% | 2.52% | 2.74% | 3.44% | 3.41% | 2.51% | 2.45% | 2.51% |
Frequently Asked Questions
IGIB and BNDX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNDX has higher volatility (1.49%) compared to IGIB (1.44%). In terms of maximum drawdown, IGIB dropped -20.62% vs BNDX's -16.23%.
On 10-year performance, IGIB leads with 3.04% vs 1.72% for BNDX. On fees, IGIB is cheaper at 0.06% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IGIB has performed better with a 3.04% return vs 1.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGIB is cheaper with a 0.06% expense ratio, compared with 0.07% for BNDX.
IGIB has the higher dividend yield at 4.81%, compared with 4.47% for BNDX.
IGIB is categorized as Corporate Bonds, while BNDX is Global Bonds. IGIB tracks Bloomberg Barclays U.S. Intermediate Credit 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: 0.06% for IGIB and 0.07% for BNDX.
IGIB currently has the higher Sharpe Ratio (1.38 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.
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