IS0M.DE vs. BNDW
IS0M.DE (iShares Italy Government Bond UCITS ETF EUR Dist) and BNDW (Vanguard Total World Bond ETF) are both exchange-traded funds - IS0M.DE is a European Government Bonds fund tracking the Bloomberg Italy Treasury Bond, while BNDW is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted Composite Index. Both are passively managed. Over the past 5 years, IS0M.DE returned -0.79%/yr vs 1.18%/yr for BNDW. At a 0.28 correlation, their price movements are largely independent. IS0M.DE charges 0.20%/yr vs 0.05%/yr for BNDW.
Performance
IS0M.DE vs. BNDW - Performance Comparison
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Different Trading Currencies
IS0M.DE is traded in EUR, while BNDW is traded in USD. To make them comparable, the BNDW values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IS0M.DE achieves a -0.32% return, which is significantly lower than BNDW's 1.68% return.
IS0M.DE
- 1D
- 0.01%
- 1M
- 0.82%
- YTD
- -0.32%
- 6M
- -0.34%
- 1Y
- 0.84%
- 3Y*
- 4.15%
- 5Y*
- -0.79%
- 10Y*
- 0.92%
BNDW
- 1D
- -0.02%
- 1M
- 1.09%
- YTD
- 1.68%
- 6M
- 0.71%
- 1Y
- 1.52%
- 3Y*
- 1.30%
- 5Y*
- 1.18%
- 10Y*
- —
IS0M.DE vs. BNDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IS0M.DE iShares Italy Government Bond UCITS ETF EUR Dist | -0.32% | 3.07% | 4.66% | 9.14% | -17.24% | -2.99% | 7.54% | 10.45% | 2.76% |
BNDW Vanguard Total World Bond ETF | 1.68% | -7.44% | 9.18% | 3.97% | -7.48% | 5.23% | -2.54% | 10.82% | 2.61% |
Correlation
The correlation between IS0M.DE and BNDW is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2018 | 0.28 |
The correlation between IS0M.DE and BNDW shifts across timeframes, from 0.09 (1 year) to 0.33 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS0M.DE vs. BNDW — Risk / Return Rank
IS0M.DE
BNDW
IS0M.DE vs. BNDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Italy Government Bond UCITS ETF EUR Dist (IS0M.DE) and Vanguard Total World Bond ETF (BNDW). 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.
| IS0M.DE | BNDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.05 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 0.34 | -0.15 |
| Martin ratioReturn relative to average drawdown | 0.58 | 0.94 | -0.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IS0M.DE | BNDW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 0.26 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.15 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.24 | +0.25 |
Drawdowns
IS0M.DE vs. BNDW - Drawdown Comparison
The maximum IS0M.DE drawdown since its inception was -21.08%, which is greater than BNDW's maximum drawdown of -13.02%. Use the drawdown chart below to compare losses from any high point for IS0M.DE and BNDW.
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Drawdown Indicators
| IS0M.DE | BNDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.08% | -13.02% | -8.06% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -4.45% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -4.42% | -11.33% | +6.91% |
Max Drawdown (5Y)Largest decline over 5 years | -20.85% | -12.17% | -8.68% |
Max Drawdown (10Y)Largest decline over 10 years | -21.08% | — | — |
Current DrawdownCurrent decline from peak | -6.33% | -7.54% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -5.77% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.64% | -0.21% |
Volatility
IS0M.DE vs. BNDW - Volatility Comparison
iShares Italy Government Bond UCITS ETF EUR Dist (IS0M.DE) has a higher volatility of 1.99% compared to Vanguard Total World Bond ETF (BNDW) at 0.95%. This indicates that IS0M.DE's price experiences larger fluctuations and is considered to be riskier than BNDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0M.DE | BNDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 0.95% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 4.20% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.84% | 5.83% | -0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.80% | 8.06% | -1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.73% | 7.84% | -1.11% |
IS0M.DE vs. BNDW - Expense Ratio Comparison
IS0M.DE has a 0.20% expense ratio, which is higher than BNDW's 0.05% 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
IS0M.DE vs. BNDW - Dividend Comparison
IS0M.DE's dividend yield for the trailing twelve months is around 2.83%, less than BNDW's 4.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDW Vanguard Total World Bond ETF | 4.21% | 4.12% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% | 0.00% | 0.00% | 0.00% |
IS0M.DE iShares Italy Government Bond UCITS ETF EUR Dist | 2.83% | 2.82% | 2.66% | 2.10% | 1.05% | 0.74% | 0.98% | 1.45% | 1.37% | 1.37% | 1.47% | 1.83% |
Frequently Asked Questions
IS0M.DE and BNDW have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BNDW is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BNDW is cheaper with a 0.05% expense ratio, compared with 0.20% for IS0M.DE.
IS0M.DE is categorized as European Government Bonds, while BNDW is Global Bonds. IS0M.DE tracks Bloomberg Italy Treasury Bond, while BNDW tracks Bloomberg Global Aggregate Float Adjusted Composite Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for IS0M.DE and 0.05% for BNDW.
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