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IUVF.L vs. BNDX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IUVF.L vs. BNDX

Last updated Jun 12, 2026

IUVF.L (iShares Edge MSCI USA Value Factor UCITS) and BNDX (Vanguard Total International Bond ETF) are both exchange-traded funds - IUVF.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD, 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 5 years, IUVF.L returned 16.22%/yr vs 1.33%/yr for BNDX. At a 0.13 correlation, their price movements are largely independent. IUVF.L charges 0.20%/yr vs 0.07%/yr for BNDX.

Performance

IUVF.L vs. BNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI USA Value Factor UCITS (IUVF.L) and Vanguard Total International Bond ETF (BNDX). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IUVF.L is traded in GBp, while BNDX is traded in USD. To make them comparable, the BNDX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, IUVF.L achieves a 41.36% return, which is significantly higher than BNDX's 1.40% return.

IUVF.L

1D
0.24%
1M
8.67%
YTD
41.36%
6M
41.69%
1Y
79.59%
3Y*
27.51%
5Y*
16.22%
10Y*
—

BNDX

1D
0.38%
1M
2.05%
YTD
1.40%
6M
0.88%
1Y
3.13%
3Y*
1.78%
5Y*
1.33%
10Y*
2.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IUVF.L vs. BNDX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IUVF.L
iShares Edge MSCI USA Value Factor UCITS		41.36%23.92%8.23%8.28%-4.63%31.29%-4.75%22.11%-7.17%10.45%
BNDX
Vanguard Total International Bond ETF		1.40%-4.46%5.38%3.33%-2.39%-1.36%1.57%3.76%8.91%-6.46%

Correlation

The correlation between IUVF.L and BNDX 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

0.19

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

0.07

Correlation (All Time)
Calculated using the full available price history since Oct 17, 2016

0.13

The correlation between IUVF.L and BNDX shifts across timeframes, from 0.07 (5 years) to 0.19 (3 years), reflecting how their relationship changes across market environments.

IUVF.L vs. BNDX - Sectors Allocation Comparison

Sectors
IUVF.L
BNDX

Technology

52.6%

-

Financial Services

8.6%
0.0%

Consumer Cyclical

7.8%

-

Healthcare

7.4%
0.0%

Communication Services

6.9%
0.0%

Industrials

6.3%
0.0%

Consumer Defensive

3.4%

-

Energy

2.5%
0.0%

Utilities

1.6%
0.0%

Real Estate

1.5%
0.0%

Basic Materials

1.4%

-

Technology

IUVF.L
52.6%
BNDX

-

Financial Services

IUVF.L
8.6%
BNDX
0.0%

Consumer Cyclical

IUVF.L
7.8%
BNDX

-

Healthcare

IUVF.L
7.4%
BNDX
0.0%

Communication Services

IUVF.L
6.9%
BNDX
0.0%

Industrials

IUVF.L
6.3%
BNDX
0.0%

Consumer Defensive

IUVF.L
3.4%
BNDX

-

Energy

IUVF.L
2.5%
BNDX
0.0%

Utilities

IUVF.L
1.6%
BNDX
0.0%

Real Estate

IUVF.L
1.5%
BNDX
0.0%

Basic Materials

IUVF.L
1.4%
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 Edge MSCI USA Value Factor UCITS

Vanguard Total International Bond ETF

Often compared with IUVF.L:
IUVF.L vs. VTVIUVF.L vs. VLUEIUVF.L vs. VIVAXIUVF.L vs. EWSP.LIUVF.L vs. JREG.LIUVF.L vs. JREU.LIUVF.L vs. URTH
Often compared with BNDX:
BNDX vs. BNDBNDX vs. BNDWBNDX vs. VTABXBNDX vs. IAGGBNDX vs. FBIIXBNDX vs. IGOVBNDX vs. VWOB

Return for Risk

IUVF.L vs. BNDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IUVF.L
IUVF.L Risk / Return Rank: 9898
Overall Rank
IUVF.L Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
IUVF.L Sortino Ratio Rank: 9898
Sortino Ratio Rank
IUVF.L Omega Ratio Rank: 9797
Omega Ratio Rank
IUVF.L Calmar Ratio Rank: 9898
Calmar Ratio Rank
IUVF.L Martin Ratio Rank: 9898
Martin Ratio Rank
BNDX
BNDX Risk / Return Rank: 2020
Overall Rank
BNDX Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
BNDX Sortino Ratio Rank: 1919
Sortino Ratio Rank
BNDX Omega Ratio Rank: 1919
Omega Ratio Rank
BNDX Calmar Ratio Rank: 2020
Calmar Ratio Rank
BNDX Martin Ratio Rank: 2020
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.

IUVF.L vs. BNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Value Factor UCITS (IUVF.L) 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.

IUVF.LBNDXDifference
Sharpe ratioReturn per unit of total volatility
5.07
0.51

+4.57

Sortino ratioReturn per unit of downside risk
6.62
0.77

+5.85

Omega ratioGain probability vs. loss probability

1.89

1.09

+0.80

Calmar ratioReturn relative to maximum drawdown

13.86

0.52

+13.35

Martin ratioReturn relative to average drawdown

50.37

1.16

+49.21

IUVF.L vs. BNDX - Sharpe Ratio Comparison

The current IUVF.L Sharpe Ratio is 5.07, which is higher than the BNDX Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of IUVF.L 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.

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Drawdowns

IUVF.L vs. BNDX - Drawdown Comparison

The maximum IUVF.L drawdown since its inception was -31.83%, which is greater than BNDX's maximum drawdown of -17.24%. Use the drawdown chart below to compare losses from any high point for IUVF.L and BNDX.

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Drawdown Indicators

IUVF.LBNDXDifference

Max Drawdown

Largest peak-to-trough decline

-31.83%

-17.24%

-14.59%

Max Drawdown (1Y)

Largest decline over 1 year

-5.71%

-6.10%

+0.39%

Max Drawdown (3Y)

Largest decline over 3 years

-20.13%

-9.36%

-10.77%

Max Drawdown (5Y)

Largest decline over 5 years

-20.13%

-15.22%

-4.91%

Max Drawdown (10Y)

Largest decline over 10 years

—

-17.24%

—

Current Drawdown

Current decline from peak

-4.52%

-8.52%

+4.00%

Average Drawdown

Average peak-to-trough decline

-5.52%

-7.42%

+1.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.58%

2.72%

-1.14%

Volatility

IUVF.L vs. BNDX - Volatility Comparison

iShares Edge MSCI USA Value Factor UCITS (IUVF.L) has a higher volatility of 7.07% compared to Vanguard Total International Bond ETF (BNDX) at 1.50%. This indicates that IUVF.L'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.

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Volatility by Period

IUVF.LBNDXDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.07%

1.50%

+5.57%

Volatility (6M)

Calculated over the trailing 6-month period

12.64%

4.69%

+7.95%

Volatility (1Y)

Calculated over the trailing 1-year period

15.62%

6.23%

+9.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.01%

8.75%

+7.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.94%

9.83%

+8.11%

IUVF.L vs. BNDX - Expense Ratio Comparison

IUVF.L 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%.

Dividends

IUVF.L vs. BNDX - Dividend Comparison

IUVF.L has not paid dividends to shareholders, while BNDX's dividend yield for the trailing twelve months is around 4.48%.

PositionTTM20252024202320222021202020192018201720162015
BNDX
Vanguard Total International Bond ETF		4.48%4.39%4.18%4.42%1.51%3.74%1.11%3.40%3.01%2.23%1.89%1.63%
IUVF.L
iShares Edge MSCI USA Value Factor UCITS		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IUVF.L and BNDX 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, BNDX is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

BNDX is cheaper with a 0.07% expense ratio, compared with 0.20% for IUVF.L.

IUVF.L is categorized as Large Cap Value Equities, while BNDX is Global Bonds. IUVF.L tracks Russell 1000 Value TR USD, 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: 0.20% for IUVF.L and 0.07% for BNDX.

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