IWP vs. BNDX
IWP (iShares Russell Mid-Cap Growth ETF) and BNDX (Vanguard Total International Bond ETF) are both exchange-traded funds - IWP is a Mid Cap Growth Equities fund tracking the Russell Midcap Growth 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, IWP returned 11.64%/yr vs 1.49%/yr for BNDX. At a 0.05 correlation, their price movements are largely independent. IWP charges 0.23%/yr vs 0.07%/yr for BNDX.
Performance
IWP vs. BNDX - Performance Comparison
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Returns By Period
In the year-to-date period, IWP achieves a 0.63% return, which is significantly higher than BNDX's 0.33% return. Over the past 10 years, IWP has outperformed BNDX with an annualized return of 11.64%, while BNDX has yielded a comparatively lower 1.49% annualized return.
IWP
- 1D
- 0.00%
- 1M
- -3.07%
- 6M
- -2.52%
- YTD
- 0.63%
- 1Y
- -1.82%
- 3Y*
- 12.07%
- 5Y*
- 4.51%
- 10Y*
- 11.64%
- ALL TIME*
- 9.13%
BNDX
- 1D
- -0.23%
- 1M
- -0.87%
- 6M
- -0.13%
- YTD
- 0.33%
- 1Y
- 1.62%
- 3Y*
- 3.85%
- 5Y*
- 0.02%
- 10Y*
- 1.49%
- ALL TIME*
- 2.26%
IWP vs. BNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWP iShares Russell Mid-Cap Growth ETF | 0.63% | 8.45% | 21.86% | 25.70% | -26.90% | 12.60% | 35.25% | 35.04% | -4.89% | 24.93% |
BNDX Vanguard Total International Bond ETF | 0.33% | 2.86% | 3.57% | 8.77% | -12.76% | -2.29% | 4.65% | 7.87% | 2.81% | 2.40% |
Correlation
The correlation between IWP and BNDX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2013 | 0.05 |
Over the past year, IWP and BNDX have become more correlated (0.35) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
IWP vs. BNDX — Risk / Return Rank
IWP
BNDX
IWP vs. BNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Mid-Cap Growth ETF (IWP) 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.
| IWP | BNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.08 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 0.55 | -0.68 |
| Martin ratioReturn relative to average drawdown | -0.35 | 1.48 | -1.83 |
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Drawdowns
IWP vs. BNDX - Drawdown Comparison
The maximum IWP drawdown since its inception was -56.92%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for IWP and BNDX.
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Drawdown Indicators
| IWP | BNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.92% | -16.23% | -40.69% |
Max Drawdown (1Y)Largest decline over 1 year | -14.79% | -2.93% | -11.86% |
Max Drawdown (3Y)Largest decline over 3 years | -25.20% | -2.93% | -22.27% |
Max Drawdown (5Y)Largest decline over 5 years | -38.62% | -15.86% | -22.76% |
Max Drawdown (10Y)Largest decline over 10 years | -38.62% | -16.23% | -22.39% |
Current DrawdownCurrent decline from peak | -6.02% | -1.69% | -4.33% |
Average DrawdownAverage peak-to-trough decline | -9.65% | -3.09% | -6.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.19% | 1.10% | +4.09% |
Volatility
IWP vs. BNDX - Volatility Comparison
iShares Russell Mid-Cap Growth ETF (IWP) has a higher volatility of 5.06% compared to Vanguard Total International Bond ETF (BNDX) at 1.00%. This indicates that IWP'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
| IWP | BNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 1.00% | +4.06% |
Volatility (6M)Calculated over the trailing 6-month period | 13.78% | 3.08% | +10.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.32% | 3.53% | +13.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.44% | 4.90% | +17.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.69% | 4.09% | +17.60% |
IWP vs. BNDX - Expense Ratio Comparison
IWP has a 0.23% 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
IWP vs. BNDX - Dividend Comparison
IWP's dividend yield for the trailing twelve months is around 0.36%, less than BNDX's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.53% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
IWP iShares Russell Mid-Cap Growth ETF | 0.36% | 0.37% | 0.40% | 0.54% | 0.77% | 0.30% | 0.38% | 0.59% | 1.02% | 0.78% | 1.16% | 0.98% |
Frequently Asked Questions
IWP and BNDX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWP has higher volatility (5.06%) compared to BNDX (1.00%). In terms of maximum drawdown, IWP dropped -56.92% vs BNDX's -16.23%.
On 10-year performance, IWP leads with 11.64% vs 1.49% for BNDX. On fees, BNDX is cheaper at 0.07% per year. On volatility, BNDX has been the lower-risk option at 1.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IWP has performed better with a 11.64% return vs 1.49%. 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 0.23% for IWP.
BNDX has the higher dividend yield at 4.53%, compared with 0.36% for IWP.
IWP is categorized as Mid Cap Growth Equities, while BNDX is Global Bonds. IWP tracks Russell Midcap Growth 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: 0.23% for IWP and 0.07% for BNDX.
BNDX currently has the higher Sharpe Ratio (0.46 vs -0.11), 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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