MAWIX vs. BND
MAWIX (BlackRock Strategic Global Bond Fund) and BND (Vanguard Total Bond Market ETF) are both funds - MAWIX is a Global Bonds fund managed by BlackRock, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Over the past 10 years, MAWIX returned 1.94%/yr vs 1.56%/yr for BND. At a 0.49 correlation, their price movements are largely independent. MAWIX charges 0.57%/yr vs 0.03%/yr for BND.
Performance
MAWIX vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, MAWIX achieves a 0.66% return, which is significantly higher than BND's 0.49% return. Over the past 10 years, MAWIX has outperformed BND with an annualized return of 1.94%, while BND has yielded a comparatively lower 1.56% annualized return.
MAWIX
- 1D
- -0.37%
- 1M
- 0.63%
- YTD
- 0.66%
- 6M
- 1.02%
- 1Y
- 4.12%
- 3Y*
- 4.84%
- 5Y*
- -0.31%
- 10Y*
- 1.94%
BND
- 1D
- 0.11%
- 1M
- 0.64%
- YTD
- 0.49%
- 6M
- 0.57%
- 1Y
- 4.23%
- 3Y*
- 3.96%
- 5Y*
- 0.05%
- 10Y*
- 1.56%
MAWIX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAWIX BlackRock Strategic Global Bond Fund | 0.66% | 8.49% | 0.43% | 6.58% | -15.37% | -1.07% | 9.05% | 8.35% | -0.81% | 7.31% |
BND Vanguard Total Bond Market ETF | 0.49% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between MAWIX and BND is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007 | 0.49 |
Over the past year, MAWIX and BND have become more correlated (0.70) than their long-term average of 0.49, meaning their price movements have been converging.
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Return for Risk
MAWIX vs. BND — Risk / Return Rank
MAWIX
BND
MAWIX vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Strategic Global Bond Fund (MAWIX) and Vanguard Total Bond Market ETF (BND). 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.
| MAWIX | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.20 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 1.59 | -0.60 |
| Martin ratioReturn relative to average drawdown | 3.06 | 4.52 | -1.46 |
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Drawdowns
MAWIX vs. BND - Drawdown Comparison
The maximum MAWIX drawdown since its inception was -32.07%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for MAWIX and BND.
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Drawdown Indicators
| MAWIX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.07% | -18.58% | -13.49% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -2.68% | -1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -5.49% | -5.92% | +0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -20.79% | -17.91% | -2.88% |
Max Drawdown (10Y)Largest decline over 10 years | -20.79% | -18.58% | -2.21% |
Current DrawdownCurrent decline from peak | -2.52% | -2.15% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -3.06% | -2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 0.94% | +0.47% |
Volatility
MAWIX vs. BND - Volatility Comparison
BlackRock Strategic Global Bond Fund (MAWIX) has a higher volatility of 1.45% compared to Vanguard Total Bond Market ETF (BND) at 1.08%. This indicates that MAWIX's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAWIX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.08% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 2.77% | +0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.76% | 3.74% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.40% | 6.03% | -0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 5.53% | -0.70% |
MAWIX vs. BND - Expense Ratio Comparison
MAWIX has a 0.57% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
MAWIX vs. BND - Dividend Comparison
MAWIX's dividend yield for the trailing twelve months is around 4.63%, more than BND's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.96% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
MAWIX BlackRock Strategic Global Bond Fund | 4.63% | 4.32% | 2.93% | 2.65% | 2.38% | 1.81% | 4.68% | 2.62% | 2.61% | 3.13% | 2.73% | 5.77% |
Frequently Asked Questions
MAWIX and BND have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAWIX has higher volatility (1.45%) compared to BND (1.08%). In terms of maximum drawdown, MAWIX dropped -32.07% vs BND's -18.58%.
BND currently has the higher Sharpe Ratio (1.14 vs 0.91), 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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