MAWIX vs. BNDW
MAWIX (BlackRock Strategic Global Bond Fund) and BNDW (Vanguard Total World Bond ETF) are both Global Bonds funds. Over the past 5 years, MAWIX returned -0.21%/yr vs 0.25%/yr for BNDW. A 0.67 correlation means they provide meaningful diversification when combined. MAWIX charges 0.57%/yr vs 0.05%/yr for BNDW.
Performance
MAWIX vs. BNDW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MAWIX achieves a 1.04% return, which is significantly higher than BNDW's 0.73% return.
MAWIX
- 1D
- -0.19%
- 1M
- 1.00%
- YTD
- 1.04%
- 6M
- 1.59%
- 1Y
- 4.71%
- 3Y*
- 4.90%
- 5Y*
- -0.21%
- 10Y*
- 1.92%
BNDW
- 1D
- -0.19%
- 1M
- 0.61%
- YTD
- 0.73%
- 6M
- 0.84%
- 1Y
- 3.26%
- 3Y*
- 4.05%
- 5Y*
- 0.25%
- 10Y*
- —
MAWIX vs. BNDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MAWIX BlackRock Strategic Global Bond Fund | 1.04% | 8.49% | 0.43% | 6.58% | -15.37% | -1.07% | 9.05% | 8.35% | 0.76% |
BNDW Vanguard Total World Bond ETF | 0.73% | 5.02% | 2.42% | 7.18% | -12.88% | -2.10% | 6.22% | 8.37% | 1.27% |
Correlation
The correlation between MAWIX and BNDW 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 | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2018 | 0.67 |
The correlation between MAWIX and BNDW has been stable across timeframes, ranging from 0.67 to 0.77 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MAWIX vs. BNDW — Risk / Return Rank
MAWIX
BNDW
MAWIX vs. BNDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Strategic Global Bond Fund (MAWIX) 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.
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 | BNDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.17 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.21 | -0.14 |
| Martin ratioReturn relative to average drawdown | 3.34 | 3.27 | +0.07 |
Loading charts...
Drawdowns
MAWIX vs. BNDW - Drawdown Comparison
The maximum MAWIX drawdown since its inception was -32.07%, which is greater than BNDW's maximum drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for MAWIX and BNDW.
Loading charts...
Drawdown Indicators
| MAWIX | BNDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.07% | -17.22% | -14.85% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -2.70% | -1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -5.49% | -4.27% | -1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -20.79% | -16.93% | -3.86% |
Max Drawdown (10Y)Largest decline over 10 years | -20.79% | — | — |
Current DrawdownCurrent decline from peak | -2.15% | -1.23% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -4.95% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 1.00% | +0.41% |
Volatility
MAWIX vs. BNDW - Volatility Comparison
BlackRock Strategic Global Bond Fund (MAWIX) has a higher volatility of 1.48% compared to Vanguard Total World Bond ETF (BNDW) at 0.92%. This indicates that MAWIX'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.
Loading charts...
Volatility by Period
| MAWIX | BNDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 0.92% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 3.61% | 2.70% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.73% | 3.36% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.40% | 5.22% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 4.89% | -0.06% |
MAWIX vs. BNDW - Expense Ratio Comparison
MAWIX has a 0.57% expense ratio, which is higher than BNDW's 0.05% expense ratio.
Dividends
MAWIX vs. BNDW - Dividend Comparison
MAWIX's dividend yield for the trailing twelve months is around 4.62%, more than BNDW's 4.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDW Vanguard Total World Bond ETF | 4.20% | 4.12% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% | 0.00% | 0.00% | 0.00% |
MAWIX BlackRock Strategic Global Bond Fund | 4.62% | 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 BNDW 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.
MAWIX has higher volatility (1.48%) compared to BNDW (0.92%). In terms of maximum drawdown, MAWIX dropped -32.07% vs BNDW's -17.22%.
MAWIX currently has the higher Sharpe Ratio (1.00 vs 0.98), 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.
Find the right allocation for MAWIX and BNDW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer