MP1.AX vs. BNDX

Last updated Jun 4, 2026

MP1.AX (Megaport Limited) is a stock, while BNDX (Vanguard Total International Bond ETF) is Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). Over the past 10 years, MP1.AX returned 22.24%/yr vs 2.02%/yr for BNDX. At a correlation of -0.05, they often move in opposite directions.

Performance

MP1.AX vs. BNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Megaport Limited (MP1.AX) and Vanguard Total International Bond ETF (BNDX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MP1.AX is traded in AUD, while BNDX is traded in USD. To make them comparable, the BNDX values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MP1.AX achieves a 36.48% return, which is significantly higher than BNDX's -5.89% return. Over the past 10 years, MP1.AX has outperformed BNDX with an annualized return of 22.24%, while BNDX has yielded a comparatively lower 2.02% annualized return.

MP1.AX

• 1D: 0.00%
• 1M: 84.35%
• YTD: 36.48%
• 6M: 27.97%
• 1Y: 23.49%
• 3Y*: 32.38%
• 5Y*: 2.17%
• 10Y*: 22.24%

BNDX

• 1D: 0.11%
• 1M: 1.18%
• YTD: -5.89%
• 6M: -7.19%
• 1Y: -7.66%
• 3Y*: 1.42%
• 5Y*: 2.00%
• 10Y*: 2.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MP1.AX vs. BNDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MP1.AX Megaport Limited	36.48%	65.13%	-19.89%	45.80%	-66.00%	30.25%	32.68%	193.44%	7.65%	40.50%
BNDX Vanguard Total International Bond ETF	-5.89%	-4.60%	13.99%	8.85%	-6.99%	3.44%	-4.54%	8.37%	13.83%	-5.40%

Correlation

The correlation between MP1.AX and BNDX is -0.02, 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	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	-0.04
Correlation (10Y) Calculated over the trailing 10-year period	-0.05
Correlation (All Time) Calculated using the full available price history since Dec 18, 2015	-0.05

Return for Risk

MP1.AX vs. BNDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MP1.AX

MP1.AX Risk / Return Rank: 53
MP1.AX Sharpe Ratio Rank: 55
MP1.AX Sortino Ratio Rank: 54
MP1.AX Omega Ratio Rank: 54
MP1.AX Calmar Ratio Rank: 50
MP1.AX Martin Ratio Rank: 50

BNDX

BNDX Risk / Return Rank: 16
BNDX Sharpe Ratio Rank: 17
BNDX Sortino Ratio Rank: 15
BNDX Omega Ratio Rank: 16
BNDX Calmar Ratio Rank: 16
BNDX Martin Ratio Rank: 17

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.

MP1.AX vs. BNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Megaport Limited (MP1.AX) 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.

	MP1.AX	BNDX	Difference
Sharpe ratio: Return per unit of total volatility	0.37	-1.00	+1.37
Sortino ratio: Return per unit of downside risk	1.00	-1.37	+2.36
Omega ratio: Gain probability vs. loss probability	1.13	0.85	+0.28
Calmar ratio: Return relative to maximum drawdown	0.38	-0.67	+1.05
Martin ratio: Return relative to average drawdown	0.76	-1.37	+2.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MP1.AX vs. BNDX - Sharpe Ratio Comparison

The current MP1.AX Sharpe Ratio is 0.37, which is higher than the BNDX Sharpe Ratio of -1.00. The chart below compares the historical Sharpe Ratios of MP1.AX 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.

Sharpe Ratios by Period

	MP1.AX	BNDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	-1.00	+1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	0.19	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.20	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.46	-0.07

Drawdowns

MP1.AX vs. BNDX - Drawdown Comparison

The maximum MP1.AX drawdown since its inception was -81.90%, which is greater than BNDX's maximum drawdown of -24.91%. Use the drawdown chart below to compare losses from any high point for MP1.AX and BNDX.

Drawdown Indicators

	MP1.AX	BNDX	Difference
Max Drawdown Largest peak-to-trough decline	-81.90%	-24.91%	-56.99%
Max Drawdown (1Y) Largest decline over 1 year	-62.11%	-11.39%	-50.72%
Max Drawdown (3Y) Largest decline over 3 years	-62.11%	-16.02%	-46.09%
Max Drawdown (5Y) Largest decline over 5 years	-81.90%	-16.02%	-65.88%
Max Drawdown (10Y) Largest decline over 10 years	-81.90%	-24.91%	-56.99%
Current Drawdown Current decline from peak	-24.09%	-14.13%	-9.96%
Average Drawdown Average peak-to-trough decline	-33.51%	-8.79%	-24.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.91%	5.59%	+25.32%

Volatility

MP1.AX vs. BNDX - Volatility Comparison

Megaport Limited (MP1.AX) has a higher volatility of 27.27% compared to Vanguard Total International Bond ETF (BNDX) at 1.62%. This indicates that MP1.AX'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.

Volatility by Period

	MP1.AX	BNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.27%	1.62%	+25.65%
Volatility (6M) Calculated over the trailing 6-month period	52.84%	5.81%	+47.03%
Volatility (1Y) Calculated over the trailing 1-year period	62.86%	7.73%	+55.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.17%	10.51%	+55.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.47%	9.99%	+47.48%

Dividends

MP1.AX vs. BNDX - Dividend Comparison

MP1.AX has not paid dividends to shareholders, while BNDX's dividend yield for the trailing twelve months is around 4.49%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BNDX Vanguard Total International Bond ETF	4.49%	4.39%	4.18%	4.42%	1.51%	3.74%	1.11%	3.40%	3.01%	2.23%	1.89%	1.63%
MP1.AX Megaport Limited	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

Can I hold both MP1.AX and BNDX in my portfolio?

MP1.AX and BNDX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.