REET vs. BNDX

Last updated Jun 13, 2026

REET (iShares Global REIT ETF) and BNDX (Vanguard Total International Bond ETF) are both exchange-traded funds - REET is a REIT fund tracking the FTSE EPRA/NAREIT Global REIT 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, REET returned 4.50%/yr vs 1.72%/yr for BNDX. At a 0.19 correlation, their price movements are largely independent. REET charges 0.14%/yr vs 0.07%/yr for BNDX.

Performance

REET vs. BNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global REIT ETF (REET) and Vanguard Total International Bond ETF (BNDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, REET achieves a 12.42% return, which is significantly higher than BNDX's 1.02% return. Over the past 10 years, REET has outperformed BNDX with an annualized return of 4.50%, while BNDX has yielded a comparatively lower 1.72% annualized return.

REET

• 1D: 0.76%
• 1M: 2.38%
• YTD: 12.42%
• 6M: 13.41%
• 1Y: 15.04%
• 3Y*: 10.34%
• 5Y*: 2.51%
• 10Y*: 4.50%

BNDX

• 1D: 0.17%
• 1M: 0.99%
• YTD: 1.02%
• 6M: 1.22%
• 1Y: 1.94%
• 3Y*: 4.32%
• 5Y*: 0.32%
• 10Y*: 1.72%

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

REET vs. BNDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
REET iShares Global REIT ETF	12.42%	7.97%	2.65%	10.28%	-24.10%	32.43%	-10.48%	24.42%	-5.27%	7.48%
BNDX Vanguard Total International Bond ETF	1.02%	2.86%	3.57%	8.77%	-12.76%	-2.29%	4.65%	7.87%	2.81%	2.40%

Correlation

The correlation between REET and BNDX is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jul 10, 2014	0.19

Over the past year, REET and BNDX have become more correlated (0.50) than their long-term average of 0.19, meaning their price movements have been converging.

REET vs. BNDX - Sectors Allocation Comparison

Sectors	REET	BNDX
Real Estate	99.8%	0.0%
Financial Services	0.2%	0.0%
Basic Materials	-	-
Communication Services	-	0.0%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	0.0%
Healthcare	-	0.0%
Industrials	-	0.0%
Technology	-	-
Utilities	-	0.0%

Return for Risk

REET vs. BNDX — Risk / Return Rank

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

REET

REET Risk / Return Rank: 39
REET Sharpe Ratio Rank: 39
REET Sortino Ratio Rank: 37
REET Omega Ratio Rank: 37
REET Calmar Ratio Rank: 38
REET Martin Ratio Rank: 42

BNDX

BNDX Risk / Return Rank: 18
BNDX Sharpe Ratio Rank: 19
BNDX Sortino Ratio Rank: 18
BNDX Omega Ratio Rank: 18
BNDX Calmar Ratio Rank: 18
BNDX Martin Ratio Rank: 19

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.

REET vs. BNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global REIT ETF (REET) 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.

	REET	BNDX	Difference
Sharpe ratio: Return per unit of total volatility	1.23	0.56	+0.67
Sortino ratio: Return per unit of downside risk	1.73	0.82	+0.91
Omega ratio: Gain probability vs. loss probability	1.22	1.10	+0.12
Calmar ratio: Return relative to maximum drawdown	1.67	0.66	+1.01
Martin ratio: Return relative to average drawdown	6.00	1.84	+4.15

REET vs. BNDX - Sharpe Ratio Comparison

The current REET Sharpe Ratio is 1.23, which is higher than the BNDX Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of REET 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.

Drawdowns

REET vs. BNDX - Drawdown Comparison

The maximum REET drawdown since its inception was -44.59%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for REET and BNDX.

Drawdown Indicators

	REET	BNDX	Difference
Max Drawdown Largest peak-to-trough decline	-44.59%	-16.23%	-28.36%
Max Drawdown (1Y) Largest decline over 1 year	-9.04%	-2.93%	-6.11%
Max Drawdown (3Y) Largest decline over 3 years	-18.02%	-2.93%	-15.09%
Max Drawdown (5Y) Largest decline over 5 years	-32.11%	-15.86%	-16.25%
Max Drawdown (10Y) Largest decline over 10 years	-44.59%	-16.23%	-28.36%
Current Drawdown Current decline from peak	0.00%	-1.02%	+1.02%
Average Drawdown Average peak-to-trough decline	-9.76%	-3.10%	-6.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	1.05%	+1.47%

Volatility

REET vs. BNDX - Volatility Comparison

iShares Global REIT ETF (REET) has a higher volatility of 4.16% compared to Vanguard Total International Bond ETF (BNDX) at 1.49%. This indicates that REET'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

	REET	BNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	1.49%	+2.67%
Volatility (6M) Calculated over the trailing 6-month period	9.07%	2.96%	+6.11%
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	3.47%	+8.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.97%	4.89%	+12.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.85%	4.10%	+14.75%

REET vs. BNDX - Expense Ratio Comparison

REET has a 0.14% 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

REET vs. BNDX - Dividend Comparison

REET's dividend yield for the trailing twelve months is around 3.29%, less than BNDX's 4.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BNDX Vanguard Total International Bond ETF	4.47%	4.39%	4.18%	4.42%	1.51%	3.74%	1.11%	3.40%	3.01%	2.23%	1.89%	1.63%
REET iShares Global REIT ETF	3.29%	3.67%	3.64%	3.27%	2.43%	3.18%	2.65%	5.25%	5.73%	3.84%	5.37%	3.56%

Frequently Asked Questions

Can I hold both REET and BNDX in my portfolio?

REET and BNDX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, REET or BNDX?

REET has higher volatility (4.16%) compared to BNDX (1.49%). In terms of maximum drawdown, REET dropped -44.59% vs BNDX's -16.23%.

Which ETF is better, REET or BNDX?

On 10-year performance, REET leads with 4.50% vs 1.72% for BNDX. On fees, BNDX is cheaper at 0.07% per year. On volatility, BNDX has been the lower-risk option at 1.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, REET or BNDX?

Over the 10-year period, REET has performed better with a 4.50% return vs 1.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, REET or BNDX?

BNDX is cheaper with a 0.07% expense ratio, compared with 0.14% for REET.

Which ETF pays a higher dividend yield, REET or BNDX?

BNDX has the higher dividend yield at 4.47%, compared with 3.29% for REET.

What is the main difference between REET and BNDX?

REET is categorized as REIT, while BNDX is Global Bonds. REET tracks FTSE EPRA/NAREIT Global REIT 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: 0.14% for REET and 0.07% for BNDX.

Which has better risk-adjusted returns?

REET currently has the higher Sharpe Ratio (1.23 vs 0.56), 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.