SHECY vs. BNDW

Last updated Jul 11, 2026

SHECY (Shin-Etsu Chemical Co Ltd ADR) is a stock, while BNDW (Vanguard Total World Bond ETF) is Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted Composite Index. Over the past 5 years, SHECY returned 7.24%/yr vs 0.07%/yr for BNDW. At a 0.09 correlation, their price movements are largely independent.

Performance

SHECY vs. BNDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shin-Etsu Chemical Co Ltd ADR (SHECY) and Vanguard Total World Bond ETF (BNDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHECY achieves a 47.23% return, which is significantly higher than BNDW's 0.50% return.

SHECY

• 1D: 4.20%
• 1M: 0.88%
• 6M: 36.89%
• YTD: 47.23%
• 1Y: 44.07%
• 3Y*: 12.69%
• 5Y*: 7.24%
• 10Y*: 14.50%

BNDW

• 1D: 0.01%
• 1M: -0.25%
• 6M: 0.11%
• YTD: 0.50%
• 1Y: 3.14%
• 3Y*: 4.34%
• 5Y*: 0.07%
• 10Y*: —

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

SHECY vs. BNDW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SHECY Shin-Etsu Chemical Co Ltd ADR	47.23%	-4.97%	-20.30%	71.18%	-29.73%	-1.27%	59.93%	43.23%	-14.63%
BNDW Vanguard Total World Bond ETF	0.50%	5.02%	2.42%	7.18%	-12.88%	-2.10%	6.22%	8.37%	1.27%

Correlation

The correlation between SHECY and BNDW is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Sep 6, 2018	0.09

Return for Risk

SHECY vs. BNDW — Risk / Return Rank

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

SHECY

SHECY Risk / Return Rank: 77
SHECY Sharpe Ratio Rank: 80
SHECY Sortino Ratio Rank: 75
SHECY Omega Ratio Rank: 73
SHECY Calmar Ratio Rank: 79
SHECY Martin Ratio Rank: 80

BNDW

BNDW Risk / Return Rank: 26
BNDW Sharpe Ratio Rank: 28
BNDW Sortino Ratio Rank: 26
BNDW Omega Ratio Rank: 25
BNDW Calmar Ratio Rank: 26
BNDW Martin Ratio Rank: 25

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.

SHECY vs. BNDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shin-Etsu Chemical Co Ltd ADR (SHECY) 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.

	SHECY	BNDW	Difference
Sharpe ratio: Return per unit of total volatility	1.20	0.83	+0.37
Sortino ratio: Return per unit of downside risk	1.72	1.19	+0.53
Omega ratio: Gain probability vs. loss probability	1.22	1.14	+0.07
Calmar ratio: Return relative to maximum drawdown	2.01	1.04	+0.97
Martin ratio: Return relative to average drawdown	5.07	2.75	+2.32

SHECY vs. BNDW - Sharpe Ratio Comparison

The current SHECY Sharpe Ratio is 1.20, which is higher than the BNDW Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of SHECY and BNDW, 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

SHECY vs. BNDW - Drawdown Comparison

The maximum SHECY drawdown since its inception was -82.68%, which is greater than BNDW's maximum drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for SHECY and BNDW.

Drawdown Indicators

	SHECY	BNDW	Difference
Max Drawdown Largest peak-to-trough decline	-82.68%	-17.22%	-65.46%
Max Drawdown (1Y) Largest decline over 1 year	-21.74%	-2.70%	-19.04%
Max Drawdown (3Y) Largest decline over 3 years	-44.01%	-4.27%	-39.74%
Max Drawdown (5Y) Largest decline over 5 years	-49.23%	-16.93%	-32.30%
Max Drawdown (10Y) Largest decline over 10 years	-49.23%	—	—
Current Drawdown Current decline from peak	-8.03%	-1.45%	-6.58%
Average Drawdown Average peak-to-trough decline	-49.99%	-4.93%	-45.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.59%	1.02%	+7.57%

Volatility

SHECY vs. BNDW - Volatility Comparison

Shin-Etsu Chemical Co Ltd ADR (SHECY) has a higher volatility of 13.62% compared to Vanguard Total World Bond ETF (BNDW) at 1.04%. This indicates that SHECY'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.

Volatility by Period

	SHECY	BNDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.62%	1.04%	+12.58%
Volatility (6M) Calculated over the trailing 6-month period	29.99%	2.77%	+27.22%
Volatility (1Y) Calculated over the trailing 1-year period	36.55%	3.38%	+33.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.44%	5.22%	+26.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.26%	4.89%	+25.37%

Dividends

SHECY vs. BNDW - Dividend Comparison

SHECY has not paid dividends to shareholders, while BNDW's dividend yield for the trailing twelve months is around 4.24%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BNDW Vanguard Total World Bond ETF	4.24%	4.12%	3.90%	3.73%	2.02%	2.58%	1.56%	3.05%	1.66%	0.00%	0.00%
SHECY Shin-Etsu Chemical Co Ltd ADR	0.00%	1.18%	1.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.39%

Frequently Asked Questions

Can I hold both SHECY and BNDW in my portfolio?

SHECY and BNDW have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHECY or BNDW?

SHECY has higher volatility (13.62%) compared to BNDW (1.04%). In terms of maximum drawdown, SHECY dropped -82.68% vs BNDW's -17.22%.

Which has better risk-adjusted returns?

SHECY currently has the higher Sharpe Ratio (1.20 vs 0.83), 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.