UTHY vs. BNDW
UTHY (US Treasury 30 Year Bond ETF) and BNDW (Vanguard Total World Bond ETF) are both exchange-traded funds - UTHY is a Government Bonds fund tracking the ICE BofA Current 30-Year US Treasury Index - Benchmark TR Gross, while BNDW is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted Composite Index. Both are passively managed. Over the past 3 years, UTHY returned -1.17%/yr vs 4.20%/yr for BNDW. Their correlation of 0.91 means they have usually moved in the same direction. UTHY charges 0.15%/yr vs 0.05%/yr for BNDW.
Performance
UTHY vs. BNDW - Performance Comparison
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Returns By Period
In the year-to-date period, UTHY achieves a -2.44% return, which is significantly lower than BNDW's 0.50% return.
UTHY
- 1D
- 0.77%
- 1M
- -2.84%
- 6M
- -2.13%
- YTD
- -2.44%
- 1Y
- -1.50%
- 3Y*
- -1.17%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -3.02%
BNDW
- 1D
- 0.33%
- 1M
- -0.39%
- 6M
- 0.18%
- YTD
- 0.50%
- 1Y
- 1.88%
- 3Y*
- 4.20%
- 5Y*
- -0.14%
- 10Y*
- —
- ALL TIME*
- 1.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.80M | $6.17M | $6.89M | |
| $5.77M | $5.13M | $5.93M |
UTHY vs. BNDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UTHY US Treasury 30 Year Bond ETF | -2.44% | 3.47% | -8.07% | -2.77% |
BNDW Vanguard Total World Bond ETF | 0.50% | 5.02% | 2.42% | 4.12% |
Correlation
The correlation between UTHY and BNDW is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2023 | 0.91 |
The correlation between UTHY and BNDW has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
UTHY vs. BNDW — Risk / Return Rank
UTHY
BNDW
UTHY vs. BNDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 30 Year Bond ETF (UTHY) 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.
| UTHY | BNDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.10 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 0.70 | -0.90 |
| Martin ratioReturn relative to average drawdown | -0.44 | 1.68 | -2.12 |
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Drawdowns
UTHY vs. BNDW - Drawdown Comparison
The maximum UTHY drawdown since its inception was -21.86%, which is greater than BNDW's maximum drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for UTHY and BNDW.
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Drawdown Indicators
| UTHY | BNDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.86% | -17.22% | -4.64% |
Max Drawdown (1Y)Largest decline over 1 year | -7.41% | -2.70% | -4.71% |
Max Drawdown (3Y)Largest decline over 3 years | -14.90% | -3.57% | -11.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.74% | — |
Current DrawdownCurrent decline from peak | -13.30% | -1.46% | -11.84% |
Average DrawdownAverage peak-to-trough decline | -10.75% | -4.90% | -5.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 1.12% | +2.34% |
Volatility
UTHY vs. BNDW - Volatility Comparison
US Treasury 30 Year Bond ETF (UTHY) has a higher volatility of 2.54% compared to Vanguard Total World Bond ETF (BNDW) at 1.10%. This indicates that UTHY'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.
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Volatility by Period
| UTHY | BNDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 1.10% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 6.63% | 2.86% | +3.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.92% | 3.37% | +5.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.46% | 5.23% | +8.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.46% | 4.88% | +8.58% |
UTHY vs. BNDW - Expense Ratio Comparison
UTHY has a 0.15% expense ratio, which is higher than BNDW's 0.05% 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
UTHY vs. BNDW - Dividend Comparison
UTHY's dividend yield for the trailing twelve months is around 4.81%, more than BNDW's 4.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BNDW Vanguard Total World Bond ETF | 4.27% | 4.12% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% |
UTHY US Treasury 30 Year Bond ETF | 4.81% | 4.53% | 4.58% | 2.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UTHY and BNDW have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTHY has higher volatility (2.54%) compared to BNDW (1.10%). In terms of maximum drawdown, UTHY dropped -21.86% vs BNDW's -17.22%.
On 3-year performance, BNDW leads with 4.20% vs -1.17% for UTHY. On fees, BNDW is cheaper at 0.05% per year. On volatility, BNDW has been the lower-risk option at 1.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BNDW has performed better with a 4.20% return vs -1.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BNDW is cheaper with a 0.05% expense ratio, compared with 0.15% for UTHY.
UTHY has the higher dividend yield at 4.81%, compared with 4.27% for BNDW.
UTHY is categorized as Government Bonds, while BNDW is Global Bonds. UTHY tracks ICE BofA Current 30-Year US Treasury Index - Benchmark TR Gross, while BNDW tracks Bloomberg Global Aggregate Float Adjusted Composite Index. They also come from different issuers: US Benchmark Series and Vanguard. Their fees differ too: 0.15% for UTHY and 0.05% for BNDW.
BNDW currently has the higher Sharpe Ratio (0.56 vs -0.17), 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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