V3GS.L vs. BNDX
V3GS.L (Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating) and BNDX (Vanguard Total International Bond ETF) are both exchange-traded funds - V3GS.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR Hdg GBP, 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 5 years, V3GS.L returned 3.42%/yr vs 0.49%/yr for BNDX. At a 0.11 correlation, their price movements are largely independent. V3GS.L charges 0.15%/yr vs 0.07%/yr for BNDX.
Performance
V3GS.L vs. BNDX - Performance Comparison
Loading charts...
Different Trading Currencies
V3GS.L is traded in GBP, while BNDX is traded in USD. To make them comparable, the BNDX values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, V3GS.L achieves a 1.17% return, which is significantly higher than BNDX's 0.36% return.
V3GS.L
- 1D
- 0.00%
- 1M
- -0.58%
- 6M
- 0.77%
- YTD
- 1.17%
- 1Y
- 6.52%
- 3Y*
- 8.88%
- 5Y*
- 3.42%
- 10Y*
- —
BNDX
- 1D
- -0.89%
- 1M
- -1.14%
- 6M
- -0.44%
- YTD
- 0.36%
- 1Y
- 1.13%
- 3Y*
- 3.01%
- 5Y*
- 0.49%
- 10Y*
- 1.29%
V3GS.L vs. BNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
V3GS.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating | 1.17% | 10.46% | 7.79% | 12.25% | -12.52% | 2.21% |
BNDX Vanguard Total International Bond ETF | 0.36% | -4.46% | 5.38% | 3.33% | -2.39% | 5.16% |
Correlation
The correlation between V3GS.L and BNDX is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since May 20, 2021 | 0.11 |
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
V3GS.L vs. BNDX — Risk / Return Rank
V3GS.L
BNDX
V3GS.L vs. BNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating (V3GS.L) 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.
| V3GS.L | BNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.03 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 0.19 | +2.85 |
| Martin ratioReturn relative to average drawdown | 10.13 | 0.41 | +9.72 |
Loading charts...
Drawdowns
V3GS.L vs. BNDX - Drawdown Comparison
The maximum V3GS.L drawdown since its inception was -18.23%, which is greater than BNDX's maximum drawdown of -17.24%. Use the drawdown chart below to compare losses from any high point for V3GS.L and BNDX.
Loading charts...
Drawdown Indicators
| V3GS.L | BNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.23% | -17.24% | -0.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.14% | -6.10% | +3.96% |
Max Drawdown (3Y)Largest decline over 3 years | -2.73% | -9.36% | +6.63% |
Max Drawdown (5Y)Largest decline over 5 years | -18.23% | -15.22% | -3.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.24% | — |
Current DrawdownCurrent decline from peak | -0.96% | -9.46% | +8.50% |
Average DrawdownAverage peak-to-trough decline | -4.49% | -7.43% | +2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 2.75% | -2.11% |
Volatility
V3GS.L vs. BNDX - Volatility Comparison
The current volatility for Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating (V3GS.L) is 1.09%, while Vanguard Total International Bond ETF (BNDX) has a volatility of 2.20%. This indicates that V3GS.L experiences smaller price fluctuations and is considered to be less risky than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| V3GS.L | BNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 2.20% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 4.94% | -1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 6.33% | -2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.84% | 8.75% | -2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.77% | 9.06% | -3.29% |
V3GS.L vs. BNDX - Expense Ratio Comparison
V3GS.L has a 0.15% 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
V3GS.L vs. BNDX - Dividend Comparison
V3GS.L's dividend yield for the trailing twelve months is around 2.53%, less than BNDX's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.51% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
V3GS.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating | 2.53% | 3.59% | 4.25% | 4.00% | 2.43% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
V3GS.L and BNDX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BNDX is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BNDX is cheaper with a 0.07% expense ratio, compared with 0.15% for V3GS.L.
V3GS.L is categorized as Global Corporate Bonds, while BNDX is Global Bonds. V3GS.L tracks Bloomberg Gbl Agg Corp TR Hdg GBP, while BNDX tracks Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). Their fees differ too: 0.15% for V3GS.L and 0.07% for BNDX.
Find the right allocation for V3GS.L and BNDX
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