VAGE.DE vs. BNDX

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.DE) and Vanguard Total International Bond ETF (BNDX).

VAGE.DE and BNDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VAGE.DE is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). It was launched on Jun 18, 2019. BNDX is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). It was launched on May 31, 2013. Both VAGE.DE and BNDX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

VAGE.DE vs. BNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.DE) and Vanguard Total International Bond ETF (BNDX). The values are adjusted to include any dividend payments, if applicable.

VAGE.DE vs. BNDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VAGE.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist	-0.81%	3.25%	0.73%	4.48%	-14.75%	-2.80%	4.86%	0.33%
BNDX Vanguard Total International Bond ETF	1.56%	-9.34%	10.41%	5.51%	-7.35%	5.02%	-3.98%	2.47%

Different Trading Currencies

VAGE.DE is traded in EUR, while BNDX is traded in USD. To make them comparable, the BNDX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, VAGE.DE achieves a -0.81% return, which is significantly lower than BNDX's 1.56% return.

VAGE.DE

• 1D: 0.13%
• 1M: -1.87%
• YTD: -0.81%
• 6M: -0.52%
• 1Y: 0.99%
• 3Y*: 1.87%
• 5Y*: -1.68%
• 10Y*: —

BNDX

• 1D: 0.05%
• 1M: -0.62%
• YTD: 1.56%
• 6M: 1.69%
• 1Y: -4.16%
• 3Y*: 1.66%
• 5Y*: 0.56%
• 10Y*: 1.59%

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

VAGE.DE vs. BNDX - Expense Ratio Comparison

VAGE.DE has a 0.10% 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%.

VAGE.DE

Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist

BNDX

Vanguard Total International Bond ETF

Return for Risk

VAGE.DE vs. BNDX — Risk / Return Rank

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

VAGE.DE

VAGE.DE Risk / Return Rank: 18
VAGE.DE Sharpe Ratio Rank: 18
VAGE.DE Sortino Ratio Rank: 16
VAGE.DE Omega Ratio Rank: 15
VAGE.DE Calmar Ratio Rank: 19
VAGE.DE Martin Ratio Rank: 20

BNDX

BNDX Risk / Return Rank: 40
BNDX Sharpe Ratio Rank: 44
BNDX Sortino Ratio Rank: 40
BNDX Omega Ratio Rank: 36
BNDX Calmar Ratio Rank: 38
BNDX Martin Ratio Rank: 42

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.

VAGE.DE vs. BNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.DE) 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.

	VAGE.DE	BNDX	Difference
Sharpe ratio Return per unit of total volatility	0.27	-0.55	+0.83
Sortino ratio Return per unit of downside risk	0.39	-0.69	+1.09
Omega ratio Gain probability vs. loss probability	1.05	0.91	+0.14
Calmar ratio Return relative to maximum drawdown	0.36	-0.49	+0.85
Martin ratio Return relative to average drawdown	1.25	-0.76	+2.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VAGE.DE vs. BNDX - Sharpe Ratio Comparison

The current VAGE.DE Sharpe Ratio is 0.27, which is higher than the BNDX Sharpe Ratio of -0.55. The chart below compares the historical Sharpe Ratios of VAGE.DE and BNDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VAGE.DE	BNDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	-0.55	+0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.36	0.07	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.20	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.20	0.39	-0.60

Correlation

The correlation between VAGE.DE and BNDX is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

VAGE.DE vs. BNDX - Dividend Comparison

VAGE.DE's dividend yield for the trailing twelve months is around 3.56%, less than BNDX's 4.46% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VAGE.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist	3.56%	3.51%	3.13%	2.39%	1.47%	0.87%	1.20%	0.60%	0.00%	0.00%	0.00%	0.00%
BNDX Vanguard Total International Bond ETF	4.46%	4.39%	4.18%	4.42%	1.51%	3.74%	1.11%	3.40%	3.01%	2.23%	1.89%	1.63%

Drawdowns

VAGE.DE vs. BNDX - Drawdown Comparison

The maximum VAGE.DE drawdown since its inception was -19.43%, which is greater than BNDX's maximum drawdown of -15.38%. Use the drawdown chart below to compare losses from any high point for VAGE.DE and BNDX.

Drawdown Indicators

	VAGE.DE	BNDX	Difference
Max Drawdown Largest peak-to-trough decline	-19.43%	-16.23%	-3.20%
Max Drawdown (1Y) Largest decline over 1 year	-2.92%	-2.93%	+0.01%
Max Drawdown (5Y) Largest decline over 5 years	-18.63%	-15.86%	-2.77%
Max Drawdown (10Y) Largest decline over 10 years	—	-16.23%	—
Current Drawdown Current decline from peak	-10.84%	-1.99%	-8.85%
Average Drawdown Average peak-to-trough decline	-8.84%	-3.10%	-5.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	0.72%	+0.13%

Volatility

VAGE.DE vs. BNDX - Volatility Comparison

The current volatility for Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.DE) is 1.81%, while Vanguard Total International Bond ETF (BNDX) has a volatility of 1.99%. This indicates that VAGE.DE 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.

Volatility by Period

	VAGE.DE	BNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.81%	1.99%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	2.48%	4.23%	-1.75%
Volatility (1Y) Calculated over the trailing 1-year period	3.66%	7.56%	-3.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.63%	8.44%	-3.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.49%	8.10%	-3.61%