VAGE.DE vs. BNDX
VAGE.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist) and BNDX (Vanguard Total International Bond ETF) are both Global Bonds funds from Vanguard - VAGE.DE tracks the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged) while BNDX tracks the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). Both are passively managed. Over the past 5 years, VAGE.DE returned -1.65%/yr vs 1.42%/yr for BNDX. At a 0.24 correlation, their price movements are largely independent. VAGE.DE charges 0.10%/yr vs 0.07%/yr for BNDX.
Performance
VAGE.DE vs. BNDX - Performance Comparison
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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 -0.58% return, which is significantly lower than BNDX's 2.47% return.
VAGE.DE
- 1D
- 0.10%
- 1M
- -0.07%
- YTD
- -0.58%
- 6M
- -0.52%
- 1Y
- 1.25%
- 3Y*
- 2.06%
- 5Y*
- -1.65%
- 10Y*
- —
BNDX
- 1D
- 0.65%
- 1M
- 1.90%
- YTD
- 2.47%
- 6M
- 1.48%
- 1Y
- 1.35%
- 3Y*
- 1.47%
- 5Y*
- 1.42%
- 10Y*
- 1.54%
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 | -0.58% | 3.25% | 0.73% | 4.48% | -14.75% | -2.80% | 4.86% | 0.33% |
BNDX Vanguard Total International Bond ETF | 2.47% | -9.34% | 10.41% | 5.51% | -7.35% | 5.02% | -3.98% | 2.47% |
Correlation
The correlation between VAGE.DE and BNDX is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2019 | 0.24 |
The correlation between VAGE.DE and BNDX shifts across timeframes, from 0.05 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VAGE.DE vs. BNDX — Risk / Return Rank
VAGE.DE
BNDX
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 ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.04 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 0.28 | +0.10 |
| Martin ratioReturn relative to average drawdown | 1.08 | 0.68 | +0.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VAGE.DE | BNDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 0.22 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | 0.17 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 0.40 | -0.59 |
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.
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Drawdown Indicators
| VAGE.DE | BNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.43% | -15.38% | -4.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -4.77% | +1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -4.34% | -12.36% | +8.02% |
Max Drawdown (5Y)Largest decline over 5 years | -18.63% | -12.37% | -6.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.38% | — |
Current DrawdownCurrent decline from peak | -10.62% | -8.32% | -2.30% |
Average DrawdownAverage peak-to-trough decline | -8.88% | -5.74% | -3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 1.98% | -0.86% |
Volatility
VAGE.DE vs. BNDX - Volatility Comparison
Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.DE) has a higher volatility of 1.42% compared to Vanguard Total International Bond ETF (BNDX) at 1.32%. This indicates that VAGE.DE'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.
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Volatility by Period
| VAGE.DE | BNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.32% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 4.28% | -1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.57% | 6.10% | -2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.69% | 8.40% | -3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.49% | 8.07% | -3.58% |
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%.
Dividends
VAGE.DE vs. BNDX - Dividend Comparison
VAGE.DE's dividend yield for the trailing twelve months is around 3.60%, less than BNDX's 4.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.49% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
VAGE.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist | 3.60% | 3.51% | 3.13% | 2.39% | 1.47% | 0.87% | 1.20% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VAGE.DE and BNDX have a correlation of 0.05, 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 0.10% for VAGE.DE.
VAGE.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged), while BNDX tracks Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). Their fees differ too: 0.10% for VAGE.DE and 0.07% for BNDX.
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