VAGF.DE vs. BNDW

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) and Vanguard Total World Bond ETF (BNDW).

VAGF.DE and BNDW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VAGF.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. BNDW is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate Float Adjusted Composite Index. It was launched on Sep 4, 2018. Both VAGF.DE and BNDW 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

VAGF.DE vs. BNDW - Performance Comparison

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

VAGF.DE vs. BNDW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc	-0.63%	3.23%	0.82%	4.53%	-14.84%	-2.97%	5.07%	0.73%
BNDW Vanguard Total World Bond ETF	1.63%	-7.44%	9.18%	3.97%	-7.48%	5.23%	-2.54%	2.87%

Different Trading Currencies

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

Returns By Period

In the year-to-date period, VAGF.DE achieves a -0.63% return, which is significantly lower than BNDW's 1.55% return.

VAGF.DE

• 1D: 0.46%
• 1M: -1.42%
• YTD: -0.63%
• 6M: -0.21%
• 1Y: 1.04%
• 3Y*: 1.93%
• 5Y*: -1.64%
• 10Y*: —

BNDW

• 1D: 0.00%
• 1M: -0.51%
• YTD: 1.55%
• 6M: 1.88%
• 1Y: -3.65%
• 3Y*: 1.53%
• 5Y*: 0.57%
• 10Y*: —

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

VAGF.DE vs. BNDW - Expense Ratio Comparison

VAGF.DE has a 0.10% 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%.

VAGF.DE

Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc

BNDW

Vanguard Total World Bond ETF

Return for Risk

VAGF.DE vs. BNDW — Risk / Return Rank

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

VAGF.DE

VAGF.DE Risk / Return Rank: 19
VAGF.DE Sharpe Ratio Rank: 18
VAGF.DE Sortino Ratio Rank: 16
VAGF.DE Omega Ratio Rank: 15
VAGF.DE Calmar Ratio Rank: 22
VAGF.DE Martin Ratio Rank: 22

BNDW

BNDW Risk / Return Rank: 47
BNDW Sharpe Ratio Rank: 51
BNDW Sortino Ratio Rank: 47
BNDW Omega Ratio Rank: 41
BNDW Calmar Ratio Rank: 50
BNDW Martin Ratio Rank: 49

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.

VAGF.DE vs. BNDW - Risk-Adjusted Trends Comparison

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

	VAGF.DE	BNDW	Difference
Sharpe ratio Return per unit of total volatility	0.27	-0.48	+0.75
Sortino ratio Return per unit of downside risk	0.41	-0.59	+0.99
Omega ratio Gain probability vs. loss probability	1.05	0.92	+0.12
Calmar ratio Return relative to maximum drawdown	0.46	-0.42	+0.88
Martin ratio Return relative to average drawdown	1.46	-0.64	+2.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VAGF.DE vs. BNDW - Sharpe Ratio Comparison

The current VAGF.DE Sharpe Ratio is 0.27, which is higher than the BNDW Sharpe Ratio of -0.48. The chart below compares the historical Sharpe Ratios of VAGF.DE and BNDW, 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

	VAGF.DE	BNDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	-0.48	+0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.33	0.07	-0.41
Sharpe Ratio (All Time) Calculated using the full available price history	-0.17	0.24	-0.41

Correlation

The correlation between VAGF.DE and BNDW is 0.28, 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

VAGF.DE vs. BNDW - Dividend Comparison

VAGF.DE has not paid dividends to shareholders, while BNDW's dividend yield for the trailing twelve months is around 4.18%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BNDW Vanguard Total World Bond ETF	4.18%	4.12%	3.90%	3.73%	2.02%	2.58%	1.56%	3.05%	1.66%

Drawdowns

VAGF.DE vs. BNDW - Drawdown Comparison

The maximum VAGF.DE drawdown since its inception was -19.57%, which is greater than BNDW's maximum drawdown of -13.02%. Use the drawdown chart below to compare losses from any high point for VAGF.DE and BNDW.

Drawdown Indicators

	VAGF.DE	BNDW	Difference
Max Drawdown Largest peak-to-trough decline	-19.57%	-17.22%	-2.35%
Max Drawdown (1Y) Largest decline over 1 year	-2.93%	-2.70%	-0.23%
Max Drawdown (5Y) Largest decline over 5 years	-18.79%	-16.93%	-1.86%
Current Drawdown Current decline from peak	-10.68%	-1.85%	-8.83%
Average Drawdown Average peak-to-trough decline	-8.95%	-5.05%	-3.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	0.73%	+0.19%

Volatility

VAGF.DE vs. BNDW - Volatility Comparison

The current volatility for Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) is 1.53%, while Vanguard Total World Bond ETF (BNDW) has a volatility of 1.99%. This indicates that VAGF.DE experiences smaller price fluctuations and is considered to be less risky than BNDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VAGF.DE	BNDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.53%	1.99%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	2.43%	4.28%	-1.85%
Volatility (1Y) Calculated over the trailing 1-year period	3.91%	7.64%	-3.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.83%	8.11%	-3.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.70%	7.91%	-3.21%