VBLAX vs. BNDX
Compare and contrast key facts about Vanguard Long-Term Bond Index Fund Admiral Shares (VBLAX) and Vanguard Total International Bond ETF (BNDX).
VBLAX is managed by Vanguard. It was launched on Feb 7, 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.
Performance
VBLAX vs. BNDX - Performance Comparison
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VBLAX vs. BNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VBLAX Vanguard Long-Term Bond Index Fund Admiral Shares | -1.15% | 6.57% | -4.14% | 7.55% | -27.22% | -3.36% | 15.75% | 16.45% |
BNDX Vanguard Total International Bond ETF | -0.13% | 2.86% | 3.57% | 8.77% | -12.76% | -2.29% | 4.65% | 6.62% |
Returns By Period
In the year-to-date period, VBLAX achieves a -1.15% return, which is significantly lower than BNDX's -0.13% return.
VBLAX
- 1D
- 1.07%
- 1M
- -4.25%
- YTD
- -1.15%
- 6M
- -1.40%
- 1Y
- 1.61%
- 3Y*
- 0.74%
- 5Y*
- -2.98%
- 10Y*
- —
BNDX
- 1D
- 0.54%
- 1M
- -2.14%
- YTD
- -0.13%
- 6M
- 0.17%
- 1Y
- 2.81%
- 3Y*
- 3.83%
- 5Y*
- 0.17%
- 10Y*
- 1.73%
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VBLAX vs. BNDX - Expense Ratio Comparison
Both VBLAX and BNDX have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
VBLAX vs. BNDX — Risk / Return Rank
VBLAX
BNDX
VBLAX vs. BNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Bond Index Fund Admiral Shares (VBLAX) 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.
| VBLAX | BNDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.27 | 0.88 | -0.60 |
Sortino ratioReturn per unit of downside risk | 0.43 | 1.23 | -0.80 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.16 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.53 | 0.96 | -0.42 |
Martin ratioReturn relative to average drawdown | 1.30 | 3.94 | -2.64 |
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
| VBLAX | BNDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 0.88 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | 0.04 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.60 | -0.57 |
Correlation
The correlation between VBLAX and BNDX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VBLAX vs. BNDX - Dividend Comparison
VBLAX's dividend yield for the trailing twelve months is around 4.34%, less than BNDX's 4.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBLAX Vanguard Long-Term Bond Index Fund Admiral Shares | 4.34% | 4.64% | 4.61% | 4.08% | 4.13% | 2.62% | 5.39% | 3.25% | 0.00% | 0.00% | 0.00% | 0.00% |
BNDX Vanguard Total International Bond ETF | 4.45% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
Drawdowns
VBLAX vs. BNDX - Drawdown Comparison
The maximum VBLAX drawdown since its inception was -38.62%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for VBLAX and BNDX.
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Drawdown Indicators
| VBLAX | BNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.62% | -16.23% | -22.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.87% | -2.93% | -3.94% |
Max Drawdown (5Y)Largest decline over 5 years | -36.32% | -15.86% | -20.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.23% | — |
Current DrawdownCurrent decline from peak | -25.71% | -2.14% | -23.57% |
Average DrawdownAverage peak-to-trough decline | -17.93% | -3.10% | -14.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 0.71% | +2.10% |
Volatility
VBLAX vs. BNDX - Volatility Comparison
Vanguard Long-Term Bond Index Fund Admiral Shares (VBLAX) has a higher volatility of 3.34% compared to Vanguard Total International Bond ETF (BNDX) at 1.73%. This indicates that VBLAX'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
| VBLAX | BNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 1.73% | +1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 5.47% | 2.28% | +3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.52% | 3.21% | +6.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.89% | 4.81% | +8.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.74% | 4.05% | +8.69% |