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 Barclays Global Aggregate ex-USD Float-Adjusted Index (Hedged). It was launched on May 31, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBLAX or BNDX.
Key characteristics
| VBLAX | BNDX | |
|---|---|---|
| YTD Return | -0.75% | 3.09% |
| 1Y Return | 12.14% | 8.38% |
| 3Y Return (Ann) | -8.10% | -0.85% |
| 5Y Return (Ann) | -3.02% | 0.02% |
| Sharpe Ratio | 1.06 | 2.03 |
| Sortino Ratio | 1.56 | 3.10 |
| Omega Ratio | 1.18 | 1.36 |
| Calmar Ratio | 0.35 | 0.71 |
| Martin Ratio | 3.00 | 7.51 |
| Ulcer Index | 4.23% | 1.13% |
| Daily Std Dev | 11.97% | 4.19% |
| Max Drawdown | -40.12% | -16.23% |
| Current Drawdown | -28.77% | -4.51% |
Correlation
The correlation between VBLAX and BNDX is 0.77, 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.
Performance
VBLAX vs. BNDX - Performance Comparison
In the year-to-date period, VBLAX achieves a -0.75% return, which is significantly lower than BNDX's 3.09% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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%.
Risk-Adjusted Performance
VBLAX vs. BNDX - Risk-Adjusted Performance 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.
Dividends
VBLAX vs. BNDX - Dividend Comparison
VBLAX's dividend yield for the trailing twelve months is around 4.40%, less than BNDX's 4.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBLAX Vanguard Long-Term Bond Index Fund Admiral Shares | 4.40% | 4.08% | 3.99% | 2.85% | 2.95% | 3.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BNDX Vanguard Total International Bond ETF | 4.77% | 4.42% | 1.52% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
Drawdowns
VBLAX vs. BNDX - Drawdown Comparison
The maximum VBLAX drawdown since its inception was -40.12%, 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. For additional features, visit the drawdowns tool.
Volatility
VBLAX vs. BNDX - Volatility Comparison
Vanguard Long-Term Bond Index Fund Admiral Shares (VBLAX) has a higher volatility of 3.99% compared to Vanguard Total International Bond ETF (BNDX) at 0.97%. 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.