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VBND.AX vs. VVLU.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VBND.AX vs. VVLU.AX

Last updated Jul 18, 2026
Documentation

VBND.AX (Vanguard Global Aggregate Bond (Hedged) Index ETF) and VVLU.AX (Vanguard Global Value Equity Active ETF) are both exchange-traded funds - VBND.AX is a Total Bond Market fund tracking the Vanguard Global Aggregate Bond (Hedged) Index Index, while VVLU.AX is a Global Equities fund actively managed by Vanguard. VBND.AX is passively managed, while VVLU.AX is actively managed. Over the past 5 years, VBND.AX returned -1.47%/yr vs 14.07%/yr for VVLU.AX. At a correlation of -0.05, they often move in opposite directions.

Performance

VBND.AX vs. VVLU.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Vanguard Global Aggregate Bond (Hedged) Index ETF (VBND.AX) and Vanguard Global Value Equity Active ETF (VVLU.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VBND.AX achieves a -0.33% return, which is significantly lower than VVLU.AX's 9.72% return.

VBND.AX

1D
0.18%
1M
-0.39%
6M
0.11%
YTD
-0.33%
1Y
2.17%
3Y*
2.55%
5Y*
-1.47%
10Y*
—

VVLU.AX

1D
0.82%
1M
4.87%
6M
6.75%
YTD
9.72%
1Y
22.93%
3Y*
18.19%
5Y*
14.07%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VBND.AX vs. VVLU.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
VBND.AX
Vanguard Global Aggregate Bond (Hedged) Index ETF		-0.33%4.32%0.38%4.47%-14.06%-2.20%5.43%7.97%0.78%
VVLU.AX
Vanguard Global Value Equity Active ETF		9.72%18.04%15.87%18.15%0.35%37.99%-11.29%22.31%-14.12%

Correlation

The correlation between VBND.AX and VVLU.AX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.20

Correlation (3Y)
Calculated over the trailing 3-year period

0.09

Correlation (5Y)
Calculated over the trailing 5-year period

0.03

Correlation (All Time)
Calculated using the full available price history since Apr 17, 2018

-0.05

The correlation between VBND.AX and VVLU.AX shifts across timeframes, from -0.05 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.

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Vanguard Global Aggregate Bond (Hedged) Index ETF

Vanguard Global Value Equity Active ETF

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Often compared with VVLU.AX:
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Return for Risk

VBND.AX vs. VVLU.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VBND.AX
VBND.AX Risk / Return Rank: 1717
Overall Rank
VBND.AX Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
VBND.AX Sortino Ratio Rank: 1616
Sortino Ratio Rank
VBND.AX Omega Ratio Rank: 1919
Omega Ratio Rank
VBND.AX Calmar Ratio Rank: 1818
Calmar Ratio Rank
VBND.AX Martin Ratio Rank: 1818
Martin Ratio Rank
VVLU.AX
VVLU.AX Risk / Return Rank: 6666
Overall Rank
VVLU.AX Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
VVLU.AX Sortino Ratio Rank: 6969
Sortino Ratio Rank
VVLU.AX Omega Ratio Rank: 6666
Omega Ratio Rank
VVLU.AX Calmar Ratio Rank: 6565
Calmar Ratio Rank
VVLU.AX Martin Ratio Rank: 6262
Martin Ratio Rank
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.

VBND.AX vs. VVLU.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Aggregate Bond (Hedged) Index ETF (VBND.AX) and Vanguard Global Value Equity Active ETF (VVLU.AX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

VBND.AXVVLU.AXDifference
Sharpe ratioReturn per unit of total volatility
0.34
1.64

-1.30

Sortino ratioReturn per unit of downside risk
0.57
2.37

-1.81

Omega ratioGain probability vs. loss probability

1.10

1.29

-0.20

Calmar ratioReturn relative to maximum drawdown

0.53

2.39

-1.87

Martin ratioReturn relative to average drawdown

1.23

8.07

-6.84

VBND.AX vs. VVLU.AX - Sharpe Ratio Comparison

The current VBND.AX Sharpe Ratio is 0.34, which is lower than the VVLU.AX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of VBND.AX and VVLU.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VBND.AX vs. VVLU.AX - Drawdown Comparison

The maximum VBND.AX drawdown since its inception was -18.57%, smaller than the maximum VVLU.AX drawdown of -36.95%. Use the drawdown chart below to compare losses from any high point for VBND.AX and VVLU.AX.

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Drawdown Indicators

VBND.AXVVLU.AXDifference

Max Drawdown

Largest peak-to-trough decline

-18.57%

-36.95%

+18.38%

Max Drawdown (1Y)

Largest decline over 1 year

-4.02%

-9.30%

+5.28%

Max Drawdown (3Y)

Largest decline over 3 years

-4.51%

-14.80%

+10.29%

Max Drawdown (5Y)

Largest decline over 5 years

-18.17%

-14.80%

-3.37%

Current Drawdown

Current decline from peak

-8.35%

0.00%

-8.35%

Average Drawdown

Average peak-to-trough decline

-6.75%

-6.22%

-0.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.74%

2.78%

-1.04%

Volatility

VBND.AX vs. VVLU.AX - Volatility Comparison

The current volatility for Vanguard Global Aggregate Bond (Hedged) Index ETF (VBND.AX) is 0.83%, while Vanguard Global Value Equity Active ETF (VVLU.AX) has a volatility of 3.43%. This indicates that VBND.AX experiences smaller price fluctuations and is considered to be less risky than VVLU.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VBND.AXVVLU.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.83%

3.43%

-2.60%

Volatility (6M)

Calculated over the trailing 6-month period

5.90%

10.98%

-5.08%

Volatility (1Y)

Calculated over the trailing 1-year period

6.23%

13.62%

-7.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.54%

14.94%

-9.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.04%

17.96%

-12.92%

Dividends

VBND.AX vs. VVLU.AX - Dividend Comparison

VBND.AX's dividend yield for the trailing twelve months is around 8.46%, less than VVLU.AX's 10.90% yield.

PositionTTM20252024202320222021202020192018
VBND.AX
Vanguard Global Aggregate Bond (Hedged) Index ETF		8.46%2.55%1.00%1.30%1.07%8.61%4.52%2.08%0.90%
VVLU.AX
Vanguard Global Value Equity Active ETF		10.90%7.07%3.21%5.22%2.63%1.36%2.21%2.31%0.46%

Frequently Asked Questions

VBND.AX and VVLU.AX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VBND.AX is categorized as Total Bond Market, while VVLU.AX is Global Equities.

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