BNDX vs. VCADX
Compare and contrast key facts about Vanguard Total International Bond ETF (BNDX) and Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX).
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. VCADX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNDX or VCADX.
Key characteristics
| BNDX | VCADX | |
|---|---|---|
| YTD Return | 3.44% | 2.24% |
| 1Y Return | 10.85% | 9.43% |
| 3Y Return (Ann) | -0.62% | 0.59% |
| 5Y Return (Ann) | -0.01% | 1.44% |
| 10Y Return (Ann) | 2.13% | 2.26% |
| Sharpe Ratio | 2.33 | 3.13 |
| Sortino Ratio | 3.57 | 5.41 |
| Omega Ratio | 1.42 | 1.80 |
| Calmar Ratio | 0.74 | 1.04 |
| Martin Ratio | 9.29 | 13.76 |
| Ulcer Index | 1.10% | 0.65% |
| Daily Std Dev | 4.38% | 2.85% |
| Max Drawdown | -16.23% | -11.14% |
| Current Drawdown | -4.19% | -0.69% |
Correlation
The correlation between BNDX and VCADX is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BNDX vs. VCADX - Performance Comparison
In the year-to-date period, BNDX achieves a 3.44% return, which is significantly higher than VCADX's 2.24% return. Over the past 10 years, BNDX has underperformed VCADX with an annualized return of 2.13%, while VCADX has yielded a comparatively higher 2.26% annualized 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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BNDX vs. VCADX - Expense Ratio Comparison
BNDX has a 0.07% expense ratio, which is lower than VCADX's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
BNDX vs. VCADX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond ETF (BNDX) and Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX). 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
BNDX vs. VCADX - Dividend Comparison
BNDX's dividend yield for the trailing twelve months is around 4.72%, more than VCADX's 2.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.72% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
VCADX Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares | 2.77% | 2.57% | 2.36% | 2.13% | 2.26% | 2.52% | 2.71% | 2.66% | 2.78% | 2.87% | 3.08% | 3.40% |
Drawdowns
BNDX vs. VCADX - Drawdown Comparison
The maximum BNDX drawdown since its inception was -16.23%, which is greater than VCADX's maximum drawdown of -11.14%. Use the drawdown chart below to compare losses from any high point for BNDX and VCADX. For additional features, visit the drawdowns tool.
Volatility
BNDX vs. VCADX - Volatility Comparison
Vanguard Total International Bond ETF (BNDX) has a higher volatility of 0.97% compared to Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX) at 0.62%. This indicates that BNDX's price experiences larger fluctuations and is considered to be riskier than VCADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.