VCOBX vs. BNDX
Compare and contrast key facts about Vanguard Core Bond Fund Admiral Shares (VCOBX) and Vanguard Total International Bond ETF (BNDX).
VCOBX is managed by Vanguard. It was launched on Mar 28, 2016. 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: VCOBX or BNDX.
Performance
VCOBX vs. BNDX - Performance Comparison
Returns By Period
In the year-to-date period, VCOBX achieves a 2.16% return, which is significantly lower than BNDX's 3.07% return.
VCOBX
2.16%
-0.73%
3.49%
6.91%
0.19%
N/A
BNDX
3.07%
0.12%
4.03%
7.01%
-0.06%
2.01%
Key characteristics
| VCOBX | BNDX | |
|---|---|---|
| Sharpe Ratio | 1.26 | 1.70 |
| Sortino Ratio | 1.87 | 2.57 |
| Omega Ratio | 1.22 | 1.30 |
| Calmar Ratio | 0.48 | 0.62 |
| Martin Ratio | 4.28 | 6.13 |
| Ulcer Index | 1.61% | 1.14% |
| Daily Std Dev | 5.46% | 4.11% |
| Max Drawdown | -18.91% | -16.23% |
| Current Drawdown | -8.30% | -4.53% |
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VCOBX vs. BNDX - Expense Ratio Comparison
VCOBX has a 0.10% expense ratio, which is higher than BNDX's 0.07% 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%.
Correlation
The correlation between VCOBX 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.
Risk-Adjusted Performance
VCOBX vs. BNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Core Bond Fund Admiral Shares (VCOBX) 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
VCOBX vs. BNDX - Dividend Comparison
VCOBX's dividend yield for the trailing twelve months is around 4.61%, less than BNDX's 4.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCOBX Vanguard Core Bond Fund Admiral Shares | 4.61% | 4.10% | 3.02% | 1.22% | 1.80% | 3.09% | 3.11% | 2.20% | 1.68% | 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
VCOBX vs. BNDX - Drawdown Comparison
The maximum VCOBX drawdown since its inception was -18.91%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for VCOBX and BNDX. For additional features, visit the drawdowns tool.
Volatility
VCOBX vs. BNDX - Volatility Comparison
Vanguard Core Bond Fund Admiral Shares (VCOBX) has a higher volatility of 1.45% compared to Vanguard Total International Bond ETF (BNDX) at 0.79%. This indicates that VCOBX'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.