VCORX vs. BNDW
Compare and contrast key facts about Vanguard Core Bond Fund Investor Shares (VCORX) and Vanguard Total World Bond ETF (BNDW).
VCORX is managed by Vanguard. It was launched on Mar 28, 2016. BNDW is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Barclays Global Aggregate Float Adjusted TR Index. It was launched on Sep 4, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VCORX or BNDW.
Key characteristics
| VCORX | BNDW | |
|---|---|---|
| YTD Return | 2.76% | 2.69% |
| 1Y Return | 9.58% | 8.64% |
| 3Y Return (Ann) | -2.20% | -1.67% |
| 5Y Return (Ann) | 0.39% | 0.07% |
| Sharpe Ratio | 1.52 | 1.64 |
| Sortino Ratio | 2.26 | 2.44 |
| Omega Ratio | 1.27 | 1.29 |
| Calmar Ratio | 0.54 | 0.59 |
| Martin Ratio | 5.72 | 6.08 |
| Ulcer Index | 1.52% | 1.32% |
| Daily Std Dev | 5.72% | 4.90% |
| Max Drawdown | -19.06% | -17.22% |
| Current Drawdown | -8.01% | -6.11% |
Correlation
The correlation between VCORX and BNDW is 0.91, 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
VCORX vs. BNDW - Performance Comparison
The year-to-date returns for both stocks are quite close, with VCORX having a 2.76% return and BNDW slightly lower at 2.69%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VCORX vs. BNDW - Expense Ratio Comparison
VCORX has a 0.20% expense ratio, which is higher than BNDW's 0.06% 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%.
Risk-Adjusted Performance
VCORX vs. BNDW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Core Bond Fund Investor Shares (VCORX) and Vanguard Total World Bond ETF (BNDW). 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
VCORX vs. BNDW - Dividend Comparison
VCORX's dividend yield for the trailing twelve months is around 4.47%, more than BNDW's 4.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
VCORX Vanguard Core Bond Fund Investor Shares | 4.47% | 3.99% | 2.91% | 1.11% | 1.65% | 2.92% | 2.99% | 2.09% | 1.59% |
BNDW Vanguard Total World Bond ETF | 4.15% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% | 0.00% | 0.00% |
Drawdowns
VCORX vs. BNDW - Drawdown Comparison
The maximum VCORX drawdown since its inception was -19.06%, which is greater than BNDW's maximum drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for VCORX and BNDW. For additional features, visit the drawdowns tool.
Volatility
VCORX vs. BNDW - Volatility Comparison
Vanguard Core Bond Fund Investor Shares (VCORX) has a higher volatility of 1.63% compared to Vanguard Total World Bond ETF (BNDW) at 1.25%. This indicates that VCORX's price experiences larger fluctuations and is considered to be riskier than BNDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.