VCPIX vs. BNDX
Compare and contrast key facts about Vanguard Core-Plus Bond Fund Investor Shares (VCPIX) and Vanguard Total International Bond ETF (BNDX).
VCPIX is managed by Vanguard. It was launched on Oct 25, 2021. BNDX is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). It was launched on May 31, 2013.
Performance
VCPIX vs. BNDX - Performance Comparison
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VCPIX vs. BNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VCPIX Vanguard Core-Plus Bond Fund Investor Shares | -0.54% | 8.01% | 2.83% | 6.64% | -12.68% | 0.35% |
BNDX Vanguard Total International Bond ETF | -0.13% | 2.86% | 3.57% | 8.77% | -12.76% | -0.21% |
Returns By Period
In the year-to-date period, VCPIX achieves a -0.54% return, which is significantly lower than BNDX's -0.13% return.
VCPIX
- 1D
- 0.47%
- 1M
- -2.26%
- YTD
- -0.54%
- 6M
- 0.60%
- 1Y
- 4.41%
- 3Y*
- 4.65%
- 5Y*
- —
- 10Y*
- —
BNDX
- 1D
- 0.54%
- 1M
- -2.14%
- YTD
- -0.13%
- 6M
- 0.17%
- 1Y
- 2.81%
- 3Y*
- 3.83%
- 5Y*
- 0.17%
- 10Y*
- 1.73%
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VCPIX vs. BNDX - Expense Ratio Comparison
VCPIX has a 0.30% expense ratio, which is higher than BNDX's 0.07% expense ratio.
Return for Risk
VCPIX vs. BNDX — Risk / Return Rank
VCPIX
BNDX
VCPIX vs. BNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond Fund Investor Shares (VCPIX) 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.
| VCPIX | BNDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.16 | 0.88 | +0.28 |
Sortino ratioReturn per unit of downside risk | 1.67 | 1.23 | +0.44 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.16 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.90 | 0.96 | +0.95 |
Martin ratioReturn relative to average drawdown | 6.39 | 3.94 | +2.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VCPIX | BNDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 0.88 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.04 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.60 | -0.48 |
Correlation
The correlation between VCPIX and BNDX is 0.80, 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.
Dividends
VCPIX vs. BNDX - Dividend Comparison
VCPIX's dividend yield for the trailing twelve months is around 4.36%, less than BNDX's 4.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCPIX Vanguard Core-Plus Bond Fund Investor Shares | 4.36% | 4.76% | 5.08% | 4.46% | 3.15% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BNDX Vanguard Total International Bond ETF | 4.45% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
Drawdowns
VCPIX vs. BNDX - Drawdown Comparison
The maximum VCPIX drawdown since its inception was -17.33%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for VCPIX and BNDX.
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Drawdown Indicators
| VCPIX | BNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.33% | -16.23% | -1.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -2.93% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.86% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.23% | — |
Current DrawdownCurrent decline from peak | -2.26% | -2.14% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -6.80% | -3.10% | -3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.71% | +0.10% |
Volatility
VCPIX vs. BNDX - Volatility Comparison
The current volatility for Vanguard Core-Plus Bond Fund Investor Shares (VCPIX) is 1.55%, while Vanguard Total International Bond ETF (BNDX) has a volatility of 1.73%. This indicates that VCPIX experiences smaller price fluctuations and is considered to be less risky than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCPIX | BNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.73% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.40% | 2.28% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.08% | 3.21% | +0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.75% | 4.81% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.75% | 4.05% | +1.70% |