VFICX vs. BNDW
Compare and contrast key facts about Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) and Vanguard Total World Bond ETF (BNDW).
VFICX is managed by Vanguard. It was launched on Nov 1, 1993. BNDW is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate Float Adjusted Composite Index. It was launched on Sep 4, 2018.
Performance
VFICX vs. BNDW - Performance Comparison
Loading graphics...
VFICX vs. BNDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VFICX Vanguard Intermediate-Term Investment-Grade Fund Investor Shares | -1.00% | 9.55% | 3.21% | 8.53% | -13.86% | -1.59% | 10.33% | 10.39% | 0.72% |
BNDW Vanguard Total World Bond ETF | 0.09% | 5.02% | 2.42% | 7.18% | -12.88% | -2.10% | 6.22% | 8.37% | 1.21% |
Returns By Period
In the year-to-date period, VFICX achieves a -1.00% return, which is significantly lower than BNDW's 0.09% return.
VFICX
- 1D
- 0.46%
- 1M
- -2.01%
- YTD
- -1.00%
- 6M
- -0.01%
- 1Y
- 5.33%
- 3Y*
- 5.38%
- 5Y*
- 1.31%
- 10Y*
- 2.69%
BNDW
- 1D
- 0.13%
- 1M
- -1.46%
- YTD
- 0.09%
- 6M
- 0.53%
- 1Y
- 3.34%
- 3Y*
- 3.77%
- 5Y*
- 0.23%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VFICX vs. BNDW - Expense Ratio Comparison
VFICX has a 0.20% expense ratio, which is higher than BNDW's 0.05% 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%.
Return for Risk
VFICX vs. BNDW — Risk / Return Rank
VFICX
BNDW
VFICX vs. BNDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) 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.
| VFICX | BNDW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 0.95 | +0.24 |
Sortino ratioReturn per unit of downside risk | 1.71 | 1.34 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.17 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.35 | +0.48 |
Martin ratioReturn relative to average drawdown | 6.55 | 4.95 | +1.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VFICX | BNDW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 0.95 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.04 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.37 | +0.60 |
Correlation
The correlation between VFICX and BNDW is 0.87, 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
VFICX vs. BNDW - Dividend Comparison
VFICX's dividend yield for the trailing twelve months is around 4.54%, more than BNDW's 4.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFICX Vanguard Intermediate-Term Investment-Grade Fund Investor Shares | 4.54% | 4.81% | 4.57% | 3.81% | 3.09% | 3.53% | 5.70% | 3.03% | 3.20% | 2.96% | 3.84% | 3.54% |
BNDW Vanguard Total World Bond ETF | 4.18% | 4.12% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% | 0.00% | 0.00% | 0.00% |
Drawdowns
VFICX vs. BNDW - Drawdown Comparison
The maximum VFICX drawdown since its inception was -20.24%, which is greater than BNDW's maximum drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for VFICX and BNDW.
Loading graphics...
Drawdown Indicators
| VFICX | BNDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.24% | -17.22% | -3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -2.70% | -0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -20.24% | -16.93% | -3.31% |
Max Drawdown (10Y)Largest decline over 10 years | -20.24% | — | — |
Current DrawdownCurrent decline from peak | -2.45% | -1.85% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -2.49% | -5.05% | +2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.73% | +0.20% |
Volatility
VFICX vs. BNDW - Volatility Comparison
Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) has a higher volatility of 1.77% compared to Vanguard Total World Bond ETF (BNDW) at 1.67%. This indicates that VFICX'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.
Loading graphics...
Volatility by Period
| VFICX | BNDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.67% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 2.29% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.70% | 3.53% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 5.17% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.16% | 4.92% | +0.24% |