VFIDX vs. BNDX

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares (VFIDX) and Vanguard Total International Bond ETF (BNDX).

VFIDX is managed by Vanguard. It was launched on Feb 12, 2001. 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

VFIDX vs. BNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares (VFIDX) and Vanguard Total International Bond ETF (BNDX). The values are adjusted to include any dividend payments, if applicable.

VFIDX vs. BNDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VFIDX Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares	-0.98%	9.67%	3.29%	8.63%	-13.77%	-1.51%	10.44%	10.50%	-0.44%	4.28%
BNDX Vanguard Total International Bond ETF	0.02%	2.86%	3.57%	8.77%	-12.76%	-2.29%	4.65%	7.87%	2.81%	2.40%

Returns By Period

In the year-to-date period, VFIDX achieves a -0.98% return, which is significantly lower than BNDX's 0.02% return. Over the past 10 years, VFIDX has outperformed BNDX with an annualized return of 2.79%, while BNDX has yielded a comparatively lower 1.75% annualized return.

VFIDX

• 1D: 0.46%
• 1M: -2.01%
• YTD: -0.98%
• 6M: 0.04%
• 1Y: 5.43%
• 3Y*: 5.48%
• 5Y*: 1.40%
• 10Y*: 2.79%

BNDX

• 1D: 0.15%
• 1M: -1.65%
• YTD: 0.02%
• 6M: 0.27%
• 1Y: 2.71%
• 3Y*: 3.88%
• 5Y*: 0.20%
• 10Y*: 1.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VFIDX vs. BNDX - Expense Ratio Comparison

VFIDX 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%.

VFIDX

Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares

BNDX

Vanguard Total International Bond ETF

Return for Risk

VFIDX vs. BNDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VFIDX

VFIDX Risk / Return Rank: 67
VFIDX Sharpe Ratio Rank: 67
VFIDX Sortino Ratio Rank: 68
VFIDX Omega Ratio Rank: 54
VFIDX Calmar Ratio Rank: 77
VFIDX Martin Ratio Rank: 69

BNDX

BNDX Risk / Return Rank: 40
BNDX Sharpe Ratio Rank: 44
BNDX Sortino Ratio Rank: 40
BNDX Omega Ratio Rank: 36
BNDX Calmar Ratio Rank: 38
BNDX Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VFIDX vs. BNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares (VFIDX) 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.

	VFIDX	BNDX	Difference
Sharpe ratio Return per unit of total volatility	1.22	0.85	+0.37
Sortino ratio Return per unit of downside risk	1.75	1.19	+0.55
Omega ratio Gain probability vs. loss probability	1.22	1.15	+0.07
Calmar ratio Return relative to maximum drawdown	1.87	1.01	+0.86
Martin ratio Return relative to average drawdown	6.68	4.10	+2.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VFIDX vs. BNDX - Sharpe Ratio Comparison

The current VFIDX Sharpe Ratio is 1.22, which is higher than the BNDX Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of VFIDX and BNDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VFIDX	BNDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	0.85	+0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.04	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.43	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.61	+0.27

Correlation

The correlation between VFIDX and BNDX is 0.68, 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.

Dividends

VFIDX vs. BNDX - Dividend Comparison

VFIDX's dividend yield for the trailing twelve months is around 4.64%, more than BNDX's 4.46% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VFIDX Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares	4.64%	4.91%	4.65%	3.90%	3.20%	3.61%	5.80%	3.13%	3.32%	3.06%	3.94%	3.64%
BNDX Vanguard Total International Bond ETF	4.46%	4.39%	4.18%	4.42%	1.51%	3.74%	1.11%	3.40%	3.01%	2.23%	1.89%	1.63%

Drawdowns

VFIDX vs. BNDX - Drawdown Comparison

The maximum VFIDX drawdown since its inception was -20.14%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for VFIDX and BNDX.

Drawdown Indicators

	VFIDX	BNDX	Difference
Max Drawdown Largest peak-to-trough decline	-20.14%	-16.23%	-3.91%
Max Drawdown (1Y) Largest decline over 1 year	-3.34%	-2.93%	-0.41%
Max Drawdown (5Y) Largest decline over 5 years	-20.14%	-15.86%	-4.28%
Max Drawdown (10Y) Largest decline over 10 years	-20.14%	-16.23%	-3.91%
Current Drawdown Current decline from peak	-2.45%	-1.99%	-0.46%
Average Drawdown Average peak-to-trough decline	-2.61%	-3.10%	+0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	0.72%	+0.21%

Volatility

VFIDX vs. BNDX - Volatility Comparison

Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares (VFIDX) and Vanguard Total International Bond ETF (BNDX) have volatilities of 1.77% and 1.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VFIDX	BNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.77%	1.74%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	2.70%	2.29%	+0.41%
Volatility (1Y) Calculated over the trailing 1-year period	4.71%	3.21%	+1.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.35%	4.81%	+1.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.17%	4.05%	+1.12%