VFIIX vs. BNDW
Compare and contrast key facts about Vanguard GNMA Fund Investor Shares (VFIIX) and Vanguard Total World Bond ETF (BNDW).
VFIIX is managed by Vanguard. It was launched on Jun 27, 1980. 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: VFIIX or BNDW.
Key characteristics
| VFIIX | BNDW | |
|---|---|---|
| YTD Return | 1.00% | 2.18% |
| 1Y Return | 6.95% | 6.97% |
| 3Y Return (Ann) | -1.80% | -1.62% |
| 5Y Return (Ann) | -0.51% | -0.13% |
| Sharpe Ratio | 1.34 | 1.65 |
| Sortino Ratio | 1.96 | 2.47 |
| Omega Ratio | 1.24 | 1.29 |
| Calmar Ratio | 0.64 | 0.62 |
| Martin Ratio | 4.58 | 6.01 |
| Ulcer Index | 1.81% | 1.34% |
| Daily Std Dev | 6.19% | 4.88% |
| Max Drawdown | -16.10% | -17.22% |
| Current Drawdown | -6.41% | -6.59% |
Correlation
The correlation between VFIIX and BNDW is 0.79, 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
VFIIX vs. BNDW - Performance Comparison
In the year-to-date period, VFIIX achieves a 1.00% return, which is significantly lower than BNDW's 2.18% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VFIIX vs. BNDW - Expense Ratio Comparison
VFIIX has a 0.21% 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
VFIIX vs. BNDW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard GNMA Fund Investor Shares (VFIIX) 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
VFIIX vs. BNDW - Dividend Comparison
VFIIX's dividend yield for the trailing twelve months is around 3.51%, less than BNDW's 4.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFIIX Vanguard GNMA Fund Investor Shares | 3.51% | 3.24% | 2.35% | 0.75% | 1.87% | 2.76% | 2.90% | 2.65% | 2.30% | 2.34% | 2.58% | 2.31% |
BNDW Vanguard Total World Bond ETF | 4.17% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VFIIX vs. BNDW - Drawdown Comparison
The maximum VFIIX drawdown since its inception was -16.10%, smaller than the maximum BNDW drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for VFIIX and BNDW. For additional features, visit the drawdowns tool.
Volatility
VFIIX vs. BNDW - Volatility Comparison
Vanguard GNMA Fund Investor Shares (VFIIX) has a higher volatility of 1.63% compared to Vanguard Total World Bond ETF (BNDW) at 1.25%. This indicates that VFIIX'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.