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VFV.TO vs. BNDX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VFV.TO vs. BNDX

Last updated Jun 13, 2026

VFV.TO (Vanguard S&P 500 Index ETF) and BNDX (Vanguard Total International Bond ETF) are both exchange-traded funds - VFV.TO is a S&P 500 fund tracking the S&P 500 Index, while BNDX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). Both are passively managed. Over the past 10 years, VFV.TO returned 16.12%/yr vs 2.60%/yr for BNDX. At a 0.03 correlation, their price movements are largely independent. VFV.TO charges 0.09%/yr vs 0.07%/yr for BNDX.

Performance

VFV.TO vs. BNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard S&P 500 Index ETF (VFV.TO) and Vanguard Total International Bond ETF (BNDX). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VFV.TO is traded in CAD, while BNDX is traded in USD. To make them comparable, the BNDX values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VFV.TO achieves a 11.07% return, which is significantly higher than BNDX's 3.18% return. Over the past 10 years, VFV.TO has outperformed BNDX with an annualized return of 16.12%, while BNDX has yielded a comparatively lower 2.60% annualized return.

VFV.TO

1D
0.74%
1M
1.97%
YTD
11.07%
6M
10.94%
1Y
27.54%
3Y*
22.63%
5Y*
16.33%
10Y*
16.12%

BNDX

1D
0.45%
1M
3.13%
YTD
3.18%
6M
2.77%
1Y
4.33%
3Y*
5.92%
5Y*
3.28%
10Y*
2.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VFV.TO vs. BNDX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VFV.TO
Vanguard S&P 500 Index ETF		11.07%12.18%35.23%23.23%-12.58%27.51%15.61%25.14%2.95%13.69%
BNDX
Vanguard Total International Bond ETF		3.18%-1.83%12.34%6.18%-7.23%-2.34%2.16%3.42%11.46%-4.54%

Correlation

The correlation between VFV.TO and BNDX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.22

Correlation (3Y)
Calculated over the trailing 3-year period

0.09

Correlation (5Y)
Calculated over the trailing 5-year period

0.07

Correlation (10Y)
Calculated over the trailing 10-year period

0.04

Correlation (All Time)
Calculated using the full available price history since Jun 4, 2013

0.03

The correlation between VFV.TO and BNDX shifts across timeframes, from 0.03 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.

VFV.TO vs. BNDX - Sectors Allocation Comparison

Sectors
VFV.TO
BNDX

Technology

35.7%

-

Financial Services

11.6%
0.0%

Communication Services

11.3%
0.0%

Consumer Cyclical

10.2%

-

Healthcare

8.5%
0.0%

Industrials

8.3%
0.0%

Consumer Defensive

4.9%

-

Energy

3.5%
0.0%

Utilities

2.4%
0.0%

Real Estate

1.9%
0.0%

Basic Materials

1.8%

-

Technology

VFV.TO
35.7%
BNDX

-

Financial Services

VFV.TO
11.6%
BNDX
0.0%

Communication Services

VFV.TO
11.3%
BNDX
0.0%

Consumer Cyclical

VFV.TO
10.2%
BNDX

-

Healthcare

VFV.TO
8.5%
BNDX
0.0%

Industrials

VFV.TO
8.3%
BNDX
0.0%

Consumer Defensive

VFV.TO
4.9%
BNDX

-

Energy

VFV.TO
3.5%
BNDX
0.0%

Utilities

VFV.TO
2.4%
BNDX
0.0%

Real Estate

VFV.TO
1.9%
BNDX
0.0%

Basic Materials

VFV.TO
1.8%
BNDX

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard S&P 500 Index ETF

Vanguard Total International Bond ETF

Often compared with VFV.TO:
VFV.TO vs. XEQT.TOVFV.TO vs. VEQT.TOVFV.TO vs. VOOVFV.TO vs. QQC.TOVFV.TO vs. VSP.TOVFV.TO vs. VCN.TOVFV.TO vs. XQQ.TO
Often compared with BNDX:
BNDX vs. BNDBNDX vs. BNDWBNDX vs. VTABXBNDX vs. IAGGBNDX vs. FBIIXBNDX vs. IGOVBNDX vs. VWOB

Return for Risk

VFV.TO vs. BNDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VFV.TO
VFV.TO Risk / Return Rank: 7979
Overall Rank
VFV.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
VFV.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
VFV.TO Omega Ratio Rank: 8383
Omega Ratio Rank
VFV.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
VFV.TO Martin Ratio Rank: 7474
Martin Ratio Rank
BNDX
BNDX Risk / Return Rank: 1818
Overall Rank
BNDX Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
BNDX Sortino Ratio Rank: 1818
Sortino Ratio Rank
BNDX Omega Ratio Rank: 1818
Omega Ratio Rank
BNDX Calmar Ratio Rank: 1818
Calmar Ratio Rank
BNDX Martin Ratio Rank: 1919
Martin Ratio Rank
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.

VFV.TO vs. BNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Index ETF (VFV.TO) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

VFV.TOBNDXDifference
Sharpe ratioReturn per unit of total volatility
2.33
0.76

+1.57

Sortino ratioReturn per unit of downside risk
3.14
1.13

+2.01

Omega ratioGain probability vs. loss probability

1.43

1.13

+0.30

Calmar ratioReturn relative to maximum drawdown

3.21

0.99

+2.22

Martin ratioReturn relative to average drawdown

12.10

2.07

+10.03

VFV.TO vs. BNDX - Sharpe Ratio Comparison

The current VFV.TO Sharpe Ratio is 2.33, which is higher than the BNDX Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of VFV.TO and BNDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VFV.TO vs. BNDX - Drawdown Comparison

The maximum VFV.TO drawdown since its inception was -27.43%, which is greater than BNDX's maximum drawdown of -19.59%. Use the drawdown chart below to compare losses from any high point for VFV.TO and BNDX.

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Drawdown Indicators

VFV.TOBNDXDifference

Max Drawdown

Largest peak-to-trough decline

-27.43%

-19.59%

-7.84%

Max Drawdown (1Y)

Largest decline over 1 year

-8.62%

-4.38%

-4.24%

Max Drawdown (3Y)

Largest decline over 3 years

-19.05%

-6.79%

-12.26%

Max Drawdown (5Y)

Largest decline over 5 years

-22.19%

-13.67%

-8.52%

Max Drawdown (10Y)

Largest decline over 10 years

-27.43%

-19.59%

-7.84%

Current Drawdown

Current decline from peak

-1.46%

-1.79%

+0.33%

Average Drawdown

Average peak-to-trough decline

-3.35%

-5.79%

+2.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.28%

2.10%

+0.18%

Volatility

VFV.TO vs. BNDX - Volatility Comparison

Vanguard S&P 500 Index ETF (VFV.TO) has a higher volatility of 4.49% compared to Vanguard Total International Bond ETF (BNDX) at 1.74%. This indicates that VFV.TO's price experiences larger fluctuations and is considered to be riskier 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

VFV.TOBNDXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.49%

1.74%

+2.75%

Volatility (6M)

Calculated over the trailing 6-month period

9.22%

4.15%

+5.07%

Volatility (1Y)

Calculated over the trailing 1-year period

11.86%

5.70%

+6.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.99%

7.99%

+7.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.60%

7.86%

+8.74%

VFV.TO vs. BNDX - Expense Ratio Comparison

VFV.TO has a 0.09% 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%.

Dividends

VFV.TO vs. BNDX - Dividend Comparison

VFV.TO's dividend yield for the trailing twelve months is around 0.84%, less than BNDX's 4.47% yield.

PositionTTM20252024202320222021202020192018201720162015
BNDX
Vanguard Total International Bond ETF		4.47%4.39%4.18%4.42%1.51%3.74%1.11%3.40%3.01%2.23%1.89%1.63%
VFV.TO
Vanguard S&P 500 Index ETF		0.84%0.92%0.99%1.20%1.31%1.06%1.33%1.55%1.69%1.51%1.65%1.63%

Frequently Asked Questions

VFV.TO and BNDX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, BNDX is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

BNDX is cheaper with a 0.07% expense ratio, compared with 0.09% for VFV.TO.

VFV.TO is categorized as S&P 500, while BNDX is Global Bonds. VFV.TO tracks S&P 500 Index, while BNDX tracks Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). Their fees differ too: 0.09% for VFV.TO and 0.07% for BNDX.

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