VGCAX vs. BNDW
Compare and contrast key facts about Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) and Vanguard Total World Bond ETF (BNDW).
VGCAX is managed by Vanguard. It was launched on Nov 15, 2018. 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: VGCAX or BNDW.
Key characteristics
| VGCAX | BNDW | |
|---|---|---|
| YTD Return | 4.64% | 2.65% |
| 1Y Return | 11.45% | 8.47% |
| 3Y Return (Ann) | -0.49% | -1.47% |
| 5Y Return (Ann) | 1.89% | 0.00% |
| Sharpe Ratio | 2.49 | 1.77 |
| Sortino Ratio | 3.86 | 2.65 |
| Omega Ratio | 1.46 | 1.31 |
| Calmar Ratio | 0.92 | 0.64 |
| Martin Ratio | 12.78 | 6.50 |
| Ulcer Index | 0.91% | 1.32% |
| Daily Std Dev | 4.68% | 4.87% |
| Max Drawdown | -18.63% | -17.22% |
| Current Drawdown | -2.64% | -6.15% |
Correlation
The correlation between VGCAX and BNDW is 0.91, 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
VGCAX vs. BNDW - Performance Comparison
In the year-to-date period, VGCAX achieves a 4.64% return, which is significantly higher than BNDW's 2.65% 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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VGCAX vs. BNDW - Expense Ratio Comparison
VGCAX has a 0.25% 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
VGCAX vs. BNDW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) 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
VGCAX vs. BNDW - Dividend Comparison
VGCAX's dividend yield for the trailing twelve months is around 4.50%, more than BNDW's 4.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
VGCAX Vanguard Global Credit Bond Fund Admiral Shares | 4.50% | 4.49% | 2.72% | 1.62% | 2.35% | 3.66% | 0.36% |
BNDW Vanguard Total World Bond ETF | 4.15% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% |
Drawdowns
VGCAX vs. BNDW - Drawdown Comparison
The maximum VGCAX drawdown since its inception was -18.63%, which is greater than BNDW's maximum drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for VGCAX and BNDW. For additional features, visit the drawdowns tool.
Volatility
VGCAX vs. BNDW - Volatility Comparison
Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) and Vanguard Total World Bond ETF (BNDW) have volatilities of 1.23% and 1.25%, 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.