VGCAX vs. BNDX
Compare and contrast key facts about Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) and Vanguard Total International Bond ETF (BNDX).
VGCAX is managed by Vanguard. It was launched on Nov 15, 2018. BNDX is a passively managed fund by Vanguard that tracks the performance of the Barclays Global Aggregate ex-USD Float-Adjusted Index (Hedged). It was launched on May 31, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VGCAX or BNDX.
Key characteristics
| VGCAX | BNDX | |
|---|---|---|
| YTD Return | 4.64% | 3.01% |
| 1Y Return | 11.64% | 8.40% |
| 3Y Return (Ann) | -0.75% | -1.05% |
| 5Y Return (Ann) | 1.94% | 0.05% |
| Sharpe Ratio | 2.31 | 1.89 |
| Sortino Ratio | 3.54 | 2.89 |
| Omega Ratio | 1.42 | 1.33 |
| Calmar Ratio | 0.85 | 0.66 |
| Martin Ratio | 12.02 | 7.05 |
| Ulcer Index | 0.91% | 1.13% |
| Daily Std Dev | 4.72% | 4.21% |
| Max Drawdown | -18.63% | -16.23% |
| Current Drawdown | -2.64% | -4.59% |
Correlation
The correlation between VGCAX and BNDX is 0.83, 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. BNDX - Performance Comparison
In the year-to-date period, VGCAX achieves a 4.64% return, which is significantly higher than BNDX's 3.01% 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. BNDX - Expense Ratio Comparison
VGCAX has a 0.25% 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%.
Risk-Adjusted Performance
VGCAX vs. BNDX - 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 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.
Dividends
VGCAX vs. BNDX - Dividend Comparison
VGCAX's dividend yield for the trailing twelve months is around 4.50%, less than BNDX's 4.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGCAX Vanguard Global Credit Bond Fund Admiral Shares | 4.50% | 4.49% | 2.72% | 1.62% | 2.35% | 3.66% | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BNDX Vanguard Total International Bond ETF | 4.77% | 4.42% | 1.52% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
Drawdowns
VGCAX vs. BNDX - Drawdown Comparison
The maximum VGCAX drawdown since its inception was -18.63%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for VGCAX and BNDX. For additional features, visit the drawdowns tool.
Volatility
VGCAX vs. BNDX - Volatility Comparison
Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) has a higher volatility of 1.23% compared to Vanguard Total International Bond ETF (BNDX) at 0.96%. This indicates that VGCAX'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.