VGHY vs. BNDX

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard High-Yield Active ETF (VGHY) and Vanguard Total International Bond ETF (BNDX).

VGHY and BNDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VGHY is an actively managed fund by Vanguard. It was launched on Sep 16, 2025. 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

VGHY vs. BNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard High-Yield Active ETF (VGHY) and Vanguard Total International Bond ETF (BNDX). The values are adjusted to include any dividend payments, if applicable.

VGHY vs. BNDX - Yearly Performance Comparison

	2026 (YTD)	2025
VGHY Vanguard High-Yield Active ETF	-0.05%	1.80%
BNDX Vanguard Total International Bond ETF	0.02%	0.29%

Returns By Period

In the year-to-date period, VGHY achieves a -0.05% return, which is significantly lower than BNDX's 0.02% return.

VGHY

• 1D: 0.32%
• 1M: -0.78%
• YTD: -0.05%
• 6M: 1.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

VGHY vs. BNDX - Expense Ratio Comparison

VGHY has a 0.22% 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%.

VGHY

Vanguard High-Yield Active ETF

BNDX

Vanguard Total International Bond ETF

Return for Risk

VGHY vs. BNDX — Risk / Return Rank

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

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.

VGHY vs. BNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Active ETF (VGHY) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	VGHY	BNDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.85	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.04	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.61	+0.13

Correlation

The correlation between VGHY and BNDX is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

VGHY vs. BNDX - Dividend Comparison

VGHY's dividend yield for the trailing twelve months is around 3.00%, less than BNDX's 4.46% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VGHY Vanguard High-Yield Active ETF	3.00%	1.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

VGHY vs. BNDX - Drawdown Comparison

The maximum VGHY drawdown since its inception was -2.66%, smaller than the maximum BNDX drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for VGHY and BNDX.

Drawdown Indicators

	VGHY	BNDX	Difference
Max Drawdown Largest peak-to-trough decline	-2.66%	-16.23%	+13.57%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.93%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.86%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-16.23%	—
Current Drawdown Current decline from peak	-1.20%	-1.99%	+0.79%
Average Drawdown Average peak-to-trough decline	-0.45%	-3.10%	+2.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.72%	—

Volatility

Volatility by Period

	VGHY	BNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.46%	3.21%	+1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.46%	4.81%	-0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.46%	4.05%	+0.41%