VGWAX vs. BNDX
Compare and contrast key facts about Vanguard Global Wellington Fund Admiral Shares (VGWAX) and Vanguard Total International Bond ETF (BNDX).
VGWAX is managed by Vanguard. It was launched on Nov 2, 2017. 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
VGWAX vs. BNDX - Performance Comparison
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VGWAX vs. BNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VGWAX Vanguard Global Wellington Fund Admiral Shares | 2.68% | 17.48% | 6.27% | 12.54% | -7.07% | 13.51% | 7.51% | 22.16% | -5.05% |
BNDX Vanguard Total International Bond ETF | 0.02% | 2.86% | 3.57% | 8.77% | -12.76% | -2.29% | 4.65% | 7.87% | 2.60% |
Returns By Period
In the year-to-date period, VGWAX achieves a 2.68% return, which is significantly higher than BNDX's 0.02% return.
VGWAX
- 1D
- 1.61%
- 1M
- -4.28%
- YTD
- 2.68%
- 6M
- 7.07%
- 1Y
- 15.96%
- 3Y*
- 11.90%
- 5Y*
- 7.69%
- 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%
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VGWAX vs. BNDX - Expense Ratio Comparison
VGWAX has a 0.29% expense ratio, which is higher than BNDX's 0.07% expense ratio.
Return for Risk
VGWAX vs. BNDX — Risk / Return Rank
VGWAX
BNDX
VGWAX vs. BNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Wellington Fund Admiral Shares (VGWAX) 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.
| VGWAX | BNDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.64 | 0.85 | +0.79 |
Sortino ratioReturn per unit of downside risk | 2.26 | 1.19 | +1.07 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.15 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.29 | 1.01 | +1.28 |
Martin ratioReturn relative to average drawdown | 9.01 | 4.10 | +4.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VGWAX | BNDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 0.85 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.04 | +0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.61 | +0.15 |
Correlation
The correlation between VGWAX and BNDX is 0.17, 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
VGWAX vs. BNDX - Dividend Comparison
VGWAX's dividend yield for the trailing twelve months is around 6.59%, more than BNDX's 4.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGWAX Vanguard Global Wellington Fund Admiral Shares | 6.59% | 6.78% | 7.47% | 2.66% | 4.50% | 3.36% | 1.64% | 2.08% | 2.62% | 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
VGWAX vs. BNDX - Drawdown Comparison
The maximum VGWAX drawdown since its inception was -25.28%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for VGWAX and BNDX.
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Drawdown Indicators
| VGWAX | BNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.28% | -16.23% | -9.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.04% | -2.93% | -4.11% |
Max Drawdown (5Y)Largest decline over 5 years | -17.46% | -15.86% | -1.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.23% | — |
Current DrawdownCurrent decline from peak | -4.94% | -1.99% | -2.95% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -3.10% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 0.72% | +1.07% |
Volatility
VGWAX vs. BNDX - Volatility Comparison
Vanguard Global Wellington Fund Admiral Shares (VGWAX) has a higher volatility of 3.86% compared to Vanguard Total International Bond ETF (BNDX) at 1.74%. This indicates that VGWAX'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
| VGWAX | BNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 1.74% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 6.00% | 2.29% | +3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.69% | 3.21% | +6.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.12% | 4.81% | +4.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.00% | 4.05% | +6.95% |