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 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: VGWAX or BNDX.
Key characteristics
| VGWAX | BNDX | |
|---|---|---|
| YTD Return | 8.39% | 2.86% |
| 1Y Return | 16.33% | 8.18% |
| 3Y Return (Ann) | 4.44% | -0.93% |
| 5Y Return (Ann) | 7.30% | -0.07% |
| Sharpe Ratio | 2.37 | 1.94 |
| Sortino Ratio | 3.35 | 2.98 |
| Omega Ratio | 1.45 | 1.34 |
| Calmar Ratio | 4.46 | 0.68 |
| Martin Ratio | 14.57 | 7.20 |
| Ulcer Index | 1.13% | 1.13% |
| Daily Std Dev | 6.92% | 4.19% |
| Max Drawdown | -25.28% | -16.23% |
| Current Drawdown | -1.92% | -4.72% |
Correlation
The correlation between VGWAX and BNDX is 0.13, 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.
Performance
VGWAX vs. BNDX - Performance Comparison
In the year-to-date period, VGWAX achieves a 8.39% return, which is significantly higher than BNDX's 2.86% 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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VGWAX vs. BNDX - Expense Ratio Comparison
VGWAX has a 0.29% expense ratio, which is higher than BNDX's 0.07% expense ratio.
Risk-Adjusted Performance
VGWAX vs. BNDX - Risk-Adjusted Performance 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.
Dividends
VGWAX vs. BNDX - Dividend Comparison
VGWAX's dividend yield for the trailing twelve months is around 3.13%, less than BNDX's 4.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGWAX Vanguard Global Wellington Fund Admiral Shares | 3.13% | 2.62% | 2.05% | 1.80% | 1.64% | 1.92% | 2.42% | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% |
BNDX Vanguard Total International Bond ETF | 4.78% | 4.42% | 1.52% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
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. For additional features, visit the drawdowns tool.
Volatility
VGWAX vs. BNDX - Volatility Comparison
Vanguard Global Wellington Fund Admiral Shares (VGWAX) has a higher volatility of 1.90% compared to Vanguard Total International Bond ETF (BNDX) at 0.99%. 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.