VIOO vs. BNDX
VIOO (Vanguard S&P Small-Cap 600 ETF) and BNDX (Vanguard Total International Bond ETF) are both exchange-traded funds - VIOO is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index, while BNDX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). Both are passively managed. Over the past 10 years, VIOO returned 11.35%/yr vs 1.72%/yr for BNDX. At a correlation of -0.00, they often move in opposite directions. Both charge a 0.07% expense ratio.
Performance
VIOO vs. BNDX - Performance Comparison
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Returns By Period
In the year-to-date period, VIOO achieves a 19.73% return, which is significantly higher than BNDX's 1.04% return. Over the past 10 years, VIOO has outperformed BNDX with an annualized return of 11.35%, while BNDX has yielded a comparatively lower 1.72% annualized return.
VIOO
- 1D
- 0.05%
- 1M
- 4.59%
- YTD
- 19.73%
- 6M
- 16.79%
- 1Y
- 36.99%
- 3Y*
- 16.33%
- 5Y*
- 6.65%
- 10Y*
- 11.35%
BNDX
- 1D
- -0.17%
- 1M
- 0.67%
- YTD
- 1.04%
- 6M
- 1.23%
- 1Y
- 2.08%
- 3Y*
- 4.14%
- 5Y*
- 0.42%
- 10Y*
- 1.72%
VIOO vs. BNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIOO Vanguard S&P Small-Cap 600 ETF | 19.73% | 6.04% | 8.48% | 16.16% | -16.26% | 26.79% | 11.47% | 22.68% | -8.65% | 13.16% |
BNDX Vanguard Total International Bond ETF | 1.04% | 2.86% | 3.57% | 8.77% | -12.76% | -2.29% | 4.65% | 7.87% | 2.81% | 2.40% |
Correlation
The correlation between VIOO and BNDX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2013 | -0.00 |
The correlation between VIOO and BNDX shifts across timeframes, from -0.00 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VIOO vs. BNDX — Risk / Return Rank
VIOO
BNDX
VIOO vs. BNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 ETF (VIOO) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VIOO | BNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.11 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 4.24 | 0.71 | +3.53 |
| Martin ratioReturn relative to average drawdown | 14.31 | 1.97 | +12.34 |
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Drawdowns
VIOO vs. BNDX - Drawdown Comparison
The maximum VIOO drawdown since its inception was -44.15%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for VIOO and BNDX.
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Drawdown Indicators
| VIOO | BNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.15% | -16.23% | -27.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.77% | -2.93% | -5.84% |
Max Drawdown (3Y)Largest decline over 3 years | -27.93% | -2.93% | -25.00% |
Max Drawdown (5Y)Largest decline over 5 years | -27.93% | -15.86% | -12.07% |
Max Drawdown (10Y)Largest decline over 10 years | -44.15% | -16.23% | -27.92% |
Current DrawdownCurrent decline from peak | -0.12% | -1.00% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -3.10% | -4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 1.06% | +1.53% |
Volatility
VIOO vs. BNDX - Volatility Comparison
Vanguard S&P Small-Cap 600 ETF (VIOO) has a higher volatility of 4.93% compared to Vanguard Total International Bond ETF (BNDX) at 0.96%. This indicates that VIOO'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
| VIOO | BNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 0.96% | +3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 12.10% | 2.97% | +9.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.80% | 3.46% | +14.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.40% | 4.89% | +16.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.01% | 4.10% | +18.91% |
VIOO vs. BNDX - Expense Ratio Comparison
Both VIOO and BNDX have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VIOO vs. BNDX - Dividend Comparison
VIOO's dividend yield for the trailing twelve months is around 1.13%, less than BNDX's 4.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.47% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
VIOO Vanguard S&P Small-Cap 600 ETF | 1.13% | 1.36% | 1.48% | 1.47% | 1.51% | 1.16% | 1.09% | 1.37% | 1.32% | 1.11% | 1.06% | 1.26% |
Frequently Asked Questions
VIOO and BNDX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIOO has higher volatility (4.93%) compared to BNDX (0.96%). In terms of maximum drawdown, VIOO dropped -44.15% vs BNDX's -16.23%.
On 10-year performance, VIOO leads with 11.35% vs 1.72% for BNDX. Both ETFs have the same 0.07% expense ratio. On volatility, BNDX has been the lower-risk option at 0.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VIOO has performed better with a 11.35% return vs 1.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VIOO and BNDX have the same expense ratio: 0.07% per year.
BNDX has the higher dividend yield at 4.47%, compared with 1.13% for VIOO.
VIOO is categorized as Small Cap Blend Equities, while BNDX is Global Bonds. VIOO tracks S&P SmallCap 600 Index, while BNDX tracks Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged).
VIOO currently has the higher Sharpe Ratio (2.09 vs 0.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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