VTABX vs. DAIOX
VTABX (Vanguard Total International Bond Index Fund Admiral Shares) and DAIOX (Dunham International Opportunity Bond Fund) are both Global Bonds funds. Over the past 10 years, VTABX returned 1.78%/yr vs 1.01%/yr for DAIOX. At a 0.44 correlation, their price movements are largely independent. VTABX charges 0.10%/yr vs 1.58%/yr for DAIOX.
Performance
VTABX vs. DAIOX - Performance Comparison
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Returns By Period
In the year-to-date period, VTABX achieves a 0.92% return, which is significantly lower than DAIOX's 3.14% return. Over the past 10 years, VTABX has outperformed DAIOX with an annualized return of 1.78%, while DAIOX has yielded a comparatively lower 1.01% annualized return.
VTABX
- 1D
- -0.16%
- 1M
- 0.91%
- YTD
- 0.92%
- 6M
- 1.13%
- 1Y
- 2.16%
- 3Y*
- 4.24%
- 5Y*
- 0.44%
- 10Y*
- 1.78%
DAIOX
- 1D
- -0.13%
- 1M
- 1.17%
- YTD
- 3.14%
- 6M
- 3.25%
- 1Y
- 6.20%
- 3Y*
- 7.22%
- 5Y*
- 1.65%
- 10Y*
- 1.01%
VTABX vs. DAIOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTABX Vanguard Total International Bond Index Fund Admiral Shares | 0.92% | 2.96% | 3.92% | 8.77% | -12.92% | -2.22% | 4.54% | 8.83% | 2.97% | 2.39% |
DAIOX Dunham International Opportunity Bond Fund | 3.14% | 5.68% | 5.33% | 12.18% | -14.11% | -2.18% | 3.85% | 3.82% | -5.00% | 9.50% |
Correlation
The correlation between VTABX and DAIOX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2013 | 0.44 |
Over the past year, VTABX and DAIOX have become more correlated (0.69) than their long-term average of 0.44, meaning their price movements have been converging.
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Return for Risk
VTABX vs. DAIOX — Risk / Return Rank
VTABX
DAIOX
VTABX vs. DAIOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond Index Fund Admiral Shares (VTABX) and Dunham International Opportunity Bond Fund (DAIOX). 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.
| VTABX | DAIOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.44 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 2.41 | -1.64 |
| Martin ratioReturn relative to average drawdown | 2.08 | 9.99 | -7.92 |
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Drawdowns
VTABX vs. DAIOX - Drawdown Comparison
The maximum VTABX drawdown since its inception was -16.16%, smaller than the maximum DAIOX drawdown of -27.58%. Use the drawdown chart below to compare losses from any high point for VTABX and DAIOX.
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Drawdown Indicators
| VTABX | DAIOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.16% | -27.58% | +11.42% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -2.58% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -2.90% | -3.91% | +1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | -24.80% | +8.99% |
Max Drawdown (10Y)Largest decline over 10 years | -16.16% | -24.96% | +8.80% |
Current DrawdownCurrent decline from peak | -0.94% | -0.25% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -3.04% | -9.18% | +6.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.62% | +0.45% |
Volatility
VTABX vs. DAIOX - Volatility Comparison
Vanguard Total International Bond Index Fund Admiral Shares (VTABX) and Dunham International Opportunity Bond Fund (DAIOX) have volatilities of 0.90% and 0.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTABX | DAIOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 0.87% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 2.85% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.07% | 3.24% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.45% | 4.66% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.62% | 5.86% | -2.24% |
VTABX vs. DAIOX - Expense Ratio Comparison
VTABX has a 0.10% expense ratio, which is lower than DAIOX's 1.58% expense ratio.
Dividends
VTABX vs. DAIOX - Dividend Comparison
VTABX's dividend yield for the trailing twelve months is around 4.44%, more than DAIOX's 3.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAIOX Dunham International Opportunity Bond Fund | 3.94% | 4.22% | 4.16% | 4.56% | 7.17% | 2.88% | 2.23% | 0.23% | 0.42% | 0.11% | 1.10% | 0.05% |
VTABX Vanguard Total International Bond Index Fund Admiral Shares | 4.44% | 4.36% | 4.33% | 4.39% | 1.48% | 3.70% | 1.08% | 4.28% | 3.00% | 2.23% | 1.80% | 1.64% |
Frequently Asked Questions
VTABX and DAIOX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTABX has higher volatility (0.90%) compared to DAIOX (0.87%). In terms of maximum drawdown, VTABX dropped -16.16% vs DAIOX's -27.58%.
DAIOX currently has the higher Sharpe Ratio (1.92 vs 0.72), 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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