VTC vs. BNDX
Compare and contrast key facts about Vanguard Total Corporate Bond ETF (VTC) and Vanguard Total International Bond ETF (BNDX).
VTC and BNDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VTC is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Barclays U.S. Corporate Bond Index. It was launched on Nov 7, 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. Both VTC and BNDX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTC or BNDX.
Performance
VTC vs. BNDX - Performance Comparison
Returns By Period
In the year-to-date period, VTC achieves a 2.47% return, which is significantly lower than BNDX's 3.15% return.
VTC
2.47%
-2.15%
3.43%
8.71%
0.46%
N/A
BNDX
3.15%
-0.28%
3.75%
7.38%
0.00%
2.04%
Key characteristics
| VTC | BNDX | |
|---|---|---|
| Sharpe Ratio | 1.55 | 1.89 |
| Sortino Ratio | 2.30 | 2.86 |
| Omega Ratio | 1.27 | 1.33 |
| Calmar Ratio | 0.62 | 0.70 |
| Martin Ratio | 5.92 | 6.87 |
| Ulcer Index | 1.60% | 1.14% |
| Daily Std Dev | 6.09% | 4.13% |
| Max Drawdown | -22.05% | -16.23% |
| Current Drawdown | -7.83% | -4.45% |
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VTC vs. BNDX - Expense Ratio Comparison
VTC has a 0.04% expense ratio, which is lower than BNDX's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between VTC and BNDX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
VTC vs. BNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Corporate Bond ETF (VTC) 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
VTC vs. BNDX - Dividend Comparison
VTC's dividend yield for the trailing twelve months is around 4.35%, less than BNDX's 4.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTC Vanguard Total Corporate Bond ETF | 4.35% | 3.81% | 3.13% | 2.36% | 2.69% | 3.34% | 3.54% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% |
BNDX Vanguard Total International Bond ETF | 4.77% | 4.42% | 1.52% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
Drawdowns
VTC vs. BNDX - Drawdown Comparison
The maximum VTC drawdown since its inception was -22.05%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for VTC and BNDX. For additional features, visit the drawdowns tool.
Volatility
VTC vs. BNDX - Volatility Comparison
Vanguard Total Corporate Bond ETF (VTC) has a higher volatility of 1.94% compared to Vanguard Total International Bond ETF (BNDX) at 0.95%. This indicates that VTC'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.