VTIFX vs. BNDX
Compare and contrast key facts about Vanguard Total International Bond Index Fund Institutional Shares (VTIFX) and Vanguard Total International Bond ETF (BNDX).
VTIFX is managed by Vanguard. It was launched on May 31, 2013. 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
VTIFX vs. BNDX - Performance Comparison
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VTIFX vs. BNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTIFX Vanguard Total International Bond Index Fund Institutional Shares | -0.42% | 3.02% | 3.91% | 9.04% | -12.89% | -2.20% | 4.59% | 7.89% | 2.99% | 2.43% |
BNDX Vanguard Total International Bond ETF | 0.02% | 2.86% | 3.57% | 8.77% | -12.76% | -2.29% | 4.65% | 7.87% | 2.81% | 2.40% |
Returns By Period
In the year-to-date period, VTIFX achieves a -0.42% return, which is significantly lower than BNDX's 0.02% return. Both investments have delivered pretty close results over the past 10 years, with VTIFX having a 1.76% annualized return and BNDX not far behind at 1.75%.
VTIFX
- 1D
- 0.35%
- 1M
- -1.97%
- YTD
- -0.42%
- 6M
- 0.05%
- 1Y
- 2.46%
- 3Y*
- 3.91%
- 5Y*
- 0.23%
- 10Y*
- 1.76%
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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VTIFX vs. BNDX - Expense Ratio Comparison
Both VTIFX 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%.
Return for Risk
VTIFX vs. BNDX — Risk / Return Rank
VTIFX
BNDX
VTIFX vs. BNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond Index Fund Institutional Shares (VTIFX) 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.
| VTIFX | BNDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 0.85 | +0.05 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.19 | +0.06 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.15 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.96 | 1.01 | -0.05 |
Martin ratioReturn relative to average drawdown | 3.97 | 4.10 | -0.13 |
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
| VTIFX | BNDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 0.85 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.04 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.43 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.61 | +0.12 |
Correlation
The correlation between VTIFX and BNDX is 0.85, 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.
Dividends
VTIFX vs. BNDX - Dividend Comparison
VTIFX's dividend yield for the trailing twelve months is around 4.25%, less than BNDX's 4.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTIFX Vanguard Total International Bond Index Fund Institutional Shares | 4.25% | 4.40% | 4.38% | 4.60% | 1.52% | 3.73% | 1.12% | 3.42% | 3.03% | 2.29% | 1.84% | 1.68% |
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
VTIFX vs. BNDX - Drawdown Comparison
The maximum VTIFX drawdown since its inception was -16.07%, roughly equal to the maximum BNDX drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for VTIFX and BNDX.
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Drawdown Indicators
| VTIFX | BNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.07% | -16.23% | +0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -2.93% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -15.75% | -15.86% | +0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -16.07% | -16.23% | +0.16% |
Current DrawdownCurrent decline from peak | -2.27% | -1.99% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -2.99% | -3.10% | +0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.72% | -0.02% |
Volatility
VTIFX vs. BNDX - Volatility Comparison
The current volatility for Vanguard Total International Bond Index Fund Institutional Shares (VTIFX) is 1.47%, while Vanguard Total International Bond ETF (BNDX) has a volatility of 1.74%. This indicates that VTIFX experiences smaller price fluctuations and is considered to be less risky 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
| VTIFX | BNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 1.74% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.03% | 2.29% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.07% | 3.21% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.38% | 4.81% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.57% | 4.05% | -0.48% |