PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
VVLU.AX vs. VBND.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VVLU.AX vs. VBND.AX

Last updated Jul 18, 2026
Documentation

VVLU.AX (Vanguard Global Value Equity Active ETF) and VBND.AX (Vanguard Global Aggregate Bond (Hedged) Index ETF) are both exchange-traded funds - VVLU.AX is a Global Equities fund actively managed by Vanguard, while VBND.AX is a Total Bond Market fund tracking the Vanguard Global Aggregate Bond (Hedged) Index Index. VVLU.AX is actively managed, while VBND.AX is passively managed. Over the past 5 years, VVLU.AX returned 14.07%/yr vs -1.47%/yr for VBND.AX. At a correlation of -0.05, they often move in opposite directions.

Performance

VVLU.AX vs. VBND.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Vanguard Global Value Equity Active ETF (VVLU.AX) and Vanguard Global Aggregate Bond (Hedged) Index ETF (VBND.AX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, VVLU.AX achieves a 9.72% return, which is significantly higher than VBND.AX's -0.33% return.

VVLU.AX

1D
0.82%
1M
4.87%
6M
6.75%
YTD
9.72%
1Y
22.93%
3Y*
18.19%
5Y*
14.07%
10Y*
—

VBND.AX

1D
0.18%
1M
-0.39%
6M
0.11%
YTD
-0.33%
1Y
2.17%
3Y*
2.55%
5Y*
-1.47%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VVLU.AX vs. VBND.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
VVLU.AX
Vanguard Global Value Equity Active ETF		9.72%18.04%15.87%18.15%0.35%37.99%-11.29%22.31%-14.12%
VBND.AX
Vanguard Global Aggregate Bond (Hedged) Index ETF		-0.33%4.32%0.38%4.47%-14.06%-2.20%5.43%7.97%0.78%

Correlation

The correlation between VVLU.AX and VBND.AX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.20

Correlation (3Y)
Calculated over the trailing 3-year period

0.09

Correlation (5Y)
Calculated over the trailing 5-year period

0.03

Correlation (All Time)
Calculated using the full available price history since Apr 17, 2018

-0.05

The correlation between VVLU.AX and VBND.AX shifts across timeframes, from -0.05 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Global Value Equity Active ETF

Vanguard Global Aggregate Bond (Hedged) Index ETF

Often compared with VVLU.AX:
VVLU.AX vs. VAE.AXVVLU.AX vs. SEMI.AXVVLU.AX vs. VDGR.AXVVLU.AX vs. HGEN.AXVVLU.AX vs. HJPN.AXVVLU.AX vs. IAA.AXVVLU.AX vs. IFRA.AX
Often compared with VBND.AX:
VBND.AX vs. VAE.AXVBND.AX vs. BNDS.AXVBND.AX vs. BOND.AXVBND.AX vs. IAF.AXVBND.AX vs. IHEB.AXVBND.AX vs. IHHY.AXVBND.AX vs. QPON.AX

Return for Risk

VVLU.AX vs. VBND.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VVLU.AX
VVLU.AX Risk / Return Rank: 6666
Overall Rank
VVLU.AX Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
VVLU.AX Sortino Ratio Rank: 6969
Sortino Ratio Rank
VVLU.AX Omega Ratio Rank: 6666
Omega Ratio Rank
VVLU.AX Calmar Ratio Rank: 6565
Calmar Ratio Rank
VVLU.AX Martin Ratio Rank: 6262
Martin Ratio Rank
VBND.AX
VBND.AX Risk / Return Rank: 1717
Overall Rank
VBND.AX Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
VBND.AX Sortino Ratio Rank: 1616
Sortino Ratio Rank
VBND.AX Omega Ratio Rank: 1919
Omega Ratio Rank
VBND.AX Calmar Ratio Rank: 1818
Calmar Ratio Rank
VBND.AX Martin Ratio Rank: 1818
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VVLU.AX vs. VBND.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Value Equity Active ETF (VVLU.AX) and Vanguard Global Aggregate Bond (Hedged) Index ETF (VBND.AX). 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.

VVLU.AXVBND.AXDifference
Sharpe ratioReturn per unit of total volatility
1.64
0.34

+1.30

Sortino ratioReturn per unit of downside risk
2.37
0.57

+1.81

Omega ratioGain probability vs. loss probability

1.29

1.10

+0.20

Calmar ratioReturn relative to maximum drawdown

2.39

0.53

+1.87

Martin ratioReturn relative to average drawdown

8.07

1.23

+6.84

VVLU.AX vs. VBND.AX - Sharpe Ratio Comparison

The current VVLU.AX Sharpe Ratio is 1.64, which is higher than the VBND.AX Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of VVLU.AX and VBND.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

VVLU.AX vs. VBND.AX - Drawdown Comparison

The maximum VVLU.AX drawdown since its inception was -36.95%, which is greater than VBND.AX's maximum drawdown of -18.57%. Use the drawdown chart below to compare losses from any high point for VVLU.AX and VBND.AX.

Loading charts...

Drawdown Indicators

VVLU.AXVBND.AXDifference

Max Drawdown

Largest peak-to-trough decline

-36.95%

-18.57%

-18.38%

Max Drawdown (1Y)

Largest decline over 1 year

-9.30%

-4.02%

-5.28%

Max Drawdown (3Y)

Largest decline over 3 years

-14.80%

-4.51%

-10.29%

Max Drawdown (5Y)

Largest decline over 5 years

-14.80%

-18.17%

+3.37%

Current Drawdown

Current decline from peak

0.00%

-8.35%

+8.35%

Average Drawdown

Average peak-to-trough decline

-6.22%

-6.75%

+0.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.78%

1.74%

+1.04%

Volatility

VVLU.AX vs. VBND.AX - Volatility Comparison

Vanguard Global Value Equity Active ETF (VVLU.AX) has a higher volatility of 3.43% compared to Vanguard Global Aggregate Bond (Hedged) Index ETF (VBND.AX) at 0.83%. This indicates that VVLU.AX's price experiences larger fluctuations and is considered to be riskier than VBND.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

VVLU.AXVBND.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.43%

0.83%

+2.60%

Volatility (6M)

Calculated over the trailing 6-month period

10.98%

5.90%

+5.08%

Volatility (1Y)

Calculated over the trailing 1-year period

13.62%

6.23%

+7.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.94%

5.54%

+9.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.96%

5.04%

+12.92%

Dividends

VVLU.AX vs. VBND.AX - Dividend Comparison

VVLU.AX's dividend yield for the trailing twelve months is around 10.90%, more than VBND.AX's 8.46% yield.

PositionTTM20252024202320222021202020192018
VBND.AX
Vanguard Global Aggregate Bond (Hedged) Index ETF		8.46%2.55%1.00%1.30%1.07%8.61%4.52%2.08%0.90%
VVLU.AX
Vanguard Global Value Equity Active ETF		10.90%7.07%3.21%5.22%2.63%1.36%2.21%2.31%0.46%

Frequently Asked Questions

VVLU.AX and VBND.AX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VVLU.AX is categorized as Global Equities, while VBND.AX is Total Bond Market.

Portfolio Optimizer

Find the right allocation for VVLU.AX and VBND.AX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer