VWO vs. BINC
VWO (Vanguard FTSE Emerging Markets ETF) and BINC (iShares Flexible Income Active ETF) are both exchange-traded funds - VWO is a Emerging Markets Equities fund tracking the FTSE Emerging Index, while BINC is a Multisector Bonds fund actively managed by iShares. VWO is passively managed, while BINC is actively managed. Over the past 3 years, VWO returned 16.84%/yr vs 7.04%/yr for BINC. At a 0.42 correlation, their price movements are largely independent. VWO charges 0.08%/yr vs 0.40%/yr for BINC.
Performance
VWO vs. BINC - Performance Comparison
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Returns By Period
In the year-to-date period, VWO achieves a 13.17% return, which is significantly higher than BINC's 1.29% return.
VWO
- 1D
- 2.17%
- 1M
- 4.11%
- YTD
- 13.17%
- 6M
- 15.35%
- 1Y
- 29.26%
- 3Y*
- 16.84%
- 5Y*
- 5.83%
- 10Y*
- 9.11%
BINC
- 1D
- 0.15%
- 1M
- 0.92%
- YTD
- 1.29%
- 6M
- 1.78%
- 1Y
- 5.90%
- 3Y*
- 7.04%
- 5Y*
- —
- 10Y*
- —
VWO vs. BINC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VWO Vanguard FTSE Emerging Markets ETF | 13.17% | 25.60% | 10.59% | 5.99% |
BINC iShares Flexible Income Active ETF | 1.29% | 7.57% | 5.76% | 7.12% |
Correlation
The correlation between VWO and BINC is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since May 23, 2023 | 0.42 |
The correlation between VWO and BINC has been stable across timeframes, ranging from 0.42 to 0.50 - a consistent structural relationship.
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Return for Risk
VWO vs. BINC — Risk / Return Rank
VWO
BINC
VWO vs. BINC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets ETF (VWO) and iShares Flexible Income Active ETF (BINC). 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.
| VWO | BINC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.52 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 2.20 | +0.43 |
| Martin ratioReturn relative to average drawdown | 9.28 | 8.60 | +0.67 |
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Drawdowns
VWO vs. BINC - Drawdown Comparison
The maximum VWO drawdown since its inception was -67.68%, which is greater than BINC's maximum drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for VWO and BINC.
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Drawdown Indicators
| VWO | BINC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.68% | -2.69% | -64.99% |
Max Drawdown (1Y)Largest decline over 1 year | -11.17% | -2.69% | -8.48% |
Max Drawdown (3Y)Largest decline over 3 years | -17.37% | -2.69% | -14.68% |
Max Drawdown (5Y)Largest decline over 5 years | -32.60% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.39% | — | — |
Current DrawdownCurrent decline from peak | -0.57% | -0.10% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -15.80% | -0.36% | -15.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 0.69% | +2.47% |
Volatility
VWO vs. BINC - Volatility Comparison
Vanguard FTSE Emerging Markets ETF (VWO) has a higher volatility of 6.98% compared to iShares Flexible Income Active ETF (BINC) at 0.75%. This indicates that VWO's price experiences larger fluctuations and is considered to be riskier than BINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWO | BINC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.98% | 0.75% | +6.23% |
Volatility (6M)Calculated over the trailing 6-month period | 14.18% | 1.87% | +12.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.62% | 2.30% | +14.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.51% | 2.99% | +14.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.24% | 2.99% | +16.25% |
VWO vs. BINC - Expense Ratio Comparison
VWO has a 0.08% expense ratio, which is lower than BINC's 0.40% expense ratio.
Dividends
VWO vs. BINC - Dividend Comparison
VWO's dividend yield for the trailing twelve months is around 2.38%, less than BINC's 5.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 5.84% | 5.86% | 6.14% | 3.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWO Vanguard FTSE Emerging Markets ETF | 2.38% | 2.79% | 3.20% | 3.52% | 4.11% | 2.63% | 1.91% | 3.23% | 2.88% | 2.30% | 2.52% | 3.26% |
Frequently Asked Questions
VWO and BINC have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VWO has higher volatility (6.98%) compared to BINC (0.75%). In terms of maximum drawdown, VWO dropped -67.68% vs BINC's -2.69%.
On 3-year performance, VWO leads with 16.84% vs 7.04% for BINC. On fees, VWO is cheaper at 0.08% per year. On volatility, BINC has been the lower-risk option at 0.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VWO has performed better with a 16.84% return vs 7.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VWO is cheaper with a 0.08% expense ratio, compared with 0.40% for BINC.
BINC has the higher dividend yield at 5.84%, compared with 2.38% for VWO.
VWO is categorized as Emerging Markets Equities, while BINC is Multisector Bonds. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.08% for VWO and 0.40% for BINC.
BINC currently has the higher Sharpe Ratio (2.58 vs 1.77), 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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