VWOB vs. BNDX
Compare and contrast key facts about Vanguard Emerging Markets Government Bond ETF (VWOB) and Vanguard Total International Bond ETF (BNDX).
VWOB and BNDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VWOB is a passively managed fund by Vanguard that tracks the performance of the Barclays USD Emerging Markets Government RIC Capped Index. It was launched on May 31, 2013. 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 VWOB 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: VWOB or BNDX.
Key characteristics
| VWOB | BNDX | |
|---|---|---|
| YTD Return | -1.19% | -1.41% |
| 1Y Return | 6.32% | 3.10% |
| 3Y Return (Ann) | -2.84% | -2.13% |
| 5Y Return (Ann) | 0.22% | 0.01% |
| 10Y Return (Ann) | 2.34% | 1.97% |
| Sharpe Ratio | 0.81 | 0.81 |
| Daily Std Dev | 8.58% | 4.90% |
| Max Drawdown | -26.98% | -16.23% |
| Current Drawdown | -11.62% | -8.68% |
Correlation
The correlation between VWOB and BNDX is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VWOB vs. BNDX - Performance Comparison
In the year-to-date period, VWOB achieves a -1.19% return, which is significantly higher than BNDX's -1.41% return. Over the past 10 years, VWOB has outperformed BNDX with an annualized return of 2.34%, while BNDX has yielded a comparatively lower 1.97% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VWOB vs. BNDX - Expense Ratio Comparison
VWOB has a 0.20% expense ratio, which is higher than BNDX's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VWOB vs. BNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Government Bond ETF (VWOB) 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
VWOB vs. BNDX - Dividend Comparison
VWOB's dividend yield for the trailing twelve months is around 5.77%, more than BNDX's 4.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWOB Vanguard Emerging Markets Government Bond ETF | 5.77% | 5.50% | 5.30% | 4.04% | 4.18% | 4.58% | 4.52% | 4.61% | 4.71% | 4.93% | 4.49% | 2.39% |
BNDX Vanguard Total International Bond ETF | 4.69% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
Drawdowns
VWOB vs. BNDX - Drawdown Comparison
The maximum VWOB drawdown since its inception was -26.98%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for VWOB and BNDX. For additional features, visit the drawdowns tool.
Volatility
VWOB vs. BNDX - Volatility Comparison
Vanguard Emerging Markets Government Bond ETF (VWOB) has a higher volatility of 2.73% compared to Vanguard Total International Bond ETF (BNDX) at 1.22%. This indicates that VWOB'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.