WINC.AS vs. BNDW
WINC.AS (iShares World Equity High Income UCITS ETF USD Inc) and BNDW (Vanguard Total World Bond ETF) are both exchange-traded funds - WINC.AS is a Global Equity Income fund actively managed by iShares, while BNDW is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted Composite Index. WINC.AS is actively managed, while BNDW is passively managed. Over the past year, WINC.AS returned 21.61% vs 2.74% for BNDW. At a 0.10 correlation, their price movements are largely independent. WINC.AS charges 0.35%/yr vs 0.05%/yr for BNDW.
Performance
WINC.AS vs. BNDW - Performance Comparison
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Returns By Period
In the year-to-date period, WINC.AS achieves a 9.43% return, which is significantly higher than BNDW's 0.24% return.
WINC.AS
- 1D
- 0.00%
- 1M
- 0.82%
- 6M
- 9.67%
- YTD
- 9.43%
- 1Y
- 21.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.13%
BNDW
- 1D
- -0.18%
- 1M
- -0.67%
- 6M
- -0.09%
- YTD
- 0.24%
- 1Y
- 2.74%
- 3Y*
- 3.85%
- 5Y*
- -0.09%
- 10Y*
- —
- ALL TIME*
- 1.78%
WINC.AS vs. BNDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WINC.AS iShares World Equity High Income UCITS ETF USD Inc | 9.43% | 21.56% | 8.10% |
BNDW Vanguard Total World Bond ETF | 0.24% | 5.02% | 3.40% |
Correlation
The correlation between WINC.AS and BNDW is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | 0.10 |
The correlation between WINC.AS and BNDW shifts across timeframes, from 0.10 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WINC.AS vs. BNDW — Risk / Return Rank
WINC.AS
BNDW
WINC.AS vs. BNDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares World Equity High Income UCITS ETF USD Inc (WINC.AS) and Vanguard Total World Bond ETF (BNDW). 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.
| WINC.AS | BNDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.14 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 1.02 | +2.13 |
| Martin ratioReturn relative to average drawdown | 12.97 | 2.62 | +10.36 |
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Drawdowns
WINC.AS vs. BNDW - Drawdown Comparison
The maximum WINC.AS drawdown since its inception was -14.81%, smaller than the maximum BNDW drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for WINC.AS and BNDW.
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Drawdown Indicators
| WINC.AS | BNDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.81% | -17.22% | +2.41% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -2.70% | -4.07% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.93% | — |
Current DrawdownCurrent decline from peak | -1.03% | -1.71% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -4.92% | +3.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.05% | +0.60% |
Volatility
WINC.AS vs. BNDW - Volatility Comparison
iShares World Equity High Income UCITS ETF USD Inc (WINC.AS) has a higher volatility of 2.63% compared to Vanguard Total World Bond ETF (BNDW) at 0.95%. This indicates that WINC.AS's price experiences larger fluctuations and is considered to be riskier than BNDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WINC.AS | BNDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 0.95% | +1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 8.87% | 2.79% | +6.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.87% | 3.39% | +7.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.52% | 5.22% | +7.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.52% | 4.88% | +7.64% |
WINC.AS vs. BNDW - Expense Ratio Comparison
WINC.AS has a 0.35% expense ratio, which is higher than BNDW's 0.05% expense ratio.
Dividends
WINC.AS vs. BNDW - Dividend Comparison
WINC.AS's dividend yield for the trailing twelve months is around 9.88%, more than BNDW's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BNDW Vanguard Total World Bond ETF | 4.25% | 4.12% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% |
WINC.AS iShares World Equity High Income UCITS ETF USD Inc | 9.88% | 9.38% | 4.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WINC.AS and BNDW have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BNDW is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BNDW is cheaper with a 0.05% expense ratio, compared with 0.35% for WINC.AS.
WINC.AS is categorized as Global Equity Income, while BNDW is Global Bonds. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.35% for WINC.AS and 0.05% for BNDW.
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