BNDX vs VIPIX
Vanguard Total International Bond ETF vs Vanguard Inflation Protected Securities Fund Insti Shs
Quick Verdict
BNDX delivered stronger 1-year returns. BNDX offers more diversification with 6,859 holdings.
Side-by-Side Comparison
| Metric | BNDX | VIPIX | Winner |
|---|---|---|---|
| Expense Ratio | 0.07% | 0.07% | |
| AUM | $82.7B | $12.4B | |
| Dividend Yield | 4.53% | 5.21% | |
| Holdings | 6,859 | 63 | |
| YTD Return | +0.24% | -0.53% | |
| 1Y Return | +1.06% | -2.41% | |
| 3Y Return (annualized) | +4.30% | +0.00% | |
| 5Y Return (annualized) | -0.12% | -4.69% | |
| Volatility (annualized) | 4.1% | 6.7% | |
| Max Drawdown | -17.2% | -24.5% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Fixed Income | Fixed Income | |
| Inception | May 31, 2013 | Dec 12, 2003 |
BNDX vs VIPIX Performance
Vanguard Total International Bond ETF (BNDX) is a ETF from Vanguard (US) and Vanguard Inflation Protected Securities Fund Insti Shs (VIPIX) is a mutual fund from Vanguard (US). Over the past year BNDX returned +1.06% while VIPIX returned -2.41%. Year to date, BNDX is up 0.24% versus a loss of 0.53% for VIPIX.
Over three years, BNDX compounded at +4.30% per year against +0.00% for VIPIX; over five years the annualized figures are -0.12% and -4.69% respectively. Across the full 5-year window we track, BNDX has the edge at +1.07% annualized vs -4.69%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VIPIX has been the more volatile fund, with annualized monthly volatility of 6.7% compared with 4.1% for BNDX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -17.2% for BNDX and -24.5% for VIPIX. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BNDX charges 0.07% per year while VIPIX charges 0.07%. On a $10,000 position that is $7 vs $7 annually. On income, BNDX currently yields 4.53% against 5.21% for VIPIX.
Holdings Overlap
BNDX and VIPIX share 0 holdings out of 57 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BNDX or VIPIX?
BNDX has an expense ratio of 0.07% while VIPIX charges 0.07%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, BNDX or VIPIX?
Over the past year BNDX returned +1.06% vs -2.41% for VIPIX, so BNDX leads on 1-year performance. Over the longest common window we track (5 years), BNDX annualized +1.07% vs -4.69% for VIPIX. Past performance does not guarantee future results.
Which is riskier, BNDX or VIPIX?
VIPIX has been the more volatile fund at 6.7% annualized versus 4.1% for BNDX. Worst drawdown: BNDX -17.2% vs VIPIX -24.5%.
Should I hold both BNDX and VIPIX?
BNDX and VIPIX have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BNDX and VIPIX?
BNDX and VIPIX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 57 unique securities.
Which pays a higher dividend, BNDX or VIPIX?
BNDX yields 4.53% while VIPIX yields 5.21%, so VIPIX currently pays the higher dividend yield.
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