BNDX vs VWO
Vanguard Total International Bond ETF vs Vanguard FTSE Emerging Markets ETF
Which is better, BNDX or VWO?
Long Term Mid Quality against Large Cap Blend.
VWO has a lower expense ratio. VWO led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BNDX | VWO |
|---|---|---|
| Expense Ratio | 0.07% | 0.06%Best |
| AUM | $82.7B | $122.0B |
| Dividend Yield | 4.58% | 2.29% |
| Holdings | 6,859 | 6,334 |
| YTD Return | -0.95% | +9.25%Best |
| 1Y Return | -0.72% | +16.23%Best |
| 3Y Return (annualized) | +3.67% | +17.32%Best |
| 5Y Return (annualized) | -0.20% | +5.92%Best |
| Volatility (annualized) | 4.1%Best | 15.7% |
| Max Drawdown | -17.2%Best | -40.3% |
| $10,000 over 5 years | $9,900 | $13,332Best |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | Long Term Mid Quality | Large Cap Blend |
| Inception | May 31, 2013 | Mar 4, 2005 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 4, 2013 to Sep 10, 2026 (13.3 years).
BNDX vs VWO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 13.3 years both funds cover.
BNDX vs VWO Performance
Vanguard Total International Bond ETF (BNDX) is an ETF from Vanguard (US) and Vanguard FTSE Emerging Markets ETF (VWO) is an ETF from Vanguard (US). Over the past year BNDX returned -0.72% while VWO returned +16.23%. Year to date, BNDX is down 0.95% versus a gain of 9.25% for VWO.
Over three years, BNDX compounded at +3.67% per year against +17.32% for VWO; over five years the annualized figures are -0.20% and +5.92% respectively. Across the full 13-year window we track, VWO has the edge at +4.03% annualized vs +0.97%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VWO has been the more volatile fund, with annualized monthly volatility of 15.7% 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 -40.3% for VWO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.32. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BNDX charges 0.07% per year while VWO charges 0.06%. On a $10,000 position that is $7 vs $6 annually, a gap of $1 per year that compounds over a long holding period. On income, BNDX currently yields 4.58% against 2.29% for VWO.
Holdings Overlap
We hold position weights for 943 holdings in BNDX and 4,694 in VWO, totalling 11.3% and 88.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 943 positions we hold weights for in BNDX and 4,694 in VWO, against full books of 6,859 and 6,334.
You are not choosing between two funds in isolation.
Whichever of BNDX and VWO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BNDX or VWO?
BNDX has an expense ratio of 0.07% while VWO charges 0.06%. VWO is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, BNDX or VWO?
Over the past year BNDX returned -0.72% vs +16.23% for VWO, so VWO leads on 1-year performance. Over the longest common window we track (13 years), BNDX annualized +0.97% vs +4.03% for VWO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BNDX or VWO?
VWO has been the more volatile fund at 15.7% annualized versus 4.1% for BNDX. Worst drawdown: BNDX -17.2% vs VWO -40.3%.
Should I hold both BNDX and VWO?
BNDX and VWO have a monthly-return correlation of 0.32, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BNDX or VWO?
BNDX yields 4.58% while VWO yields 2.29%, so BNDX currently pays the higher dividend yield.
Is VWO better than BNDX?
VWO has a lower expense ratio. VWO led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.