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BNDX: Vanguard Total International Bond ETF returns, drawdowns and risk

Broad bond funds that mix government, corporate and mortgage bonds in one holding.

Data updated October 2026

BNDX · US exchange · USDCategory: Aggregate bond ETFsData from June 2013

From June 2013 to October 2026 BNDX returned 2.2% a year on average with dividends reinvested, in US dollars: $10,000 invested at the start grew to $13,396.

Its deepest fall was 16.2%, from December 2020 to October 2022, and it took about 62 months to get back to the previous high. Annual volatility was 4.0%; at the last close it was 2.5% below its high.

Against AGG (iShares Core U.S. Aggregate Bond ETF), over the 160 months both have data, the correlation of monthly returns was 0.86: they usually moved together. Beta was 0.74. In months when AGG rose, BNDX moved 85% as much on average; in months when AGG fell, 71% as much.

Key figures

Annual return (CAGR)
+2.2%
1-year return
−1.2%
5 years, a year
+0.2%
10 years, a year
+1.4%
Annual volatility
4.0%
Maximum drawdown
−16.2%
Sharpe ratio
0.13
Worst year
2022: −12.8%

Trailing returns

PeriodBNDXAGG
1 year−1.2%−1.9%
3 years, a year+4.4%+5.2%
5 years, a year+0.2%−0.3%
10 years, a year+1.4%+1.2%

To the last close of October 2026. Periods longer than a year are annualised.

Growth of $10,000: BNDX vs AGG

$10,000$12,000$14,0002014201620182020202220242026
BNDX — Vanguard Total International Bond ETFAGG — iShares Core U.S. Aggregate Bond ETF

Month-end values from July 2013, the first month both funds have data.

BNDX drawdowns

-15%-10%-5%0%2014201620182020202220242026

Percentage below the previous high, weekly.

Returns by calendar year

YearBNDXAGG
2026(partial)−0.5%−1.8%
2025+2.9%+7.2%
2024+3.6%+1.3%
2023+8.9%+5.7%
2022−12.8%−13.0%
2021−2.3%−1.8%
2020+4.7%+7.5%
2019+7.9%+8.5%
2018+2.8%+0.1%
2017+2.4%+3.5%
2016+4.6%+2.4%
2015+1.2%+0.5%
2014+8.7%+6.0%
2013(partial)−0.5%—

BNDX compared

How the figures are calculated

Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.

Sharpe ratio uses the return of short-term government bills in the same currency as the risk-free rate. The growth chart uses month-end values; drawdowns and volatility use daily closes.

Questions

What is the average annual return of BNDX?

From June 2013 to October 2026 BNDX returned 2.2% a year on average (CAGR) with dividends reinvested, in USD. Over the last 5 years: +0.2% a year. Over the last 12 months: −1.2%.

What was the worst drawdown of BNDX?

16.2%, from December 2020 to October 2022; it took about 62 months from the previous high to get back to it.

How volatile is BNDX?

Annual volatility was 4.0% over the period. Its worst month was −3.6% and 62% of months were positive. Worst calendar year: 2022 (−12.8%).

How closely does BNDX follow AGG?

Over 160 months the correlation of monthly returns was 0.86, so they usually moved together, with a beta of 0.74.

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Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.