BNDW — Vanguard Total World Bond ETF

BNDW Price Performance — Growth of $10,000

Value of a $10,000 investment in BNDW over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

BNDW Drawdown

The "underwater" chart: BNDW's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Vanguard Total World Bond ETF (BNDW) is a broad US bond fund issued by Vanguard with $1.89 billion in assets under management. It holds an ETFValuer grade of C, ranking 7th out of 7 peers in its category and 368th of 458 tracked ETFs overall. The fund charges an expense ratio of 0.05%, which is higher than the category median of 0.03%. It offers a dividend yield of 4.29%, slightly above the category median of 4.20%. The fund’s assets are fully concentrated in its top 10 holdings, with the largest position being the Vanguard Total Bond Market ETF at 51.0%.

BNDW has a price history available for 3.0 years, with its current price of $67.14 sitting at 7.2% of its 52-week range. The fund’s rating has remained unchanged at grade C over the last 35 tracked days. Short-term performance shows declines across the one-day, one-week, one-month, and three-month horizons. In contrast, the three-year return stands at +13.13%, while the one-year return of +1.05% trails the category median of +1.32%.

The fund exhibits Very Low volatility at 3.39% annualized and a beta of 0.82, indicating it moves less than the broader market. Despite this lower volatility, the Sharpe ratio is -1.16, reflecting poor risk-adjusted returns. The maximum drawdown recorded is -3.08%. Liquidity is moderate, with an average daily volume of 102,438 shares and a bid/ask spread of 0.18%.

AI-generated summary based on the data on this page.

BNDW Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 3 holdings make up 100.0% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how BNDW's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With BNDW

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with BNDW's top 10 — VEA overlaps most, holding 1 of the same companies as BNDW's top 10 (0.0% of BNDW's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.77% (as of 2026-09-03) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 14.32 (as of 2026-09-03) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

BNDW Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.18% and average daily volume is 102K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $1.89B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: BNDW is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

BNDW Performance History

How BNDW Compares to Other US Bonds - Broad ETFs