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 $1.90 billion in assets under management. It holds a C grade and ranks last among the seven funds in its category, sitting at #344 overall. The fund charges an expense ratio of 0.05%, which is higher than the category median of 0.03%. Despite the higher cost, it offers a dividend yield of 4.38%, slightly above the median of 4.30%. The ETF’s portfolio is fully concentrated in its top ten holdings, with the largest position being the Vanguard Total Bond Market ETF at 51.0%.

Price action shows the fund trading at 23.5% of its 52-week range, indicating it is near the lower end of its recent historical bounds. Short-term returns have been mixed, with a 1-month gain of 1.17% contrasting against a 3-month decline of 0.72%. Over the longer term, the 3-year return stands at +15.07%, while the 1-year return of -1.13% remains above the category median of -1.32%. The ETFValuer grade has remained unchanged at C over the last 35 tracked days. Historical price data is available for only 3.0 years, limiting the depth of the long-term record.

The fund exhibits Very Low volatility at 3.63% annualized and a beta of 0.81, suggesting it moves less than the broader market. A Sharpe ratio of -1.69 indicates that risk-adjusted returns have been negative over the measured period. Maximum drawdowns have been contained, with the worst peak-to-trough decline recorded at -3.90%. Liquidity is moderate, supported by an average daily volume of 121,204 shares. These metrics collectively describe a fund that has experienced modest price swings but with negative risk-adjusted performance.

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: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

BNDW Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 121K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $1.90B 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