BNDX — Vanguard Total International Bond Index Fund ETF Shares

BNDX Price Performance — Growth of $10,000

Value of a $10,000 investment in BNDX 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.

BNDX Drawdown

The "underwater" chart: BNDX'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 International Bond Index Fund ETF Shares (BNDX) is an international bond ETF managed by Vanguard, a reputable issuer known for its index funds. BNDX is positioned as the second-largest ETF in its category, with an AUM of $123B, indicating significant investor adoption. The fund is ranked #292 out of 458 tracked ETFs, which places it in the middle of the pack. With an expense ratio of 0.07%, BNDX offers a cost-effective investment option. The dividend yield of 4.54% provides a steady income stream for investors. The fund's price of $47.65 and substantial AUM suggest that it is well-liked by investors, though its overall grade of C (score 56.4/100) indicates there is room for improvement in terms of performance and other metrics.

Over the past year, BNDX has seen a modest return of 1.07%, with a slight increase in the most recent month of +0.12%. However, the 6-month return of -1.36% suggests a period of underperformance. The 3-year return of +12.42% indicates a strong performance over the long term. The 1-day and 1-week returns of 0.00% and -0.15%, respectively, suggest that the fund has been relatively stable in the short term. The 1-month and 3-month returns of +0.12% and +0.02% show a slight acceleration in performance over the short to medium term, while the 1-year return of +1.07% aligns with the 3-year trend, indicating a consistent performance pattern over the past year.

BNDX is labeled as having a 'Very Low' volatility, which suggests that the fund is relatively stable and less prone to significant price fluctuations compared to more volatile funds. The beta of 0.63 indicates that the fund is slightly less sensitive to market movements than the overall market, which is typical for international bond funds. The Sharpe ratio of -1.10, while negative, reflects that the fund's returns have not compensated for its risk, as the returns are below the risk-free rate. The maximum drawdown of -2.93% indicates that the fund has experienced a decline of nearly 3% from its peak value, which is relatively minor compared to many other funds. Overall, these figures suggest that BNDX is a relatively low-risk investment with a stable performance profile, suitable for investors seeking a diversified international bond exposure with limited volatility and drawdown risk.

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

BNDX Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 4.3% 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 BNDX's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With BNDX

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with BNDX's top 10 — VEA overlaps most, holding 1 of the same companies as BNDX's top 10 (1.2% of BNDX'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: 4.69% (as of 2026-08-20) — 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): 16.01 (as of 2026-08-20) — 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 2026-07-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

High-Yield Credit Spread: 2.75% (as of 2026-08-20) — The extra yield investors demand to hold high-yield corporate bonds over Treasuries — a real-time gauge of credit risk appetite relevant to this fund’s holdings.

Trade-Weighted US Dollar Index: 118.90 (as of 2026-08-14) — Measures the US dollar’s strength against major trading-partner currencies — dollar moves directly affect the US-dollar value of this fund’s international holdings.

BNDX Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.17% and average daily volume is 4.3M/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 $123B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: BNDX 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.

BNDX Performance History

How BNDX Compares to Other International Bonds ETFs