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

Vanguard Total International Bond Index Fund ETF Shares (BNDX) is an international bond fund issued by Vanguard with $122 billion in assets under management. It holds a C grade and ranks 1 of 8 within its category, placing it 229 of 458 across all tracked ETFs. The fund’s 0.07% expense ratio is significantly lower than the category median of 0.37%, while its 4.69% dividend yield trails the median of 5.06%. Top holdings comprise only 4.5% of assets, with the largest position being the Vanguard Cmt Funds-Vanguard Market Liquidity Fund at 1.4%.

The fund’s price of $46.83 sits at 6.1% of its 52-week range, reflecting a recent decline from higher levels. Short-term performance shows mixed results, with a 1-day loss of 0.04% and a 1-week gain of 0.16%, while the 1-month return is -0.94%. Over longer horizons, the 3-year return of +12.39% contrasts with a 1-year loss of -0.61%, which is better than the category median of -1.33%. The ETFValuer grade has remained unchanged at C over the last 35 tracked days, and price history is available for 3.0 years.

With a volatility of 3.74% annualized, the fund is labeled as having Very Low risk. Its beta of 0.62 indicates that it moves less than the broader market, and the maximum drawdown has been limited to -3.22%. Liquidity is supported by an average daily volume of 4,290,195 shares, though the Sharpe ratio of -1.50 suggests poor risk-adjusted returns relative to the risk-free rate during the measured period.

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

BNDX Top Holdings

Holdings as of 2026-07-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 4.5% 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 (1.4% 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: 5.27% (as of 2026-10-06) — 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): 15.01 (as of 2026-10-06) — 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.

High-Yield Credit Spread: 3.03% (as of 2026-10-06) — 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: 121.38 (as of 2026-10-02) — 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: Average daily volume is 4.3M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $122B 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