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, trading under the ticker BNDW, operates within the US Bonds - Broad category tracked by ETFValuer, which currently includes 7 funds. Issued by Vanguard, this fund has accumulated assets under management of $1.91 billion while trading at a price of $67.82. It holds an overall rank of #365 out of 458 tracked ETFs across all categories, receiving an ETFValuer grade of C with a score of 52.2 out of 100. The fund offers a low-cost structure with an expense ratio of 0.05% and provides a dividend yield of 4.19%. The combination of a substantial asset base and a competitive expense ratio suggests significant investor adoption relative to the broader universe of 458 funds. Despite its high ranking position near the bottom of the total tracked list, the fund maintains a notable presence in the bond market through its broad exposure and income generation capabilities.

Recent performance data shows a mixed trajectory across various time horizons, starting with a 1-day return of +0.16% and a 1-week gain of +0.24%. Short-term momentum shifted negatively over the last month with a -0.97% return, followed by a slight decline of -0.04% over three months. The six-month period saw a marginal decrease of -0.06%, yet the year-to-date figure turned positive at +0.35%. Over the longer term, the fund posted a 1-year return of +2.56% and a 3-year return of +13.12%, indicating a divergence between recent short-term volatility and sustained multi-year growth. This pattern suggests that while recent monthly fluctuations have been negative, the fund has maintained positive returns over annual and three-year periods.

The fund is characterized by a volatility label of Very Low and a beta of 0.82, indicating that its price movements tend to be less volatile than the broader market. Despite this lower volatility profile, the Sharpe ratio stands at -0.72, reflecting a return-to-risk metric that is currently negative. The maximum drawdown recorded for the fund is -3.73%, which aligns with the low volatility classification and suggests limited downside severity during market stress. The combination of a beta below 1.0 and a negative Sharpe ratio implies that while the fund experiences smaller swings than the market, its recent returns have not adequately compensated for the risk taken. These metrics collectively describe a fund that offers stability in terms of price movement but has faced challenges in generating positive risk-adjusted returns over the measured periods.

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

BNDW Top Holdings

Holdings as of 2026-02-28 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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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 2026-06-01) — 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 $1.91B 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