BNDX — Vanguard Total International Bond Index Fund

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, trading under the ticker BNDX, operates within the International Bonds category managed by the issuer Vanguard. With assets under management totaling $123 billion, the fund demonstrates significant investor adoption relative to its peers. It currently holds an overall rank of #289 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 57.3 out of 100. The fund offers a low-cost structure with an expense ratio of 0.07% while providing a dividend yield of 4.46%. Its current share price stands at $47.99, reflecting the market valuation of this large-cap bond vehicle. This combination of substantial assets and a competitive expense ratio positions the fund as a core holding option within its specific category of 8 tracked ETFs.

Recent performance data reveals a mixed trajectory across various time horizons for the Vanguard Total International Bond Index Fund. Over the shortest periods, the fund posted gains of +0.15% in one day and +0.33% over one week, followed by a decline of -0.84% in the last month. The trend shifted to positive territory over longer durations, with returns of +0.58% over three months and +0.25% over six months. Year-to-date performance has been positive at +0.71%, while the one-year return stands at +1.86%. Extending the view to a three-year period, the fund has accumulated a total return of +12.99%, indicating a divergence between recent short-term volatility and longer-term accumulation.

The fund is characterized by a Very Low volatility label and a beta of 0.62, suggesting it moves less than the broader market. Despite the low volatility, the Sharpe ratio is recorded at -0.90, indicating that the risk-adjusted returns have been negative over the measured period. The maximum drawdown experienced by the fund was -2.93%, which aligns with its classification as a low-volatility instrument. This combination of figures implies that while the fund has limited price swings and lower sensitivity to market movements, the returns generated have not sufficiently compensated for the risks taken. The negative Sharpe ratio alongside the modest maximum drawdown highlights a period where capital preservation was maintained but at the cost of positive risk-adjusted performance.

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: 4.65% (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.

High-Yield Credit Spread: 2.81% (as of 2026-07-27) — 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: 120.71 (as of 2026-07-24) — 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 0.58% and average daily volume is 4.9M/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