Vanguard Total International Bond ETF (BNDX) Performance
BNDX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.2% since Dec 31, 2025
- 1 year
- −0.9% total return
- 5 years
- +0.3% a year
- 10 years
- +1.5% a year
- Since first price
- +2.2% a year since 2013
BNDX trailing returns vs AGG, TLT, SPY
| Period | BNDX total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.9% | +0.6% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.3% | −1.0% | −0.4% | −1.0% | +3.2% |
| 6 months | −0.4% | −1.8% | −1.5% | −3.8% | +7.8% |
| YTD | −0.2% | −2.3% | −1.0% | −3.4% | +12.3% |
| 1 year | −0.9% | −5.3% | −1.1% | −6.9% | +14.4% |
| 3 years | +13.7%+4.4%/yr | −0.8% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +1.3%+0.3%/yr | −16.6% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +15.7%+1.5%/yr | −15.0% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| Since inceptionJun 4, 2013 | +34.3%+2.2%/yr | −6.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BNDX vs AGG
From Jun 4, 2013: BNDX grew to $13,425, AGG to $12,689.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BNDX returns by calendar year
10 of 12 full years positive. Best 2023 (+8.8%), worst 2022 (−12.8%). 2026 is year to date.
BNDX annual returns table
| Year | BNDX | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −0.2% | −3.2% | −1.0% | −3.4% | +12.3% |
| 2025 | +2.9% | −2.2% | +7.2% | +4.3% | +17.7% |
| 2024 | +3.6% | −1.7% | +1.3% | −8.1% | +24.9% |
| 2023 | +8.8% | −3.1% | +5.7% | +2.8% | +26.2% |
| 2022 | −12.8% | −13.9% | −13.0% | −31.2% | −18.2% |
| 2021 | −2.3% | −3.1% | −1.8% | −4.6% | +28.7% |
| 2020 | +4.7% | −5.9% | +7.5% | +18.2% | +18.3% |
| 2019 | +7.9% | −2.2% | +8.5% | +14.1% | +31.2% |
| 2018 | +2.8% | −1.3% | +0.1% | −1.6% | −4.6% |
| 2017 | +2.4% | −1.5% | +3.6% | +9.2% | +21.7% |
| 2016 | +4.6% | −3.4% | +2.4% | +1.2% | +12.0% |
| 2015 | +1.2% | −3.9% | +0.5% | −1.8% | +1.2% |
| 2014 | +8.7% | −0.8% | +6.0% | +27.3% | +13.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BNDX largest drawdowns
Now 2.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 11, 2020 | −16.2% | Oct 20, 2022 | Feb 17, 2026 | 1.9 years | 5.2 years |
| Mar 6, 2020 | −5.9% | Mar 18, 2020 | Jul 30, 2020 | 12 days | 5 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
BNDX risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2013 |
|---|---|---|---|---|
| Annualized return | +3.9% | −0.0% | +1.3% | +2.3% |
| Volatility (annualized) | 4.2% | 5.3% | 4.4% | 4.0% |
| Sharpe ratio | -0.10 | -0.67 | -0.21 | 0.16 |
| Sortino ratio | -0.16 | -0.84 | -0.27 | 0.23 |
| Best month | +3.4% | +3.4% | +3.4% | +3.4% |
| Worst month | −2.1% | −3.6% | −3.6% | −3.6% |
| Best 12 months | +10.2% | +10.2% | +11.4% | +11.4% |
| Worst 12 months | −0.9% | −13.0% | −13.0% | −13.0% |
| Positive months | 61% | 53% | 57% | 61% |
| Beta vs S&P 500 | 0.18 | 0.23 | 0.14 | — |
| Correlation with S&P 500 | 0.53 | 0.67 | 0.48 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BNDX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 149 | −13.0% | +2.9% | +11.4% | 80% |
| 3-year (a year) | 125 | −4.3% | +3.3% | +6.0% | 73% |
| 5-year (a year) | 101 | −0.5% | +0.8% | +4.6% | 78% |
| 10-year (a year) | 41 | +1.3% | +2.0% | +2.4% | 100% |
Every holding period starting at a month-end since 2013. Returns for 3 years and longer are annualized.
BNDX performance overview
Vanguard Total International Bond ETF (BNDX) returned −0.9% over the past year and +1.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2013 it has returned +2.2% a year, turning $10,000 into about $13,425. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −16.2%, from Dec 11, 2020 to Oct 20, 2022, and it took 3.3 years to get back to the old high. BNDX finished 10 of its 12 full calendar years with a gain; the best year was 2023 (+8.8%) and the worst 2022 (−12.8%). Volatility has been 4.0% a year.
Related: BNDX chart, BNDX dividends, BNDX bond profile. See the BNDX overview for the latest quote and fund facts.
BNDX performance FAQ
What is the BNDX return over the past year?
BNDX returned −0.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.3%.
What is the average annual return of BNDX?
BNDX has returned +0.3% a year over 5 years, +1.5% a year over 10 years, +2.2% a year since June 4, 2013 (total return, distributions reinvested).
How much would $10,000 invested in BNDX be worth?
$10,000 invested in BNDX at its first recorded close on June 4, 2013 would be worth about $13,425 on October 23, 2026 with distributions reinvested.
What was the worst year for BNDX?
The worst calendar year was 2022, with a total return of −12.8%. The best was 2023 at +8.8%.
What is the biggest drawdown of BNDX?
The largest peak-to-trough decline was −16.2% between December 11, 2020 and October 20, 2022. It recovered to the old high on February 17, 2026, 3.3 years after the bottom.
How volatile is BNDX?
Over the past 3 years BNDX had an annualized volatility of 4.2% and a Sharpe ratio of -0.10 (excess return over 1–3 month T-bills per unit of risk).