Data as of Oct 28, 2026.

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BND vs BNDX: Differences, Returns & Fees

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BND's duration was 5.7 years on Jun 30, 2026 and BNDX's 6.5 on Jul 31, 2026; BND charges 0.03% to BNDX's 0.07%.

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Net assets on Sep 30, 2026: $161.4bn for Vanguard Total Bond Market ETF and $82.9bn for Vanguard Total International Bond ETF.

At a glance
−1.3%
BND total return, 1 year
−0.9%
BNDX total return, 1 year
0.03%
BND expense ratio
0.07%
BNDX expense ratio

Pair scorecard

BND costs 0.04 points a year less; their one-year returns differ by 0.4 points; BND is 1.9 times larger.

BND vs BNDX: Differences, Returns & Fees
MeasureBNDBNDX
Return
Total return, 1 year−1.3%−0.9%
Drawdown
Below its high3.5%, high on Aug 6, 2020
Benchmark
What it tracksBloomberg U.S. Aggregate Float Adjusted IndexBloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged)
Cost and size
Expense ratio0.03%0.07%
Net assets, as of Sep 30, 2026$161.4bn$82.9bn
Holdings
Holdings in common0%

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method

Risk and return

Jun 14, 2013 to Oct 23, 2026 · 697 weekly returns
BND BNDX
Return
Total return edge BNDX +27.0% +35.1%
Annualized edge BNDX +1.8% +2.3%
Price return edge BNDX −13.3% −5.5%
Risk
Volatility edge BNDX 4.8% 3.8%
Max drawdown edge BNDX −18.4% −16.0%
Risk-adjusted
Sharpe edge BNDX 0.00 0.11
Sortino edge BNDX 0.00 0.15
Calmar edge BNDX 0.10 0.14
Reading

BNDX returned more: +35.1% to +27.0%. BNDX swung less: 3.8% to 4.8%. BNDX fell less at its worst: −16.0% to −18.4%.

Full scorecard

9 measures, with how each is measured
Open ↓
Risk and return: BND vs BNDX: Differences, Returns & Fees
MeasureBNDBNDXEdgeHow it is measured
Return
Total return+27.0%+35.1%BNDXPrice change plus distributions, reinvested.
Annualized+1.8%+2.3%BNDXTotal return as a yearly rate.
Price return−13.3%−5.5%BNDXPrice change alone, distributions left out.
Risk
Volatility4.8%3.8%BNDXSpread of weekly returns, annualized. Lower is steadier.
Downside deviation3.5%2.8%BNDXLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−18.4%−16.0%BNDXDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.000.11BNDXReturn above Treasury bills per unit of volatility.
Sortino0.000.15BNDXReturn above Treasury bills per unit of downside deviation.
Calmar0.100.14BNDXAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 697 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, BND and BNDX hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BND BNDX
Only in one fund ↓
Only in BND
US TREASURY N/B, due Jan 31, 2028 0.47%
US TREASURY N/B, due May 15, 2034 0.41%
US TREASURY N/B, due Nov 15, 2034 0.41%
US TREASURY N/B, due Nov 30, 2027 0.41%
US TREASURY N/B, due Feb 15, 2035 0.41%
US TREASURY N/B, due Feb 15, 2036 0.41%
US TREASURY N/B, due Aug 15, 2034 0.41%
US TREASURY N/B, due Feb 15, 2034 0.40%
Only in BNDX
UK TSY GILT, due Mar 7, 2031 0.41%
FRANCE O.A.T., due Feb 25, 2031 0.37%
FRANCE O.A.T., due Feb 25, 2029 0.36%
UK TSY GILT, due Mar 7, 2030 0.36%
UK TSY GILT, due Mar 7, 2028 0.35%
UK TSY GILT, due Jul 22, 2029 0.34%
FRANCE O.A.T., due Nov 25, 2035 0.33%
FRANCE O.A.T., due Nov 25, 2032 0.33%
Check overlap with more funds →

Side by side

BND Vanguard Total Bond Market ETF BNDX Vanguard Total International Bond ETF
Where it sits Bond ETF Bond ETF
What it is Tracks an index of US aggregate bonds Tracks an index of Total International Bond
Total return, 1 year −1.3% −0.9%
Its benchmark over the same days −1.4% (AGG) not measured
Gap to its benchmark +0.1 pts vs AGG not measured
Expense ratio 0.03% 0.07%
Holdings 16301 6840
Net assets, as of Sep 30, 2026 $161.4bn $82.9bn

BND and BNDX on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-093E6AE384

BND and BNDX do different jobs. What does each one do in a portfolio?

  1. What each follows. BND follows Bloomberg U.S. Aggregate Float Adjusted Index and BNDX follows Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged).
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Jun 30, 2026 and Jul 31, 2026).
  3. One-year total return (similar). Over 1 year to Oct 28, 2026 BND returned −1.3% and BNDX −0.9% with distributions reinvested, a gap of 0.4 points.

Data as of Oct 28, 2026.

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About each fund
BND

BND tracks an index of US aggregate bonds. Over the year to Oct 28, 2026 it returned −1.3% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Float Adjusted Index, measured by the closely related Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.03% a year. It sat 3.5% below its high of Aug 6, 2020 on Oct 28, 2026.

BNDX

BNDX tracks an index of Total International Bond. Over the year to Oct 28, 2026 it returned −0.9% with distributions reinvested. The prospectus expense ratio is 0.07% a year.

Questions people ask

Which returned more over the last year, BND or BNDX?
In the year to Oct 28, 2026, with distributions reinvested, BND returned −1.3% and BNDX −0.9%.
Which is cheaper, BND or BNDX?
BND is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, BND against BNDX, data as of Oct 28, 2026. https://etfiq.com/compare/any/bnd-vs-bndx

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