Data as of Oct 28, 2026.

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BNDX vs USMV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, BNDX returned −0.9% to USMV's +10.8%; 0% of their weight is in the same names.

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Net assets: $82.9bn on Sep 30, 2026 for Vanguard Total International Bond ETF, and $24.1bn on Oct 27, 2026 for iShares MSCI USA Min Vol Factor ETF.

At a glance
−0.9%
BNDX total return, 1 year
+10.8%
USMV total return, 1 year
0.07%
BNDX expense ratio
0.15%
USMV expense ratio

Pair scorecard

BNDX costs 0.08 points a year less; their one-year returns differ by 11.7 points; BNDX is 3.6 times larger.

BNDX vs USMV: Differences, Returns & Fees
MeasureBNDXUSMV
Return
Total return, 1 year−0.9%+10.8%
Benchmark
What it tracksBloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged)MSCI USA Minimum Volatility (USD) Index
Cost and size
Expense ratio0.07%0.15%
Net assets, as of Sep 30, 2026$82.9bn$23.2bn
Holdings
Holdings in common0%
In the S&P 500, by weight93%
Top ten holdings, share of the fund14.8%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, BNDX and USMV hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BNDX USMV
Only in one fund ↓
Only in BNDX
MKTLIQ 0.93%
United Kingdom Gilt 0.39%
French Republic Government Bond OAT 0.35%
United Kingdom Gilt 0.35%
French Republic Government Bond OAT 0.35%
United Kingdom Gilt 0.34%
United Kingdom Gilt 0.33%
French Republic Government Bond OAT 0.31%
Only in USMV
MICROSOFT 1.61%
EXXONMOBIL HOLDINGS CORP 1.54%
BERKSHIRE HATHAWAY INC CLASS B 1.50%
CHUBB 1.50%
MOTOROLA SOLUTIONS INC 1.48%
AMPHENOL CORP CLASS A 1.47%
NVIDIA 1.47%
JOHNSON & JOHNSON 1.44%
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Side by side

BNDX Vanguard Total International Bond ETF USMV iShares MSCI USA Min Vol Factor ETF
Where it sits Bond ETF Stock ETF
What it is Tracks an index of Total International Bond Tracks the MSCI USA Min Vol Factor
Total return, 1 year −0.9% +10.8%
Expense ratio 0.07% 0.15%
Holdings 6840 176
Net assets, BNDX as of Sep 30, 2026 and USMV as of Oct 27, 2026 $82.9bn $24.1bn

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

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About each fund
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.

USMV

USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 28, 2026 it returned +10.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 14.8%.

Questions people ask

Which returned more over the last year, BNDX or USMV?
In the year to Oct 28, 2026, with distributions reinvested, BNDX returned −0.9% and USMV +10.8%.
Which is cheaper, BNDX or USMV?
BNDX is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, BNDX against USMV, data as of Oct 28, 2026. https://etfiq.com/compare/any/bndx-vs-usmv

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