Data as of Oct 28, 2026.
BNDX vs VGSH: Differences, Returns & Fees
BNDX's duration was 6.5 years on Jul 31, 2026 and VGSH's 1.8 on May 31, 2026; VGSH charges 0.03% to BNDX's 0.07%.
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Net assets on Sep 30, 2026: $82.9bn for Vanguard Total International Bond ETF and $35.1bn for Vanguard Short-Term Treasury ETF.
Pair scorecard
VGSH costs 0.04 points a year less; their one-year returns differ by 2.6 points; BNDX is 2.4 times larger.
| Measure | BNDX | VGSH |
|---|---|---|
| Return | ||
| Total return, 1 year | −0.9% | +1.7% |
| Benchmark | ||
| What it tracks | Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged) | Bloomberg U.S. Treasury 1-3 Year Index |
| Cost and size | ||
| Expense ratio | 0.07% | 0.03% |
| Net assets, as of Sep 30, 2026 | $82.9bn | $35.1bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026. Method
Risk and return
Jun 14, 2013 to Oct 23, 2026 · 697 weekly returnsBNDX returned more: +35.1% to +22.2%. VGSH swung less: 1.4% to 3.8%. VGSH fell less at its worst: −5.5% to −16.0%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | BNDX | VGSH | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +35.1% | +22.2% | BNDX | Price change plus distributions, reinvested. |
| Annualized | +2.3% | +1.5% | BNDX | Total return as a yearly rate. |
| Price return | −5.5% | −5.0% | VGSH (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 3.8% | 1.4% | VGSH | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 2.8% | 0.9% | VGSH | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −16.0% | −5.5% | VGSH | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.11 | −0.29 | BNDX | Return above Treasury bills per unit of volatility. |
| Sortino | 0.15 | −0.43 | BNDX | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.14 | 0.27 | VGSH | Annualized 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
By the books each fund has filed, BNDX and VGSH hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jul 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
BNDX and VGSH on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BNDX and VGSH do different jobs. What does each one do in a portfolio?
- What each follows. BNDX follows Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged) and VGSH follows Bloomberg U.S. Treasury 1-3 Year Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026 and May 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 BNDX returned −0.9% and VGSH +1.7% with distributions reinvested, a gap of 2.6 points.
Data as of Oct 28, 2026.
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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.
VGSH
VGSH tracks an index of Short-Term Treasury. Over the year to Oct 28, 2026 it returned +1.7% with distributions reinvested, against +1.8% for its benchmark, the Bloomberg U.S. Treasury 1-3 Year Index. The prospectus expense ratio is 0.03% a year.
Questions people ask
- Which returned more over the last year, BNDX or VGSH?
- In the year to Oct 28, 2026, with distributions reinvested, BNDX returned −0.9% and VGSH +1.7%.
- Which is cheaper, BNDX or VGSH?
- VGSH 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.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, BNDX against VGSH, data as of Oct 28, 2026. https://etfiq.com/compare/any/bndx-vs-vgsh
ETFIQ. (Oct 28, 2026). BNDX against VGSH. Retrieved from https://etfiq.com/compare/any/bndx-vs-vgsh
[BNDX against VGSH (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bndx-vs-vgsh)
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