Vanguard Total Bond Market (BND) to EUR Hedged: Historical Returns

Data Source: from January 1950 to June 2024 (~75 years)
Consolidated Returns as of 30 June 2024
This asset allocation page includes ETFs that are not available in our database in EUR or are not yet mapped to the specific ones. We kept the original tickers and calculated returns using historical exchange rates or, if applicable, interest rate differentials for currency hedging.

You need to choose EUR-based ETFs that follow the same benchmarks. Actual returns should be comparable, but they may vary due to differences in sampling methods, annual fees, and the exchange rates used for month-end calculations. Similar EUR ETFs (hedged or not) may not always be available.
Category: Fixed Income
Vanguard Total Bond Market (BND) to EUR Hedged ETF
Currency: EUR

In the last 30 Years, the Vanguard Total Bond Market (BND) to EUR Hedged ETF obtained a 3.68% compound annual return, with a 4.26% standard deviation. It suffered a maximum drawdown of -20.08% that required 47 months to be recovered.

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The ETF is related to the following investment themes:

  • Asset Class: Bond
  • Region: North America
  • Country: U.S.
  • Bond - Duration: All-Term
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Investment Returns as of Jun 30, 2024

The Vanguard Total Bond Market (BND) to EUR Hedged ETF guaranteed the following returns.

Returns are calculated in EUR, assuming:
  • no fees or capital gain taxes.
  • the currency hedging (simulation taking into account the interest rate differentials of the countries). It is also assumed that hedged instruments have an additional expense ratio of 0.25% (yearly), compared to the US original instrument.
  • the actual Euro Inflation rates.
VANGUARD TOTAL BOND MARKET (BND) TO EUR HEDGED ETF
Consolidated returns as of 30 June 2024
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Jun 30, 2024
  1 Day Time ET(*) Jul 2024 1M 6M 1Y 5Y 10Y 30Y MAX
(~75Y)
Vanguard Total Bond Market (BND) to EUR Hedged ETF n.a. n.a. 0.76 -1.20 1.27 -1.46 0.05 3.68 4.90
Euro Inflation Adjusted return 0.76 -2.98 -1.02 -4.96 -2.22 1.59 2.18
Returns over 1 year are annualized | Available data source: since Jan 1950
(*) Eastern Time (ET - America/New York)
Euro Inflation is updated to May 2024. Pending updates, the monthly inflation is set at 0% for the subsequent periods. Current inflation (annualized) is 1Y: 2.31% , 5Y: 3.69% , 10Y: 2.33% , 30Y: 2.06%
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Capital Growth as of Jun 30, 2024

An investment of 1€, since July 1994, now would be worth 2.96€, with a total return of 196.03% (3.68% annualized).

The Inflation Adjusted Capital now would be 1.61€, with a net total return of 60.51% (1.59% annualized).

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An investment of 1€, since January 1950, now would be worth 35.19€, with a total return of 3419.07% (4.90% annualized).

The Inflation Adjusted Capital now would be 5.00€, with a net total return of 399.90% (2.18% annualized).

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Investment Metrics as of Jun 30, 2024

Metrics of Vanguard Total Bond Market (BND) to EUR Hedged ETF, updated as of 30 June 2024, provide a comprehensive overview of the portfolio's performance and risk characteristics.

These metrics include detailed data on returns, volatility, drawdowns and other key performance indicators. By examining them, you can gain insights into how the portfolio has performed over various time periods and understand its risk profile.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the currency hedging (simulation taking into account the interest rate differentials of the countries). It is also assumed that hedged instruments have an additional expense ratio of 0.25% (yearly), compared to the US original instrument.
  • the actual Euro Inflation rates.
VANGUARD TOTAL BOND MARKET (BND) TO EUR HEDGED ETF
Advanced Metrics
Data Source: 1 January 1950 - 30 June 2024 (~75 years)
Swipe left to see all data
Metrics as of Jun 30, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~75Y)
Investment Return (%) 0.76 -0.22 -1.20 1.27 -4.37 -1.46 0.05 2.28 3.68 4.90
Infl. Adjusted Return (%)
0.76 -1.01 -2.98 -1.02 -9.32 -4.96 -2.22 0.17 1.59 2.18
Euro Inflation (%) 0.00 0.80 1.83 2.31 5.46 3.69 2.33 2.10 2.06 2.65
Pending updates, the monthly inflation of Jun 2024 and beyond is set at 0%. Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -5.13 -18.98 -20.08 -20.08 -20.08 -20.08 -20.08
Start to Recovery (# months)
6 35* 47* 47* 47* 47* 47*
Start (yyyy mm) 2023 07 2021 08 2020 08 2020 08 2020 08 2020 08 2020 08
Start to Bottom (# months) 4 27 39 39 39 39 39
Bottom (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2023 10 2023 10 2023 10
Bottom to End (# months) 2 8 8 8 8 8 8
End (yyyy mm) 2023 12 - - - - - -
Longest Drawdown Depth (%) -3.47
same

same

same

same

same

same
Start to Recovery (# months)
6*
Start (yyyy mm) 2024 01 2021 08 2020 08 2020 08 2020 08 2020 08 2020 08
Start to Bottom (# months) 4 27 39 39 39 39 39
Bottom (yyyy mm) 2024 04 2023 10 2023 10 2023 10 2023 10 2023 10 2023 10
Bottom to End (# months) 2 8 8 8 8 8 8
End (yyyy mm) - - - - - - -
Longest negative period (# months)
10 36* 60* 119 142 142 142
Period Start (yyyy mm) 2023 07 2021 07 2019 07 2014 07 2012 01 2012 01 2012 01
Period End (yyyy mm) 2024 04 2024 06 2024 06 2024 05 2023 10 2023 10 2023 10
Annualized Return (%) -1.27 -4.37 -1.46 -0.02 -0.08 -0.08 -0.08
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -5.95 -30.00 -32.42 -32.42 -32.42 -32.42 -32.42
Start to Recovery (# months)
6 35* 47* 47* 47* 47* 47*
Start (yyyy mm) 2023 07 2021 08 2020 08 2020 08 2020 08 2020 08 2020 08
Start to Bottom (# months) 4 27 39 39 39 39 39
Bottom (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2023 10 2023 10 2023 10
Bottom to End (# months) 2 8 8 8 8 8 8
End (yyyy mm) 2023 12 - - - - - -
Longest Drawdown Depth (%)
same

same

same

same

same

same
-30.69
Start to Recovery (# months)
170
Start (yyyy mm) 2023 07 2021 08 2020 08 2020 08 2020 08 2020 08 1971 04
Start to Bottom (# months) 4 27 39 39 39 39 126
Bottom (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2023 10 2023 10 1981 09
Bottom to End (# months) 2 8 8 8 8 8 44
End (yyyy mm) 2023 12 - - - - - 1985 05
Longest negative period (# months)
12* 36* 60* 120* 237 251 335
Period Start (yyyy mm) 2023 07 2021 07 2019 07 2014 07 2004 09 2003 06 1953 11
Period End (yyyy mm) 2024 06 2024 06 2024 06 2024 06 2024 05 2024 04 1981 09
Annualized Return (%) -1.02 -9.32 -4.96 -2.22 -0.02 -0.02 -0.05
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 7.31 7.32 6.30 4.98 4.41 4.26 5.34
Sharpe Ratio -0.55 -1.00 -0.55 -0.26 0.20 0.33 0.17
Sortino Ratio -0.88 -1.50 -0.80 -0.37 0.28 0.46 0.25
Ulcer Index 2.19 12.37 10.51 7.68 5.51 4.58 3.71
Ratio: Return / Standard Deviation 0.17 -0.60 -0.23 0.01 0.52 0.86 0.92
Ratio: Return / Deepest Drawdown 0.25 -0.23 -0.07 0.00 0.11 0.18 0.24
Positive Months (%)
41.66 38.88 45.00 49.16 58.33 62.77 63.53
Positive Months 5 14 27 59 140 226 568
Negative Months 7 22 33 61 100 134 326
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 0.05 4.97 6.89 11.45
Worst 10 Years Return (%) - Annualized -0.34 -0.34 -0.34
Best 10 Years Return (%) - Annualized -2.22 3.46 4.85 8.82
Worst 10 Years Return (%) - Annualized -2.51 -2.51 -3.36
TIMEFRAMES
Inflation Adjusted:
Inflation Adjusted:
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
··· Over the latest 30Y
Best Rolling Return (%) - Annualized 17.82 10.41 7.51 6.89 5.60 3.68
Worst Rolling Return (%) - Annualized -16.64 -6.66 -1.96 -0.34 2.03
Positive Periods (%) 77.0 90.4 91.0 96.2 100.0 100.0
Best Rolling Return (%) - Annualized 14.95 7.91 5.33 4.85 3.75 1.59
Worst Rolling Return (%) - Annualized -24.64 -11.78 -5.21 -2.51 -0.09
Positive Periods (%) 68.7 80.9 88.7 88.3 98.3 100.0
95% VaR - Value at Risk (%) - Cumulative
1.71 2.58 3.10 4.13 13.11 3.60 0.00 0.00
95% CVaR - Conditional Value at Risk (%) 2.22 3.46 4.35 9.91 16.01 6.65 0.90 0.00
99% VaR - Value at Risk (%) - Cumulative
2.55 4.03 5.15 14.43 18.00 7.79 3.37 0.00
99% CVaR - Conditional Value at Risk (%) 3.08 4.95 6.46 16.09 20.81 9.57 3.48 0.00
Short term VaRs: analytical | 1+ year VaRs: historical data
Safe Withdrawal Rate (%) 85.94 26.97 18.18 9.75 5.80 5.36
Perpetual Withdrawal Rate (%) --- --- --- --- --- 2.02
% based on initial capital, inflation-adj. monthly withdrawals afterwards | Credits: BestRetirementPortfolio.com
··· All available data (Jan 1950 - Jun 2024)
Best Rolling Return (%) - Annualized 28.81 17.26 16.07 11.45 9.77 8.29
Worst Rolling Return (%) - Annualized -16.64 -6.66 -1.96 -0.34 2.03 3.37
Positive Periods (%) 80.5 92.7 95.4 98.8 100.0 100.0
Best Rolling Return (%) - Annualized 25.89 14.23 13.42 8.82 7.25 5.90
Worst Rolling Return (%) - Annualized -24.64 -11.78 -6.04 -3.36 -1.12 0.36
Positive Periods (%) 66.4 77.9 82.1 86.9 94.1 100.0
95% VaR - Value at Risk (%) - Cumulative
2.12 3.16 3.74 3.49 4.71 0.00 0.00 0.00 0.00
95% CVaR - Conditional Value at Risk (%) 2.76 4.27 5.31 7.53 11.36 3.87 0.00 0.00 0.00
99% VaR - Value at Risk (%) - Cumulative
3.17 4.98 6.32 11.03 14.93 7.26 0.31 0.00 0.00
99% CVaR - Conditional Value at Risk (%) 3.84 6.13 7.95 13.41 17.68 8.39 1.63 0.00 0.00
Short term VaRs: analytical | 1+ year VaRs: historical data
Safe Withdrawal Rate (%) 85.94 26.97 17.16 9.01 4.85 3.59
Perpetual Withdrawal Rate (%) --- --- --- --- --- 0.46
% based on initial capital, inflation-adj. monthly withdrawals afterwards | Credits: BestRetirementPortfolio.com
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • Standard Deviation: it's a measure of the dispersion of returns around the mean.
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Value at Risk (VaR): it's an evaluation of a cumulative worst-case loss (in absolute value), associated with a probability (95%-99%) and a time horizon. For short term, it's calculated based on the expected return and standard deviation, assuming a normal distribution of monthly returns. For long term is retrieved by the historical rolling return data.
  • Conditional Value at Risk (CVaR): it represents the average expected loss if that worst-case threshold (95%-99%) is ever crossed.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.
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Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

VANGUARD TOTAL BOND MARKET (BND) TO EUR HEDGED ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 July 1994 - 30 June 2024 (30 Years)
Data Source: 1 January 1950 - 30 June 2024 (~75 years)
Inflation Adjusted:

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Rolling Returns

( more details)

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

VANGUARD TOTAL BOND MARKET (BND) TO EUR HEDGED ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 July 1994 - 30 June 2024 (30 Years)
Data Source: 1 January 1950 - 30 June 2024 (~75 years)
Inflation Adjusted:

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If you need a deeper detail about rolling returns, please refer to the Vanguard Total Bond Market (BND) to EUR Hedged ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in Vanguard Total Bond Market (BND) to EUR Hedged ETF?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.

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For further information about the seasonality, check the Asset Class Seasonality page.

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the Vanguard Total Bond Market (BND) to EUR Hedged ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

VANGUARD TOTAL BOND MARKET (BND) TO EUR HEDGED ETF
Monthly Returns Distribution
Data Source: 1 July 1994 - 30 June 2024 (30 Years)
Data Source: 1 January 1950 - 30 June 2024 (~75 years)
226 Positive Months (63%) - 134 Negative Months (37%)
568 Positive Months (64%) - 326 Negative Months (36%)

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Investment Returns, up to December 2007, have been derived using the historical series of equivalent ETFs / Assets.
You can find additional information on extended Data Sources here.

Hedged returns are calculated taking into account the interest rate differentials of the countries. It is assumed that hedged instruments have an additional expense ratio of 0.25% (yearly).

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