Vanguard Total International Bond (BNDX) to EUR Hedged: Rolling Returns

Simulation Settings
Category:
Period: January 1985 - May 2026 (~41 years)
Initial Amount: 1€
Currency: EUR
BNDX is not denominated in EUR. Returns are simulated using exchange rates or interest rate differentials in case of currency hedging.
Inflation: Eurozone
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This asset allocation includes ETFs not denominated in EUR. Returns are calculated using exchange rates or, if applicable, interest rate differentials for currency hedging.

When holding the Vanguard Total International Bond (BNDX) to EUR Hedged ETF, how long should you stay invested to have high probability to achieve a positive return?

Over the selected period (~41 years), the longest duration with a negative return was 118 months (from August 2016 to May 2026). This negative serie is not closed yet.

Understanding this metric is crucial as it highlights the importance of a safe investment horizon. Knowing the minimum duration required to likely see positive returns helps investors set realistic expectations and reinforces the strategy of staying invested through market cycles. This approach can mitigate the emotional reactions to short-term market fluctuations and enhance the likelihood of achieving financial goals.

Previous vs subsequent Returns

Is there a correlation between past and future returns over all 10-year rolling periods?

The following chart illustrates the relationship between past returns (x-axis) and subsequent returns (y-axis).

Data points are aggregated to show occurrences, and you can zoom in by clicking or drawing over the desired area.

VANGUARD TOTAL INTERNATIONAL BOND (BNDX) TO EUR HEDGED ETF
Previous vs Next Returns - 10 Years annualized
Time Period: 1 June 1996 - 31 May 2026 (30 Years)
Time Period: 1 January 1985 - 31 May 2026 (~41 years)
30 Years
(1996/06 - 2026/05)
All Data
(1985/01 - 2026/05)

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As of May 31, 2026, the annualized return of the previous 10 years has been 0.25%.

Rolling Returns

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 INTERNATIONAL BOND (BNDX) TO EUR HEDGED ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Time Period: 1 June 1996 - 31 May 2026 (30 Years)
Time Period: 1 January 1985 - 31 May 2026 (~41 years)
30 Years
(1996/06 - 2026/05)
All Data
(1985/01 - 2026/05)
Eurozone Inflation Adjusted:

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Rolling Period Analysis

By selecting the 'Rolling Period', the chart and data will update. To study a different date range, change the simulation settings.

VANGUARD TOTAL INTERNATIONAL BOND (BNDX) TO EUR HEDGED ETF
Rolling Returns Chart
Rolling Returns Chart - Inflation Adjusted
Time Period: 1 January 1985 - 31 May 2026 (~41 years)
Over Time
Histogram
Eurozone Inflation Adjusted:

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Swipe left to see all data
Worst Median Best Negative Periods
-14.08%
Jan 2022 - Dec 2022
+5.18% +28.70%
Mar 1985 - Feb 1986
16.05%
78 out of 486
-21.78%
Oct 2021 - Sep 2022
+2.93% +28.39%
May 1985 - Apr 1986
30.04%
146 out of 486
-8.60%
Jan 2021 - Dec 2022
+5.11% +23.14%
Aug 1991 - Jul 1993
9.28%
44 out of 474
-14.63%
Jan 2021 - Dec 2022
+3.49% +20.42%
Mar 1985 - Feb 1987
18.14%
86 out of 474
-5.44%
Nov 2020 - Oct 2023
+5.58% +22.33%
Nov 1990 - Oct 1993
8.23%
38 out of 462
-10.63%
Nov 2020 - Oct 2023
+3.70% +18.17%
Nov 1990 - Oct 1993
13.64%
63 out of 462
-3.72%
Oct 2019 - Sep 2023
+5.76% +18.51%
Feb 1990 - Jan 1994
10.67%
48 out of 450
-7.66%
Oct 2019 - Sep 2023
+3.89% +14.29%
Feb 1990 - Jan 1994
14.00%
63 out of 450
-1.69%
Jan 2018 - Dec 2022
+5.80% +15.86%
Jan 1989 - Dec 1993
11.42%
50 out of 438
-5.68%
Jan 2021 - Dec 2025
+3.98% +11.97%
Dec 1990 - Nov 1995
13.93%
61 out of 438
-1.57%
Oct 2016 - Sep 2022
+5.86% +14.30%
May 1990 - Apr 1996
10.80%
46 out of 426
-4.73%
May 2020 - Apr 2026
+3.93% +10.93%
Nov 1990 - Oct 1996
12.44%
53 out of 426
-1.28%
Oct 2016 - Sep 2023
+5.93% +13.16%
Jan 1989 - Dec 1995
6.52%
27 out of 414
-4.24%
Oct 2016 - Sep 2023
+3.87% +9.62%
Mar 1985 - Feb 1992
12.80%
53 out of 414
-0.51%
Mar 2015 - Feb 2023
+5.95% +13.30%
Mar 1985 - Feb 1993
5.22%
21 out of 402
-3.23%
Jul 2016 - Jun 2024
+3.92% +10.80%
Mar 1985 - Feb 1993
12.69%
51 out of 402
-0.08%
Nov 2014 - Oct 2023
+5.97% +13.56%
Jan 1985 - Dec 1993
1.03%
4 out of 390
-2.84%
Sep 2016 - Aug 2025
+4.03% +10.94%
Jan 1985 - Dec 1993
13.08%
51 out of 390
+0.21%
Apr 2016 - Mar 2026
+5.90% +11.73%
Mar 1985 - Feb 1995
0.00%
0 out of 378
-2.52%
May 2016 - Apr 2026
+4.07% +9.15%
Mar 1985 - Feb 1995
12.96%
49 out of 378
+0.37%
Apr 2015 - Mar 2026
+5.75% +12.27%
Jan 1985 - Dec 1995
0.00%
0 out of 366
-2.07%
Apr 2015 - Mar 2026
+3.94% +9.64%
Jan 1985 - Dec 1995
12.57%
46 out of 366
+0.95%
Jun 2014 - May 2026
+5.80% +11.54%
Jan 1985 - Dec 1996
0.00%
0 out of 354
-1.38%
Jun 2014 - May 2026
+3.93% +8.96%
Jan 1985 - Dec 1996
12.71%
45 out of 354
+0.86%
May 2013 - Apr 2026
+5.80% +10.37%
Mar 1985 - Feb 1998
0.00%
0 out of 342
-1.33%
May 2013 - Apr 2026
+3.82% +7.95%
Mar 1985 - Feb 1998
9.65%
33 out of 342
+1.41%
May 2012 - Apr 2026
+5.79% +10.62%
Mar 1985 - Feb 1999
0.00%
0 out of 330
-0.72%
Jun 2012 - May 2026
+3.87% +8.31%
Mar 1985 - Feb 1999
4.55%
15 out of 330
+1.98%
Jun 2011 - May 2026
+5.98% +9.71%
Mar 1985 - Feb 2000
0.00%
0 out of 318
-0.19%
Jun 2011 - May 2026
+3.93% +7.43%
Mar 1985 - Feb 2000
1.89%
6 out of 318
+2.25%
Jun 2010 - May 2026
+5.97% +9.69%
Mar 1985 - Feb 2001
0.00%
0 out of 306
+0.04%
Jun 2010 - May 2026
+3.96% +7.42%
Mar 1985 - Feb 2001
0.00%
0 out of 306
+2.94%
Nov 2006 - Oct 2023
+6.02% +9.66%
Mar 1985 - Feb 2002
0.00%
0 out of 294
+0.80%
Nov 2006 - Oct 2023
+4.04% +7.38%
Mar 1985 - Feb 2002
0.00%
0 out of 294
+2.85%
Oct 2005 - Sep 2023
+5.93% +9.81%
Mar 1985 - Feb 2003
0.00%
0 out of 282
+0.73%
Oct 2005 - Sep 2023
+3.91% +7.51%
Mar 1985 - Feb 2003
0.00%
0 out of 282
+2.94%
Nov 2004 - Oct 2023
+5.97% +9.48%
Mar 1985 - Feb 2004
0.00%
0 out of 270
+0.81%
Nov 2004 - Oct 2023
+4.10% +7.22%
Mar 1985 - Feb 2004
0.00%
0 out of 270
+2.98%
Sep 2005 - Aug 2025
+5.77% +9.25%
Mar 1985 - Feb 2005
0.00%
0 out of 258
+0.85%
Sep 2005 - Aug 2025
+3.95% +6.99%
Mar 1985 - Feb 2005
0.00%
0 out of 258
+3.64%
Apr 2001 - Mar 2026
+5.67% +8.37%
Mar 1985 - Feb 2010
0.00%
0 out of 198
+1.47%
Apr 2001 - Mar 2026
+3.87% +6.17%
Mar 1985 - Feb 2010
0.00%
0 out of 198
+3.76%
Jan 1996 - Dec 2025
+6.67% +8.12%
Mar 1985 - Feb 2015
0.00%
0 out of 138
+1.70%
Jan 1996 - Dec 2025
+4.58% +6.03%
Mar 1985 - Feb 2015
0.00%
0 out of 138
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