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

Simulation Settings
Category:
Period: January 1985 - December 2025 (~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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The minimum date range must be at least 24 months. 'Date To' cannot be beyond December 2025.
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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 113 months (from August 2016 to December 2025). 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 January 1996 - 31 December 2025 (30 Years)
Time Period: 1 January 1985 - 31 December 2025 (~41 years)
30 Years
(1996/01 - 2025/12)
All Data
(1985/01 - 2025/12)

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As of Dec 31, 2025, the annualized return of the previous 10 years has been 0.59%.

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 January 1996 - 31 December 2025 (30 Years)
Time Period: 1 January 1985 - 31 December 2025 (~41 years)
30 Years
(1996/01 - 2025/12)
All Data
(1985/01 - 2025/12)
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 December 2025 (~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
+5.24% +28.70%
Mar 1985 - Feb 1986
16.01%
77 out of 481
-21.78%
Oct 2021 - Sep 2022
+3.07% +28.39%
May 1985 - Apr 1986
29.31%
141 out of 481
-8.60%
Jan 2021 - Dec 2022
+5.16% +23.14%
Aug 1991 - Jul 1993
9.38%
44 out of 469
-14.63%
Jan 2021 - Dec 2022
+3.73% +20.42%
Mar 1985 - Feb 1987
17.48%
82 out of 469
-5.44%
Nov 2020 - Oct 2023
+5.60% +22.33%
Nov 1990 - Oct 1993
8.32%
38 out of 457
-10.63%
Nov 2020 - Oct 2023
+3.75% +18.17%
Nov 1990 - Oct 1993
13.13%
60 out of 457
-3.72%
Oct 2019 - Sep 2023
+5.79% +18.51%
Feb 1990 - Jan 1994
10.11%
45 out of 445
-7.66%
Oct 2019 - Sep 2023
+3.94% +14.29%
Feb 1990 - Jan 1994
13.03%
58 out of 445
-1.69%
Jan 2018 - Dec 2022
+5.84% +15.86%
Jan 1989 - Dec 1993
10.39%
45 out of 433
-5.65%
Jan 2021 - Dec 2025
+4.07% +11.97%
Dec 1990 - Nov 1995
12.93%
56 out of 433
-1.57%
Oct 2016 - Sep 2022
+5.88% +14.30%
May 1990 - Apr 1996
9.74%
41 out of 421
-4.54%
Sep 2019 - Aug 2025
+3.98% +10.93%
Nov 1990 - Oct 1996
11.40%
48 out of 421
-1.28%
Oct 2016 - Sep 2023
+5.94% +13.16%
Jan 1989 - Dec 1995
5.87%
24 out of 409
-4.24%
Oct 2016 - Sep 2023
+3.91% +9.62%
Mar 1985 - Feb 1992
11.74%
48 out of 409
-0.51%
Mar 2015 - Feb 2023
+5.97% +13.30%
Mar 1985 - Feb 1993
5.29%
21 out of 397
-3.23%
Jul 2016 - Jun 2024
+3.97% +10.80%
Mar 1985 - Feb 1993
11.59%
46 out of 397
-0.08%
Nov 2014 - Oct 2023
+6.02% +13.56%
Jan 1985 - Dec 1993
1.04%
4 out of 385
-2.84%
Sep 2016 - Aug 2025
+4.06% +10.94%
Jan 1985 - Dec 1993
11.95%
46 out of 385
+0.34%
Apr 2015 - Mar 2025
+5.91% +11.73%
Mar 1985 - Feb 1995
0.00%
0 out of 373
-2.10%
Apr 2015 - Mar 2025
+4.09% +9.15%
Mar 1985 - Feb 1995
11.80%
44 out of 373
+0.53%
Nov 2012 - Oct 2023
+5.76% +12.27%
Jan 1985 - Dec 1995
0.00%
0 out of 361
-1.73%
Jan 2015 - Dec 2025
+3.95% +9.64%
Jan 1985 - Dec 1995
11.36%
41 out of 361
+0.96%
Apr 2013 - Mar 2025
+5.84% +11.54%
Jan 1985 - Dec 1996
0.00%
0 out of 349
-1.13%
May 2013 - Apr 2025
+3.95% +8.96%
Jan 1985 - Dec 1996
11.46%
40 out of 349
+1.07%
Jan 2013 - Dec 2025
+5.86% +10.37%
Mar 1985 - Feb 1998
0.00%
0 out of 337
-0.97%
Jan 2013 - Dec 2025
+3.85% +7.95%
Mar 1985 - Feb 1998
8.31%
28 out of 337
+1.68%
Jan 2012 - Dec 2025
+5.81% +10.62%
Mar 1985 - Feb 1999
0.00%
0 out of 325
-0.38%
Jan 2012 - Dec 2025
+3.92% +8.31%
Mar 1985 - Feb 1999
3.08%
10 out of 325
+2.05%
Sep 2010 - Aug 2025
+6.00% +9.71%
Mar 1985 - Feb 2000
0.00%
0 out of 313
-0.15%
Sep 2010 - Aug 2025
+3.96% +7.43%
Mar 1985 - Feb 2000
0.96%
3 out of 313
+2.59%
Jan 2010 - Dec 2025
+5.98% +9.69%
Mar 1985 - Feb 2001
0.00%
0 out of 301
+0.46%
Jan 2010 - Dec 2025
+3.98% +7.42%
Mar 1985 - Feb 2001
0.00%
0 out of 301
+2.94%
Nov 2006 - Oct 2023
+6.04% +9.66%
Mar 1985 - Feb 2002
0.00%
0 out of 289
+0.80%
Nov 2006 - Oct 2023
+4.05% +7.38%
Mar 1985 - Feb 2002
0.00%
0 out of 289
+2.85%
Oct 2005 - Sep 2023
+5.98% +9.81%
Mar 1985 - Feb 2003
0.00%
0 out of 277
+0.73%
Oct 2005 - Sep 2023
+4.01% +7.51%
Mar 1985 - Feb 2003
0.00%
0 out of 277
+2.94%
Nov 2004 - Oct 2023
+6.00% +9.48%
Mar 1985 - Feb 2004
0.00%
0 out of 265
+0.81%
Nov 2004 - Oct 2023
+4.12% +7.22%
Mar 1985 - Feb 2004
0.00%
0 out of 265
+2.98%
Sep 2005 - Aug 2025
+5.78% +9.25%
Mar 1985 - Feb 2005
0.00%
0 out of 253
+0.85%
Sep 2005 - Aug 2025
+3.95% +6.99%
Mar 1985 - Feb 2005
0.00%
0 out of 253
+3.65%
Nov 1998 - Oct 2023
+5.85% +8.37%
Mar 1985 - Feb 2010
0.00%
0 out of 193
+1.51%
Nov 1998 - Oct 2023
+3.95% +6.17%
Mar 1985 - Feb 2010
0.00%
0 out of 193
+3.76%
Jan 1996 - Dec 2025
+6.70% +8.12%
Mar 1985 - Feb 2015
0.00%
0 out of 133
+1.70%
Jan 1996 - Dec 2025
+4.60% +6.03%
Mar 1985 - Feb 2015
0.00%
0 out of 133
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