Vanguard Total International Bond (BNDX): Historical Returns

Data Source: from January 1985 to September 2023 (~39 years)
Consolidated Returns as of 30 September 2023
Live Update: Oct 02 2023, 04:00PM Eastern Time
Category: Fixed Income
ETF: Vanguard Total International Bond (BNDX)
ETF • LIVE PERFORMANCE (USD currency)
0.54%
1 Day
Oct 02 2023, 04:00PM Eastern Time
0.54%
Current Month
October 2023

In the last 30 Years, the Vanguard Total International Bond (BNDX) ETF obtained a 4.64% compound annual return, with a 4.54% standard deviation.

Table of contents

The ETF is related to the following investment themes:

  • Asset Class: Bond
  • Region: Developed Markets
  • Country: Broad Developed Markets
  • Bond - Duration: All-Term

The Vanguard Total International Bond (BNDX) ETF is part of the following Lazy Portfolios:

Portfolio Name Author BNDX Weight▾
Total Bond Developed World ex-US 100.00%
Developed World ex-US 20/80 80.00%
Developed World ex-US 40/60 60.00%
Developed World ex-US 40/60 Momentum 60.00%
Developed World ex-US 60/40 40.00%
Developed World ex-US 60/40 Momentum 40.00%
All Country World Bonds 35.00%
All Country World 20/80 28.00%
Four Square Scott Burns 25.00%
LifeStrategy Income Fund Vanguard 24.00%
All Country World 40/60 21.00%
Rob Arnott Portfolio Rob Arnott 20.00%
Developed World ex-US 80/20 20.00%
Five Fold Scott Burns 20.00%
Dedalo Four Dedalo Invest 20.00%
Robo Advisor 50 Betterment 18.40%
LifeStrategy Conservative Growth Vanguard 18.00%
Six Ways from Sunday Scott Burns 16.66%
Global Market Portfolio Credit Suisse 16.00%
GAA Global Asset Allocation Mebane Faber 14.40%
Seven Value Scott Burns 14.25%
All Country World 60/40 14.00%
Edge Select Conservative Merrill Lynch 12.00%
LifeStrategy Moderate Growth Vanguard 12.00%
Simple and Cheap Time Inc 10.00%
Tilt Toward Value Time Inc 10.00%
Robo Advisor 20 Betterment 9.80%
Edge Select Moderately Conservative Merrill Lynch 9.00%
Robo Advisor 80 Betterment 7.20%
All Country World 80/20 7.00%
Dedalo Eleven Dedalo Invest 7.00%
Dimensional 2030 Retirement Income DFA 6.10%
Five Asset Roger Gibson 6.00%
LifeStrategy Growth Fund Vanguard 6.00%
Conservative Income Charles Schwab 5.00%
Robo Advisor 10 Betterment 4.90%
Robo Advisor 90 Betterment 2.90%
Edge Select Moderate Merrill Lynch 2.00%
Edge Select Moderately Aggressive Merrill Lynch 1.00%
Edge Select Aggressive Merrill Lynch 1.00%

Investment Returns as of Sep 30, 2023

The Vanguard Total International Bond (BNDX) ETF guaranteed the following returns.

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
VANGUARD TOTAL INTERNATIONAL BOND (BNDX) ETF
Consolidated returns as of 30 September 2023
Live Update: Oct 02 2023, 04:00PM Eastern Time
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Sep 30, 2023
  1 Day Time ET(*) Oct 2023 1M 6M 1Y 5Y 10Y 30Y MAX
(~39Y)
Vanguard Total International Bond (BNDX) ETF -0.54 -0.54 -1.75 -1.31 2.21 -0.01 1.84 4.64 6.51
US Inflation Adjusted return -1.75 -2.98 -1.20 -3.85 -0.88 2.05 3.61
Returns over 1 year are annualized | Available data source: since Jan 1985
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Aug 2023. Waiting for updates, inflation of Sep 2023 is set to 0%. Current inflation (annualized) is 1Y: 3.44% , 5Y: 3.99% , 10Y: 2.75% , 30Y: 2.53%
Live update: World Markets and Indexes

In 2022, the Vanguard Total International Bond (BNDX) ETF granted a 1.31% dividend yield. If you are interested in getting periodic income, please refer to the Vanguard Total International Bond (BNDX) ETF: Dividend Yield page.

Capital Growth as of Sep 30, 2023

An investment of 1$, since October 1993, now would be worth 3.89$, with a total return of 289.36% (4.64% annualized).

The Inflation Adjusted Capital now would be 1.84$, with a net total return of 84.01% (2.05% annualized).
An investment of 1$, since January 1985, now would be worth 11.51$, with a total return of 1050.86% (6.51% annualized).

The Inflation Adjusted Capital now would be 3.95$, with a net total return of 294.71% (3.61% annualized).
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Investment Metrics as of Sep 30, 2023

Metrics of Vanguard Total International Bond (BNDX) ETF, updated as of 30 September 2023.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
VANGUARD TOTAL INTERNATIONAL BOND (BNDX) ETF
Advanced Metrics
Data Source: 1 January 1985 - 30 September 2023 (~39 years)
Swipe left to see all data
Metrics as of Sep 30, 2023
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~39Y)
Investment Return (%) -1.75 -1.67 -1.31 2.21 -4.19 -0.01 1.84 3.71 4.64 6.51
Infl. Adjusted Return (%) details -1.75 -2.28 -2.98 -1.20 -9.32 -3.85 -0.88 1.12 2.05 3.61
US Inflation (%) 0.00 0.63 1.72 3.44 5.66 3.99 2.75 2.56 2.53 2.80
Waiting for updates, inflation of Sep 2023 is temporarily set to 0%. Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
 1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -2.75 -14.88 -14.88 -14.88 -14.88 -14.88 -14.88
Start to Recovery (# months) details 4 33* 33* 33* 33* 33* 33*
Start (yyyy mm) 2022 12 2021 01 2021 01 2021 01 2021 01 2021 01 2021 01
Start to Bottom (# months) 1 21 21 21 21 21 21
Bottom (yyyy mm) 2022 12 2022 09 2022 09 2022 09 2022 09 2022 09 2022 09
Bottom to End (# months) 3 12 12 12 12 12 12
End (yyyy mm) 2023 03 - - - - - -
Longest Drawdown Depth (%)
same as
deepest
same as
deepest
same as
deepest
same as
deepest
same as
deepest
same as
deepest
same as
deepest
Start to Recovery (# months) details
Start (yyyy mm) 2022 12 2021 01 2021 01 2021 01 2021 01 2021 01 2021 01
Start to Bottom (# months) 1 21 21 21 21 21 21
Bottom (yyyy mm) 2022 12 2022 09 2022 09 2022 09 2022 09 2022 09 2022 09
Bottom to End (# months) 3 12 12 12 12 12 12
End (yyyy mm) 2023 03 - - - - - -
Longest negative period (# months) details 10* 36* 60* 77 77 77 77
Period Start (yyyy mm) 2022 12 2020 10 2018 10 2016 08 2016 08 2016 08 2016 08
Period End (yyyy mm) 2023 09 2023 09 2023 09 2022 12 2022 12 2022 12 2022 12
Annualized Return (%) -0.91 -4.19 -0.01 -0.11 -0.11 -0.11 -0.11
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -3.77 -26.19 -26.19 -26.19 -26.19 -26.19 -26.19
Start to Recovery (# months) details 10* 33* 33* 33* 33* 33* 33*
Start (yyyy mm) 2022 12 2021 01 2021 01 2021 01 2021 01 2021 01 2021 01
Start to Bottom (# months) 10 33 33 33 33 33 33
Bottom (yyyy mm) 2023 09 2023 09 2023 09 2023 09 2023 09 2023 09 2023 09
Bottom to End (# months) 0 0 0 0 0 0 0
End (yyyy mm) - - - - - - -
Longest Drawdown Depth (%)
same as
deepest
same as
deepest
same as
deepest
same as
deepest
same as
deepest
same as
deepest
same as
deepest
Start to Recovery (# months) details
Start (yyyy mm) 2022 12 2021 01 2021 01 2021 01 2021 01 2021 01 2021 01
Start to Bottom (# months) 10 33 33 33 33 33 33
Bottom (yyyy mm) 2023 09 2023 09 2023 09 2023 09 2023 09 2023 09 2023 09
Bottom to End (# months) 0 0 0 0 0 0 0
End (yyyy mm) - - - - - - -
Longest negative period (# months) details 12* 36* 60* 120* 157* 157* 157*
Period Start (yyyy mm) 2022 10 2020 10 2018 10 2013 10 2010 09 2010 09 2010 09
Period End (yyyy mm) 2023 09 2023 09 2023 09 2023 09 2023 09 2023 09 2023 09
Annualized Return (%) -1.20 -9.32 -3.85 -0.88 -0.16 -0.16 -0.16
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 5.55 5.44 5.07 4.04 4.03 4.54 5.07
Sharpe Ratio -0.40 -1.07 -0.31 0.22 0.61 0.53 0.50
Sortino Ratio -0.57 -1.53 -0.42 0.29 0.81 0.74 0.71
Ulcer Index 1.06 8.77 6.85 4.92 3.80 3.61 3.24
Ratio: Return / Standard Deviation 0.40 -0.77 0.00 0.46 0.92 1.02 1.28
Ratio: Return / Deepest Drawdown 0.80 -0.28 0.00 0.12 0.25 0.31 0.44
% Positive Months details 66% 41% 55% 61% 67% 67% 68%
Positive Months 8 15 33 74 161 242 320
Negative Months 4 21 27 46 79 118 145
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
 1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 1.84 6.31 7.54 11.30
Worst 10 Years Return (%) - Annualized 1.47 1.47 1.47
Best 10 Years Return (%) - Annualized -0.88 4.59 5.01 7.44
Worst 10 Years Return (%) - Annualized -1.11 -1.11 -1.11
ROLLING PERIOD RETURNS
Inflation Adjusted:
Inflation Adjusted:
 1Y 3Y 5Y 10Y 20Y 30Y MAX
Over the latest 30Y
Best Rolling Return (%) - Annualized 21.23 11.43 9.58 7.54 6.79 4.64
Worst Rolling Return (%) - Annualized -13.01 -4.28 -0.21 1.47 3.70
% Positive Periods 84% 94% 98% 100% 100% 100%
Best Rolling Return (%) - Annualized 19.52 9.79 7.30 5.01 4.46 2.05
Worst Rolling Return (%) - Annualized -19.61 -9.32 -3.85 -1.11 1.12
% Positive Periods 67% 90% 92% 93% 100% 100%
Over all the available data source (Jan 1985 - Sep 2023)
Best Rolling Return (%) - Annualized 31.75 17.37 13.50 11.30 9.35 8.24
Worst Rolling Return (%) - Annualized -13.01 -4.28 -0.21 1.47 3.70 4.64
% Positive Periods 87% 95% 99% 100% 100% 100%
Best Rolling Return (%) - Annualized 29.20 14.00 9.26 7.44 6.16 5.41
Worst Rolling Return (%) - Annualized -19.61 -9.32 -3.85 -1.11 1.12 2.05
% Positive Periods 72% 92% 94% 95% 100% 100%
WITHDRAWAL RATES (WR)
1Y 3Y 5Y 10Y 20Y 30Y MAX
Safe WR (%) 29.46 19.95 10.98 6.41 5.23 7.25
Perpetual WR (%) 0.00 0.00 0.00 1.11 2.01 3.48
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.
  • Safe Withdrawal Rate (SWR): it's the percentage of the original portfolio balance that can be withdrawn at the end of each year with inflation adjustment, without the portfolio running out of money (dollar amount withdrawal).
  • Perpetual Withdrawal Rate (PWR): it's the percentage of portfolio balance that can be withdrawn at the end of each year, while retaining the inflation adjusted portfolio balance (percentage withdrawal).
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Correlations as of Sep 30, 2023

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1. If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.

Monthly correlations of Vanguard Total International Bond (BNDX) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

VANGUARD TOTAL INTERNATIONAL BOND (BNDX) ETF
Monthly correlations as of 30 September 2023
Swipe left to see all data
Correlation vs BNDX
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1992
VTI
 US Total Stock Market
0.74
0.49
0.39
0.15
0.15
SPY
 US Large Cap
0.77
0.50
0.39
0.15
0.15
IJR
 US Small Cap
0.42
0.35
0.26
0.11
0.12
VNQ
 US REITs
0.68
0.55
0.55
0.28
0.28
QQQ
 US Technology
0.85
0.56
0.44
0.10
0.10
PFF
 Preferred Stocks
0.52
0.60
0.58
0.36
0.36
EFA
 EAFE Stocks
0.73
0.48
0.35
0.17
0.17
VT
 World All Countries
0.78
0.50
0.38
0.16
0.16
EEM
 Emerging Markets
0.68
0.42
0.30
0.16
0.15
VGK
 Europe
0.68
0.46
0.34
0.16
0.17
VPL
 Pacific
0.76
0.46
0.33
0.19
0.18
FLLA
 Latin America
0.47
0.29
0.19
0.09
0.09
BND
 US Total Bond Market
0.85
0.88
0.86
0.66
0.67
TLT
 Long Term Treasuries
0.80
0.68
0.71
0.51
0.51
BIL
 US Cash
-0.21
0.04
-0.04
0.05
0.06
TIP
 TIPS
0.87
0.83
0.78
0.61
0.63
LQD
 Invest. Grade Bonds
0.87
0.88
0.84
0.68
0.68
HYG
 High Yield Bonds
0.83
0.68
0.58
0.38
0.38
CWB
 US Convertible Bonds
0.60
0.42
0.34
0.20
0.20
EMB
 Emerg. Market Bonds
0.73
0.70
0.65
0.36
0.37
GLD
 Gold
0.69
0.44
0.37
0.24
0.23
DBC
 Commodities
0.22
-0.07
-0.15
0.08
0.08

If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.

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 INTERNATIONAL BOND (BNDX) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 October 1993 - 30 September 2023 (30 Years)
Data Source: 1 January 1985 - 30 September 2023 (~39 years)
Inflation Adjusted:
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-14.88% Jan 2021 Sep 2022 21 in progress 12 33 9.15
-10.03% Mar 2008 Nov 2008 9 Jul 2009 8 17 4.88
-8.68% Feb 1994 Aug 1994 7 Jul 1995 11 18 5.98
-8.31% Dec 1996 Apr 1997 5 Sep 1998 17 22 4.42
-4.24% May 2013 Aug 2013 4 May 2014 9 13 2.62
-3.17% May 1999 Aug 1999 4 Mar 2000 7 11 2.19
-3.03% Oct 2016 Jan 2017 4 Nov 2017 10 14 1.63
-2.91% Mar 2020 Mar 2020 1 Jul 2020 4 5 1.29
-2.88% Apr 2015 Jun 2015 3 Jan 2016 7 10 1.48
-2.34% Jun 2003 Aug 2003 3 Jan 2004 5 8 1.35
-2.26% Nov 1998 Nov 1998 1 Dec 1998 1 2 1.30
-1.97% Nov 2010 Dec 2010 2 May 2011 5 7 1.12
-1.82% Jan 1996 Jan 1996 1 Jul 1996 6 7 1.40
-1.68% Sep 2019 Dec 2019 4 Jan 2020 1 5 0.98
-1.62% Mar 2007 Jun 2007 4 Aug 2007 2 6 0.76
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-26.19% Jan 2021 Sep 2023 33 in progress 33 18.06
-11.77% Mar 2008 Oct 2008 8 Jul 2009 9 17 6.09
-10.61% Jan 1994 Sep 1994 9 Oct 1995 13 22 7.19
-9.22% Dec 1996 Apr 1997 5 Sep 1998 17 22 5.74
-4.93% Feb 1999 Jan 2000 12 Dec 2000 11 23 3.23
-4.80% May 2013 Aug 2013 4 Aug 2014 12 16 2.85
-4.74% Dec 2006 Jun 2007 7 Jan 2008 7 14 2.29
-4.59% Feb 2015 Jun 2015 5 Feb 2016 8 13 2.43
-3.83% Aug 2016 Jan 2017 6 Mar 2019 26 32 2.64
-3.51% Jan 1996 May 1996 5 Oct 1996 5 10 2.28
-3.51% Jul 2005 Jun 2006 12 Oct 2006 4 16 1.97
-3.27% Oct 2010 Mar 2011 6 Oct 2011 7 13 1.95
-2.92% Jun 2003 Aug 2003 3 Nov 2004 15 18 1.52
-2.70% Mar 2020 Mar 2020 1 May 2020 2 3 1.35
-2.26% Nov 1998 Nov 1998 1 Dec 1998 1 2 1.30
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-14.88% Jan 2021 Sep 2022 21 in progress 12 33 9.15
-10.03% Mar 2008 Nov 2008 9 Jul 2009 8 17 4.88
-8.68% Feb 1994 Aug 1994 7 Jul 1995 11 18 5.98
-8.31% Dec 1996 Apr 1997 5 Sep 1998 17 22 4.42
-4.82% Apr 1987 Sep 1987 6 Dec 1987 3 9 2.61
-4.24% May 2013 Aug 2013 4 May 2014 9 13 2.62
-3.70% Feb 1985 Feb 1985 1 Apr 1985 2 3 1.85
-3.57% Dec 1989 Apr 1990 5 Jun 1990 2 7 1.85
-3.35% May 1986 May 1986 1 Jul 1986 2 3 1.72
-3.17% May 1999 Aug 1999 4 Mar 2000 7 11 2.19
-3.03% Oct 2016 Jan 2017 4 Nov 2017 10 14 1.63
-2.91% Mar 2020 Mar 2020 1 Jul 2020 4 5 1.29
-2.88% Apr 2015 Jun 2015 3 Jan 2016 7 10 1.48
-2.76% Aug 1990 Aug 1990 1 Nov 1990 3 4 1.80
-2.34% Jun 2003 Aug 2003 3 Jan 2004 5 8 1.35
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-26.19% Jan 2021 Sep 2023 33 in progress 33 18.06
-11.77% Mar 2008 Oct 2008 8 Jul 2009 9 17 6.09
-10.61% Jan 1994 Sep 1994 9 Oct 1995 13 22 7.19
-9.22% Dec 1996 Apr 1997 5 Sep 1998 17 22 5.74
-7.32% Mar 1987 Sep 1987 7 Jan 1988 4 11 3.88
-6.02% Aug 1989 Apr 1990 9 Dec 1990 8 17 3.09
-4.93% Feb 1999 Jan 2000 12 Dec 2000 11 23 3.23
-4.80% May 2013 Aug 2013 4 Aug 2014 12 16 2.85
-4.74% Dec 2006 Jun 2007 7 Jan 2008 7 14 2.29
-4.59% Feb 2015 Jun 2015 5 Feb 2016 8 13 2.43
-4.15% Feb 1985 Feb 1985 1 May 1985 3 4 1.95
-3.83% Aug 2016 Jan 2017 6 Mar 2019 26 32 2.64
-3.62% May 1986 May 1986 1 Aug 1986 3 4 1.76
-3.51% Jan 1996 May 1996 5 Oct 1996 5 10 2.28
-3.51% Jul 2005 Jun 2006 12 Oct 2006 4 16 1.97

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 INTERNATIONAL BOND (BNDX) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 October 1993 - 30 September 2023 (30 Years)
Data Source: 1 January 1985 - 30 September 2023 (~39 years)
Inflation Adjusted:
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
 Latest Negative
Periods
Ann.
Return		 From
To		 Growth
of 1$		 Ann.
Return		 Growth
of 1$		 Ann.
Return		 Growth
of 1$		 Ann.
Return		 Growth
of 1$		 Ann.
Return		 From
To		 Growth
of 1$
1Y -13.01 10/2021
09/2022 		0.86$ -0.31 0.99$ 4.66 1.04$ 10.93 1.10$ 21.23 01/1995
12/1995 		1.21$ 2.21 15.76%
2Y -7.67 01/2021
12/2022 		0.85$ 1.90 1.03$ 5.31 1.10$ 9.07 1.18$ 15.19 11/2008
10/2010 		1.32$ -5.71 7.12%
3Y -4.28 03/2020
02/2023 		0.87$ 3.20 1.09$ 5.35 1.16$ 8.06 1.26$ 11.43 11/2008
10/2011 		1.38$ -4.19 5.54%
5Y -0.21 01/2018
12/2022 		0.98$ 3.29 1.17$ 5.71 1.32$ 7.59 1.44$ 9.58 04/1998
03/2003 		1.58$ -0.01 1.33%
7Y 0.18 10/2016
09/2023 		1.01$ 4.03 1.31$ 6.04 1.50$ 7.14 1.62$ 8.32 11/1994
10/2001 		1.74$ 0.18 0.00%
10Y 1.47 01/2013
12/2022 		1.15$ 4.62 1.57$ 5.93 1.77$ 6.64 1.90$ 7.54 02/1995
01/2005 		2.06$ 1.84 0.00%
15Y 3.31 03/2008
02/2023 		1.62$ 4.96 2.06$ 5.62 2.26$ 6.65 2.62$ 7.22 04/1998
03/2013 		2.84$ 3.88 0.00%
20Y 3.70 03/2003
02/2023 		2.06$ 4.47 2.39$ 5.88 3.13$ 6.18 3.31$ 6.79 02/1995
01/2015 		3.71$ 3.71 0.00%
30Y 4.64 10/1993
09/2023 		3.89$ 4.64 3.89$ 4.64 3.89$ 4.64 3.89$ 4.64 10/1993
09/2023 		3.89$ 4.64 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
 Latest Negative
Periods
Ann.
Return		 From
To		 Growth
of 1$		 Ann.
Return		 Growth
of 1$		 Ann.
Return		 Growth
of 1$		 Ann.
Return		 Growth
of 1$		 Ann.
Return		 From
To		 Growth
of 1$
1Y -19.61 10/2021
09/2022 		0.80$ -2.70 0.97$ 2.20 1.02$ 8.44 1.08$ 19.52 11/2008
10/2009 		1.19$ -1.20 32.09%
2Y -13.50 01/2021
12/2022 		0.74$ -0.45 0.99$ 3.13 1.06$ 6.58 1.13$ 14.62 11/2008
10/2010 		1.31$ -10.88 17.51%
3Y -9.32 10/2020
09/2023 		0.74$ 0.80 1.02$ 3.23 1.10$ 5.96 1.18$ 9.79 11/2008
10/2011 		1.32$ -9.32 9.85%
5Y -3.85 10/2018
09/2023 		0.82$ 1.32 1.06$ 3.50 1.18$ 5.21 1.28$ 7.30 11/2008
10/2013 		1.42$ -3.85 7.97%
7Y -3.21 10/2016
09/2023 		0.79$ 2.06 1.15$ 3.42 1.26$ 4.95 1.40$ 6.33 11/2008
10/2015 		1.53$ -3.21 7.58%
10Y -1.11 01/2013
12/2022 		0.89$ 2.51 1.28$ 3.65 1.43$ 4.17 1.50$ 5.01 02/1995
01/2005 		1.63$ -0.88 6.64%
15Y 0.91 03/2008
02/2023 		1.14$ 2.61 1.47$ 3.42 1.65$ 4.15 1.83$ 4.68 01/1998
12/2012 		1.98$ 1.56 0.00%
20Y 1.12 10/2003
09/2023 		1.24$ 2.02 1.49$ 3.64 2.04$ 3.92 2.15$ 4.46 02/1995
01/2015 		2.39$ 1.12 0.00%
30Y 2.05 10/1993
09/2023 		1.84$ 2.05 1.84$ 2.05 1.84$ 2.05 1.84$ 2.05 10/1993
09/2023 		1.84$ 2.05 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
 Latest Negative
Periods
Ann.
Return		 From
To		 Growth
of 1$		 Ann.
Return		 Growth
of 1$		 Ann.
Return		 Growth
of 1$		 Ann.
Return		 Growth
of 1$		 Ann.
Return		 From
To		 Growth
of 1$
1Y -13.01 10/2021
09/2022 		0.86$ 0.42 1.00$ 6.05 1.06$ 13.98 1.13$ 31.75 03/1985
02/1986 		1.31$ 2.21 12.78%
2Y -7.67 01/2021
12/2022 		0.85$ 2.60 1.05$ 6.02 1.12$ 10.51 1.22$ 22.63 03/1985
02/1987 		1.50$ -5.71 5.43%
3Y -4.28 03/2020
02/2023 		0.87$ 3.47 1.10$ 6.25 1.19$ 9.90 1.32$ 17.37 11/1990
10/1993 		1.61$ -4.19 4.19%
5Y -0.21 01/2018
12/2022 		0.98$ 3.83 1.20$ 6.41 1.36$ 9.81 1.59$ 13.50 01/1989
12/1993 		1.88$ -0.01 0.99%
7Y 0.18 10/2016
09/2023 		1.01$ 4.27 1.34$ 6.43 1.54$ 9.83 1.92$ 13.10 01/1985
12/1991 		2.36$ 0.18 0.00%
10Y 1.47 01/2013
12/2022 		1.15$ 5.11 1.64$ 6.24 1.83$ 8.64 2.29$ 11.30 03/1985
02/1995 		2.91$ 1.84 0.00%
15Y 3.31 03/2008
02/2023 		1.62$ 5.07 2.10$ 6.39 2.53$ 8.51 3.40$ 9.89 03/1985
02/2000 		4.11$ 3.88 0.00%
20Y 3.70 03/2003
02/2023 		2.06$ 5.40 2.86$ 6.43 3.47$ 7.73 4.43$ 9.35 03/1985
02/2005 		5.97$ 3.71 0.00%
30Y 4.64 10/1993
09/2023 		3.89$ 5.38 4.81$ 6.78 7.15$ 7.33 8.34$ 8.24 03/1985
02/2015 		10.76$ 4.64 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
 Latest Negative
Periods
Ann.
Return		 From
To		 Growth
of 1$		 Ann.
Return		 Growth
of 1$		 Ann.
Return		 Growth
of 1$		 Ann.
Return		 Growth
of 1$		 Ann.
Return		 From
To		 Growth
of 1$
1Y -19.61 10/2021
09/2022 		0.80$ -2.24 0.97$ 3.24 1.03$ 11.57 1.11$ 29.20 05/1985
04/1986 		1.29$ -1.20 27.53%
2Y -13.50 01/2021
12/2022 		0.74$ 0.21 1.00$ 3.63 1.07$ 7.89 1.16$ 19.51 03/1985
02/1987 		1.42$ -10.88 13.35%
3Y -9.32 10/2020
09/2023 		0.74$ 1.13 1.03$ 3.86 1.12$ 6.94 1.22$ 14.00 11/1990
10/1993 		1.48$ -9.32 7.44%
5Y -3.85 10/2018
09/2023 		0.82$ 1.76 1.09$ 4.07 1.22$ 6.58 1.37$ 9.26 01/1989
12/1993 		1.55$ -3.85 5.91%
7Y -3.21 10/2016
09/2023 		0.79$ 2.48 1.18$ 4.02 1.31$ 6.21 1.52$ 8.82 01/1985
12/1991 		1.80$ -3.21 5.50%
10Y -1.11 01/2013
12/2022 		0.89$ 3.15 1.36$ 3.91 1.46$ 5.52 1.71$ 7.44 03/1985
02/1995 		2.04$ -0.88 4.62%
15Y 0.91 03/2008
02/2023 		1.14$ 2.93 1.54$ 3.94 1.78$ 5.38 2.19$ 6.49 03/1985
02/2000 		2.56$ 1.56 0.00%
20Y 1.12 10/2003
09/2023 		1.24$ 3.24 1.89$ 3.97 2.17$ 4.64 2.47$ 6.16 03/1985
02/2005 		3.30$ 1.12 0.00%
30Y 2.05 10/1993
09/2023 		1.84$ 2.79 2.28$ 4.20 3.43$ 4.55 3.79$ 5.41 03/1985
02/2015 		4.86$ 2.05 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods

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

Seasonality

In which months is it better to invest in Vanguard Total International Bond (BNDX) ETF?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.
For further information about the seasonality, check the Asset Class Seasonality page.
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.65
60%
-0.71
40%
-0.17
40%
-0.18
60%
0.23
60%
0.15
80%
1.36
80%
-0.49
40%
-1.05
20%
0.00
60%
0.78
80%
-0.45
40%
Best 2.4
2023 		0.7
2020 		2.6
2023 		1.9
2020 		1.3
2019 		1.6
2019 		3.2
2022 		2.1
2019 		0.9
2020 		0.5
2022 		2.4
2022 		1.2
2018
Worst -1.4
2022 		-1.7
2021 		-2.9
2020 		-3.0
2022 		-0.7
2022 		-1.7
2022 		-0.1
2023 		-3.6
2022 		-2.9
2022 		-0.5
2019 		-0.5
2019 		-2.7
2022
Monthly Seasonality over the period Feb 1985 - Sep 2023
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.62
60%
-0.08
60%
0.18
60%
-0.12
50%
0.26
60%
0.20
70%
0.97
90%
-0.07
60%
-0.52
30%
0.14
70%
0.43
80%
-0.10
50%
Best 2.4
2023 		1.3
2016 		2.6
2023 		1.9
2020 		1.3
2019 		1.9
2016 		3.2
2022 		2.1
2019 		0.9
2020 		0.8
2013 		2.4
2022 		1.2
2018
Worst -1.4
2022 		-1.7
2021 		-2.9
2020 		-3.0
2022 		-0.7
2022 		-1.7
2022 		-0.1
2023 		-3.6
2022 		-2.9
2022 		-1.3
2016 		-1.2
2016 		-2.7
2022
Monthly Seasonality over the period Feb 1985 - Sep 2023
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.58
69%
0.32
69%
0.26
64%
0.20
63%
0.51
67%
0.47
62%
0.93
77%
0.62
72%
0.40
67%
0.71
79%
0.47
71%
0.99
66%
Best 3.4
1988 		4.6
1986 		3.7
1985 		2.5
1995 		4.6
1985 		2.7
1986 		3.2
2022 		3.8
1985 		6.4
1998 		4.1
1998 		3.9
1995 		5.3
1992
Worst -4.3
1997 		-3.7
1985 		-2.9
2020 		-3.1
1987 		-3.4
1986 		-2.0
2013 		-2.5
1997 		-3.6
2022 		-4.6
2008 		-3.1
2008 		-2.5
1997 		-2.7
2022
Monthly Seasonality over the period Feb 1985 - Sep 2023

Monthly Returns

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

VANGUARD TOTAL INTERNATIONAL BOND (BNDX) ETF
Monthly Returns Distribution
Data Source: 1 October 1993 - 30 September 2023 (30 Years)
Data Source: 1 January 1985 - 30 September 2023 (~39 years)
242 Positive Months (67%) - 118 Negative Months (33%)
320 Positive Months (69%) - 145 Negative Months (31%)
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(Scroll down to see all data)
Investment Returns, up to December 2013, are simulated.
They have been derived using the historical series of equivalent ETFs / Assets.

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