ETF Versus

BNDX vs GLD

Vanguard Total International Bond Index Fund vs SPDR Gold Shares

Last updated: 2026-04-02

Vanguard Total International Bond Index Fund (BNDX) is an exchange-traded fund that provides exposure to international bond securities. It charges a low expense ratio of 0.07%. The fund offers a high dividend yield of 4.46%. Launched in 2013, the fund has a 13-year track record.

AUM: $76.8B ER: 0.07% Yield: 4.46% Since: Jun 4, 2013
GLD State Street

SPDR Gold Shares (GLD) is an exchange-traded fund issued by State Street that provides exposure to gold securities. It charges an above-average expense ratio of 0.40%. Launched in 2004, the fund has a 22-year track record.

AUM: $151.9B ER: 0.40% Yield: 0.00% Since: Nov 18, 2004

Quick Verdict

BNDX is significantly cheaper at 0.07% vs 0.40% expense ratio, saving you approximately $647 per $10,000 invested over 10 years. Over the past year, GLD has significantly outperformed with a 52.3% return vs -1.7%. Income investors may prefer BNDX for its higher yield (4.5% vs 0.0%).

Key Metrics

Metric BNDX GLD
Expense Ratio 0.07% 0.40%
Dividend Yield 4.5% 0.0%
Fund Family N/A State Street
Category International Bond Gold

Performance Chart

Indexed to 100 at start (5-year comparison)

80 123 166 209 252 295 2021-04 2022-06 2023-09 2024-12 2026-04
BNDX -15.9%
GLD +170.4%

Performance Comparison

Period BNDX GLD Difference
1 Month -1.88% -10.65% +8.77%
3 Months -0.62% +9.93% -10.55%
6 Months -2.83% +22.42% -25.25%
YTD -0.62% +9.93% -10.55%
1 Year -1.68% +52.25% -53.93%
3 Years -1.88% +137.25% -139.13%
5 Years -15.89% +170.39% -186.28%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period BNDX Fees GLD Fees You Save
$10.000 10 years $140 $786 $647
$10.000 20 years $600 $3.334 $2.733
$10.000 30 years $1.938 $10.601 $8.662
$50.000 10 years $698 $3.932 $3.234
$50.000 30 years $9.692 $53.003 $43.311
$100.000 30 years $19.383 $106.005 $86.622

Risk Metrics

Based on 5 years of daily returns

Metric BNDX GLD
Annualized Volatility 5.3% 17.8%
Max Drawdown -19.1% -21.0%
Sharpe Ratio -1.48 0.96

Dividend Comparison

Metric BNDX GLD
Annual Dividend (per share) $2.14 $0.00
Dividend Yield 4.45% 0.00%
Distribution Frequency Monthly None

Which One Should You Choose?

Choose BNDX if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose GLD if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose BNDX if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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