ETF Versus

BNDX vs IWD

Vanguard Total International Bond Index Fund vs iShares Russell 1000 Value ETF

Last updated: 2026-04-02

BNDX Vanguard

Vanguard Total International Bond Index Fund (BNDX) is an exchange-traded fund issued by Vanguard 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: $115.4B ER: 0.07% Yield: 4.46% Since: 2013-06-04
IWD iShares

iShares Russell 1000 Value ETF (IWD) is an exchange-traded fund issued by iShares that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a moderate expense ratio of 0.19%. The fund offers a moderate dividend yield of 1.66%. Launched in 2000, the fund has a 26-year track record.

AUM: N/A ER: 0.19% Yield: 1.66% Since: 2000-05-26

Quick Verdict

BNDX is significantly cheaper at 0.07% vs 0.19% expense ratio, saving you approximately $237 per $10,000 invested over 10 years. Over the past year, IWD has significantly outperformed with a 13.7% return vs -1.7%. Income investors may prefer BNDX for its higher yield (4.5% vs 1.7%).

Key Metrics

Metric BNDX IWD
Expense Ratio 0.07% 0.19%
Dividend Yield 4.5% 1.7%
Fund Family Vanguard iShares
Category International Bond US Large Cap Value

Performance Chart

Indexed to 100 at start (5-year comparison)

80 94 108 122 136 150 2021-04 2022-06 2023-10 2024-12 2026-04
BNDX -15.9%
IWD +39.5%

Performance Comparison

Period BNDX IWD Difference
1 Month -1.70% -3.22% +1.52%
3 Months -0.64% +1.38% -2.02%
6 Months -2.64% +4.82% -7.46%
YTD -0.64% +1.38% -2.02%
1 Year -1.68% +13.74% -15.42%
3 Years -1.90% +40.52% -42.42%
5 Years -15.91% +39.50% -55.41%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period BNDX Fees IWD Fees You Save
$10,000 10 years $140 $377 $237
$10,000 20 years $600 $1,613 $1,012
$10,000 30 years $1,938 $5,178 $3,239
$50,000 10 years $698 $1,884 $1,186
$50,000 30 years $9,692 $25,888 $16,196
$100,000 30 years $19,383 $51,776 $32,392

Risk Metrics

Based on 5 years of daily returns

Metric BNDX IWD
Annualized Volatility 5.3% 14.9%
Max Drawdown -19.1% -20.3%
Sharpe Ratio -1.48 0.22

Dividend Comparison

Metric BNDX IWD
Annual Dividend (per share) $2.14 $3.58
Dividend Yield 4.46% 1.66%
Distribution Frequency Monthly Quarterly

Top Holdings

BNDX Top Holdings

NameWeight
Vanguard Cmt Funds-Vanguard Market Liquidity Fund231.22%
United Kingdom Gilt32.33%
Bundesrepublik Deutschland Bundesanleihe26.04%
French Republic Government Bond OAT25.14%

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 IWD 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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