ETF Versus

BNDX vs SPYG

Vanguard Total International Bond Index Fund vs State Street SPDR Portfolio S&P 500 Growth 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
SPYG State Street

State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) is an exchange-traded fund issued by State Street that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a very low expense ratio of 0.04%. The fund offers a modest dividend yield of 0.57%. Launched in 2000, the fund has a 26-year track record.

AUM: N/A ER: 0.04% Yield: 0.57% Since: 2000-10-02

Quick Verdict

SPYG has a slightly lower expense ratio (0.04% vs 0.07%), saving about $60 per $10,000 over 10 years. Over the past year, SPYG has significantly outperformed with a 21.4% return vs -1.7%. Income investors may prefer BNDX for its higher yield (4.5% vs 0.6%).

Key Metrics

Metric BNDX SPYG
Expense Ratio 0.07% 0.04%
Dividend Yield 4.5% 0.6%
Fund Family Vanguard State Street
Category International Bond US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

80 102 124 146 168 190 2021-04 2022-06 2023-10 2024-12 2026-04
BNDX -15.9%
SPYG +69.7%

Performance Comparison

Period BNDX SPYG Difference
1 Month -1.70% -3.54% +1.84%
3 Months -0.64% -7.19% +6.55%
6 Months -2.64% -5.92% +3.28%
YTD -0.64% -7.19% +6.55%
1 Year -1.68% +21.39% -23.07%
3 Years -1.90% +77.79% -79.69%
5 Years -15.91% +69.72% -85.63%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period BNDX Fees SPYG Fees You Save
$10,000 10 years $140 $80 $60
$10,000 20 years $600 $344 $256
$10,000 30 years $1,938 $1,112 $826
$50,000 10 years $698 $399 $298
$50,000 30 years $9,692 $5,560 $4,131
$100,000 30 years $19,383 $11,121 $8,263

Risk Metrics

Based on 5 years of daily returns

Metric BNDX SPYG
Annualized Volatility 5.3% 21.1%
Max Drawdown -19.1% -33.1%
Sharpe Ratio -1.48 0.40

Dividend Comparison

Metric BNDX SPYG
Annual Dividend (per share) $2.14 $0.56
Dividend Yield 4.46% 0.57%
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 SPYG if...

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

Choose SPYG 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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