BNDW vs IVV
BNDW vs IVV
Vanguard Total World Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BNDW | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.05% | 0.03% | |
| AUM | $1.9B | $865.2B | |
| Dividend Yield | 2.84% | 1.09% | |
| Holdings | 4 | 508 | |
| YTD Return | +0.01% | +13.13% | |
| 1Y Return | +1.41% | +22.90% | |
| 3Y Return (annualized) | +4.09% | +21.08% | |
| 5Y Return (annualized) | -0.17% | +13.27% | |
| Volatility (annualized) | 5.0% | 15.1% | |
| Max Drawdown | -17.7% | -56.5% | |
| Fund Family | Vanguard (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 4, 2018 | May 15, 2000 |
BNDW vs IVV Performance
Vanguard Total World Bond ETF (BNDW) is a ETF from Vanguard (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BNDW returned +1.41% while IVV returned +22.90%. Year to date, BNDW is up 0.01% versus a gain of 13.13% for IVV.
Over three years, BNDW compounded at +4.09% per year against +21.08% for IVV; over five years the annualized figures are -0.17% and +13.27% respectively. Across the full 8-year window we track, IVV has the edge at +7.02% annualized vs +0.90%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 5.0% for BNDW. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -17.7% for BNDW and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BNDW charges 0.05% per year while IVV charges 0.03%. On a $10,000 position that is $5 vs $3 annually, a gap of $2 per year that compounds over a long holding period. On income, BNDW currently yields 2.84% against 1.09% for IVV.
Holdings Overlap
BNDW and IVV share 0 holdings out of 508 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BNDW or IVV?
BNDW has an expense ratio of 0.05% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, BNDW or IVV?
Over the past year BNDW returned +1.41% vs +22.90% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (8 years), BNDW annualized +0.90% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, BNDW or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 5.0% for BNDW. Worst drawdown: BNDW -17.7% vs IVV -56.5%.
Should I hold both BNDW and IVV?
BNDW and IVV have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BNDW and IVV?
BNDW and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, BNDW or IVV?
BNDW yields 2.84% while IVV yields 1.09%, so BNDW currently pays the higher dividend yield.
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