BNDW vs EVTR: Grades, Fees and Holdings Compared

Vanguard Total World Bond ETF

BNDWANasdaq

Eaton Vance Total Return Bond ETF

EVTRANYSE

Overlap

0.0%by weight

Expense ratio

BNDW −0.27pt a year

BNDW0.05%EVTR0.32%

Avg volume · 30D

EVTR 6.5×the volume

BNDW117KEVTR761K

BNDW vs EVTR Performance

Oct 31, 2025 – Nov 2, 2026

−0.2%BNDW+0.1%EVTR

Expense ratio: BNDW 0.05%, better; EVTR 0.32%
Fund size: BNDW $1.9B; EVTR $6.57B
1Y total return: BNDW −0.2%; EVTR +0.1%, better
Yield (12M): BNDW 4.68%; EVTR 5.05%, better
Holdings: BNDW 4; EVTR 962
Avg volume (30D): BNDW 117K sh; EVTR 761K sh, better
NAV per share: BNDW $66.90; EVTR $49.11
52W range

ETF.net Grade

Pillar letters and Scores for BNDW, EVTR, with each pillar’s weight
Pillar	BNDW	EVTR
Cost30% weight	A100Higher	A71
Mission25% weight	A100	A100
Risk15% weight	C43Higher	C40
Tradability15% weight	B66	A91Higher
Holdings10% weight	F20	D29Higher
Durability5% weight	A83	A83

Rank among Global Aggregate Bond (Unhedged) funds

How we build Categories ›

Same Category. BNDW and EVTR are both graded against the same 28 Global Aggregate Bond (Unhedged) funds, so their Grades compare head to head.

Global Aggregate Bond (Unhedged)⁠

Category · 28 funds

See all 28 ›

BNDW ranks 2nd and EVTR 6th of 28 funds in the Global Aggregate Bond (Unhedged) Category.

Rank 1ADFGPDimensional Global Core Plus Fixed Income ETFScore 81
Rank 2ABNDWVanguard Total World Bond ETFScore 77
Rank 2AGRNBVanEck Green Bond ETFScore 77
Rank 4ADFSBDimensional Global Sustainability Fixed Income ETFScore 75
Rank 6AEVTREaton Vance Total Return Bond ETFScore 73
Rank 6AFBNDFidelity Total Bond ETFScore 73

Our read on each fund

ETF.net Research

BNDWAVanguard Total World Bond ETF

EVTRAEaton Vance Total Return Bond ETF

In short

BNDW One ticker for the whole investment-grade bond market, home and abroad. Vanguard built BNDW as a wrapper around its own US and international bond funds and prices the package at 0.05% a year.

EVTR Most core bond ETFs just clone the index. EVTR goes active: a core-plus mix of investment grade bonds with room for opportunistic higher-yielding picks, from a strategy whose lineage dates to 1984, priced under its category median.

Stated mandate

BNDW The fund seeks to track the Bloomberg Global Aggregate Float Adjusted Composite Index and provide broad exposure to the global investment-grade bond market through an ETF-of-ETFs structure.

EVTR The Fund seeks above-average total return over a three- to five-year market cycle. It invests primarily in diversified U.S. dollar-denominated investment-grade fixed-income securities and may opportunistically invest in lower-rated or unrated securities.

Why people hold it

BNDW 0.05% a year against a category median of 0.36%. The global version costs a fraction of what the typical aggregate bond fund charges.
An ETF-of-ETFs by design: one buy covers US and overseas investment-grade bonds, tracking the Bloomberg Global Aggregate Float Adjusted Composite Index.vanguard.com
Income arrives monthly, not quarterly, and the fund has hugged its benchmark closely rather than drifting from it.
Running since 2018 and now a multi-billion-dollar fund, it sits among the stronger builds in a crowded aggregate-bond field.

EVTR Active management at a below-average price. Its 0.32% fee sits under the median for aggregate bond ETFs (0.36%), which is unusual for a stock-picker's approach to bonds.
Core-plus by design: a diversified base of investment grade bonds, plus opportunistic higher-yielding positions, run by Eaton Vance's broad markets fixed income team.eatonvance.com
The portfolio does what the prospectus says it does, and it stands in the top quartile of its aggregate-bond peer group on our review.
Pays monthly, and it is a multi-billion-dollar fund that changes hands regularly enough to keep trading friction modest.

Worth knowing

BNDW US-only aggregate funds (BND, SPAB, SCHZ) run a touch cheaper at 0.03%. Global reach is what the extra basis points buy.
Volume is moderate next to the US aggregate giants, which can show up as a wider spread when you trade.
Still a bond fund: prices move against interest rates, and here the rate cycles of several countries feed into that, not just the Fed's.

EVTR The index giants in this category (BND, SPAB, SCHZ) charge 0.03%. That is roughly a tenth of EVTR's fee, so the manager's calls carry the burden of justifying the gap.
No index to grade the work against. Sector and credit decisions drive the outcome, in both directions.eatonvance.com
The plus in core-plus is credit. Opportunistic higher-yielding bonds add default risk that a pure investment grade tracker does not carry, on top of normal rate sensitivity.eatonvance.com

Full BNDW profile⁠

Full EVTR profile⁠

BNDW vs EVTR Holdings

How BNDW and EVTR differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of BNDW and 0.0% of EVTR.

Level by level

Holdings0 in both0.0%
Countryby domicile58.6%

Sector

No Sector split for BNDW and EVTR.

Country, concentration and asset class

Country by domicile

Country weights in BNDW and EVTR, widest gap first
Country	More in BNDWMore in EVTR	BNDW	EVTR
United States	EVTR +39.4 points	50.3%	89.7%
Japan	BNDW +5.7 points	5.7%	0.0%
France	BNDW +5.4 points	5.6%	0.2%
Germany	BNDW +5.1 points	5.1%	0.0%
United Kingdom	BNDW +3.7 points	4.4%	0.7%
Italy	BNDW +3.6 points	3.6%	0.0%
Spain	BNDW +2.4 points	2.6%	0.2%
Australia	BNDW +1.9 points	2.0%	0.1%
Other countries (34)	BNDW +11.6 points	20.8%	9.2%

Outside the US: BNDW 80% developed, 20% emerging.

Concentration

Weight in the 10 largest Holdings

BNDW100.0%
EVTR46.4%

Securities held

BNDW2
EVTR831

Asset class

BNDW: Fixed Income
EVTR: Multi-Asset

Holdings

Only in BNDW2
In both0
Only in EVTR831

Only in BNDW

2 securities, 100% of BNDW by weight

Vanguard Total Bond Market ETF51.31%
Vanguard Total International Bond ETF48.69%

Only in EVTR

831 securities, 100% of EVTR by weight

Us 2YR Note 12/31/202613.41%
Tba Umbs Single Family 5%9.06%
United 1.375% 11/314.16%
United 3.875% 05/434.16%
Tba Umbs Single 5.5%3.72%
United States of 4% 11/522.54%
United 4.125% 04/332.47%
United 4.625% 05/442.35%
Msilf Government2.29%
United 0.875% 11/302.20%
United 3.875% 04/301.83%
United States 4.25% 05/351.73%
Tba Umbs Single 4.5%1.44%
United 3.875% 09/291.33%
United States 4.25% 08/351.18%
Umbs Mortpass 5.5% 11/540.94%
United 0.625% 08/300.86%
United 1.125% 02/310.83%
United States 2.25% 08/460.82%
United States 3.25% 05/420.70%
Us Ultra Bond 12/21/20260.69%
Us 10YR Note 12/21/20260.61%
Nykredit 3.5% 10/560.60%
Umbs Mortpass 5.5% 01/550.59%
United 1.875% 02/320.58%
Umbs Mortpass 5.5% 12/540.55%
United 3.875% 08/340.46%
United States Zero 12/260.46%
Umbs Mortpass 6% 10/550.43%
JPMorgan Chase Var 04/320.42%
Umbs Mortpass 5.5% 02/550.42%
Umbs Mortpass 5.5% 09/550.41%
Umbs Mortpass 6% 07/550.39%
United 1.125% 05/400.38%
Fnma Remics Flt 11/540.38%
Brookfield 5.298% 01/360.37%
Eaton Vance Floating-Rate0.37%
United States 1.25% 08/310.37%
United States of 4% 11/350.35%
Ci Financial 7.5% 05/290.35%
American 6% 07/350.35%
Sopaipilla 7.534% 11/480.34%
Fhlmc Remics Flt 10/540.31%
Indn Commercial Flt 10/410.29%
Nykredit 3.5% 04/530.29%
United 3.875% 03/310.28%
Telus Corp Var 06/560.28%
Bank of America Var 02/320.28%
Umbs Mortpass 5% 11/540.28%
Fhlmc Remics Flt 04/540.27%

Weight gaps

BNDW and EVTR share no securities.

All 2 BNDW holdings⁠All 732 EVTR holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BNDW vs EVTR Cost

Overpaying EVTR vs BNDW

$5,482

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

BNDW 0.05%
$1,060
EVTR 0.32%
$6,542

Amount$10,000

Years30 years

Cost over time

BNDW 0.05%
EVTR 0.32%
Overpaying

Year by year

Year	BNDW	EVTR	Overpaying
10	$92	$580	$488
20	$360	$2,250	$1,890
30	$1,060	$6,542	$5,482

Expense ratio

0.05%BNDW, cheaper
0.32%EVTR

BNDW0.05%EVTR0.32%

0.05%1.15%

Middle half of Global Aggregate Bond (Unhedged) funds
Median 0.40%

BNDW cheapest of 28 funds

EVTR 9th cheapest of 28 funds

BNDW vs EVTR Dividends

Last 12 months to Nov 2, 2026

Yield (12M): BNDW 4.68%; EVTR 5.05%, better
Payout (12M): BNDW $3.12; EVTR $2.48
Last payment: BNDW $0.21; EVTR $0.24
Ex-dividend: BNDW Nov 2, 2026; EVTR Oct 30, 2026
Paid on: BNDW Pays Nov 4, 2026; EVTR Pays Nov 5, 2026
Frequency: BNDW Monthly; EVTR Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

BNDWMonthly · 46 paymentsAll BNDW payments⁠

EVTRMonthly · 32 paymentsAll EVTR payments⁠

BNDW vs EVTR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BNDW 4.7%EVTR 4.9%since Apr 2024
Return per unit of riskSharpe ratio, 3 years: BNDW 0.10EVTR 0.03since Apr 2024
Worst fallMax drawdown, 5 years: BNDW −16.2%EVTR −4.7%since Mar 2024
Market sensitivityBeta, 5 years: BNDW 0.82EVTR 0.96; Market = 1

BNDW and EVTR in the news

All news⁠

First-Year Review
Myriad's allocation fund gained 17%, 1.6 percentage points ahead of global stocks
Oct 2, 2026BNDW
Launch Roundup
Issuers filed 2x ETFs on unlisted stocks and moved to convert $10 billion of munis
Sep 18, 2026EVTR

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BNDW vs EVTR

In short

Stated mandate

Why people hold it

Worth knowing

How BNDW and EVTR differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BNDW

Only in EVTR

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Myriad's allocation fund gained 17%, 1.6 percentage points ahead of global stocks

Issuers filed 2x ETFs on unlisted stocks and moved to convert $10 billion of munis

How BNDW and EVTR differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BNDW

Only in EVTR

Weight gaps