Skip to content
etf.net

BNDX vs IUSB

Vanguard Total International Bond ETF

BNDXANasdaq

iShares Core Universal USD Bond ETF

IUSBANasdaq

Overlap

No data

Expense ratio

IUSB −0.01pt a year

BNDX0.07%IUSB0.06%

Avg volume · 30D

IUSB 1.4×the volume

BNDX4.48MIUSB6.13M

10Y return · a year

IUSB +0.2pt

BNDX+1.5%IUSB+1.7%

BNDX vs IUSB Performance

Oct 29, 2021 – Oct 30, 2026

+1.6%BNDX+0.9%IUSB

Oct 29, 2021 to Oct 30, 2026. BNDX +1.6%. IUSB +0.9%. Use the arrow keys to read each point.−15%−10%−5%Oct 2021Apr 2024Oct 2026
Expense ratio
BNDX 0.07%
IUSB 0.06%, better
Fund size
BNDX $122B
IUSB $50.2B
1Y total return
BNDX −0.5%
IUSB 0.0%, better
Yield (12M)
BNDX 4.64%, better
IUSB 4.32%
Holdings
BNDX 6854
IUSB 18280
Avg volume (30D)
BNDX 4.48M sh
IUSB 6.13M sh, better
NAV per share
BNDX $47.33
IUSB $44.91
52W range

ETF.net Grade

BNDX: Cost 88, Risk 54, Mission not scored, Tradability 65, Holdings 99, Durability 96. IUSB: Cost 92, Risk 54, Mission 100, Tradability 89, Holdings 76, Durability 94.
Pillar letters and Scores for BNDX, IUSB, with each pillar’s weight
PillarBNDXIUSB
Cost30% weightA88A92Higher
Mission25% weightNot scoredA100
Risk15% weightC54C54
Tradability15% weightB65A89Higher
Holdings10% weightA99HigherA76
Durability5% weightA96HigherA94

Rank among US Aggregate Bond funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BNDX and IUSB are both graded against the same 114 US Aggregate Bond funds, so their Grades compare head to head.

US Aggregate Bond⁠

Category · 114 funds
See all 114 ›

IUSB ranks 2nd and BNDX 12th of 114 funds in the US Aggregate Bond Category.

  1. Rank 1AAGGiShares Core U.S. Aggregate Bond ETFScore 87
  2. Rank 2AIUSBiShares Core Universal USD Bond ETFScore 86
  3. Rank 2ASCHZSchwab U.S. Aggregate Bond ETFScore 86
  4. Rank 12AAVIGAvantis Core Fixed Income ETFScore 78
  5. Rank 12ABNDXVanguard Total International Bond ETFScore 78
  6. Rank 14AAGGYWisdomTree Yield Enhanced U.S. Aggregate Bond FundScore 77

Our read on each fund

ETF.net Research

BNDXAVanguard Total International Bond ETF

IUSBAiShares Core Universal USD Bond ETF

In short

BNDX The international half of a global bond portfolio with the currency risk stripped out. BNDX tracks investment-grade bonds from outside the US and hedges them back to dollars, so you get foreign rates and credit without the FX rollercoaster.

IUSB Most core bond funds stop at investment grade. IUSB keeps going, folding high-yield USD debt into the same wrapper across roughly 18,000 bonds, for 0.06% a year.

Stated mandate

BNDX Seeks to track a benchmark measuring the investment return of non-U.S.-dollar-denominated investment-grade bonds. It uses currency hedging and index sampling while maintaining broad exposure to major non-U.S. bond markets.

IUSB The Fund seeks to track an index of U.S.-dollar-denominated bonds spanning investment-grade and high-yield sectors.

Why people hold it

  • BNDX Hedges its foreign bond exposure back to US dollars, so results track overseas rates and credit rather than swings in the euro or yen.vanguard.com
  • Charges 0.07% a year, near the floor for index bond funds, and covers the ex-US ground its stablemate BND leaves out.
  • Running since 2013, one of the largest and most actively traded bond ETFs around, and it distributes monthly.
  • Uses index sampling to hold a broad spread of investment-grade debt across the major non-US bond markets, one of the stronger builds in its peer group.vanguard.com
  • IUSB 0.06% a year, a fraction of what the typical broad bond fund in its category charges, and iShares has run it since 2014.
  • Roughly 18,000 bonds spanning investment-grade and high-yield sectors, so one ticker covers ground a plain Agg tracker leaves on the table.ishares.com
  • Tracks its index closely, trades heavily, and sits on a multi-billion-dollar asset base. Income is paid monthly.
  • Among the strongest implementations in a crowded field of nearly 200 core bond funds.

Worth knowing

  • BNDX The hedge cuts both ways: it removes the lift from a falling dollar along with the drag from a rising one.
  • Interest rates in Europe and Japan move this portfolio, and a currency hedge does nothing to soften that.
  • No US bonds by mandate. It covers the ex-US slice of a bond allocation only.vanguard.com
  • IUSB That high-yield sleeve is the trade-off: more credit risk than an investment-grade-only fund, and more movement when spreads widen.
  • BND, SPAB and SCHZ charge 0.03%, half IUSB's fee, but they stay inside investment grade.
  • Payouts land monthly, but the amount floats with the coupons underneath. Nothing about the income stream is fixed.

Full BNDX profile⁠

Full IUSB profile⁠

BNDX vs IUSB 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.

BNDX vs IUSB Cost

Overpaying BNDX vs IUSB

$210

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

  • BNDX 0.07%

    $1,480

  • IUSB 0.06%

    $1,270

$10,000
30 years

Cost over time

  • BNDX 0.07%
  • IUSB 0.06%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K051015202530BNDX $1,480IUSB $1,270

Year by year

YearBNDXIUSBOverpaying
10$128$110$18
20$503$432$71
30$1,480$1,270$210

Expense ratio

  • 0.07%BNDX
  • 0.06%IUSB, cheaper
  • Middle half of US Aggregate Bond funds
  • Median 0.34%

IUSB 10th cheapest of 114 funds

BNDX 12th cheapest of 114 funds

BNDX vs IUSB Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BNDX 4.64%, better
IUSB 4.32%
Payout (12M)
BNDX $2.20
IUSB $1.94
Last payment
BNDX $0.11
IUSB $0.15
Ex-dividend
BNDX Oct 1, 2026
IUSB Oct 1, 2026
Paid on
BNDX Oct 5, 2026
IUSB Oct 6, 2026
Frequency
BNDX Monthly
IUSB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

BNDXMonthly · 45 paymentsAll BNDX payments⁠
One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.06; Mar 1, 2023 $0.06; Apr 3, 2023 $0.07; May 1, 2023 $0.07; Jun 1, 2023 $0.07; Jul 3, 2023 $0.08; Aug 1, 2023 $0.08; Sep 1, 2023 $0.08; Oct 2, 2023 $0.08; Nov 1, 2023 $0.08; Dec 1, 2023 $0.09; Dec 22, 2023 $1.36; Feb 1, 2024 $0.09; Mar 1, 2024 $0.09; Apr 1, 2024 $0.09; May 1, 2024 $0.09; Jun 3, 2024 $0.10; Jul 1, 2024 $0.09; Aug 1, 2024 $0.10; Sep 3, 2024 $0.10; Oct 1, 2024 $0.10; Nov 1, 2024 $0.10; Dec 2, 2024 $0.10; Dec 24, 2024 $1.01; Feb 3, 2025 $0.10; Mar 3, 2025 $0.10; Apr 1, 2025 $0.11; May 1, 2025 $0.10; Jun 2, 2025 $0.11; Jul 1, 2025 $0.10; Aug 1, 2025 $0.11; Sep 2, 2025 $0.11; Oct 1, 2025 $0.10; Nov 3, 2025 $0.11; Dec 1, 2025 $0.10; Dec 18, 2025 $0.97; Feb 2, 2026 $0.11; Mar 2, 2026 $0.10; Apr 1, 2026 $0.11; May 1, 2026 $0.11; Jun 1, 2026 $0.11; Jul 1, 2026 $0.11; Aug 3, 2026 $0.12; Sep 1, 2026 $0.12; Oct 1, 2026 $0.11. Use the arrow keys to read each point.$0$120232026YTD
IUSBMonthly · 45 paymentsAll IUSB payments⁠
One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.12; Mar 1, 2023 $0.12; Apr 3, 2023 $0.12; May 1, 2023 $0.13; Jun 1, 2023 $0.14; Jul 3, 2023 $0.13; Aug 1, 2023 $0.14; Sep 1, 2023 $0.13; Oct 2, 2023 $0.13; Nov 1, 2023 $0.14; Dec 1, 2023 $0.14; Dec 14, 2023 $0.15; Feb 1, 2024 $0.13; Mar 1, 2024 $0.15; Apr 1, 2024 $0.15; May 1, 2024 $0.15; Jun 3, 2024 $0.15; Jul 1, 2024 $0.15; Aug 1, 2024 $0.16; Sep 3, 2024 $0.16; Oct 1, 2024 $0.15; Nov 1, 2024 $0.16; Dec 2, 2024 $0.16; Dec 18, 2024 $0.16; Feb 3, 2025 $0.15; Mar 3, 2025 $0.16; Apr 1, 2025 $0.16; May 1, 2025 $0.16; Jun 2, 2025 $0.17; Jul 1, 2025 $0.16; Aug 1, 2025 $0.17; Sep 2, 2025 $0.16; Oct 1, 2025 $0.17; Nov 3, 2025 $0.16; Dec 1, 2025 $0.16; Dec 19, 2025 $0.16; Feb 2, 2026 $0.17; Mar 2, 2026 $0.16; Apr 1, 2026 $0.16; May 1, 2026 $0.16; Jun 1, 2026 $0.15; Jul 1, 2026 $0.16; Aug 3, 2026 $0.17; Sep 1, 2026 $0.17; Oct 1, 2026 $0.15. Use the arrow keys to read each point.$0$120232026YTD

BNDX vs IUSB Risk

Fall from peak · 5 years

  • BNDX
  • IUSB
Oct 29, 2021 to Oct 30, 2026. Worst fall: IUSB −17.4% · Oct 2022. Use the arrow keys to read each point.−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
BNDX 4.2%, betterIUSB 5.5%
Return per unit of riskSharpe ratio, 3 years
BNDX −0.01IUSB 0.25, better
Worst fallMax drawdown, 5 years
BNDX −15.2%, betterIUSB −17.4%
Market sensitivityBeta, 5 years
BNDX 0.62IUSB 0.96

BNDX and IUSB in the news

All news⁠

Popular comparisons

  • BNDXAvsAGGA

    Vanguard Total International Bond ETF · iShares Core U.S. Aggregate Bond ETF

    Expense ratio
    0.07% · 0.03%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • IUSBAvsAGGA

    iShares Core Universal USD Bond ETF · iShares Core U.S. Aggregate Bond ETF

    Expense ratio
    0.06% · 0.03%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BNDXAvsSCHZA

    Vanguard Total International Bond ETF · Schwab U.S. Aggregate Bond ETF

    Expense ratio
    0.07% · 0.03%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • IUSBAvsSCHZA

    iShares Core Universal USD Bond ETF · Schwab U.S. Aggregate Bond ETF

    Expense ratio
    0.06% · 0.03%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BNDXAvsSPABA

    Vanguard Total International Bond ETF · State Street SPDR Portfolio Aggregate Bond ETF

    Expense ratio
    0.07% · 0.03%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • IUSBAvsSPABA

    iShares Core Universal USD Bond ETF · State Street SPDR Portfolio Aggregate Bond ETF

    Expense ratio
    0.06% · 0.03%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.