ETF Versus

BNDX vs IEFA

Vanguard Total International Bond Index Fund vs iShares Core MSCI EAFE ETF

Last updated: 2026-04-02

Vanguard Total International Bond Index Fund (BNDX) is an exchange-traded fund 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: $76.8B ER: 0.07% Yield: 4.46% Since: Jun 4, 2013
IEFA iShares

iShares Core MSCI EAFE ETF (IEFA) is an exchange-traded fund issued by iShares that provides exposure to equities in developed international markets outside the U.S.. It charges a low expense ratio of 0.07%. The fund offers an attractive dividend yield of 3.46%. Launched in 2012, the fund has a 14-year track record.

AUM: $164.3B ER: 0.07% Yield: 3.46% Since: Oct 18, 2012

Quick Verdict

Over the past year, IEFA has significantly outperformed with a 21.2% return vs -1.7%. Income investors may prefer BNDX for its higher yield (4.5% vs 3.5%).

Key Metrics

Metric BNDX IEFA
Expense Ratio 0.07% 0.07%
Dividend Yield 4.5% 3.5%
Fund Family N/A iShares
Category International Bond International Developed

Performance Chart

Indexed to 100 at start (5-year comparison)

70 83 96 109 122 135 2021-04 2022-06 2023-09 2024-12 2026-04
BNDX -15.9%
IEFA +24.0%

Performance Comparison

Period BNDX IEFA Difference
1 Month -1.88% -4.68% +2.80%
3 Months -0.62% +1.73% -2.35%
6 Months -2.83% +3.46% -6.29%
YTD -0.62% +1.73% -2.35%
1 Year -1.68% +21.19% -22.87%
3 Years -1.88% +36.36% -38.24%
5 Years -15.89% +23.97% -39.86%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period BNDX Fees IEFA Fees You Save
$10.000 10 years $140 $140 $0
$10.000 20 years $600 $600 $0
$10.000 30 years $1.938 $1.938 $0
$50.000 10 years $698 $698 $0
$50.000 30 years $9.692 $9.692 $0
$100.000 30 years $19.383 $19.383 $0

Risk Metrics

Based on 5 years of daily returns

Metric BNDX IEFA
Annualized Volatility 5.3% 16.6%
Max Drawdown -19.1% -33.1%
Sharpe Ratio -1.48 0.07

Dividend Comparison

Metric BNDX IEFA
Annual Dividend (per share) $2.14 $3.18
Dividend Yield 4.45% 3.46%
Distribution Frequency Monthly Semi-Annual or Annual

Top Holdings

IEFA Top Holdings

NameWeight
ASML Holding N.V.!ams/ASML2.18%
AstraZeneca PLC!lon/AZN1.25%
Novartis AG!swx/NOVN1.21%
Roche Holding AG!swx/ROP1.17%
HSBC Holdings plc!lon/HSBA1.16%
Shell plc!lon/SHEL1.12%
Nestlé S.A.!swx/NESN1.05%
Toyota Motor Corporation!tyo/72030.85%
Commonwealth Bank of Australia!asx/CBA0.85%
Mitsubishi UFJ Financial Group, Inc.!tyo/83060.81%

Which One Should You Choose?

Choose IEFA 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.

Related Comparisons