BNDX’s worst drop since 2013 was 16%
Vanguard Total International Bond ETF (BNDX) fell 16% from Dec 2020 to Oct 2022. It took 5.2 years from that peak to close at a new high, in Feb 2026. Over the same years the S&P 500 fell as much as 34%.
That drop is milder than most. It ranks 183rd of the 203 ETFs PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 2013 to now
How BNDX held up in each crash
| Crash | Years | BNDX | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | not trading yet | −55.2% |
| COVID crash | 2020 | −5.9% | −33.7% |
| 2022 rate shock | 2022 | −13.9% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
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What was BNDX’s maximum drawdown?
BNDX’s deepest fall since 2013 was 16.2%, from its high on December 11, 2020 to its low on October 20, 2022. The figure uses daily prices with dividends reinvested.
How long did BNDX take to recover?
5.2 years. BNDX first closed above its Dec 2020 high again on February 17, 2026.
Was BNDX riskier than the S&P 500?
Over the same years, BNDX’s worst drop was 16.2% against 33.7% for the S&P 500 (SPY), and its worst 12 months were −14.1% against −19.7%.
Compare with
Daily adjusted closes from Yahoo Finance, June 5, 2013 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.