A side-by-side comparison of Vanguard Total World Bond ETF (BNDW) and Dimensional Global Credit ETF (DGCB) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | BNDW | DGCB |
|---|---|---|
| YTD Return | -2.86% | -2.82%✓ |
| 1-Day Change | -0.14% | +0.29%✓ |
| 1-Week Change | -0.42% | -0.09%✓ |
| 1-Month Change | -1.78% | -1.64%✓ |
| Current Price | $65.76 | $52.06 |
| AUM | $1.91B✓ | $1.10B |
| MER (Expense Ratio) | 0.05%✓ | 0.2% |
| Dividend Yield | 4.29% | 5.64%✓ |
| Distribution Frequency | — | — |
| Inception Date | 2018-09-04 | 2023-11-07 |
| Holdings Count | 2 | 1 |
| MorningStar Rating | ★★ | — |
| Category | Global Bond-USD Hedged | Global Bond-USD Hedged |
| Beta | 0.82 | 0.00 |
| 52-Week High | $68.33 | $54.23 |
| 52-Week Low | $65.47 | $51.73 |
| 50-Day MA | $67.09 | $53.01 |
| 200-Day MA | $68.19 | $54.15 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | BNDW | DGCB |
|---|---|---|
| YTD | -2.86% | -2.82%✓ |
| 1 Year | -0.71% | -0.14%✓ |
| 3 Year | +4.03% | — |
| 5 Year | -0.33% | — |
| 10 Year | — | — |
| 1Y Volatility | 3.24% | 3.73% |
| Sharpe Ratio (3Y) | -0.13 | — |
Past performance is not a guarantee of future results.
Sector Weights
| Sector | BNDW | DGCB |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About BNDW
The fund is a fund of funds and employs an indexing investment approach designed to track the performance of the index, which is a custom, USD-hedged index designed to track the market capitalized weights of the global investment-grade bond market and is comprised of the Bloomberg U.S. Aggregate Float Adjusted Index and the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index.
About DGCB
The fund seeks to maximize total returns primarily from a universe of U.S. and foreign corporate debt securities that mature within twenty years from the date of settlement. The Portfolio generally emphasizes investments in debt securities rated A+ to BBB- by S&P or Fitch or A1 to Baa3 by Moody"s. The Portfolio may also invest in higher-rated investment grade securities and/or below-investment grade securities depending on the expected credit premium.
Which ETF is Right for You?
Both BNDW and DGCB are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, DGCB scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between BNDW and DGCB?
BNDW (Vanguard Total World Bond ETF) and DGCB (Dimensional Global Credit ETF) are both Canadian-listed ETFs. Key differences include their AUM ($1.91B vs $1.10B), dividend yield (4.29% vs 5.64%), and year-to-date performance (-2.86% vs -2.82%).
Is BNDW better than DGCB?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy BNDW and DGCB on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both BNDW and DGCB should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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