A side-by-side comparison of CIBC Global Bond ex-Canada Index ETF (CAD-Hedged) (CGBI) and Vanguard Total World Bond ETF (BNDW) 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 | CGBI | BNDW |
|---|---|---|
| YTD Return | -3.36% | -1.38%✓ |
| 1-Day Change | 0.00% | +0.23%✓ |
| 1-Week Change | +0.18%✓ | +0.12% |
| 1-Month Change | +1.13%✓ | +1.38% |
| Current Price | $16.95 | $66.76 |
| AUM | $803M | $1.93B✓ |
| MER (Expense Ratio) | 0.19% | 0.04%✓ |
| Dividend Yield | 3.04% | 4.56%✓ |
| Distribution Frequency | Monthly | — |
| Inception Date | 2021-09-13 | 2018-09-04 |
| Holdings Count | 1 | 2 |
| MorningStar Rating | — | — |
| Category | Global Bonds | Global Bonds |
| Beta | 0.57 | 0.81 |
| 52-Week High | $17.50 | $68.33 |
| 52-Week Low | $16.72 | $65.47 |
| 50-Day MA | $16.97 | $66.55 |
| 200-Day MA | $17.33 | $67.92 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | CGBI | BNDW |
|---|---|---|
| YTD | -3.36% | -1.38%✓ |
| 1 Year | -1.98% | -0.98%✓ |
| 3 Year | +3.43% | +4.63%✓ |
| 5 Year | -0.88% | -0.03%✓ |
| 10 Year | +0.00% | +0.00% |
| 1Y Volatility | 3.62% | 3.71% |
| Sharpe Ratio (3Y) | -0.20 | -0.11 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | MBB | iShares MBS ETF | 13.48% |
| 1 | BND | Vanguard Bond Index Funds - Vanguard Total Bond Market ETF | 51.18% |
| 2 | BNDX | Vanguard Charlotte Funds - Vanguard Total International Bond ETF | 47.16% |
Sector Weights
| Sector | CGBI | BNDW |
|---|---|---|
| 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 CGBI
NA
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.
Which ETF is Right for You?
Both CGBI and BNDW 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, BNDW 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 CGBI and BNDW?
CGBI (CIBC Global Bond ex-Canada Index ETF (CAD-Hedged)) and BNDW (Vanguard Total World Bond ETF) are both Canadian-listed ETFs. Key differences include their AUM ($803M vs $1.93B), dividend yield (3.04% vs 4.56%), and year-to-date performance (-3.36% vs -1.38%).
Is CGBI better than BNDW?
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 CGBI and BNDW on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both CGBI and BNDW should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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