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ISIN
US9219377937
CUSIP
921937793
Issuer
Vanguard
Inception Date
Apr 3, 2007
Region
North America (U.S.)
Leveraged
1x (No leverage)
Index Tracked
Bloomberg U.S. Long Government/Credit Float Adjusted Index
Domicile
United States
Distribution Policy
Distributing
Asset Class
Bond
Assets Under Management
$9B

Share Price Chart


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Performance

BLV Performance Chart

Vanguard Long-Term Bond ETF (BLV) is up 1.1% since the beginning of the year. BLV is currently trading at $69 per share. Investors who bought $1,000 worth of BLV shares 5 years ago would now be looking at an investment worth $834.


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S&P 500 Index

Returns By Period

Vanguard Long-Term Bond ETF (BLV) has returned 1.06% so far this year and 6.70% over the past 12 months. Over the last ten years, BLV has returned 0.94% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.


Vanguard Long-Term Bond ETF

1D
0.38%
1M
2.88%
YTD
1.06%
6M
1.00%
1Y
6.70%
3Y*
2.05%
5Y*
-3.57%
10Y*
0.94%

Benchmark (S&P 500 Index)

1D
-0.57%
1M
1.39%
YTD
9.73%
6M
10.46%
1Y
24.50%
3Y*
19.43%
5Y*
12.21%
10Y*
13.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BLV Monthly Returns History

Based on dividend-adjusted daily data since Apr 10, 2007, BLV's average daily return is +0.02%, while the average monthly return is +0.40%. At this rate, an investment would double in approximately 14.5 years.

Historically, 56% of months were positive and 44% were negative. The best month was Dec 2008 with a return of +13.0%, while the worst month was Apr 2022 at -9.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.

On a daily basis, BLV closed higher 53% of trading days. The best single day was Mar 23, 2020 with a return of +4.9%, while the worst single day was Mar 18, 2020 at -7.5%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.17%3.12%-3.51%-0.20%0.98%0.60%1.06%
20250.51%4.45%-1.25%-1.10%-1.71%2.79%-0.57%0.53%3.16%0.91%0.55%-1.81%6.44%
2024-1.37%-2.38%1.45%-5.38%3.39%0.90%3.40%2.21%2.32%-4.97%2.34%-4.99%-3.65%
20237.26%-5.13%4.62%0.67%-2.92%1.03%-1.14%-2.34%-6.31%-4.58%9.99%7.57%7.35%
2022-4.27%-2.61%-3.98%-9.51%0.23%-3.20%4.44%-5.29%-7.93%-3.79%8.55%-2.29%-26.95%
2021-2.92%-4.21%-3.29%1.83%0.33%3.86%2.99%-0.36%-2.53%1.72%1.10%-1.08%-2.89%

Benchmark Metrics

Vanguard Long-Term Bond ETF has an annualized alpha of 5.73%, beta of -0.07, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since April 10, 2007.

  • This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (19.48%) than losses (12.18%) - typical of diversified or defensive assets.
  • Beta of -0.07 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
  • R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
5.73%
Beta
-0.07
0.01
Upside Capture
19.48%
Downside Capture
12.18%

Expense Ratio

BLV has an expense ratio of 0.03%, which is considered low.


Return for Risk

Risk / Return Rank

BLV ranks 23 for risk / return — below 23% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.


BLV Risk / Return Rank: 2323
Overall Rank
BLV Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
BLV Sortino Ratio Rank: 2323
Sortino Ratio Rank
BLV Omega Ratio Rank: 2222
Omega Ratio Rank
BLV Calmar Ratio Rank: 2525
Calmar Ratio Rank
BLV Martin Ratio Rank: 2323
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Vanguard Long-Term Bond ETF (BLV) and compare them to S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.


BLVBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-1.14

Sortino ratioReturn per unit of downside risk

-1.44

Omega ratioGain probability vs. loss probability

1.15

1.36

-0.22

Calmar ratioReturn relative to maximum drawdown

1.17

2.71

-1.53

Martin ratioReturn relative to average drawdown

2.89

12.15

-9.27

Dividends

Dividend History

Vanguard Long-Term Bond ETF provided a 4.76% dividend yield over the last twelve months, with an annual payout of $3.28 per share.


3.50%4.00%4.50%5.00%5.50%6.00%$0.00$1.00$2.00$3.00$4.00$5.00$6.00$7.0020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$3.28$3.25$3.49$3.03$3.02$3.47$6.71$3.58$3.56$3.46$3.71$3.80

Dividend yield

4.76%4.67%5.09%4.06%4.17%3.37%6.12%3.57%4.07%3.63%4.16%4.37%

Monthly Dividends

The table displays the monthly dividend distributions for Vanguard Long-Term Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.28$0.25$0.28$0.27$0.28$1.37
2025$0.00$0.27$0.25$0.28$0.26$0.28$0.27$0.28$0.27$0.27$0.27$0.55$3.25
2024$0.00$0.28$0.25$0.28$0.54$0.27$0.27$0.27$0.27$0.26$0.27$0.54$3.49
2023$0.00$0.23$0.24$0.26$0.25$0.26$0.25$0.26$0.26$0.25$0.26$0.52$3.03
2022$0.00$0.24$0.23$0.36$0.24$0.25$0.24$0.24$0.24$0.24$0.25$0.49$3.02
2021$0.00$0.26$0.24$0.56$0.24$0.25$0.24$0.25$0.25$0.24$0.25$0.70$3.47

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Vanguard Long-Term Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Vanguard Long-Term Bond ETF was 38.29%, occurring on Oct 19, 2023. The portfolio has not yet recovered.

The current Vanguard Long-Term Bond ETF drawdown is 23.55%.


Related event

Drawdown

Fall

Recovery

Underwater

2023 bear market2023
-38.29%Oct 2023
3y 2mo
5y 10moAug 2020 - now
COVID crash2020
-20.04%Mar 2020
9d3mo 20d
3mo 29dMar 2020 - Jul 2020
2013 correction2013
-14.49%Aug 2013
3mo 20d11mo 4d
1y 2moMay 2013 - Jul 2014
Financial crisis2007–2009
-12.71%Nov 2008
1mo 18d1mo 8d
2mo 26dSep 2008 - Dec 2008
2015 correction2015
-12.37%Jun 2015
4mo 24d11mo 13d
1y 4moFeb 2015 - Jun 2016

Drawdown Indicators


BLVBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-38.29%

-56.78%

+18.49%

Max Drawdown (1Y)

Largest decline over 1 year

-5.73%

-9.10%

+3.37%

Max Drawdown (3Y)

Largest decline over 3 years

-15.16%

-18.90%

+3.74%

Max Drawdown (5Y)

Largest decline over 5 years

-36.27%

-25.43%

-10.84%

Max Drawdown (10Y)

Largest decline over 10 years

-38.29%

-33.92%

-4.37%

Current Drawdown

Current decline from peak

-23.55%

-1.29%

-22.26%

Average Drawdown

Average peak-to-trough decline

-9.54%

-10.72%

+1.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.33%

2.02%

+0.31%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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Add Vanguard Long-Term Bond ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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