^FVX vs. BND
^FVX (Treasury Yield 5 Years) is an index, while BND (Vanguard Total Bond Market ETF) is Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Over the past 10 years, ^FVX returned 13.09%/yr vs 1.56%/yr for BND. At a correlation of -0.78, they often move in opposite directions.
Performance
^FVX vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, ^FVX achieves a 13.22% return, which is significantly higher than BND's -0.05% return. Over the past 10 years, ^FVX has outperformed BND with an annualized return of 13.09%, while BND has yielded a comparatively lower 1.56% annualized return.
^FVX
- 1D
- 0.89%
- 1M
- 5.30%
- YTD
- 13.22%
- 6M
- 13.43%
- 1Y
- 5.64%
- 3Y*
- 3.13%
- 5Y*
- 39.98%
- 10Y*
- 13.09%
BND
- 1D
- -0.45%
- 1M
- -0.64%
- YTD
- -0.05%
- 6M
- 0.11%
- 1Y
- 4.33%
- 3Y*
- 3.80%
- 5Y*
- 0.02%
- 10Y*
- 1.56%
^FVX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^FVX Treasury Yield 5 Years | 13.22% | -15.02% | 14.06% | -4.00% | 216.71% | 249.86% | -78.68% | -32.55% | 13.78% | 14.06% |
BND Vanguard Total Bond Market ETF | -0.05% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between ^FVX and BND is -0.87, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2007 | -0.78 |
The correlation between ^FVX and BND shifts across timeframes, from -0.90 (3 years) to -0.78 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
^FVX vs. BND — Risk / Return Rank
^FVX
BND
^FVX vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Treasury Yield 5 Years (^FVX) and Vanguard Total Bond Market ETF (BND). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ^FVX | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.20 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 1.62 | -1.31 |
| Martin ratioReturn relative to average drawdown | 0.54 | 4.86 | -4.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ^FVX | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 1.16 | -0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 0.00 | +1.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.28 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.58 | -0.59 |
Drawdowns
^FVX vs. BND - Drawdown Comparison
The maximum ^FVX drawdown since its inception was -97.53%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for ^FVX and BND.
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Drawdown Indicators
| ^FVX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.53% | -18.58% | -78.95% |
Max Drawdown (1Y)Largest decline over 1 year | -14.88% | -2.68% | -12.20% |
Max Drawdown (3Y)Largest decline over 3 years | -31.36% | -5.92% | -25.44% |
Max Drawdown (5Y)Largest decline over 5 years | -31.36% | -17.91% | -13.45% |
Max Drawdown (10Y)Largest decline over 10 years | -93.69% | -18.58% | -75.11% |
Current DrawdownCurrent decline from peak | -46.63% | -2.67% | -43.96% |
Average DrawdownAverage peak-to-trough decline | -56.53% | -3.06% | -53.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.52% | 0.89% | +7.63% |
Volatility
^FVX vs. BND - Volatility Comparison
Treasury Yield 5 Years (^FVX) has a higher volatility of 5.81% compared to Vanguard Total Bond Market ETF (BND) at 1.23%. This indicates that ^FVX's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^FVX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 1.23% | +4.58% |
Volatility (6M)Calculated over the trailing 6-month period | 13.10% | 2.70% | +10.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.75% | 3.76% | +14.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.66% | 6.02% | +32.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.60% | 5.53% | +53.07% |
Frequently Asked Questions
^FVX and BND have a correlation of -0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^FVX has higher volatility (5.81%) compared to BND (1.23%). In terms of maximum drawdown, ^FVX dropped -97.53% vs BND's -18.58%.
BND currently has the higher Sharpe Ratio (1.16 vs 0.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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