BILDX vs. BND

Last updated Jun 23, 2026

BILDX (DoubleLine Infrastructure Income Fund) and BND (Vanguard Total Bond Market ETF) are both funds - BILDX is a Intermediate Core-Plus Bond fund managed by DoubleLine, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Over the past 5 years, BILDX returned 1.75%/yr vs 0.04%/yr for BND. Their correlation of 0.88 suggests significant overlap in exposure. BILDX charges 0.57%/yr vs 0.03%/yr for BND.

Performance

BILDX vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Infrastructure Income Fund (BILDX) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BILDX achieves a 1.07% return, which is significantly higher than BND's 0.38% return.

BILDX

• 1D: 0.32%
• 1M: 0.73%
• YTD: 1.07%
• 6M: 1.22%
• 1Y: 5.34%
• 3Y*: 6.13%
• 5Y*: 1.75%
• 10Y*: —

BND

• 1D: -0.27%
• 1M: 0.53%
• YTD: 0.38%
• 6M: 0.45%
• 1Y: 4.37%
• 3Y*: 3.92%
• 5Y*: 0.04%
• 10Y*: 1.55%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BILDX vs. BND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BILDX DoubleLine Infrastructure Income Fund	1.07%	7.59%	4.41%	8.89%	-11.54%	0.14%	5.48%	8.30%	0.39%	5.66%
BND Vanguard Total Bond Market ETF	0.38%	7.08%	1.38%	5.65%	-13.11%	-1.86%	7.71%	8.84%	-0.12%	3.57%

Correlation

The correlation between BILDX and BND is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.88

The correlation between BILDX and BND has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.

Return for Risk

BILDX vs. BND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BILDX

BILDX Risk / Return Rank: 43
BILDX Sharpe Ratio Rank: 42
BILDX Sortino Ratio Rank: 49
BILDX Omega Ratio Rank: 42
BILDX Calmar Ratio Rank: 44
BILDX Martin Ratio Rank: 37

BND

BND Risk / Return Rank: 33
BND Sharpe Ratio Rank: 33
BND Sortino Ratio Rank: 34
BND Omega Ratio Rank: 31
BND Calmar Ratio Rank: 33
BND Martin Ratio Rank: 33

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.

BILDX vs. BND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Infrastructure Income Fund (BILDX) 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.

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.

	BILDX	BND	Difference
Sharpe ratio: Return per unit of total volatility	1.75	1.18	+0.58
Sortino ratio: Return per unit of downside risk	2.69	1.76	+0.94
Omega ratio: Gain probability vs. loss probability	1.32	1.21	+0.12
Calmar ratio: Return relative to maximum drawdown	2.42	1.64	+0.78
Martin ratio: Return relative to average drawdown	7.65	4.69	+2.96

BILDX vs. BND - Sharpe Ratio Comparison

The current BILDX Sharpe Ratio is 1.75, which is higher than the BND Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of BILDX and BND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BILDX vs. BND - Drawdown Comparison

The maximum BILDX drawdown since its inception was -15.68%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for BILDX and BND.

Drawdown Indicators

	BILDX	BND	Difference
Max Drawdown Largest peak-to-trough decline	-15.68%	-18.58%	+2.90%
Max Drawdown (1Y) Largest decline over 1 year	-2.21%	-2.68%	+0.47%
Max Drawdown (3Y) Largest decline over 3 years	-3.31%	-5.92%	+2.61%
Max Drawdown (5Y) Largest decline over 5 years	-15.68%	-17.91%	+2.23%
Max Drawdown (10Y) Largest decline over 10 years	—	-18.58%	—
Current Drawdown Current decline from peak	-0.46%	-2.26%	+1.80%
Average Drawdown Average peak-to-trough decline	-2.98%	-3.06%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.70%	0.93%	-0.23%

Volatility

BILDX vs. BND - Volatility Comparison

The current volatility for DoubleLine Infrastructure Income Fund (BILDX) is 0.95%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.08%. This indicates that BILDX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BILDX	BND	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.95%	1.08%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	2.26%	2.77%	-0.51%
Volatility (1Y) Calculated over the trailing 1-year period	3.06%	3.74%	-0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.42%	6.03%	-1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.09%	5.54%	-1.45%

BILDX vs. BND - Expense Ratio Comparison

BILDX has a 0.57% expense ratio, which is higher than BND's 0.03% expense ratio.

Dividends

BILDX vs. BND - Dividend Comparison

BILDX's dividend yield for the trailing twelve months is around 4.93%, more than BND's 3.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BILDX DoubleLine Infrastructure Income Fund	4.93%	4.64%	4.11%	3.42%	3.31%	3.45%	2.89%	3.40%	3.18%	3.22%	0.00%	0.00%
BND Vanguard Total Bond Market ETF	3.96%	3.86%	3.67%	3.09%	2.60%	2.12%	2.38%	2.72%	2.81%	2.54%	2.51%	2.57%

Frequently Asked Questions

Can I hold both BILDX and BND in my portfolio?

With a correlation of 0.93, BILDX and BND move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BILDX or BND?

BND has higher volatility (1.08%) compared to BILDX (0.95%). In terms of maximum drawdown, BILDX dropped -15.68% vs BND's -18.58%.

Which has better risk-adjusted returns?

BILDX currently has the higher Sharpe Ratio (1.75 vs 1.18), 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.