BIV vs. BLV
Compare and contrast key facts about Vanguard Intermediate-Term Bond ETF (BIV) and Vanguard Long-Term Bond ETF (BLV).
BIV and BLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BIV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5. It was launched on Apr 3, 2007. BLV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. Long Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007. Both BIV and BLV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIV or BLV.
Key characteristics
| BIV | BLV | |
|---|---|---|
| YTD Return | 1.64% | -2.39% |
| 1Y Return | 6.59% | 7.71% |
| 3Y Return (Ann) | -1.97% | -8.06% |
| 5Y Return (Ann) | 0.08% | -2.84% |
| 10Y Return (Ann) | 1.83% | 1.50% |
| Sharpe Ratio | 1.24 | 0.75 |
| Sortino Ratio | 1.83 | 1.12 |
| Omega Ratio | 1.22 | 1.13 |
| Calmar Ratio | 0.51 | 0.27 |
| Martin Ratio | 4.04 | 2.00 |
| Ulcer Index | 1.80% | 4.44% |
| Daily Std Dev | 5.88% | 11.87% |
| Max Drawdown | -18.94% | -38.29% |
| Current Drawdown | -8.73% | -27.99% |
Correlation
The correlation between BIV and BLV is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BIV vs. BLV - Performance Comparison
In the year-to-date period, BIV achieves a 1.64% return, which is significantly higher than BLV's -2.39% return. Over the past 10 years, BIV has outperformed BLV with an annualized return of 1.83%, while BLV has yielded a comparatively lower 1.50% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BIV vs. BLV - Expense Ratio Comparison
Both BIV and BLV have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
BIV vs. BLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Bond ETF (BIV) and Vanguard Long-Term Bond ETF (BLV). 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.
Dividends
BIV vs. BLV - Dividend Comparison
BIV's dividend yield for the trailing twelve months is around 3.69%, less than BLV's 4.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond ETF | 3.69% | 3.10% | 2.41% | 3.42% | 2.96% | 2.75% | 2.87% | 2.69% | 2.38% | 3.02% | 3.96% | 4.21% |
BLV Vanguard Long-Term Bond ETF | 4.54% | 4.06% | 4.17% | 3.37% | 5.84% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% | 3.90% | 4.85% |
Drawdowns
BIV vs. BLV - Drawdown Comparison
The maximum BIV drawdown since its inception was -18.94%, smaller than the maximum BLV drawdown of -38.29%. Use the drawdown chart below to compare losses from any high point for BIV and BLV. For additional features, visit the drawdowns tool.
Volatility
BIV vs. BLV - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Bond ETF (BIV) is 1.63%, while Vanguard Long-Term Bond ETF (BLV) has a volatility of 3.94%. This indicates that BIV experiences smaller price fluctuations and is considered to be less risky than BLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.