BIV vs. BND
Compare and contrast key facts about Vanguard Intermediate-Term Bond ETF (BIV) and Vanguard Total Bond Market ETF (BND).
BIV and BND 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. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007. Both BIV and BND 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 BND.
Key characteristics
| BIV | BND | |
|---|---|---|
| YTD Return | 2.91% | 2.35% |
| 1Y Return | -1.41% | -2.11% |
| 5Y Return (Ann) | 1.56% | 0.76% |
| 10Y Return (Ann) | 1.75% | 1.32% |
| Sharpe Ratio | -0.13 | -0.25 |
| Daily Std Dev | 8.90% | 8.18% |
| Max Drawdown | -18.95% | -18.84% |
Correlation
The correlation between BIV and BND is 0.90, 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.
BIV vs. BND - Performance Comparison
In the year-to-date period, BIV achieves a 2.91% return, which is significantly higher than BND's 2.35% return. Over the past 10 years, BIV has outperformed BND with an annualized return of 1.75%, while BND has yielded a comparatively lower 1.32% 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. BND - Dividend Comparison
BIV's dividend yield for the trailing twelve months is around 3.56%, less than BND's 3.79% yield.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond ETF | 3.56% | 2.44% | 3.54% | 3.16% | 3.03% | 3.26% | 3.14% | 2.86% | 3.71% | 5.01% | 5.54% | 6.88% |
BND Vanguard Total Bond Market ETF | 3.79% | 2.63% | 2.04% | 2.34% | 2.94% | 3.13% | 2.91% | 2.95% | 3.10% | 3.44% | 3.53% | 4.22% |
BIV vs. BND - Expense Ratio Comparison
BIV vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Bond ETF (BIV) 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond ETF | -0.13 | ||||
BND Vanguard Total Bond Market ETF | -0.25 |
BIV vs. BND - Drawdown Comparison
The maximum BIV drawdown for the period was -15.83%, roughly equal to the maximum BND drawdown of -15.58%. The drawdown chart below compares losses from any high point along the way for BIV and BND
BIV vs. BND - Volatility Comparison
Vanguard Intermediate-Term Bond ETF (BIV) has a higher volatility of 1.82% compared to Vanguard Total Bond Market ETF (BND) at 1.68%. This indicates that BIV'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.