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BIV vs. BND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


BIVBND
YTD Return0.64%0.34%
1Y Return4.27%3.63%
3Y Return (Ann)-3.05%-3.08%
5Y Return (Ann)0.31%-0.09%
10Y Return (Ann)1.83%1.38%
Sharpe Ratio0.620.54
Daily Std Dev6.66%6.47%
Max Drawdown-18.95%-18.84%
Current Drawdown-9.64%-10.29%

Correlation

-0.50.00.51.00.9

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.

Performance

BIV vs. BND - Performance Comparison

In the year-to-date period, BIV achieves a 0.64% return, which is significantly higher than BND's 0.34% return. Over the past 10 years, BIV has outperformed BND with an annualized return of 1.83%, while BND has yielded a comparatively lower 1.38% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


55.00%60.00%65.00%70.00%75.00%80.00%85.00%90.00%FebruaryMarchAprilMayJuneJuly
87.44%
63.31%
BIV
BND

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Vanguard Intermediate-Term Bond ETF

Vanguard Total Bond Market ETF

BIV vs. BND - Expense Ratio Comparison

BIV has a 0.04% expense ratio, which is higher than BND's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


BIV
Vanguard Intermediate-Term Bond ETF
Expense ratio chart for BIV: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%
Expense ratio chart for BND: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

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.


BIV
Sharpe ratio
The chart of Sharpe ratio for BIV, currently valued at 0.62, compared to the broader market0.002.004.006.000.62
Sortino ratio
The chart of Sortino ratio for BIV, currently valued at 0.95, compared to the broader market0.005.0010.000.95
Omega ratio
The chart of Omega ratio for BIV, currently valued at 1.11, compared to the broader market1.002.003.001.11
Calmar ratio
The chart of Calmar ratio for BIV, currently valued at 0.23, compared to the broader market0.005.0010.0015.0020.000.23
Martin ratio
The chart of Martin ratio for BIV, currently valued at 1.86, compared to the broader market0.0050.00100.00150.001.86
BND
Sharpe ratio
The chart of Sharpe ratio for BND, currently valued at 0.54, compared to the broader market0.002.004.006.000.54
Sortino ratio
The chart of Sortino ratio for BND, currently valued at 0.82, compared to the broader market0.005.0010.000.82
Omega ratio
The chart of Omega ratio for BND, currently valued at 1.09, compared to the broader market1.002.003.001.09
Calmar ratio
The chart of Calmar ratio for BND, currently valued at 0.20, compared to the broader market0.005.0010.0015.0020.000.20
Martin ratio
The chart of Martin ratio for BND, currently valued at 1.59, compared to the broader market0.0050.00100.00150.001.59

BIV vs. BND - Sharpe Ratio Comparison

The current BIV Sharpe Ratio is 0.62, which roughly equals the BND Sharpe Ratio of 0.54. The chart below compares the 12-month rolling Sharpe Ratio of BIV and BND.


Rolling 12-month Sharpe Ratio-0.40-0.200.000.200.400.600.80FebruaryMarchAprilMayJuneJuly
0.62
0.54
BIV
BND

Dividends

BIV vs. BND - Dividend Comparison

BIV's dividend yield for the trailing twelve months is around 3.50%, more than BND's 3.42% yield.


TTM20232022202120202019201820172016201520142013
BIV
Vanguard Intermediate-Term Bond ETF
3.50%3.09%2.41%3.42%2.95%2.75%2.88%2.69%2.38%3.02%3.96%4.22%
BND
Vanguard Total Bond Market ETF
3.42%3.09%2.60%1.97%2.22%2.72%2.81%2.54%2.51%2.57%2.79%2.78%

Drawdowns

BIV vs. BND - Drawdown Comparison

The maximum BIV drawdown since its inception was -18.95%, roughly equal to the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for BIV and BND. For additional features, visit the drawdowns tool.


-13.00%-12.00%-11.00%-10.00%-9.00%FebruaryMarchAprilMayJuneJuly
-9.64%
-10.29%
BIV
BND

Volatility

BIV vs. BND - Volatility Comparison

Vanguard Intermediate-Term Bond ETF (BIV) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.48% and 1.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


1.20%1.40%1.60%1.80%2.00%2.20%FebruaryMarchAprilMayJuneJuly
1.48%
1.51%
BIV
BND