BLV vs. BIV
Compare and contrast key facts about Vanguard Long-Term Bond ETF (BLV) and Vanguard Intermediate-Term Bond ETF (BIV).
BLV and BIV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both BLV and BIV 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: BLV or BIV.
Performance
BLV vs. BIV - Performance Comparison
Returns By Period
In the year-to-date period, BLV achieves a -2.14% return, which is significantly lower than BIV's 1.83% return. Over the past 10 years, BLV has underperformed BIV with an annualized return of 1.49%, while BIV has yielded a comparatively higher 1.83% annualized return.
BLV
-2.14%
-1.26%
1.97%
6.79%
-3.01%
1.49%
BIV
1.83%
-1.06%
3.17%
6.43%
0.06%
1.83%
Key characteristics
| BLV | BIV | |
|---|---|---|
| Sharpe Ratio | 0.58 | 1.11 |
| Sortino Ratio | 0.88 | 1.64 |
| Omega Ratio | 1.10 | 1.19 |
| Calmar Ratio | 0.21 | 0.45 |
| Martin Ratio | 1.51 | 3.52 |
| Ulcer Index | 4.51% | 1.85% |
| Daily Std Dev | 11.82% | 5.85% |
| Max Drawdown | -38.29% | -18.94% |
| Current Drawdown | -27.80% | -8.56% |
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BLV vs. BIV - Expense Ratio Comparison
Both BLV and BIV 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%.
Correlation
The correlation between BLV and BIV 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.
Risk-Adjusted Performance
BLV vs. BIV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Bond ETF (BLV) and Vanguard Intermediate-Term Bond ETF (BIV). 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
BLV vs. BIV - Dividend Comparison
BLV's dividend yield for the trailing twelve months is around 4.53%, more than BIV's 3.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLV Vanguard Long-Term Bond ETF | 4.53% | 4.06% | 4.17% | 3.37% | 5.84% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% | 3.90% | 4.85% |
BIV Vanguard Intermediate-Term Bond ETF | 3.68% | 3.10% | 2.41% | 3.42% | 2.96% | 2.75% | 2.87% | 2.69% | 2.38% | 3.02% | 3.96% | 4.21% |
Drawdowns
BLV vs. BIV - Drawdown Comparison
The maximum BLV drawdown since its inception was -38.29%, which is greater than BIV's maximum drawdown of -18.94%. Use the drawdown chart below to compare losses from any high point for BLV and BIV. For additional features, visit the drawdowns tool.
Volatility
BLV vs. BIV - Volatility Comparison
Vanguard Long-Term Bond ETF (BLV) has a higher volatility of 3.71% compared to Vanguard Intermediate-Term Bond ETF (BIV) at 1.56%. This indicates that BLV's price experiences larger fluctuations and is considered to be riskier than BIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.