BLV vs. BLTD

Last updated Aug 4, 2026

BLV (Vanguard Long-Term Bond ETF) and BLTD (Bluemonte Long Term Bond ETF) are both Long-Term Bond funds. BLV is passively managed, while BLTD is actively managed. Over the past year, BLV returned -0.29% vs 0.11% for BLTD. Their 0.99 correlation means they have historically moved very closely together. BLV charges 0.03%/yr vs 0.23%/yr for BLTD.

Performance

BLV vs. BLTD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Long-Term Bond ETF (BLV) and Bluemonte Long Term Bond ETF (BLTD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLV achieves a -2.38% return, which is significantly lower than BLTD's -1.95% return.

BLV

• 1D: 0.44%
• 1M: -3.14%
• 6M: -2.34%
• YTD: -2.38%
• 1Y: -0.29%
• 3Y*: 2.08%
• 5Y*: -5.11%
• 10Y*: 0.32%
• ALL TIME*: 4.05%

BLTD

• 1D: 0.35%
• 1M: -2.70%
• 6M: -1.94%
• YTD: -1.95%
• 1Y: 0.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BLTD Bluemonte Long Term Bond ETF	$317.91K	$316.46K	$451.36K
BLV Vanguard Long-Term Bond ETF	$51.99M	$52.76M	$45.16M

BLV vs. BLTD - Yearly Performance Comparison

	2026 (YTD)	2025
BLV Vanguard Long-Term Bond ETF	-2.38%	4.63%
BLTD Bluemonte Long Term Bond ETF	-1.95%	3.76%

Correlation

The correlation between BLV and BLTD is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.99
Correlation (All Time) Calculated using the full available price history since Jun 23, 2025	0.99

The correlation between BLV and BLTD has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

BLV vs. BLTD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BLV

BLV Risk / Return Rank: 10
BLV Sharpe Ratio Rank: 11
BLV Sortino Ratio Rank: 10
BLV Omega Ratio Rank: 9
BLV Calmar Ratio Rank: 10
BLV Martin Ratio Rank: 10

BLTD

BLTD Risk / Return Rank: 10
BLTD Sharpe Ratio Rank: 11
BLTD Sortino Ratio Rank: 10
BLTD Omega Ratio Rank: 10
BLTD Calmar Ratio Rank: 11
BLTD Martin Ratio Rank: 11

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BLV vs. BLTD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Bond ETF (BLV) and Bluemonte Long Term Bond ETF (BLTD). 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.

	BLV	BLTD	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	0.02	-0.06
Sortino ratio: Return per unit of downside risk	0.00	0.07	-0.07
Omega ratio: Gain probability vs. loss probability	1.00	1.01	-0.01
Calmar ratio: Return relative to maximum drawdown	-0.05	0.02	-0.07
Martin ratio: Return relative to average drawdown	-0.11	0.05	-0.16

BLV vs. BLTD - Sharpe Ratio Comparison

The current BLV Sharpe Ratio is -0.04, which is lower than the BLTD Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of BLV and BLTD, 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

BLV vs. BLTD - Drawdown Comparison

The maximum BLV drawdown since its inception was -38.29%, which is greater than BLTD's maximum drawdown of -4.97%. Use the drawdown chart below to compare losses from any high point for BLV and BLTD.

Drawdown Indicators

	BLV	BLTD	Difference
Max Drawdown Largest peak-to-trough decline	-38.29%	-4.97%	-33.32%
Max Drawdown (1Y) Largest decline over 1 year	-5.92%	-4.97%	-0.95%
Max Drawdown (3Y) Largest decline over 3 years	-11.70%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.27%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.29%	—	—
Current Drawdown Current decline from peak	-26.16%	-4.63%	-21.53%
Average Drawdown Average peak-to-trough decline	-9.64%	-1.76%	-7.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	2.21%	+0.45%

Volatility

BLV vs. BLTD - Volatility Comparison

Vanguard Long-Term Bond ETF (BLV) has a higher volatility of 2.19% compared to Bluemonte Long Term Bond ETF (BLTD) at 1.79%. This indicates that BLV's price experiences larger fluctuations and is considered to be riskier than BLTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLV	BLTD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.19%	1.79%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	5.97%	5.22%	+0.75%
Volatility (1Y) Calculated over the trailing 1-year period	7.77%	6.67%	+1.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.91%	6.81%	+6.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.95%	6.81%	+5.14%

BLV vs. BLTD - Expense Ratio Comparison

BLV has a 0.03% expense ratio, which is lower than BLTD's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BLV vs. BLTD - Dividend Comparison

BLV's dividend yield for the trailing twelve months is around 4.97%, more than BLTD's 4.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BLTD Bluemonte Long Term Bond ETF	4.50%	2.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BLV Vanguard Long-Term Bond ETF	4.97%	4.67%	5.09%	4.06%	4.17%	3.37%	6.12%	3.57%	4.07%	3.63%	4.16%	4.37%

Frequently Asked Questions

Can I hold both BLV and BLTD in my portfolio?

With a correlation of 0.99, BLV and BLTD 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, BLV or BLTD?

BLV has higher volatility (2.19%) compared to BLTD (1.79%). In terms of maximum drawdown, BLV dropped -38.29% vs BLTD's -4.97%.

Which ETF is better, BLV or BLTD?

On 1-year performance, BLTD leads with 0.11% vs -0.29% for BLV. On fees, BLV is cheaper at 0.03% per year. On volatility, BLTD has been the lower-risk option at 1.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BLV or BLTD?

Over the 1-year period, BLTD has performed better with a 0.11% return vs -0.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BLV or BLTD?

BLV is cheaper with a 0.03% expense ratio, compared with 0.23% for BLTD.

Which ETF pays a higher dividend yield, BLV or BLTD?

BLV has the higher dividend yield at 4.97%, compared with 4.50% for BLTD.

What is the main difference between BLV and BLTD?

They also come from different issuers: Vanguard and Bluemonte. Their fees differ too: 0.03% for BLV and 0.23% for BLTD.

Which has better risk-adjusted returns?

BLTD currently has the higher Sharpe Ratio (0.02 vs -0.04), 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.