BLV vs. VTV
BLV (Vanguard Long-Term Bond ETF) and VTV (Vanguard Value ETF) are both exchange-traded funds - BLV is a Long-Term Bond fund tracking the Bloomberg U.S. Long Government/Credit Float Adjusted Index, while VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Both are passively managed. Over the past 10 years, BLV returned 0.32%/yr vs 12.46%/yr for VTV. Their -0.18 correlation means they have often moved in opposite directions in the past. BLV charges 0.03%/yr vs 0.04%/yr for VTV.
Performance
BLV vs. VTV - Performance Comparison
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Returns By Period
In the year-to-date period, BLV achieves a -2.38% return, which is significantly lower than VTV's 16.93% return. Over the past 10 years, BLV has underperformed VTV with an annualized return of 0.32%, while VTV has yielded a comparatively higher 12.46% annualized 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%
VTV
- 1D
- 0.48%
- 1M
- 0.83%
- 6M
- 10.86%
- YTD
- 16.93%
- 1Y
- 28.55%
- 3Y*
- 17.83%
- 5Y*
- 12.43%
- 10Y*
- 12.46%
- ALL TIME*
- 9.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $51.99M | $52.76M | $45.16M | |
| $655.54M | $670.79M | $624.45M |
BLV vs. VTV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BLV Vanguard Long-Term Bond ETF | -2.38% | 6.44% | -3.65% | 7.35% | -26.95% | -2.89% | 16.13% | 18.99% | -4.17% | 10.74% |
VTV Vanguard Value ETF | 16.93% | 15.27% | 15.95% | 9.32% | -2.09% | 26.53% | 2.33% | 25.66% | -5.47% | 17.15% |
Correlation
The correlation between BLV and VTV is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.00 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007 | -0.18 |
The correlation between BLV and VTV shifts across timeframes, from -0.18 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BLV vs. VTV — Risk / Return Rank
BLV
VTV
BLV vs. VTV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Bond ETF (BLV) and Vanguard Value ETF (VTV). 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 | VTV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.83 | ||
| Sortino ratioReturn per unit of downside risk | -3.98 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.51 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 4.52 | -4.57 |
| Martin ratioReturn relative to average drawdown | -0.11 | 17.46 | -17.57 |
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Drawdowns
BLV vs. VTV - Drawdown Comparison
The maximum BLV drawdown since its inception was -38.29%, smaller than the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for BLV and VTV.
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Drawdown Indicators
| BLV | VTV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.29% | -59.27% | +20.98% |
Max Drawdown (1Y)Largest decline over 1 year | -5.92% | -6.35% | +0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -11.70% | -14.52% | +2.82% |
Max Drawdown (5Y)Largest decline over 5 years | -36.27% | -17.04% | -19.23% |
Max Drawdown (10Y)Largest decline over 10 years | -38.29% | -36.78% | -1.51% |
Current DrawdownCurrent decline from peak | -26.16% | -0.89% | -25.27% |
Average DrawdownAverage peak-to-trough decline | -9.64% | -7.82% | -1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 1.64% | +1.02% |
Volatility
BLV vs. VTV - Volatility Comparison
The current volatility for Vanguard Long-Term Bond ETF (BLV) is 2.19%, while Vanguard Value ETF (VTV) has a volatility of 2.54%. This indicates that BLV experiences smaller price fluctuations and is considered to be less risky than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLV | VTV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 2.54% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 5.97% | 7.73% | -1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.77% | 10.29% | -2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.91% | 13.82% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.95% | 16.62% | -4.67% |
BLV vs. VTV - Expense Ratio Comparison
BLV has a 0.03% expense ratio, which is lower than VTV's 0.04% 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. VTV - Dividend Comparison
BLV's dividend yield for the trailing twelve months is around 4.97%, more than VTV's 1.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VTV Vanguard Value ETF | 1.85% | 2.05% | 2.31% | 2.46% | 2.52% | 2.15% | 2.56% | 2.50% | 2.73% | 2.29% | 2.44% | 2.60% |
Frequently Asked Questions
BLV and VTV have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTV has higher volatility (2.54%) compared to BLV (2.19%). In terms of maximum drawdown, BLV dropped -38.29% vs VTV's -59.27%.
On 10-year performance, VTV leads with 12.46% vs 0.32% for BLV. On fees, BLV is cheaper at 0.03% per year. On volatility, BLV has been the lower-risk option at 2.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VTV has performed better with a 12.46% return vs 0.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BLV is cheaper with a 0.03% expense ratio, compared with 0.04% for VTV.
BLV has the higher dividend yield at 4.97%, compared with 1.85% for VTV.
BLV is categorized as Long-Term Bond, while VTV is Large Cap Value Equities. BLV tracks Bloomberg U.S. Long Government/Credit Float Adjusted Index, while VTV tracks CRSP US Large Cap Value Index. Their fees differ too: 0.03% for BLV and 0.04% for VTV.
VTV currently has the higher Sharpe Ratio (2.79 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.
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