BND vs. BND.TO
BND (Vanguard Total Bond Market ETF) and BND.TO (Purpose Global Bond Fund) are both exchange-traded funds - BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index, while BND.TO is a Global Bonds fund. BND is passively managed, while BND.TO is actively managed. Over the past 10 years, BND returned 1.57%/yr vs 2.25%/yr for BND.TO. At a 0.10 correlation, their price movements are largely independent.
Performance
BND vs. BND.TO - Performance Comparison
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Different Trading Currencies
BND is traded in USD, while BND.TO is traded in CAD. To make them comparable, the BND.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BND achieves a 0.60% return, which is significantly higher than BND.TO's -0.41% return. Over the past 10 years, BND has underperformed BND.TO with an annualized return of 1.57%, while BND.TO has yielded a comparatively higher 2.25% annualized return.
BND
- 1D
- 0.08%
- 1M
- 1.11%
- YTD
- 0.60%
- 6M
- 0.87%
- 1Y
- 4.86%
- 3Y*
- 4.03%
- 5Y*
- 0.16%
- 10Y*
- 1.57%
BND.TO
- 1D
- 0.63%
- 1M
- -0.23%
- YTD
- -0.41%
- 6M
- 0.22%
- 1Y
- 3.40%
- 3Y*
- 5.46%
- 5Y*
- 0.48%
- 10Y*
- 2.25%
BND vs. BND.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 0.60% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
BND.TO Purpose Global Bond Fund | -0.41% | 12.39% | -0.90% | 11.10% | -13.29% | 2.67% | 8.72% | 8.63% | -8.59% | 9.11% |
Correlation
The correlation between BND and BND.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2015 | 0.10 |
The correlation between BND and BND.TO shifts across timeframes, from 0.10 (all time) to 0.23 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BND vs. BND.TO — Risk / Return Rank
BND
BND.TO
BND vs. BND.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market ETF (BND) and Purpose Global Bond Fund (BND.TO). 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.
| BND | BND.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.11 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 0.69 | +1.14 |
| Martin ratioReturn relative to average drawdown | 5.29 | 2.06 | +3.23 |
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Drawdowns
BND vs. BND.TO - Drawdown Comparison
The maximum BND drawdown since its inception was -18.58%, smaller than the maximum BND.TO drawdown of -26.06%. Use the drawdown chart below to compare losses from any high point for BND and BND.TO.
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Drawdown Indicators
| BND | BND.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.58% | -26.06% | +7.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -4.98% | +2.30% |
Max Drawdown (3Y)Largest decline over 3 years | -5.92% | -8.35% | +2.43% |
Max Drawdown (5Y)Largest decline over 5 years | -17.91% | -21.19% | +3.28% |
Max Drawdown (10Y)Largest decline over 10 years | -18.58% | -26.06% | +7.48% |
Current DrawdownCurrent decline from peak | -2.04% | -2.19% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -6.47% | +3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 1.65% | -0.73% |
Volatility
BND vs. BND.TO - Volatility Comparison
The current volatility for Vanguard Total Bond Market ETF (BND) is 1.28%, while Purpose Global Bond Fund (BND.TO) has a volatility of 1.76%. This indicates that BND experiences smaller price fluctuations and is considered to be less risky than BND.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BND | BND.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 1.76% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 4.21% | -1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 5.46% | -1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.03% | 8.32% | -2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.53% | 8.65% | -3.12% |
Dividends
BND vs. BND.TO - Dividend Comparison
BND's dividend yield for the trailing twelve months is around 3.95%, less than BND.TO's 5.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.95% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
BND.TO Purpose Global Bond Fund | 5.82% | 5.70% | 5.24% | 5.20% | 4.14% | 3.67% | 3.48% | 3.11% | 3.96% | 3.47% | 3.26% | 0.53% |
Frequently Asked Questions
BND and BND.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BND is categorized as Total Bond Market, while BND.TO is Global Bonds.
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