BND vs. BNDP

Last updated Apr 11, 2026

BND (Vanguard Total Bond Market ETF) and BNDP (Vanguard Core-Plus Bond Index ETF) are both exchange-traded funds — BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index, while BNDP is a Intermediate Core-Plus Bond fund tracking the Bloomberg U.S. Universal Float Adjusted Index. Both are passively managed. With a 0.98 correlation, they move nearly in lockstep. BND charges 0.03%/yr vs 0.05%/yr for BNDP.

Performance

BND vs. BNDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total Bond Market ETF (BND) and Vanguard Core-Plus Bond Index ETF (BNDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BND achieves a 0.39% return, which is significantly higher than BNDP's 0.24% return.

BND

• 1D: -0.15%
• 1M: 0.00%
• YTD: 0.39%
• 6M: 0.77%
• 1Y: 6.21%
• 3Y*: 3.55%
• 5Y*: 0.28%
• 10Y*: 1.69%

BNDP

• 1D: -0.14%
• 1M: -0.05%
• YTD: 0.24%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BND vs. BNDP - Yearly Performance Comparison

	2026 (YTD)	2025
BND Vanguard Total Bond Market ETF	0.39%	0.04%
BNDP Vanguard Core-Plus Bond Index ETF	0.24%	0.10%

Correlation

The correlation between BND and BNDP is 0.98 — these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 5, 2025	0.98

Return for Risk

BND vs. BNDP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BND

BND Risk / Return Rank: 34
BND Sharpe Ratio Rank: 35
BND Sortino Ratio Rank: 38
BND Omega Ratio Rank: 33
BND Calmar Ratio Rank: 33
BND Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BND vs. BNDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market ETF (BND) and Vanguard Core-Plus Bond Index ETF (BNDP). 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.

	BND	BNDP	Difference
Sharpe ratio Return per unit of total volatility	1.58	—	—
Sortino ratio Return per unit of downside risk	2.36	—	—
Omega ratio Gain probability vs. loss probability	1.28	—	—
Calmar ratio Return relative to maximum drawdown	2.29	—	—
Martin ratio Return relative to average drawdown	7.38	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BND	BNDP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.58	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.28	+0.31

Drawdowns

BND vs. BNDP - Drawdown Comparison

The maximum BND drawdown since its inception was -18.58%, which is greater than BNDP's maximum drawdown of -2.56%. Use the drawdown chart below to compare losses from any high point for BND and BNDP.

Drawdown Indicators

	BND	BNDP	Difference
Max Drawdown Largest peak-to-trough decline	-18.58%	-2.56%	-16.02%
Max Drawdown (1Y) Largest decline over 1 year	-2.44%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.91%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-18.58%	—	—
Current Drawdown Current decline from peak	-2.24%	-1.40%	-0.84%
Average Drawdown Average peak-to-trough decline	-3.07%	-0.61%	-2.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.76%	—	—

Volatility

Volatility by Period

	BND	BNDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.05%	3.57%	+0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.00%	3.57%	+2.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.52%	3.57%	+1.95%

BND vs. BNDP - Expense Ratio Comparison

BND has a 0.03% expense ratio, which is lower than BNDP's 0.05% 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

BND vs. BNDP - Dividend Comparison

BND's dividend yield for the trailing twelve months is around 3.92%, more than BNDP's 1.32% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BND Vanguard Total Bond Market ETF	3.92%	3.86%	3.67%	3.09%	2.60%	2.12%	2.38%	2.72%	2.81%	2.54%	2.51%	2.57%
BNDP Vanguard Core-Plus Bond Index ETF	1.32%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%