BND vs. BTC-USD
BND (Vanguard Total Bond Market ETF) is Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, BND returned 1.52%/yr vs 56.50%/yr for BTC-USD. At a 0.03 correlation, their price movements are largely independent.
Performance
BND vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BND achieves a 1.16% return, which is significantly higher than BTC-USD's -31.69% return. Over the past 10 years, BND has underperformed BTC-USD with an annualized return of 1.52%, while BTC-USD has yielded a comparatively higher 56.50% annualized return.
BND
- 1D
- 0.05%
- 1M
- 0.68%
- YTD
- 1.16%
- 6M
- 0.85%
- 1Y
- 4.52%
- 3Y*
- 4.25%
- 5Y*
- 0.15%
- 10Y*
- 1.52%
BTC-USD
- 1D
- 0.49%
- 1M
- -18.98%
- YTD
- -31.69%
- 6M
- -31.39%
- 1Y
- -44.86%
- 3Y*
- 25.18%
- 5Y*
- 11.26%
- 10Y*
- 56.50%
BND vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 1.16% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
BTC-USD Bitcoin | -31.69% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between BND and BTC-USD is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2012 | 0.03 |
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Return for Risk
BND vs. BTC-USD — Risk / Return Rank
BND
BTC-USD
BND vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market ETF (BND) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.27 | ||
| Sortino ratioReturn per unit of downside risk | +3.39 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.84 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | -0.86 | +2.55 |
| Martin ratioReturn relative to average drawdown | 4.81 | -1.44 | +6.25 |
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Drawdowns
BND vs. BTC-USD - Drawdown Comparison
The maximum BND drawdown since its inception was -18.58%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for BND and BTC-USD.
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Drawdown Indicators
| BND | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.58% | -85.30% | +66.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -52.31% | +49.63% |
Max Drawdown (3Y)Largest decline over 3 years | -5.92% | -52.31% | +46.39% |
Max Drawdown (5Y)Largest decline over 5 years | -17.91% | -76.67% | +58.76% |
Max Drawdown (10Y)Largest decline over 10 years | -18.58% | -83.80% | +65.22% |
Current DrawdownCurrent decline from peak | -1.50% | -52.08% | +50.58% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -42.45% | +39.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 32.14% | -31.20% |
Volatility
BND vs. BTC-USD - Volatility Comparison
The current volatility for Vanguard Total Bond Market ETF (BND) is 1.12%, while Bitcoin (BTC-USD) has a volatility of 12.40%. This indicates that BND experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BND | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 12.40% | -11.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 34.74% | -31.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 35.61% | -31.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.03% | 44.03% | -38.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.53% | 56.38% | -50.85% |
Frequently Asked Questions
BND and BTC-USD have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (12.40%) compared to BND (1.12%). In terms of maximum drawdown, BND dropped -18.58% vs BTC-USD's -85.30%.
BND currently has the higher Sharpe Ratio (1.22 vs -1.05), 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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