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 1.56%/yr vs 59.37%/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 -0.05% return, which is significantly higher than BTC-USD's -29.97% return. Over the past 10 years, BND has underperformed BTC-USD with an annualized return of 1.56%, while BTC-USD has yielded a comparatively higher 59.37% annualized return.
BND
- 1D
- -0.45%
- 1M
- -0.64%
- YTD
- -0.05%
- 6M
- 0.11%
- 1Y
- 4.33%
- 3Y*
- 3.80%
- 5Y*
- 0.02%
- 10Y*
- 1.56%
BTC-USD
- 1D
- -3.97%
- 1M
- -24.76%
- YTD
- -29.97%
- 6M
- -31.42%
- 1Y
- -39.67%
- 3Y*
- 31.02%
- 5Y*
- 11.35%
- 10Y*
- 59.37%
BND vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | -0.05% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
BTC-USD Bitcoin | -29.97% | -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 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
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 Sep 21, 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.
| BND | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.08 | ||
| Sortino ratioReturn per unit of downside risk | +3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.87 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | -0.78 | +2.40 |
| Martin ratioReturn relative to average drawdown | 4.86 | -1.39 | +6.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BND | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | -0.93 | +2.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.21 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.87 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 1.13 | -0.54 |
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% | -50.87% | +48.19% |
Max Drawdown (3Y)Largest decline over 3 years | -5.92% | -50.87% | +44.95% |
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 | -2.67% | -50.87% | +48.20% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -42.29% | +39.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 34.02% | -33.13% |
Volatility
BND vs. BTC-USD - Volatility Comparison
The current volatility for Vanguard Total Bond Market ETF (BND) is 1.23%, while Bitcoin (BTC-USD) has a volatility of 10.54%. 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 | 1.23% | 10.54% | -9.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 34.26% | -31.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 35.65% | -31.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.02% | 44.98% | -38.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.53% | 56.70% | -51.17% |
Frequently Asked Questions
BND and BTC-USD have a correlation of 0.10, 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 (10.54%) compared to BND (1.23%). In terms of maximum drawdown, BND dropped -18.58% vs BTC-USD's -85.30%.
BND currently has the higher Sharpe Ratio (1.16 vs -0.93), 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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