BND vs. CPAG
BND (Vanguard Total Bond Market ETF) and CPAG (F/m Compoundr U.S. Aggregate Bond ETF) are both Total Bond Market funds - BND tracks the Bloomberg U.S. Aggregate Float Adjusted Index while CPAG tracks the Nasdaq Compoundr U.S. Aggregate Bond Index. Both are passively managed. With a 0.99 correlation, they move nearly in lockstep. BND charges 0.03%/yr vs 0.31%/yr for CPAG.
Performance
BND vs. CPAG - 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 CPAG's -0.35% 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%
CPAG
- 1D
- -0.48%
- 1M
- -0.80%
- YTD
- -0.35%
- 6M
- -0.26%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BND vs. CPAG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BND Vanguard Total Bond Market ETF | -0.05% | 2.46% |
CPAG F/m Compoundr U.S. Aggregate Bond ETF | -0.35% | 2.22% |
Correlation
The correlation between BND and CPAG is 0.99 - 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 Aug 13, 2025 | 0.99 |
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Return for Risk
BND vs. CPAG — Risk / Return Rank
BND
CPAG
BND vs. CPAG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market ETF (BND) and F/m Compoundr U.S. Aggregate Bond ETF (CPAG). 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 | CPAG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.20 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | — | — |
| Martin ratioReturn relative to average drawdown | 4.86 | — | — |
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 | CPAG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.62 | -0.04 |
Drawdowns
BND vs. CPAG - Drawdown Comparison
The maximum BND drawdown since its inception was -18.58%, which is greater than CPAG's maximum drawdown of -2.78%. Use the drawdown chart below to compare losses from any high point for BND and CPAG.
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Drawdown Indicators
| BND | CPAG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.58% | -2.78% | -15.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.92% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -18.58% | — | — |
Current DrawdownCurrent decline from peak | -2.67% | -2.00% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -0.75% | -2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | — | — |
Volatility
BND vs. CPAG - Volatility Comparison
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Volatility by Period
| BND | CPAG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 3.70% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.02% | 3.70% | +2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.53% | 3.70% | +1.83% |
BND vs. CPAG - Expense Ratio Comparison
BND has a 0.03% expense ratio, which is lower than CPAG's 0.31% expense ratio.
Dividends
BND vs. CPAG - Dividend Comparison
BND's dividend yield for the trailing twelve months is around 3.98%, while CPAG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.98% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
CPAG F/m Compoundr U.S. Aggregate Bond ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, BND and CPAG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, BND is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BND is cheaper with a 0.03% expense ratio, compared with 0.31% for CPAG.
BND has the higher dividend yield at 3.98%, compared with 0.00% for CPAG.
BND tracks Bloomberg U.S. Aggregate Float Adjusted Index, while CPAG tracks Nasdaq Compoundr U.S. Aggregate Bond Index. They also come from different issuers: Vanguard and F/m Investments. Their fees differ too: 0.03% for BND and 0.31% for CPAG.
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