BND vs. IGV
BND (Vanguard Total Bond Market ETF) and IGV (iShares Expanded Tech-Software Sector ETF) are both exchange-traded funds - BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index, while IGV is a Technology Equities fund tracking the S&P North American Expanded Technology Software Index. Both are passively managed. Over the past 10 years, BND returned 1.43%/yr vs 15.60%/yr for IGV. At a correlation of -0.08, they often move in opposite directions. BND charges 0.03%/yr vs 0.39%/yr for IGV.
Performance
BND vs. IGV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BND achieves a 0.08% return, which is significantly higher than IGV's -12.01% return. Over the past 10 years, BND has underperformed IGV with an annualized return of 1.43%, while IGV has yielded a comparatively higher 15.60% annualized return.
BND
- 1D
- -0.25%
- 1M
- -0.57%
- 6M
- -0.09%
- YTD
- 0.08%
- 1Y
- 3.77%
- 3Y*
- 3.82%
- 5Y*
- -0.23%
- 10Y*
- 1.43%
- ALL TIME*
- 3.03%
IGV
- 1D
- 0.19%
- 1M
- 4.37%
- 6M
- -5.40%
- YTD
- -12.01%
- 1Y
- -16.26%
- 3Y*
- 9.01%
- 5Y*
- 3.20%
- 10Y*
- 15.60%
- ALL TIME*
- 9.30%
BND vs. IGV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 0.08% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
IGV iShares Expanded Tech-Software Sector ETF | -12.01% | 5.56% | 23.41% | 58.56% | -35.65% | 12.30% | 52.86% | 34.33% | 12.44% | 42.16% |
Correlation
The correlation between BND and IGV is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007 | -0.08 |
The correlation between BND and IGV shifts across timeframes, from -0.08 (all time) to 0.17 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BND vs. IGV — Risk / Return Rank
BND
IGV
BND vs. IGV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market ETF (BND) and iShares Expanded Tech-Software Sector ETF (IGV). 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 | IGV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.92 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | -0.45 | +1.86 |
| Martin ratioReturn relative to average drawdown | 3.81 | -0.86 | +4.68 |
Loading charts...
Drawdowns
BND vs. IGV - Drawdown Comparison
The maximum BND drawdown since its inception was -18.58%, smaller than the maximum IGV drawdown of -63.45%. Use the drawdown chart below to compare losses from any high point for BND and IGV.
Loading charts...
Drawdown Indicators
| BND | IGV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.58% | -63.45% | +44.87% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -36.61% | +33.93% |
Max Drawdown (3Y)Largest decline over 3 years | -5.59% | -36.61% | +31.02% |
Max Drawdown (5Y)Largest decline over 5 years | -17.91% | -45.85% | +27.94% |
Max Drawdown (10Y)Largest decline over 10 years | -18.58% | -45.85% | +27.27% |
Current DrawdownCurrent decline from peak | -2.55% | -21.05% | +18.50% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -14.48% | +11.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 18.89% | -17.90% |
Volatility
BND vs. IGV - Volatility Comparison
The current volatility for Vanguard Total Bond Market ETF (BND) is 1.08%, while iShares Expanded Tech-Software Sector ETF (IGV) has a volatility of 7.17%. This indicates that BND experiences smaller price fluctuations and is considered to be less risky than IGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BND | IGV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 7.17% | -6.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 25.18% | -22.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 28.69% | -24.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.03% | 28.08% | -22.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.53% | 26.41% | -20.88% |
BND vs. IGV - Expense Ratio Comparison
BND has a 0.03% expense ratio, which is lower than IGV's 0.39% expense ratio.
Dividends
BND vs. IGV - Dividend Comparison
BND's dividend yield for the trailing twelve months is around 4.00%, more than IGV's 0.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 4.00% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
IGV iShares Expanded Tech-Software Sector ETF | 0.02% | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | 0.35% | 0.02% | 0.16% | 0.09% | 0.82% | 0.22% |
Frequently Asked Questions
BND and IGV have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGV has higher volatility (7.17%) compared to BND (1.08%). In terms of maximum drawdown, BND dropped -18.58% vs IGV's -63.45%.
On 10-year performance, IGV leads with 15.60% vs 1.43% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IGV has performed better with a 15.60% return vs 1.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.39% for IGV.
BND has the higher dividend yield at 4.00%, compared with 0.02% for IGV.
BND is categorized as Total Bond Market, while IGV is Technology Equities. BND tracks Bloomberg U.S. Aggregate Float Adjusted Index, while IGV tracks S&P North American Expanded Technology Software Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.03% for BND and 0.39% for IGV.
BND currently has the higher Sharpe Ratio (1.02 vs -0.57), 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.
Find the right allocation for BND and IGV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer