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BND vs. IGV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BND vs. IGV

Last updated Jun 9, 2026

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 1.53%/yr vs 16.44%/yr for IGV. At a correlation of -0.09, they often move in opposite directions. BND charges 0.03%/yr vs 0.39%/yr for IGV.

Performance

BND vs. IGV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total Bond Market ETF (BND) and iShares Expanded Tech-Software Sector ETF (IGV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BND achieves a -0.07% return, which is significantly higher than IGV's -9.50% return. Over the past 10 years, BND has underperformed IGV with an annualized return of 1.53%, while IGV has yielded a comparatively higher 16.44% annualized return.

BND

1D
-0.03%
1M
-0.67%
YTD
-0.07%
6M
0.23%
1Y
4.87%
3Y*
3.89%
5Y*
-0.05%
10Y*
1.53%

IGV

1D
-0.21%
1M
4.94%
YTD
-9.50%
6M
-12.57%
1Y
-9.75%
3Y*
13.14%
5Y*
5.60%
10Y*
16.44%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BND vs. IGV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BND
Vanguard Total Bond Market ETF		-0.07%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		-9.50%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 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.16

Correlation (3Y)
Calculated over the trailing 3-year period

0.15

Correlation (5Y)
Calculated over the trailing 5-year period

0.17

Correlation (10Y)
Calculated over the trailing 10-year period

0.09

Correlation (All Time)
Calculated using the full available price history since Apr 11, 2007

-0.09

The correlation between BND and IGV shifts across timeframes, from -0.09 (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.

Vanguard Total Bond Market ETF

iShares Expanded Tech-Software Sector ETF

Often compared with BND:
BND vs. BNDXBND vs. FXNAXBND vs. AGGBND vs. FBNDBND vs. BNDWBND vs. TLTBND vs. VBTLX
Often compared with IGV:
IGV vs. QQQIGV vs. XSWIGV vs. SOXXIGV vs. VGTIGV vs. XLKIGV vs. SMHXIGV vs. VOO

Return for Risk

BND vs. IGV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BND
BND Risk / Return Rank: 4040
Overall Rank
BND Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
BND Sortino Ratio Rank: 4343
Sortino Ratio Rank
BND Omega Ratio Rank: 3838
Omega Ratio Rank
BND Calmar Ratio Rank: 4040
Calmar Ratio Rank
BND Martin Ratio Rank: 3838
Martin Ratio Rank
IGV
IGV Risk / Return Rank: 77
Overall Rank
IGV Sharpe Ratio Rank: 66
Sharpe Ratio Rank
IGV Sortino Ratio Rank: 66
Sortino Ratio Rank
IGV Omega Ratio Rank: 66
Omega Ratio Rank
IGV Calmar Ratio Rank: 77
Calmar Ratio Rank
IGV Martin Ratio Rank: 77
Martin Ratio Rank
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. 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.

BNDIGVDifference
Sharpe ratioReturn per unit of total volatility
1.32
-0.35

+1.67

Sortino ratioReturn per unit of downside risk
1.96
-0.31

+2.27

Omega ratioGain probability vs. loss probability

1.23

0.96

+0.27

Calmar ratioReturn relative to maximum drawdown

1.83

-0.27

+2.09

Martin ratioReturn relative to average drawdown

5.43

-0.56

+5.99

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BND vs. IGV - Sharpe Ratio Comparison

The current BND Sharpe Ratio is 1.32, which is higher than the IGV Sharpe Ratio of -0.35. The chart below compares the historical Sharpe Ratios of BND and IGV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BNDIGVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.32

-0.35

+1.67

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.01

0.20

-0.21

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.28

0.63

-0.35

Sharpe Ratio (All Time)

Calculated using the full available price history

0.58

0.36

+0.22

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.

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Drawdown Indicators

BNDIGVDifference

Max Drawdown

Largest 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

-5.92%

-36.61%

+30.69%

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 Drawdown

Current decline from peak

-2.70%

-18.80%

+16.10%

Average Drawdown

Average peak-to-trough decline

-3.06%

-14.45%

+11.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.90%

17.33%

-16.43%

Volatility

BND vs. IGV - Volatility Comparison

The current volatility for Vanguard Total Bond Market ETF (BND) is 1.20%, while iShares Expanded Tech-Software Sector ETF (IGV) has a volatility of 12.20%. 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.

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Volatility by Period

BNDIGVDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.20%

12.20%

-11.00%

Volatility (6M)

Calculated over the trailing 6-month period

2.69%

24.65%

-21.96%

Volatility (1Y)

Calculated over the trailing 1-year period

3.72%

27.93%

-24.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.02%

27.90%

-21.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.53%

26.38%

-20.85%

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 3.98%, while IGV has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
IGV
iShares Expanded Tech-Software Sector ETF		0.00%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 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IGV has higher volatility (12.20%) compared to BND (1.20%). In terms of maximum drawdown, BND dropped -18.58% vs IGV's -63.45%.

On 10-year performance, IGV leads with 16.44% vs 1.53% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.20%. 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 16.44% return vs 1.53%. 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 3.98%, compared with 0.00% 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 (1.32 vs -0.35), 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.

Portfolio Optimizer

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