PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
BND vs. IWY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BND vs. IWY

Last updated Jun 9, 2026

BND (Vanguard Total Bond Market ETF) and IWY (iShares Russell Top 200 Growth ETF) are both exchange-traded funds - BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index, while IWY is a Large Cap Growth Equities fund tracking the Russell Top 200 Growth Index. Both are passively managed. Over the past 10 years, BND returned 1.53%/yr vs 19.28%/yr for IWY. At a correlation of -0.06, they often move in opposite directions. BND charges 0.03%/yr vs 0.20%/yr for IWY.

Performance

BND vs. IWY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total Bond Market ETF (BND) and iShares Russell Top 200 Growth ETF (IWY). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, BND achieves a -0.07% return, which is significantly lower than IWY's 4.27% return. Over the past 10 years, BND has underperformed IWY with an annualized return of 1.53%, while IWY has yielded a comparatively higher 19.28% 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%

IWY

1D
0.17%
1M
-0.43%
YTD
4.27%
6M
3.32%
1Y
22.42%
3Y*
24.39%
5Y*
15.70%
10Y*
19.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BND vs. IWY - 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%
IWY
iShares Russell Top 200 Growth ETF		4.27%18.19%34.89%46.49%-29.91%31.05%39.01%36.20%-0.72%31.69%

Correlation

The correlation between BND and IWY is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.24

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

0.17

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

0.16

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

0.08

Correlation (All Time)
Calculated using the full available price history since Sep 29, 2009

-0.06

The correlation between BND and IWY shifts across timeframes, from -0.06 (all time) to 0.24 (1 year), 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 Russell Top 200 Growth ETF

Often compared with BND:
BND vs. BNDXBND vs. FXNAXBND vs. AGGBND vs. FBNDBND vs. BNDWBND vs. TLTBND vs. VBTLX
Often compared with IWY:
IWY vs. QQQIWY vs. SCHGIWY vs. SPYIWY vs. IWFIWY vs. MGKIWY vs. VONGIWY vs. SPMO

Return for Risk

BND vs. IWY — 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
IWY
IWY Risk / Return Rank: 3939
Overall Rank
IWY Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
IWY Sortino Ratio Rank: 4343
Sortino Ratio Rank
IWY Omega Ratio Rank: 4343
Omega Ratio Rank
IWY Calmar Ratio Rank: 3030
Calmar Ratio Rank
IWY Martin Ratio Rank: 3232
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. IWY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market ETF (BND) and iShares Russell Top 200 Growth ETF (IWY). 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.

BNDIWYDifference
Sharpe ratioReturn per unit of total volatility
1.32
1.42

-0.11

Sortino ratioReturn per unit of downside risk
1.96
1.95

+0.01

Omega ratioGain probability vs. loss probability

1.23

1.25

-0.02

Calmar ratioReturn relative to maximum drawdown

1.83

1.35

+0.47

Martin ratioReturn relative to average drawdown

5.43

4.40

+1.03

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. IWY - Sharpe Ratio Comparison

The current BND Sharpe Ratio is 1.32, which is comparable to the IWY Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of BND and IWY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

BNDIWYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.32

1.42

-0.11

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.01

0.73

-0.74

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.28

0.92

-0.64

Sharpe Ratio (All Time)

Calculated using the full available price history

0.58

0.91

-0.33

Drawdowns

BND vs. IWY - Drawdown Comparison

The maximum BND drawdown since its inception was -18.58%, smaller than the maximum IWY drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for BND and IWY.

Loading charts...

Drawdown Indicators

BNDIWYDifference

Max Drawdown

Largest peak-to-trough decline

-18.58%

-32.68%

+14.10%

Max Drawdown (1Y)

Largest decline over 1 year

-2.68%

-16.63%

+13.95%

Max Drawdown (3Y)

Largest decline over 3 years

-5.92%

-23.22%

+17.30%

Max Drawdown (5Y)

Largest decline over 5 years

-17.91%

-32.68%

+14.77%

Max Drawdown (10Y)

Largest decline over 10 years

-18.58%

-32.68%

+14.10%

Current Drawdown

Current decline from peak

-2.70%

-4.51%

+1.81%

Average Drawdown

Average peak-to-trough decline

-3.06%

-4.75%

+1.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.90%

5.11%

-4.21%

Volatility

BND vs. IWY - Volatility Comparison

The current volatility for Vanguard Total Bond Market ETF (BND) is 1.20%, while iShares Russell Top 200 Growth ETF (IWY) has a volatility of 4.80%. This indicates that BND experiences smaller price fluctuations and is considered to be less risky than IWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

BNDIWYDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.20%

4.80%

-3.60%

Volatility (6M)

Calculated over the trailing 6-month period

2.69%

12.12%

-9.43%

Volatility (1Y)

Calculated over the trailing 1-year period

3.72%

15.86%

-12.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.02%

21.52%

-15.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.53%

21.00%

-15.47%

BND vs. IWY - Expense Ratio Comparison

BND has a 0.03% expense ratio, which is lower than IWY's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BND vs. IWY - Dividend Comparison

BND's dividend yield for the trailing twelve months is around 3.98%, more than IWY's 0.34% yield.

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%
IWY
iShares Russell Top 200 Growth ETF		0.34%0.36%0.42%0.68%0.88%0.50%0.71%1.06%1.32%1.26%1.51%1.58%

Frequently Asked Questions

BND and IWY have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IWY has higher volatility (4.80%) compared to BND (1.20%). In terms of maximum drawdown, BND dropped -18.58% vs IWY's -32.68%.

On 10-year performance, IWY leads with 19.28% 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, IWY has performed better with a 19.28% 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 0.20% for IWY.

BND has the higher dividend yield at 3.98%, compared with 0.34% for IWY.

BND is categorized as Total Bond Market, while IWY is Large Cap Growth Equities. BND tracks Bloomberg U.S. Aggregate Float Adjusted Index, while IWY tracks Russell Top 200 Growth Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.03% for BND and 0.20% for IWY.

IWY currently has the higher Sharpe Ratio (1.42 vs 1.32), 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

Find the right allocation for BND and IWY

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