BND vs. MS
BND (Vanguard Total Bond Market ETF) is Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index, while MS (Morgan Stanley) is a stock. Over the past 10 years, BND returned 1.58%/yr vs 27.71%/yr for MS. At a correlation of -0.21, they often move in opposite directions.
Performance
BND vs. MS - Performance Comparison
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Returns By Period
In the year-to-date period, BND achieves a 0.52% return, which is significantly lower than MS's 21.88% return. Over the past 10 years, BND has underperformed MS with an annualized return of 1.58%, while MS has yielded a comparatively higher 27.71% annualized return.
BND
- 1D
- -0.12%
- 1M
- 1.03%
- YTD
- 0.52%
- 6M
- 0.91%
- 1Y
- 4.77%
- 3Y*
- 4.17%
- 5Y*
- 0.03%
- 10Y*
- 1.58%
MS
- 1D
- 0.65%
- 1M
- 11.18%
- YTD
- 21.88%
- 6M
- 21.28%
- 1Y
- 69.28%
- 3Y*
- 38.69%
- 5Y*
- 22.26%
- 10Y*
- 27.71%
BND vs. MS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 0.52% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
MS Morgan Stanley | 21.88% | 45.16% | 39.73% | 13.93% | -10.34% | 46.65% | 38.09% | 32.67% | -22.76% | 26.61% |
Correlation
The correlation between BND and MS is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007 | -0.21 |
The correlation between BND and MS shifts across timeframes, from -0.21 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BND vs. MS — Risk / Return Rank
BND
MS
BND vs. MS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market ETF (BND) and Morgan Stanley (MS). 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 | MS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.43 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 3.53 | -1.88 |
| Martin ratioReturn relative to average drawdown | 4.81 | 11.65 | -6.85 |
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Drawdowns
BND vs. MS - Drawdown Comparison
The maximum BND drawdown since its inception was -18.58%, smaller than the maximum MS drawdown of -88.12%. Use the drawdown chart below to compare losses from any high point for BND and MS.
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Drawdown Indicators
| BND | MS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.58% | -88.12% | +69.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -18.83% | +16.15% |
Max Drawdown (3Y)Largest decline over 3 years | -5.92% | -29.24% | +23.32% |
Max Drawdown (5Y)Largest decline over 5 years | -17.91% | -32.38% | +14.47% |
Max Drawdown (10Y)Largest decline over 10 years | -18.58% | -51.33% | +32.75% |
Current DrawdownCurrent decline from peak | -2.12% | -1.94% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -33.69% | +30.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 5.70% | -4.78% |
Volatility
BND vs. MS - Volatility Comparison
The current volatility for Vanguard Total Bond Market ETF (BND) is 1.28%, while Morgan Stanley (MS) has a volatility of 8.62%. This indicates that BND experiences smaller price fluctuations and is considered to be less risky than MS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BND | MS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 8.62% | -7.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 21.46% | -18.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 25.81% | -22.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.03% | 28.75% | -22.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.53% | 31.51% | -25.98% |
Dividends
BND vs. MS - Dividend Comparison
BND's dividend yield for the trailing twelve months is around 3.96%, more than MS's 1.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.96% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
MS Morgan Stanley | 1.87% | 2.17% | 2.82% | 3.49% | 3.47% | 2.14% | 2.04% | 2.54% | 2.77% | 1.72% | 1.66% | 1.73% |
Frequently Asked Questions
BND and MS have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MS has higher volatility (8.62%) compared to BND (1.28%). In terms of maximum drawdown, BND dropped -18.58% vs MS's -88.12%.
MS currently has the higher Sharpe Ratio (2.58 vs 1.18), 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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