BND vs. SWTSX

Last updated Jun 14, 2026

BND (Vanguard Total Bond Market ETF) and SWTSX (Schwab Total Stock Market Index Fund) are both funds - BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index, while SWTSX is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Total Stock Market Index. Both are passively managed. Over the past 10 years, BND returned 1.58%/yr vs 14.89%/yr for SWTSX. At a correlation of -0.13, they often move in opposite directions. Both charge a 0.03% expense ratio.

Performance

BND vs. SWTSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total Bond Market ETF (BND) and Schwab Total Stock Market Index Fund (SWTSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BND achieves a 0.52% return, which is significantly lower than SWTSX's 9.15% return. Over the past 10 years, BND has underperformed SWTSX with an annualized return of 1.58%, while SWTSX has yielded a comparatively higher 14.89% 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%

SWTSX

• 1D: 1.88%
• 1M: 0.56%
• YTD: 9.15%
• 6M: 9.22%
• 1Y: 25.64%
• 3Y*: 20.73%
• 5Y*: 12.09%
• 10Y*: 14.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BND vs. SWTSX - 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%
SWTSX Schwab Total Stock Market Index Fund	9.15%	17.04%	23.84%	26.05%	-19.54%	25.65%	20.71%	30.90%	-5.35%	21.08%

Correlation

The correlation between BND and SWTSX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007	-0.13

The correlation between BND and SWTSX shifts across timeframes, from -0.13 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BND vs. SWTSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BND

BND Risk / Return Rank: 37
BND Sharpe Ratio Rank: 38
BND Sortino Ratio Rank: 38
BND Omega Ratio Rank: 35
BND Calmar Ratio Rank: 37
BND Martin Ratio Rank: 35

SWTSX

SWTSX Risk / Return Rank: 72
SWTSX Sharpe Ratio Rank: 70
SWTSX Sortino Ratio Rank: 66
SWTSX Omega Ratio Rank: 66
SWTSX Calmar Ratio Rank: 74
SWTSX Martin Ratio Rank: 83

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. SWTSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market ETF (BND) and Schwab Total Stock Market Index Fund (SWTSX). 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	SWTSX	Difference
Sharpe ratio: Return per unit of total volatility	1.18	1.93	-0.74
Sortino ratio: Return per unit of downside risk	1.77	2.62	-0.85
Omega ratio: Gain probability vs. loss probability	1.21	1.35	-0.14
Calmar ratio: Return relative to maximum drawdown	1.65	2.77	-1.12
Martin ratio: Return relative to average drawdown	4.81	12.40	-7.60

BND vs. SWTSX - Sharpe Ratio Comparison

The current BND Sharpe Ratio is 1.18, which is lower than the SWTSX Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of BND and SWTSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BND vs. SWTSX - Drawdown Comparison

The maximum BND drawdown since its inception was -18.58%, smaller than the maximum SWTSX drawdown of -54.60%. Use the drawdown chart below to compare losses from any high point for BND and SWTSX.

Drawdown Indicators

	BND	SWTSX	Difference
Max Drawdown Largest peak-to-trough decline	-18.58%	-54.60%	+36.02%
Max Drawdown (1Y) Largest decline over 1 year	-2.68%	-8.88%	+6.20%
Max Drawdown (3Y) Largest decline over 3 years	-5.92%	-19.43%	+13.51%
Max Drawdown (5Y) Largest decline over 5 years	-17.91%	-25.40%	+7.49%
Max Drawdown (10Y) Largest decline over 10 years	-18.58%	-35.01%	+16.43%
Current Drawdown Current decline from peak	-2.12%	-2.56%	+0.44%
Average Drawdown Average peak-to-trough decline	-3.06%	-10.56%	+7.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	1.98%	-1.06%

Volatility

BND vs. SWTSX - Volatility Comparison

The current volatility for Vanguard Total Bond Market ETF (BND) is 1.28%, while Schwab Total Stock Market Index Fund (SWTSX) has a volatility of 4.62%. This indicates that BND experiences smaller price fluctuations and is considered to be less risky than SWTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BND	SWTSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.28%	4.62%	-3.34%
Volatility (6M) Calculated over the trailing 6-month period	2.74%	9.95%	-7.21%
Volatility (1Y) Calculated over the trailing 1-year period	3.75%	12.78%	-9.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.03%	17.51%	-11.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.53%	18.63%	-13.10%

BND vs. SWTSX - Expense Ratio Comparison

Both BND and SWTSX have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

BND vs. SWTSX - Dividend Comparison

BND's dividend yield for the trailing twelve months is around 3.96%, more than SWTSX's 1.01% 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%
SWTSX Schwab Total Stock Market Index Fund	1.01%	1.10%	1.24%	1.41%	1.62%	1.46%	1.63%	1.92%	2.58%	1.83%	2.32%	2.79%

Frequently Asked Questions

Can I hold both BND and SWTSX in my portfolio?

BND and SWTSX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BND or SWTSX?

SWTSX has higher volatility (4.62%) compared to BND (1.28%). In terms of maximum drawdown, BND dropped -18.58% vs SWTSX's -54.60%.

Which has better risk-adjusted returns?

SWTSX currently has the higher Sharpe Ratio (1.93 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.