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BND vs. TLT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BND and TLT is -0.16. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


Performance

BND vs. TLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total Bond Market ETF (BND) and iShares 20+ Year Treasury Bond ETF (TLT). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BND:

1.15

TLT:

0.06

Sortino Ratio

BND:

1.41

TLT:

-0.07

Omega Ratio

BND:

1.17

TLT:

0.99

Calmar Ratio

BND:

0.41

TLT:

-0.04

Martin Ratio

BND:

2.46

TLT:

-0.21

Ulcer Index

BND:

2.11%

TLT:

8.36%

Daily Std Dev

BND:

5.33%

TLT:

14.53%

Max Drawdown

BND:

-18.84%

TLT:

-48.35%

Current Drawdown

BND:

-7.27%

TLT:

-42.69%

Returns By Period

In the year-to-date period, BND achieves a 2.30% return, which is significantly higher than TLT's 0.04% return. Over the past 10 years, BND has outperformed TLT with an annualized return of 1.49%, while TLT has yielded a comparatively lower -0.85% annualized return.


BND

YTD

2.30%

1M

-0.93%

6M

0.95%

1Y

6.08%

3Y*

1.26%

5Y*

-1.04%

10Y*

1.49%

TLT

YTD

0.04%

1M

-4.14%

6M

-5.38%

1Y

0.87%

3Y*

-7.01%

5Y*

-9.61%

10Y*

-0.85%

*Annualized

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Vanguard Total Bond Market ETF

BND vs. TLT - Expense Ratio Comparison

BND has a 0.03% expense ratio, which is lower than TLT's 0.15% 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%.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

BND vs. TLT — Risk-Adjusted Performance Rank

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

BND
The Risk-Adjusted Performance Rank of BND is 6767
Overall Rank
The Sharpe Ratio Rank of BND is 8484
Sharpe Ratio Rank
The Sortino Ratio Rank of BND is 7777
Sortino Ratio Rank
The Omega Ratio Rank of BND is 6969
Omega Ratio Rank
The Calmar Ratio Rank of BND is 4545
Calmar Ratio Rank
The Martin Ratio Rank of BND is 6161
Martin Ratio Rank

TLT
The Risk-Adjusted Performance Rank of TLT is 1313
Overall Rank
The Sharpe Ratio Rank of TLT is 1919
Sharpe Ratio Rank
The Sortino Ratio Rank of TLT is 1010
Sortino Ratio Rank
The Omega Ratio Rank of TLT is 1010
Omega Ratio Rank
The Calmar Ratio Rank of TLT is 1313
Calmar Ratio Rank
The Martin Ratio Rank of TLT is 1212
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BND vs. TLT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market ETF (BND) and iShares 20+ Year Treasury Bond ETF (TLT). 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.


The current BND Sharpe Ratio is 1.15, which is higher than the TLT Sharpe Ratio of 0.06. The chart below compares the historical Sharpe Ratios of BND and TLT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

BND vs. TLT - Dividend Comparison

BND's dividend yield for the trailing twelve months is around 3.75%, less than TLT's 4.39% yield.


TTM20242023202220212020201920182017201620152014
BND
Vanguard Total Bond Market ETF
3.75%3.67%3.09%2.60%1.97%2.22%2.72%2.81%2.54%2.51%2.57%2.79%
TLT
iShares 20+ Year Treasury Bond ETF
4.39%4.30%3.38%2.67%1.50%1.50%2.27%2.63%2.43%2.60%2.61%2.67%

Drawdowns

BND vs. TLT - Drawdown Comparison

The maximum BND drawdown since its inception was -18.84%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for BND and TLT.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

BND vs. TLT - Volatility Comparison

The current volatility for Vanguard Total Bond Market ETF (BND) is 1.50%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.59%. This indicates that BND experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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