BND vs. V

Last updated Jun 9, 2026

BND (Vanguard Total Bond Market ETF) is Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index, while V (Visa Inc.) is a stock. Over the past 10 years, BND returned 1.53%/yr vs 15.64%/yr for V. At a correlation of -0.09, they often move in opposite directions.

Performance

BND vs. V - Performance Comparison

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

Returns By Period

In the year-to-date period, BND achieves a -0.07% return, which is significantly higher than V's -8.47% return. Over the past 10 years, BND has underperformed V with an annualized return of 1.53%, while V has yielded a comparatively higher 15.64% 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%

V

• 1D: -1.21%
• 1M: 0.48%
• YTD: -8.47%
• 6M: -1.79%
• 1Y: -12.97%
• 3Y*: 13.52%
• 5Y*: 7.39%
• 10Y*: 15.64%

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

BND vs. V - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
V Visa Inc.	-8.47%	11.76%	22.32%	26.31%	-3.40%	-0.31%	17.12%	43.33%	16.49%	47.18%

Correlation

The correlation between BND and V is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.04
Correlation (All Time) Calculated using the full available price history since Mar 20, 2008	-0.09

The correlation between BND and V shifts across timeframes, from -0.09 (all time) to 0.15 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

BND vs. V — Risk / Return Rank

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

BND

BND Risk / Return Rank: 40
BND Sharpe Ratio Rank: 41
BND Sortino Ratio Rank: 43
BND Omega Ratio Rank: 38
BND Calmar Ratio Rank: 40
BND Martin Ratio Rank: 38

V

V Risk / Return Rank: 17
V Sharpe Ratio Rank: 16
V Sortino Ratio Rank: 16
V Omega Ratio Rank: 17
V Calmar Ratio Rank: 18
V Martin Ratio Rank: 16

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. V - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market ETF (BND) and Visa Inc. (V). 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.

	BND	V	Difference
Sharpe ratio: Return per unit of total volatility	1.32	-0.58	+1.90
Sortino ratio: Return per unit of downside risk	1.96	-0.72	+2.68
Omega ratio: Gain probability vs. loss probability	1.23	0.91	+0.32
Calmar ratio: Return relative to maximum drawdown	1.83	-0.64	+2.47
Martin ratio: Return relative to average drawdown	5.43	-1.18	+6.61
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. V - Sharpe Ratio Comparison

The current BND Sharpe Ratio is 1.32, which is higher than the V Sharpe Ratio of -0.58. The chart below compares the historical Sharpe Ratios of BND and V, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BND	V	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	-0.58	+1.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	0.33	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	0.64	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.69	-0.11

Drawdowns

BND vs. V - Drawdown Comparison

The maximum BND drawdown since its inception was -18.58%, smaller than the maximum V drawdown of -51.90%. Use the drawdown chart below to compare losses from any high point for BND and V.

Drawdown Indicators

	BND	V	Difference
Max Drawdown Largest peak-to-trough decline	-18.58%	-51.90%	+33.32%
Max Drawdown (1Y) Largest decline over 1 year	-2.68%	-20.38%	+17.70%
Max Drawdown (3Y) Largest decline over 3 years	-5.92%	-20.38%	+14.46%
Max Drawdown (5Y) Largest decline over 5 years	-17.91%	-28.60%	+10.69%
Max Drawdown (10Y) Largest decline over 10 years	-18.58%	-36.36%	+17.78%
Current Drawdown Current decline from peak	-2.70%	-13.69%	+10.99%
Average Drawdown Average peak-to-trough decline	-3.06%	-8.26%	+5.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	11.03%	-10.13%

Volatility

BND vs. V - Volatility Comparison

The current volatility for Vanguard Total Bond Market ETF (BND) is 1.20%, while Visa Inc. (V) has a volatility of 5.74%. This indicates that BND experiences smaller price fluctuations and is considered to be less risky than V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BND	V	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.20%	5.74%	-4.54%
Volatility (6M) Calculated over the trailing 6-month period	2.69%	17.50%	-14.81%
Volatility (1Y) Calculated over the trailing 1-year period	3.72%	22.32%	-18.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.02%	22.80%	-16.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.53%	24.47%	-18.94%

Dividends

BND vs. V - Dividend Comparison

BND's dividend yield for the trailing twelve months is around 3.98%, more than V's 0.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
V Visa Inc.	0.81%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%

Frequently Asked Questions

Can I hold both BND and V in my portfolio?

BND and V have a correlation of 0.12, 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 V?

V has higher volatility (5.74%) compared to BND (1.20%). In terms of maximum drawdown, BND dropped -18.58% vs V's -51.90%.

Which has better risk-adjusted returns?

BND currently has the higher Sharpe Ratio (1.32 vs -0.58), 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.