BND vs. VIOO
BND (Vanguard Total Bond Market ETF) and VIOO (Vanguard S&P Small-Cap 600 ETF) are both exchange-traded funds - BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index, while VIOO is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index. Both are passively managed. Over the past 10 years, BND returned 1.40%/yr vs 10.84%/yr for VIOO. Their -0.07 correlation means they have often moved in opposite directions in the past. BND charges 0.03%/yr vs 0.07%/yr for VIOO.
Performance
BND vs. VIOO - Performance Comparison
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Returns By Period
In the year-to-date period, BND achieves a -0.30% return, which is significantly lower than VIOO's 23.60% return. Over the past 10 years, BND has underperformed VIOO with an annualized return of 1.40%, while VIOO has yielded a comparatively higher 10.84% annualized return.
BND
- 1D
- 0.24%
- 1M
- -0.97%
- 6M
- -0.42%
- YTD
- -0.30%
- 1Y
- 2.00%
- 3Y*
- 4.04%
- 5Y*
- -0.43%
- 10Y*
- 1.40%
- ALL TIME*
- 3.00%
VIOO
- 1D
- 1.70%
- 1M
- 1.13%
- 6M
- 15.75%
- YTD
- 23.60%
- 1Y
- 38.11%
- 3Y*
- 14.55%
- 5Y*
- 8.09%
- 10Y*
- 10.84%
- ALL TIME*
- 12.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $459.14M | $504.12M | $590.88M | |
| $9.67M | $9.29M | $10.09M |
BND vs. VIOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | -0.30% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
VIOO Vanguard S&P Small-Cap 600 ETF | 23.60% | 6.04% | 8.48% | 16.16% | -16.26% | 26.79% | 11.47% | 22.68% | -8.65% | 13.16% |
Correlation
The correlation between BND and VIOO is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | -0.07 |
The correlation between BND and VIOO shifts across timeframes, from -0.07 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BND vs. VIOO — Risk / Return Rank
BND
VIOO
BND vs. VIOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market ETF (BND) and Vanguard S&P Small-Cap 600 ETF (VIOO). 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 | VIOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.65 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.38 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 4.37 | -3.62 |
| Martin ratioReturn relative to average drawdown | 1.86 | 14.95 | -13.09 |
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Drawdowns
BND vs. VIOO - Drawdown Comparison
The maximum BND drawdown since its inception was -18.58%, smaller than the maximum VIOO drawdown of -44.15%. Use the drawdown chart below to compare losses from any high point for BND and VIOO.
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Drawdown Indicators
| BND | VIOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.58% | -44.15% | +25.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -8.77% | +6.09% |
Max Drawdown (3Y)Largest decline over 3 years | -4.81% | -27.93% | +23.12% |
Max Drawdown (5Y)Largest decline over 5 years | -17.81% | -27.93% | +10.12% |
Max Drawdown (10Y)Largest decline over 10 years | -18.58% | -44.15% | +25.57% |
Current DrawdownCurrent decline from peak | -2.92% | -0.28% | -2.64% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -7.27% | +4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 2.56% | -1.49% |
Volatility
BND vs. VIOO - Volatility Comparison
The current volatility for Vanguard Total Bond Market ETF (BND) is 1.02%, while Vanguard S&P Small-Cap 600 ETF (VIOO) has a volatility of 3.78%. This indicates that BND experiences smaller price fluctuations and is considered to be less risky than VIOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BND | VIOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 3.78% | -2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 11.74% | -8.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.61% | 17.39% | -13.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.03% | 21.27% | -15.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.53% | 22.95% | -17.42% |
BND vs. VIOO - Expense Ratio Comparison
BND has a 0.03% expense ratio, which is lower than VIOO's 0.07% 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. VIOO - Dividend Comparison
BND's dividend yield for the trailing twelve months is around 4.04%, more than VIOO's 1.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 4.04% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
VIOO Vanguard S&P Small-Cap 600 ETF | 1.10% | 1.36% | 1.48% | 1.47% | 1.51% | 1.16% | 1.09% | 1.37% | 1.32% | 1.11% | 1.06% | 1.26% |
Frequently Asked Questions
BND and VIOO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIOO has higher volatility (3.78%) compared to BND (1.02%). In terms of maximum drawdown, BND dropped -18.58% vs VIOO's -44.15%.
On 10-year performance, VIOO leads with 10.84% vs 1.40% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VIOO has performed better with a 10.84% return vs 1.40%. 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 0.07% for VIOO.
BND has the higher dividend yield at 4.04%, compared with 1.10% for VIOO.
BND is categorized as Total Bond Market, while VIOO is Small Cap Blend Equities. BND tracks Bloomberg U.S. Aggregate Float Adjusted Index, while VIOO tracks S&P SmallCap 600 Index. Their fees differ too: 0.03% for BND and 0.07% for VIOO.
VIOO currently has the higher Sharpe Ratio (2.21 vs 0.56), 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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