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BND vs. VTV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BND vs. VTV

Last updated Jun 4, 2026

BND (Vanguard Total Bond Market ETF) and VTV (Vanguard Value ETF) are both exchange-traded funds - BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index, while VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Both are passively managed. Over the past 10 years, BND returned 1.58%/yr vs 12.48%/yr for VTV. At a correlation of -0.16, they often move in opposite directions. BND charges 0.03%/yr vs 0.04%/yr for VTV.

Performance

BND vs. VTV - Performance Comparison

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

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Returns By Period

In the year-to-date period, BND achieves a 0.27% return, which is significantly lower than VTV's 12.30% return. Over the past 10 years, BND has underperformed VTV with an annualized return of 1.58%, while VTV has yielded a comparatively higher 12.48% annualized return.

BND

1D
-0.19%
1M
0.27%
YTD
0.27%
6M
0.12%
1Y
5.11%
3Y*
3.96%
5Y*
0.09%
10Y*
1.58%

VTV

1D
0.01%
1M
4.23%
YTD
12.30%
6M
13.12%
1Y
26.25%
3Y*
18.28%
5Y*
11.24%
10Y*
12.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BND vs. VTV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BND
Vanguard Total Bond Market ETF		0.27%7.08%1.38%5.65%-13.11%-1.86%7.71%8.84%-0.12%3.57%
VTV
Vanguard Value ETF		12.30%15.27%15.95%9.32%-2.09%26.53%2.33%25.66%-5.47%17.15%

Correlation

The correlation between BND and VTV is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.30

Correlation (3Y)
Calculated over the trailing 3-year period

0.25

Correlation (5Y)
Calculated over the trailing 5-year period

0.16

Correlation (10Y)
Calculated over the trailing 10-year period

-0.01

Correlation (All Time)
Calculated using the full available price history since Apr 11, 2007

-0.16

The correlation between BND and VTV shifts across timeframes, from -0.16 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Total Bond Market ETF

Vanguard Value ETF

Often compared with BND:
BND vs. BNDXBND vs. FXNAXBND vs. AGGBND vs. FBNDBND vs. BNDWBND vs. TLTBND vs. VBTLX
Often compared with VTV:
VTV vs. SCHDVTV vs. VOOVTV vs. VTIVTV vs. VUGVTV vs. VYMVTV vs. SCHVVTV vs. VIG

Return for Risk

BND vs. VTV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BND
BND Risk / Return Rank: 3737
Overall Rank
BND Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
BND Sortino Ratio Rank: 3939
Sortino Ratio Rank
BND Omega Ratio Rank: 3535
Omega Ratio Rank
BND Calmar Ratio Rank: 3838
Calmar Ratio Rank
BND Martin Ratio Rank: 3636
Martin Ratio Rank
VTV
VTV Risk / Return Rank: 7979
Overall Rank
VTV Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
VTV Sortino Ratio Rank: 8282
Sortino Ratio Rank
VTV Omega Ratio Rank: 7777
Omega Ratio Rank
VTV Calmar Ratio Rank: 7979
Calmar Ratio Rank
VTV Martin Ratio Rank: 7979
Martin Ratio Rank
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. VTV - Risk-Adjusted Trends Comparison

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

BNDVTVDifference

Sharpe ratio

Return per unit of total volatility

1.36

2.61

-1.25

Sortino ratio

Return per unit of downside risk

2.03

3.74

-1.71

Omega ratio

Gain probability vs. loss probability

1.24

1.47

-0.23

Calmar ratio

Return relative to maximum drawdown

1.92

4.15

-2.23

Martin ratio

Return relative to average drawdown

5.80

15.69

-9.89

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. VTV - Sharpe Ratio Comparison

The current BND Sharpe Ratio is 1.36, which is lower than the VTV Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of BND and VTV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BNDVTVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.36

2.61

-1.25

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.01

0.81

-0.80

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.29

0.75

-0.46

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

0.51

+0.07

Drawdowns

BND vs. VTV - Drawdown Comparison

The maximum BND drawdown since its inception was -18.58%, smaller than the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for BND and VTV.

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Drawdown Indicators

BNDVTVDifference

Max Drawdown

Largest peak-to-trough decline

-18.58%

-59.27%

+40.69%

Max Drawdown (1Y)

Largest decline over 1 year

-2.68%

-6.35%

+3.67%

Max Drawdown (3Y)

Largest decline over 3 years

-5.92%

-14.52%

+8.60%

Max Drawdown (5Y)

Largest decline over 5 years

-17.91%

-17.04%

-0.87%

Max Drawdown (10Y)

Largest decline over 10 years

-18.58%

-36.78%

+18.20%

Current Drawdown

Current decline from peak

-2.37%

0.00%

-2.37%

Average Drawdown

Average peak-to-trough decline

-3.06%

-7.87%

+4.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.88%

1.68%

-0.80%

Volatility

BND vs. VTV - Volatility Comparison

The current volatility for Vanguard Total Bond Market ETF (BND) is 1.23%, while Vanguard Value ETF (VTV) has a volatility of 2.52%. This indicates that BND experiences smaller price fluctuations and is considered to be less risky than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BNDVTVDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.23%

2.52%

-1.29%

Volatility (6M)

Calculated over the trailing 6-month period

2.66%

7.55%

-4.89%

Volatility (1Y)

Calculated over the trailing 1-year period

3.78%

10.11%

-6.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.02%

13.88%

-7.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.53%

16.67%

-11.14%

BND vs. VTV - Expense Ratio Comparison

BND has a 0.03% expense ratio, which is lower than VTV's 0.04% 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. VTV - Dividend Comparison

BND's dividend yield for the trailing twelve months is around 3.97%, more than VTV's 1.86% yield.

PositionTTM20252024202320222021202020192018201720162015
BND
Vanguard Total Bond Market ETF		3.97%3.86%3.67%3.09%2.60%2.12%2.38%2.72%2.81%2.54%2.51%2.57%
VTV
Vanguard Value ETF		1.86%2.05%2.31%2.46%2.52%2.15%2.56%2.50%2.73%2.29%2.44%2.60%

Frequently Asked Questions

BND and VTV have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VTV has higher volatility (2.52%) compared to BND (1.23%). In terms of maximum drawdown, BND dropped -18.58% vs VTV's -59.27%.

On 10-year performance, VTV leads with 12.48% vs 1.58% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VTV has performed better with a 12.48% return vs 1.58%. 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 0.04% for VTV.

BND has the higher dividend yield at 3.97%, compared with 1.86% for VTV.

BND is categorized as Total Bond Market, while VTV is Large Cap Value Equities. BND tracks Bloomberg U.S. Aggregate Float Adjusted Index, while VTV tracks CRSP US Large Cap Value Index. Their fees differ too: 0.03% for BND and 0.04% for VTV.

VTV currently has the higher Sharpe Ratio (2.61 vs 1.36), 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.

Portfolio Optimizer

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