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BND vs. VWETX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BND vs. VWETX

Last updated Apr 16, 2026

BND (Vanguard Total Bond Market ETF) and VWETX (Vanguard Long-Term Investment-Grade Fund Admiral Shares) are both Total Bond Market funds from Vanguard. Over the past 10 years, BND returned 1.70%/yr vs 1.89%/yr for VWETX. Their correlation of 0.86 suggests significant overlap in exposure. BND charges 0.03%/yr vs 0.12%/yr for VWETX.

Performance

BND vs. VWETX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total Bond Market ETF (BND) and Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX). 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 0.72% return, which is significantly higher than VWETX's 0.45% return. Over the past 10 years, BND has underperformed VWETX with an annualized return of 1.70%, while VWETX has yielded a comparatively higher 1.89% annualized return.

BND

1D
-0.14%
1M
0.41%
YTD
0.72%
6M
0.85%
1Y
5.80%
3Y*
3.80%
5Y*
0.28%
10Y*
1.70%

VWETX

1D
0.53%
1M
1.73%
YTD
0.45%
6M
-0.86%
1Y
8.02%
3Y*
2.75%
5Y*
-2.25%
10Y*
1.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BND vs. VWETX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BND
Vanguard Total Bond Market ETF		0.72%7.08%1.38%5.65%-13.11%-1.86%7.71%8.84%-0.12%3.57%
VWETX
Vanguard Long-Term Investment-Grade Fund Admiral Shares		0.45%7.31%-2.70%8.92%-25.54%-2.79%15.50%20.56%-6.17%12.08%

Correlation

The correlation between BND and VWETX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they tend to fall together during downturns.

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

0.92

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

0.94

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

0.93

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

0.86

The correlation between BND and VWETX has been stable across timeframes, ranging from 0.86 to 0.94 — a consistent structural relationship.

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 Long-Term Investment-Grade Fund Admiral Shares

Often compared with BND:
BND vs. BNDXBND vs. AGGBND vs. FXNAXBND vs. BNDWBND vs. FBNDBND vs. VBTLXBND vs. TLT
Often compared with VWETX:
VWETX vs. PTTRXVWETX vs. BLVVWETX vs. HYDVWETX vs. VBTLXVWETX vs. MWTIXVWETX vs. VIGAXVWETX vs. VTSAX

Return for Risk

BND vs. VWETX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BND
BND Risk / Return Rank: 3333
Overall Rank
BND Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
BND Sortino Ratio Rank: 3232
Sortino Ratio Rank
BND Omega Ratio Rank: 2929
Omega Ratio Rank
BND Calmar Ratio Rank: 3838
Calmar Ratio Rank
BND Martin Ratio Rank: 3636
Martin Ratio Rank
VWETX
VWETX Risk / Return Rank: 1111
Overall Rank
VWETX Sharpe Ratio Rank: 88
Sharpe Ratio Rank
VWETX Sortino Ratio Rank: 88
Sortino Ratio Rank
VWETX Omega Ratio Rank: 77
Omega Ratio Rank
VWETX Calmar Ratio Rank: 1919
Calmar Ratio Rank
VWETX Martin Ratio Rank: 1414
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. VWETX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market ETF (BND) and Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX). 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.

BNDVWETXDifference

Sharpe ratio

Return per unit of total volatility

1.49

1.04

+0.45

Sortino ratio

Return per unit of downside risk

2.21

1.52

+0.69

Omega ratio

Gain probability vs. loss probability

1.26

1.18

+0.08

Calmar ratio

Return relative to maximum drawdown

2.73

1.88

+0.84

Martin ratio

Return relative to average drawdown

8.73

5.09

+3.64

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. VWETX - Sharpe Ratio Comparison

The current BND Sharpe Ratio is 1.49, which is higher than the VWETX Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of BND and VWETX, 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

BNDVWETXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.49

1.04

+0.45

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.05

-0.19

+0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.31

0.18

+0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

0.49

+0.11

Drawdowns

BND vs. VWETX - Drawdown Comparison

The maximum BND drawdown since its inception was -18.58%, smaller than the maximum VWETX drawdown of -36.04%. Use the drawdown chart below to compare losses from any high point for BND and VWETX.

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Drawdown Indicators

BNDVWETXDifference

Max Drawdown

Largest peak-to-trough decline

-18.58%

-36.04%

+17.46%

Max Drawdown (1Y)

Largest decline over 1 year

-2.44%

-5.12%

+2.68%

Max Drawdown (5Y)

Largest decline over 5 years

-17.91%

-34.42%

+16.51%

Max Drawdown (10Y)

Largest decline over 10 years

-18.58%

-36.04%

+17.46%

Current Drawdown

Current decline from peak

-1.93%

-18.87%

+16.94%

Average Drawdown

Average peak-to-trough decline

-3.07%

-7.14%

+4.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.76%

1.90%

-1.14%

Volatility

BND vs. VWETX - Volatility Comparison

The current volatility for Vanguard Total Bond Market ETF (BND) is 1.50%, while Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX) has a volatility of 2.98%. This indicates that BND experiences smaller price fluctuations and is considered to be less risky than VWETX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BNDVWETXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.50%

2.98%

-1.48%

Volatility (6M)

Calculated over the trailing 6-month period

2.50%

5.25%

-2.75%

Volatility (1Y)

Calculated over the trailing 1-year period

3.94%

8.29%

-4.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.00%

12.08%

-6.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.52%

10.85%

-5.33%

BND vs. VWETX - Expense Ratio Comparison

BND has a 0.03% expense ratio, which is lower than VWETX's 0.12% 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. VWETX - Dividend Comparison

BND's dividend yield for the trailing twelve months is around 3.91%, less than VWETX's 4.67% yield.

TTM20252024202320222021202020192018201720162015
BND
Vanguard Total Bond Market ETF		3.91%3.86%3.67%3.09%2.60%2.12%2.38%2.72%2.81%2.54%2.51%2.57%
VWETX
Vanguard Long-Term Investment-Grade Fund Admiral Shares		4.67%5.06%5.10%4.26%4.54%4.86%6.99%5.11%4.40%5.60%6.25%7.49%