BNDD vs. BND
Compare and contrast key facts about Quadratic Deflation ETF (BNDD) and Vanguard Total Bond Market ETF (BND).
BNDD and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BNDD is an actively managed fund by Quadratic. It was launched on Sep 16, 2021. BND is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Aggregate Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
BNDD vs. BND - Performance Comparison
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BNDD vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BNDD Quadratic Deflation ETF | 3.22% | -8.17% | -6.65% | 4.02% | -17.48% | 5.54% |
BND Vanguard Total Bond Market ETF | 0.05% | 7.08% | 1.38% | 5.65% | -13.11% | -1.23% |
Returns By Period
In the year-to-date period, BNDD achieves a 3.22% return, which is significantly higher than BND's 0.05% return.
BNDD
- 1D
- -0.66%
- 1M
- 0.24%
- YTD
- 3.22%
- 6M
- -0.19%
- 1Y
- -5.11%
- 3Y*
- -4.63%
- 5Y*
- —
- 10Y*
- —
BND
- 1D
- 0.22%
- 1M
- -1.74%
- YTD
- 0.05%
- 6M
- 0.95%
- 1Y
- 4.24%
- 3Y*
- 3.59%
- 5Y*
- 0.24%
- 10Y*
- 1.67%
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BNDD vs. BND - Expense Ratio Comparison
BNDD has a 1.04% expense ratio, which is higher than BND's 0.03% expense ratio.
Return for Risk
BNDD vs. BND — Risk / Return Rank
BNDD
BND
BNDD vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quadratic Deflation ETF (BNDD) and Vanguard Total Bond Market ETF (BND). 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.
| BNDD | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.41 | 0.99 | -1.40 |
Sortino ratioReturn per unit of downside risk | -0.48 | 1.41 | -1.89 |
Omega ratioGain probability vs. loss probability | 0.94 | 1.18 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | -0.37 | 1.81 | -2.18 |
Martin ratioReturn relative to average drawdown | -0.56 | 4.98 | -5.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BNDD | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.41 | 0.99 | -1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.04 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.35 | 0.59 | -0.94 |
Correlation
The correlation between BNDD and BND is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BNDD vs. BND - Dividend Comparison
BNDD's dividend yield for the trailing twelve months is around 3.64%, less than BND's 3.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDD Quadratic Deflation ETF | 3.64% | 3.82% | 3.85% | 4.30% | 43.17% | 1.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
BNDD vs. BND - Drawdown Comparison
The maximum BNDD drawdown since its inception was -30.87%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for BNDD and BND.
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Drawdown Indicators
| BNDD | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.87% | -18.58% | -12.29% |
Max Drawdown (1Y)Largest decline over 1 year | -10.93% | -2.44% | -8.49% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -27.28% | -2.58% | -24.70% |
Average DrawdownAverage peak-to-trough decline | -19.03% | -3.07% | -15.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.26% | 0.89% | +6.37% |
Volatility
BNDD vs. BND - Volatility Comparison
Quadratic Deflation ETF (BNDD) has a higher volatility of 3.52% compared to Vanguard Total Bond Market ETF (BND) at 1.63%. This indicates that BNDD's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNDD | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 1.63% | +1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 2.52% | +5.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.44% | 4.30% | +8.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.55% | 6.00% | +7.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.55% | 5.52% | +8.03% |