BNDP vs. BND
BNDP (Vanguard Core-Plus Bond Index ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - BNDP is a Intermediate Core-Plus Bond fund tracking the Bloomberg U.S. Universal Float Adjusted Index, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. With a 0.97 correlation, they move nearly in lockstep. BNDP charges 0.05%/yr vs 0.03%/yr for BND.
Performance
BNDP vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, BNDP achieves a 0.42% return, which is significantly higher than BND's 0.38% return.
BNDP
- 1D
- -0.25%
- 1M
- 0.73%
- YTD
- 0.42%
- 6M
- 0.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BND
- 1D
- -0.27%
- 1M
- 0.53%
- YTD
- 0.38%
- 6M
- 0.45%
- 1Y
- 4.37%
- 3Y*
- 3.92%
- 5Y*
- 0.04%
- 10Y*
- 1.55%
BNDP vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BNDP Vanguard Core-Plus Bond Index ETF | 0.42% | 0.08% |
BND Vanguard Total Bond Market ETF | 0.38% | -0.15% |
Correlation
The correlation between BNDP and BND is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025 | 0.97 |
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Return for Risk
BNDP vs. BND — Risk / Return Rank
BNDP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BND
BNDP vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond Index ETF (BNDP) 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.
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.
| BNDP | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.64 | — |
| Martin ratioReturn relative to average drawdown | — | 4.69 | — |
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Drawdowns
BNDP vs. BND - Drawdown Comparison
The maximum BNDP drawdown since its inception was -2.60%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for BNDP and BND.
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Drawdown Indicators
| BNDP | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.60% | -18.58% | +15.98% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.68% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.92% | — |
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 | -1.23% | -2.26% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -3.06% | +2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.93% | — |
Volatility
BNDP vs. BND - Volatility Comparison
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Volatility by Period
| BNDP | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.08% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.77% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 3.74% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.71% | 6.03% | -2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.71% | 5.54% | -1.83% |
BNDP vs. BND - Expense Ratio Comparison
BNDP has a 0.05% expense ratio, which is higher than BND's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BNDP vs. BND - Dividend Comparison
BNDP's dividend yield for the trailing twelve months is around 2.08%, less than BND's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.96% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
BNDP Vanguard Core-Plus Bond Index ETF | 2.08% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, BNDP and BND move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, BND is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BND is cheaper with a 0.03% expense ratio, compared with 0.05% for BNDP.
BND has the higher dividend yield at 3.96%, compared with 2.08% for BNDP.
BNDP is categorized as Intermediate Core-Plus Bond, while BND is Total Bond Market. BNDP tracks Bloomberg U.S. Universal Float Adjusted Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. Their fees differ too: 0.05% for BNDP and 0.03% for BND.
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