BNDP vs. VGVT

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard Core-Plus Bond Index ETF (BNDP) and Vanguard Government Securities Active ETF (VGVT).

BNDP and VGVT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BNDP is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Universal Float Adjusted Index. It was launched on Dec 2, 2025. VGVT is an actively managed fund by Vanguard. It was launched on Jul 7, 2025.

Performance

BNDP vs. VGVT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Core-Plus Bond Index ETF (BNDP) and Vanguard Government Securities Active ETF (VGVT). The values are adjusted to include any dividend payments, if applicable.

BNDP vs. VGVT - Yearly Performance Comparison

	2026 (YTD)	2025
BNDP Vanguard Core-Plus Bond Index ETF	-0.18%	0.10%
VGVT Vanguard Government Securities Active ETF	0.03%	0.08%

Returns By Period

In the year-to-date period, BNDP achieves a -0.18% return, which is significantly lower than VGVT's 0.03% return.

BNDP

• 1D: 0.01%
• 1M: -1.44%
• YTD: -0.18%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VGVT

• 1D: -0.09%
• 1M: -1.61%
• YTD: 0.03%
• 6M: 1.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BNDP vs. VGVT - Expense Ratio Comparison

BNDP has a 0.05% expense ratio, which is lower than VGVT's 0.10% 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%.

VGVT

Vanguard Government Securities Active ETF

BNDP

Vanguard Core-Plus Bond Index ETF

Return for Risk

BNDP vs. VGVT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond Index ETF (BNDP) and Vanguard Government Securities Active ETF (VGVT). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BNDP	VGVT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	1.40	-1.48

Correlation

The correlation between BNDP and VGVT is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BNDP vs. VGVT - Dividend Comparison

BNDP's dividend yield for the trailing twelve months is around 1.32%, less than VGVT's 3.29% yield.

	TTM	2025
BNDP Vanguard Core-Plus Bond Index ETF	1.32%	0.24%
VGVT Vanguard Government Securities Active ETF	3.29%	2.29%

Drawdowns

BNDP vs. VGVT - Drawdown Comparison

The maximum BNDP drawdown since its inception was -2.56%, which is greater than VGVT's maximum drawdown of -2.42%. Use the drawdown chart below to compare losses from any high point for BNDP and VGVT.

Drawdown Indicators

	BNDP	VGVT	Difference
Max Drawdown Largest peak-to-trough decline	-2.56%	-2.42%	-0.14%
Current Drawdown Current decline from peak	-1.82%	-1.83%	+0.01%
Average Drawdown Average peak-to-trough decline	-0.54%	-0.43%	-0.11%

Volatility

Volatility by Period

	BNDP	VGVT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.63%	3.26%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.63%	3.26%	+0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.63%	3.26%	+0.37%