BNDP vs. VGVT

Last updated Jun 4, 2026

BNDP (Vanguard Core-Plus Bond Index ETF) and VGVT (Vanguard Government Securities Active ETF) are both exchange-traded funds - BNDP is a Intermediate Core-Plus Bond fund tracking the Bloomberg U.S. Universal Float Adjusted Index, while VGVT is a Intermediate Core Bond fund actively managed by Vanguard. BNDP is passively managed, while VGVT is actively managed. Their correlation of 0.89 suggests significant overlap in exposure. BNDP charges 0.05%/yr vs 0.10%/yr for VGVT.

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.

Returns By Period

In the year-to-date period, BNDP achieves a 0.34% return, which is significantly higher than VGVT's 0.11% return.

BNDP

• 1D: -0.08%
• 1M: 0.41%
• YTD: 0.34%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VGVT

• 1D: -0.15%
• 1M: 0.17%
• YTD: 0.11%
• 6M: 0.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BNDP vs. VGVT - Yearly Performance Comparison

	2026 (YTD)	2025
BNDP Vanguard Core-Plus Bond Index ETF	0.34%	0.10%
VGVT Vanguard Government Securities Active ETF	0.11%	0.08%

Correlation

The correlation between BNDP and VGVT is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 5, 2025	0.89

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	0.25	1.17	-0.93

Drawdowns

BNDP vs. VGVT - Drawdown Comparison

The maximum BNDP drawdown since its inception was -2.60%, smaller than the maximum VGVT drawdown of -2.77%. 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	-2.60%	-2.77%	+0.17%
Current Drawdown Current decline from peak	-1.31%	-1.76%	+0.45%
Average Drawdown Average peak-to-trough decline	-0.86%	-0.67%	-0.19%

Volatility

Volatility by Period

	BNDP	VGVT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.63%	3.22%	+0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.63%	3.22%	+0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.63%	3.22%	+0.41%

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%.

Dividends

BNDP vs. VGVT - Dividend Comparison

BNDP's dividend yield for the trailing twelve months is around 2.08%, less than VGVT's 3.99% yield.

Position	TTM	2025
BNDP Vanguard Core-Plus Bond Index ETF	2.08%	0.24%
VGVT Vanguard Government Securities Active ETF	3.99%	2.29%

Frequently Asked Questions

Can I hold both BNDP and VGVT in my portfolio?

BNDP and VGVT have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BNDP or VGVT?

On fees, BNDP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BNDP or VGVT?

BNDP is cheaper with a 0.05% expense ratio, compared with 0.10% for VGVT.

Which ETF pays a higher dividend yield, BNDP or VGVT?

VGVT has the higher dividend yield at 3.99%, compared with 2.08% for BNDP.

What is the main difference between BNDP and VGVT?

BNDP is categorized as Intermediate Core-Plus Bond, while VGVT is Intermediate Core Bond. Their fees differ too: 0.05% for BNDP and 0.10% for VGVT.