BNDY vs. VTG

Last updated Jun 5, 2026

BNDY (Horizon Core Bond ETF) and VTG (Vanguard Total Treasury ETF) are both Intermediate Core Bond funds. BNDY is actively managed, while VTG is passively managed. Their correlation of 0.85 suggests significant overlap in exposure. BNDY charges 0.66%/yr vs 0.03%/yr for VTG.

Performance

BNDY vs. VTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Core Bond ETF (BNDY) and Vanguard Total Treasury ETF (VTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNDY achieves a 1.19% return, which is significantly higher than VTG's 0.01% return.

BNDY

• 1D: 0.32%
• 1M: 0.61%
• YTD: 1.19%
• 6M: 1.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VTG

• 1D: 0.11%
• 1M: 0.10%
• YTD: 0.01%
• 6M: 0.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BNDY vs. VTG - Yearly Performance Comparison

	2026 (YTD)	2025
BNDY Horizon Core Bond ETF	1.19%	5.30%
VTG Vanguard Total Treasury ETF	0.01%	2.88%

Correlation

The correlation between BNDY and VTG is 0.85, 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 Jul 10, 2025	0.85

Return for Risk

BNDY vs. VTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Core Bond ETF (BNDY) and Vanguard Total Treasury ETF (VTG). 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

	BNDY	VTG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	0.91	+0.53

Drawdowns

BNDY vs. VTG - Drawdown Comparison

The maximum BNDY drawdown since its inception was -3.93%, which is greater than VTG's maximum drawdown of -2.89%. Use the drawdown chart below to compare losses from any high point for BNDY and VTG.

Drawdown Indicators

	BNDY	VTG	Difference
Max Drawdown Largest peak-to-trough decline	-3.93%	-2.89%	-1.04%
Current Drawdown Current decline from peak	-0.84%	-1.78%	+0.94%
Average Drawdown Average peak-to-trough decline	-0.63%	-0.74%	+0.11%

Volatility

Volatility by Period

	BNDY	VTG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.01%	3.51%	+1.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.01%	3.51%	+1.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.01%	3.51%	+1.50%

BNDY vs. VTG - Expense Ratio Comparison

BNDY has a 0.66% expense ratio, which is higher than VTG's 0.03% expense ratio.

Dividends

BNDY vs. VTG - Dividend Comparison

BNDY's dividend yield for the trailing twelve months is around 4.82%, more than VTG's 3.20% yield.

Position	TTM	2025
BNDY Horizon Core Bond ETF	4.82%	1.89%
VTG Vanguard Total Treasury ETF	3.20%	1.65%

Frequently Asked Questions

Can I hold both BNDY and VTG in my portfolio?

BNDY and VTG have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BNDY or VTG?

On fees, VTG is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BNDY or VTG?

VTG is cheaper with a 0.03% expense ratio, compared with 0.66% for BNDY.

Which ETF pays a higher dividend yield, BNDY or VTG?

BNDY has the higher dividend yield at 4.82%, compared with 3.20% for VTG.

What is the main difference between BNDY and VTG?

They also come from different issuers: Horizon and Vanguard. Their fees differ too: 0.66% for BNDY and 0.03% for VTG.