BOND vs. BND
BOND (PIMCO Active Bond ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - BOND is a Intermediate Core-Plus Bond fund actively managed by PIMCO, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. BOND is actively managed, while BND is passively managed. Over the past 10 years, BOND returned 2.11%/yr vs 1.55%/yr for BND. Their correlation of 0.85 suggests significant overlap in exposure. BOND charges 0.54%/yr vs 0.03%/yr for BND.
Performance
BOND vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, BOND achieves a 0.29% return, which is significantly higher than BND's 0.15% return. Over the past 10 years, BOND has outperformed BND with an annualized return of 2.11%, while BND has yielded a comparatively lower 1.55% annualized return.
BOND
- 1D
- 0.32%
- 1M
- -0.54%
- YTD
- 0.29%
- 6M
- 0.94%
- 1Y
- 6.45%
- 3Y*
- 5.02%
- 5Y*
- 0.37%
- 10Y*
- 2.11%
BND
- 1D
- 0.22%
- 1M
- -0.45%
- YTD
- 0.15%
- 6M
- 0.52%
- 1Y
- 4.93%
- 3Y*
- 3.96%
- 5Y*
- -0.04%
- 10Y*
- 1.55%
BOND vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 0.29% | 8.39% | 2.77% | 6.48% | -14.57% | -0.77% | 7.80% | 8.54% | 0.08% | 4.76% |
BND Vanguard Total Bond Market ETF | 0.15% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between BOND and BND is 0.98 - 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 (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2012 | 0.85 |
The correlation between BOND and BND shifts across timeframes, from 0.85 (all time) to 0.98 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BOND vs. BND — Risk / Return Rank
BOND
BND
BOND vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Active Bond ETF (BOND) 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.
| BOND | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 1.85 | +0.30 |
| Martin ratioReturn relative to average drawdown | 6.68 | 5.46 | +1.22 |
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
| BOND | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.33 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | -0.01 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.28 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.59 | +0.04 |
Drawdowns
BOND vs. BND - Drawdown Comparison
The maximum BOND drawdown since its inception was -19.71%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for BOND and BND.
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Drawdown Indicators
| BOND | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.71% | -18.58% | -1.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -2.68% | -0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -6.12% | -5.92% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -17.91% | -1.80% |
Max Drawdown (10Y)Largest decline over 10 years | -19.71% | -18.58% | -1.13% |
Current DrawdownCurrent decline from peak | -1.75% | -2.49% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -3.06% | -0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.91% | +0.06% |
Volatility
BOND vs. BND - Volatility Comparison
PIMCO Active Bond ETF (BOND) has a higher volatility of 1.44% compared to Vanguard Total Bond Market ETF (BND) at 1.19%. This indicates that BOND'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
| BOND | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.19% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 2.70% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.94% | 3.72% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.77% | 6.02% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.09% | 5.53% | -0.44% |
BOND vs. BND - Expense Ratio Comparison
BOND has a 0.54% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
BOND vs. BND - Dividend Comparison
BOND's dividend yield for the trailing twelve months is around 5.20%, more than BND's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.97% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
BOND PIMCO Active Bond ETF | 5.20% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
Frequently Asked Questions
With a correlation of 0.98, BOND 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.
BOND has higher volatility (1.44%) compared to BND (1.19%). In terms of maximum drawdown, BOND dropped -19.71% vs BND's -18.58%.
On 10-year performance, BOND leads with 2.11% vs 1.55% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BOND has performed better with a 2.11% return vs 1.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.54% for BOND.
BOND has the higher dividend yield at 5.20%, compared with 3.97% for BND.
BOND is categorized as Intermediate Core-Plus Bond, while BND is Total Bond Market. They also come from different issuers: PIMCO and Vanguard. Their fees differ too: 0.54% for BOND and 0.03% for BND.
BOND currently has the higher Sharpe Ratio (1.64 vs 1.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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