BTC-USD vs. BND
BTC-USD (Bitcoin) is a cryptocurrency, while BND (Vanguard Total Bond Market ETF) is Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Over the past 10 years, BTC-USD returned 59.37%/yr vs 1.56%/yr for BND. At a 0.03 correlation, their price movements are largely independent.
Performance
BTC-USD vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -29.97% return, which is significantly lower than BND's -0.05% return. Over the past 10 years, BTC-USD has outperformed BND with an annualized return of 59.37%, while BND has yielded a comparatively lower 1.56% annualized return.
BTC-USD
- 1D
- -3.97%
- 1M
- -24.76%
- YTD
- -29.97%
- 6M
- -31.42%
- 1Y
- -39.67%
- 3Y*
- 31.02%
- 5Y*
- 11.35%
- 10Y*
- 59.37%
BND
- 1D
- -0.45%
- 1M
- -0.64%
- YTD
- -0.05%
- 6M
- 0.11%
- 1Y
- 4.33%
- 3Y*
- 3.80%
- 5Y*
- 0.02%
- 10Y*
- 1.56%
BTC-USD vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -29.97% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
BND Vanguard Total Bond Market ETF | -0.05% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between BTC-USD and BND is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2012 | 0.03 |
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Return for Risk
BTC-USD vs. BND — Risk / Return Rank
BTC-USD
BND
BTC-USD vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) 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.
| BTC-USD | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.08 | ||
| Sortino ratioReturn per unit of downside risk | -3.00 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.20 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 1.62 | -2.40 |
| Martin ratioReturn relative to average drawdown | -1.39 | 4.86 | -6.26 |
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
| BTC-USD | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.93 | 1.16 | -2.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.00 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.28 | +0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.58 | +0.54 |
Drawdowns
BTC-USD vs. BND - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for BTC-USD and BND.
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Drawdown Indicators
| BTC-USD | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -18.58% | -66.72% |
Max Drawdown (1Y)Largest decline over 1 year | -50.87% | -2.68% | -48.19% |
Max Drawdown (3Y)Largest decline over 3 years | -50.87% | -5.92% | -44.95% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -17.91% | -58.76% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -18.58% | -65.22% |
Current DrawdownCurrent decline from peak | -50.87% | -2.67% | -48.20% |
Average DrawdownAverage peak-to-trough decline | -42.29% | -3.06% | -39.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.02% | 0.89% | +33.13% |
Volatility
BTC-USD vs. BND - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 10.54% compared to Vanguard Total Bond Market ETF (BND) at 1.23%. This indicates that BTC-USD'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
| BTC-USD | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.54% | 1.23% | +9.31% |
Volatility (6M)Calculated over the trailing 6-month period | 34.26% | 2.70% | +31.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.65% | 3.76% | +31.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.98% | 6.02% | +38.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.70% | 5.53% | +51.17% |
Frequently Asked Questions
BTC-USD and BND have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (10.54%) compared to BND (1.23%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs BND's -18.58%.
BND currently has the higher Sharpe Ratio (1.16 vs -0.93), 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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