BTOT vs. BND
BTOT (iShares Total USD Fixed Income Market ETF) and BND (Vanguard Total Bond Market ETF) are both Total Bond Market funds - BTOT tracks the Bloomberg US Total Fixed Income Market Index while BND tracks the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Their 0.97 correlation means they have historically moved very closely together. BTOT charges 0.09%/yr vs 0.03%/yr for BND.
Performance
BTOT vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, BTOT achieves a 0.32% return, which is significantly higher than BND's 0.13% return.
BTOT
- 1D
- 0.05%
- 1M
- -0.54%
- 6M
- 0.26%
- YTD
- 0.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BND
- 1D
- 0.03%
- 1M
- -0.58%
- 6M
- 0.02%
- YTD
- 0.13%
- 1Y
- 2.32%
- 3Y*
- 4.19%
- 5Y*
- -0.20%
- 10Y*
- 1.44%
- ALL TIME*
- 3.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $518.24M | $512.19M | $593.29M | |
| $42.48K | $52.43K | $76.37K |
BTOT vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTOT iShares Total USD Fixed Income Market ETF | 0.32% | 0.12% |
BND Vanguard Total Bond Market ETF | 0.13% | 0.08% |
Correlation
The correlation between BTOT and BND is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | 0.97 |
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Return for Risk
BTOT vs. BND — Risk / Return Rank
BTOT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BND
BTOT vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Total USD Fixed Income Market ETF (BTOT) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BTOT | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.11 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.87 | — |
| Martin ratioReturn relative to average drawdown | — | 2.15 | — |
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Drawdowns
BTOT vs. BND - Drawdown Comparison
The maximum BTOT drawdown since its inception was -2.36%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for BTOT and BND.
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Drawdown Indicators
| BTOT | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.36% | -18.58% | +16.22% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.68% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -1.26% | -2.50% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -0.87% | -3.06% | +2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.08% | — |
Volatility
BTOT vs. BND - Volatility Comparison
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Volatility by Period
| BTOT | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.04% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.93% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.62% | 3.63% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.62% | 6.03% | -2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.62% | 5.53% | -1.91% |
BTOT vs. BND - Expense Ratio Comparison
BTOT has a 0.09% expense ratio, which is higher than BND's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BTOT vs. BND - Dividend Comparison
BTOT's dividend yield for the trailing twelve months is around 2.92%, less than BND's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 4.03% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
BTOT iShares Total USD Fixed Income Market ETF | 2.92% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, BTOT 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.
On fees, BND is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BND is cheaper with a 0.03% expense ratio, compared with 0.09% for BTOT.
BND has the higher dividend yield at 4.03%, compared with 2.92% for BTOT.
BTOT tracks Bloomberg US Total Fixed Income Market Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.09% for BTOT and 0.03% for BND.
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