CPAG vs. BND

Last updated Jun 24, 2026

CPAG (F/m Compoundr U.S. Aggregate Bond ETF) and BND (Vanguard Total Bond Market ETF) are both Total Bond Market funds - CPAG tracks the Nasdaq Compoundr U.S. Aggregate Bond Index while BND tracks the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. With a 0.99 correlation, they move nearly in lockstep. CPAG charges 0.31%/yr vs 0.03%/yr for BND.

Performance

CPAG vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in F/m Compoundr U.S. Aggregate Bond ETF (CPAG) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPAG achieves a 0.18% return, which is significantly lower than BND's 0.49% return.

CPAG

• 1D: 0.08%
• 1M: 0.53%
• YTD: 0.18%
• 6M: 0.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BND

• 1D: 0.11%
• 1M: 0.64%
• YTD: 0.49%
• 6M: 0.57%
• 1Y: 4.23%
• 3Y*: 3.96%
• 5Y*: 0.05%
• 10Y*: 1.56%

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

CPAG vs. BND - Yearly Performance Comparison

	2026 (YTD)	2025
CPAG F/m Compoundr U.S. Aggregate Bond ETF	0.18%	2.26%
BND Vanguard Total Bond Market ETF	0.49%	2.47%

Correlation

The correlation between CPAG and BND is 0.99 - 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 (All Time) Calculated using the full available price history since Aug 12, 2025	0.99

Return for Risk

CPAG vs. BND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CPAG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BND

BND Risk / Return Rank: 32
BND Sharpe Ratio Rank: 32
BND Sortino Ratio Rank: 33
BND Omega Ratio Rank: 30
BND Calmar Ratio Rank: 33
BND Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CPAG vs. BND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Compoundr U.S. Aggregate Bond ETF (CPAG) 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.

	CPAG	BND	Difference
Sharpe ratio: Return per unit of total volatility	—	1.14	—
Sortino ratio: Return per unit of downside risk	—	1.70	—
Omega ratio: Gain probability vs. loss probability	—	1.20	—
Calmar ratio: Return relative to maximum drawdown	—	1.59	—
Martin ratio: Return relative to average drawdown	—	4.52	—

Drawdowns

CPAG vs. BND - Drawdown Comparison

The maximum CPAG drawdown since its inception was -2.78%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for CPAG and BND.

Drawdown Indicators

	CPAG	BND	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-18.58%	+15.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.68%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.92%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.91%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-18.58%	—
Current Drawdown Current decline from peak	-1.48%	-2.15%	+0.67%
Average Drawdown Average peak-to-trough decline	-0.79%	-3.06%	+2.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.94%	—

Volatility

Volatility by Period

	CPAG	BND	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.77%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.70%	3.74%	-0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.70%	6.03%	-2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.70%	5.53%	-1.83%

CPAG vs. BND - Expense Ratio Comparison

CPAG has a 0.31% expense ratio, which is higher than BND's 0.03% expense ratio.

Dividends

CPAG vs. BND - Dividend Comparison

CPAG has not paid dividends to shareholders, while BND's dividend yield for the trailing twelve months is around 3.96%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BND Vanguard Total Bond Market ETF	3.96%	3.86%	3.67%	3.09%	2.60%	2.12%	2.38%	2.72%	2.81%	2.54%	2.51%	2.57%
CPAG F/m Compoundr U.S. Aggregate Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CPAG and BND in my portfolio?

With a correlation of 0.99, CPAG 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.

Which ETF is better, CPAG or BND?

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.

Which ETF is cheaper, CPAG or BND?

BND is cheaper with a 0.03% expense ratio, compared with 0.31% for CPAG.

Which ETF pays a higher dividend yield, CPAG or BND?

BND has the higher dividend yield at 3.96%, compared with 0.00% for CPAG.

What is the main difference between CPAG and BND?

CPAG tracks Nasdaq Compoundr U.S. Aggregate Bond Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: F/m Investments and Vanguard. Their fees differ too: 0.31% for CPAG and 0.03% for BND.