GBND vs. BIV

Last updated Jun 5, 2026

GBND (Goldman Sachs Core Bond ETF) and BIV (Vanguard Intermediate-Term Bond Index ETF) are both Intermediate Core Bond funds. Their correlation of 0.93 suggests significant overlap in exposure. GBND charges 0.25%/yr vs 0.03%/yr for BIV.

Performance

GBND vs. BIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Core Bond ETF (GBND) and Vanguard Intermediate-Term Bond Index ETF (BIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GBND achieves a 0.36% return, which is significantly higher than BIV's -0.11% return.

GBND

• 1D: 0.15%
• 1M: 0.18%
• YTD: 0.36%
• 6M: 0.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BIV

• 1D: 0.13%
• 1M: 0.04%
• YTD: -0.11%
• 6M: -0.10%
• 1Y: 4.33%
• 3Y*: 4.34%
• 5Y*: 0.28%
• 10Y*: 1.93%

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

GBND vs. BIV - Yearly Performance Comparison

	2026 (YTD)	2025
GBND Goldman Sachs Core Bond ETF	0.36%	3.49%
BIV Vanguard Intermediate-Term Bond Index ETF	-0.11%	3.27%

Correlation

The correlation between GBND and BIV is 0.93, 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 Jun 27, 2025	0.93

Return for Risk

GBND vs. BIV — Risk / Return Rank

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

BIV

BIV Risk / Return Rank: 30
BIV Sharpe Ratio Rank: 31
BIV Sortino Ratio Rank: 30
BIV Omega Ratio Rank: 28
BIV Calmar Ratio Rank: 29
BIV Martin Ratio Rank: 29

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.

GBND vs. BIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Core Bond ETF (GBND) and Vanguard Intermediate-Term Bond Index ETF (BIV). 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

	GBND	BIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.08	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.04	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	0.65	+0.50

Drawdowns

GBND vs. BIV - Drawdown Comparison

The maximum GBND drawdown since its inception was -2.76%, smaller than the maximum BIV drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for GBND and BIV.

Drawdown Indicators

	GBND	BIV	Difference
Max Drawdown Largest peak-to-trough decline	-2.76%	-18.95%	+16.19%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.18%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.07%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-18.95%	—
Current Drawdown Current decline from peak	-1.38%	-1.91%	+0.53%
Average Drawdown Average peak-to-trough decline	-0.64%	-3.39%	+2.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.05%	—

Volatility

Volatility by Period

	GBND	BIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.61%	4.06%	-0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.61%	6.40%	-2.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.61%	5.50%	-1.89%

GBND vs. BIV - Expense Ratio Comparison

GBND has a 0.25% expense ratio, which is higher than BIV'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

GBND vs. BIV - Dividend Comparison

GBND's dividend yield for the trailing twelve months is around 3.45%, less than BIV's 4.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIV Vanguard Intermediate-Term Bond Index ETF	4.21%	4.01%	3.79%	3.09%	2.41%	3.42%	2.95%	2.75%	2.88%	2.69%	3.01%	3.02%
GBND Goldman Sachs Core Bond ETF	3.45%	2.20%	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 GBND and BIV in my portfolio?

With a correlation of 0.93, GBND and BIV 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, GBND or BIV?

On fees, BIV 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, GBND or BIV?

BIV is cheaper with a 0.03% expense ratio, compared with 0.25% for GBND.

Which ETF pays a higher dividend yield, GBND or BIV?

BIV has the higher dividend yield at 4.21%, compared with 3.45% for GBND.

What is the main difference between GBND and BIV?

They also come from different issuers: Goldman Sachs and Vanguard. Their fees differ too: 0.25% for GBND and 0.03% for BIV.