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IGV vs. BND
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IGV vs. BND

Last updated Jun 9, 2026

IGV (iShares Expanded Tech-Software Sector ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - IGV is a Technology Equities fund tracking the S&P North American Expanded Technology Software Index, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 10 years, IGV returned 16.44%/yr vs 1.53%/yr for BND. At a correlation of -0.09, they often move in opposite directions. IGV charges 0.39%/yr vs 0.03%/yr for BND.

Performance

IGV vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Expanded Tech-Software Sector ETF (IGV) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IGV achieves a -9.50% return, which is significantly lower than BND's -0.07% return. Over the past 10 years, IGV has outperformed BND with an annualized return of 16.44%, while BND has yielded a comparatively lower 1.53% annualized return.

IGV

1D
-0.21%
1M
4.94%
YTD
-9.50%
6M
-12.57%
1Y
-9.75%
3Y*
13.14%
5Y*
5.60%
10Y*
16.44%

BND

1D
-0.03%
1M
-0.67%
YTD
-0.07%
6M
0.23%
1Y
4.87%
3Y*
3.89%
5Y*
-0.05%
10Y*
1.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IGV vs. BND - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IGV
iShares Expanded Tech-Software Sector ETF		-9.50%5.56%23.41%58.56%-35.65%12.30%52.86%34.33%12.44%42.16%
BND
Vanguard Total Bond Market ETF		-0.07%7.08%1.38%5.65%-13.11%-1.86%7.71%8.84%-0.12%3.57%

Correlation

The correlation between IGV and BND is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.16

Correlation (3Y)
Calculated over the trailing 3-year period

0.15

Correlation (5Y)
Calculated over the trailing 5-year period

0.17

Correlation (10Y)
Calculated over the trailing 10-year period

0.09

Correlation (All Time)
Calculated using the full available price history since Apr 11, 2007

-0.09

The correlation between IGV and BND shifts across timeframes, from -0.09 (all time) to 0.17 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Expanded Tech-Software Sector ETF

Vanguard Total Bond Market ETF

Often compared with IGV:
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Often compared with BND:
BND vs. BNDXBND vs. FXNAXBND vs. AGGBND vs. FBNDBND vs. BNDWBND vs. TLTBND vs. VBTLX

Return for Risk

IGV vs. BND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IGV
IGV Risk / Return Rank: 77
Overall Rank
IGV Sharpe Ratio Rank: 66
Sharpe Ratio Rank
IGV Sortino Ratio Rank: 66
Sortino Ratio Rank
IGV Omega Ratio Rank: 66
Omega Ratio Rank
IGV Calmar Ratio Rank: 77
Calmar Ratio Rank
IGV Martin Ratio Rank: 77
Martin Ratio Rank
BND
BND Risk / Return Rank: 4040
Overall Rank
BND Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
BND Sortino Ratio Rank: 4343
Sortino Ratio Rank
BND Omega Ratio Rank: 3838
Omega Ratio Rank
BND Calmar Ratio Rank: 4040
Calmar Ratio Rank
BND Martin Ratio Rank: 3838
Martin Ratio Rank
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.

IGV vs. BND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) 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.

IGVBNDDifference
Sharpe ratioReturn per unit of total volatility
-0.35
1.32

-1.67

Sortino ratioReturn per unit of downside risk
-0.31
1.96

-2.27

Omega ratioGain probability vs. loss probability

0.96

1.23

-0.27

Calmar ratioReturn relative to maximum drawdown

-0.27

1.83

-2.09

Martin ratioReturn relative to average drawdown

-0.56

5.43

-5.99

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGV vs. BND - Sharpe Ratio Comparison

The current IGV Sharpe Ratio is -0.35, which is lower than the BND Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of IGV and BND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IGVBNDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.35

1.32

-1.67

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.20

-0.01

+0.21

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

0.28

+0.35

Sharpe Ratio (All Time)

Calculated using the full available price history

0.36

0.58

-0.22

Drawdowns

IGV vs. BND - Drawdown Comparison

The maximum IGV drawdown since its inception was -63.45%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for IGV and BND.

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Drawdown Indicators

IGVBNDDifference

Max Drawdown

Largest peak-to-trough decline

-63.45%

-18.58%

-44.87%

Max Drawdown (1Y)

Largest decline over 1 year

-36.61%

-2.68%

-33.93%

Max Drawdown (3Y)

Largest decline over 3 years

-36.61%

-5.92%

-30.69%

Max Drawdown (5Y)

Largest decline over 5 years

-45.85%

-17.91%

-27.94%

Max Drawdown (10Y)

Largest decline over 10 years

-45.85%

-18.58%

-27.27%

Current Drawdown

Current decline from peak

-18.80%

-2.70%

-16.10%

Average Drawdown

Average peak-to-trough decline

-14.45%

-3.06%

-11.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

17.33%

0.90%

+16.43%

Volatility

IGV vs. BND - Volatility Comparison

iShares Expanded Tech-Software Sector ETF (IGV) has a higher volatility of 12.20% compared to Vanguard Total Bond Market ETF (BND) at 1.20%. This indicates that IGV'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

IGVBNDDifference

Volatility (1M)

Calculated over the trailing 1-month period

12.20%

1.20%

+11.00%

Volatility (6M)

Calculated over the trailing 6-month period

24.65%

2.69%

+21.96%

Volatility (1Y)

Calculated over the trailing 1-year period

27.93%

3.72%

+24.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.90%

6.02%

+21.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.38%

5.53%

+20.85%

IGV vs. BND - Expense Ratio Comparison

IGV has a 0.39% expense ratio, which is higher than BND's 0.03% expense ratio.

Dividends

IGV vs. BND - Dividend Comparison

IGV has not paid dividends to shareholders, while BND's dividend yield for the trailing twelve months is around 3.98%.

PositionTTM20252024202320222021202020192018201720162015
BND
Vanguard Total Bond Market ETF		3.98%3.86%3.67%3.09%2.60%2.12%2.38%2.72%2.81%2.54%2.51%2.57%
IGV
iShares Expanded Tech-Software Sector ETF		0.00%0.00%0.00%0.01%0.01%0.00%0.35%0.02%0.16%0.09%0.82%0.22%

Frequently Asked Questions

IGV and BND have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IGV has higher volatility (12.20%) compared to BND (1.20%). In terms of maximum drawdown, IGV dropped -63.45% vs BND's -18.58%.

On 10-year performance, IGV leads with 16.44% vs 1.53% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IGV has performed better with a 16.44% return vs 1.53%. 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 0.39% for IGV.

BND has the higher dividend yield at 3.98%, compared with 0.00% for IGV.

IGV is categorized as Technology Equities, while BND is Total Bond Market. IGV tracks S&P North American Expanded Technology Software Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.39% for IGV and 0.03% for BND.

BND currently has the higher Sharpe Ratio (1.32 vs -0.35), 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.

Portfolio Optimizer

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