IWN vs. BND
IWN (iShares Russell 2000 Value ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - IWN is a Small Cap Value Equities fund tracking the Russell 2000 Value 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, IWN returned 10.58%/yr vs 1.58%/yr for BND. At a correlation of -0.15, they often move in opposite directions. IWN charges 0.24%/yr vs 0.03%/yr for BND.
Performance
IWN vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, IWN achieves a 20.82% return, which is significantly higher than BND's 0.52% return. Over the past 10 years, IWN has outperformed BND with an annualized return of 10.58%, while BND has yielded a comparatively lower 1.58% annualized return.
IWN
- 1D
- 1.17%
- 1M
- 6.00%
- YTD
- 20.82%
- 6M
- 17.48%
- 1Y
- 44.79%
- 3Y*
- 17.41%
- 5Y*
- 6.89%
- 10Y*
- 10.58%
BND
- 1D
- -0.12%
- 1M
- 1.03%
- YTD
- 0.52%
- 6M
- 0.91%
- 1Y
- 4.77%
- 3Y*
- 4.17%
- 5Y*
- 0.03%
- 10Y*
- 1.58%
IWN vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWN iShares Russell 2000 Value ETF | 20.82% | 12.40% | 7.63% | 14.56% | -14.77% | 27.96% | 4.66% | 22.01% | -13.01% | 7.69% |
BND Vanguard Total Bond Market ETF | 0.52% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between IWN and BND is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007 | -0.15 |
The correlation between IWN and BND shifts across timeframes, from -0.15 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IWN vs. BND — Risk / Return Rank
IWN
BND
IWN vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 Value ETF (IWN) 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.
| IWN | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.21 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 5.02 | 1.65 | +3.37 |
| Martin ratioReturn relative to average drawdown | 16.91 | 4.81 | +12.11 |
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Drawdowns
IWN vs. BND - Drawdown Comparison
The maximum IWN drawdown since its inception was -61.55%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for IWN and BND.
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Drawdown Indicators
| IWN | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.55% | -18.58% | -42.97% |
Max Drawdown (1Y)Largest decline over 1 year | -8.45% | -2.68% | -5.77% |
Max Drawdown (3Y)Largest decline over 3 years | -26.70% | -5.92% | -20.78% |
Max Drawdown (5Y)Largest decline over 5 years | -26.70% | -17.91% | -8.79% |
Max Drawdown (10Y)Largest decline over 10 years | -46.08% | -18.58% | -27.50% |
Current DrawdownCurrent decline from peak | 0.00% | -2.12% | +2.12% |
Average DrawdownAverage peak-to-trough decline | -10.15% | -3.06% | -7.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 0.92% | +1.59% |
Volatility
IWN vs. BND - Volatility Comparison
iShares Russell 2000 Value ETF (IWN) has a higher volatility of 5.80% compared to Vanguard Total Bond Market ETF (BND) at 1.28%. This indicates that IWN'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
| IWN | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.80% | 1.28% | +4.52% |
Volatility (6M)Calculated over the trailing 6-month period | 12.25% | 2.74% | +9.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.09% | 3.75% | +14.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.47% | 6.03% | +15.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.41% | 5.53% | +17.88% |
IWN vs. BND - Expense Ratio Comparison
IWN has a 0.24% 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
IWN vs. BND - Dividend Comparison
IWN's dividend yield for the trailing twelve months is around 1.42%, less than BND's 3.96% yield.
| 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% |
IWN iShares Russell 2000 Value ETF | 1.42% | 1.70% | 1.80% | 2.04% | 2.12% | 1.48% | 1.60% | 1.92% | 1.99% | 1.78% | 1.74% | 2.15% |
Frequently Asked Questions
IWN and BND have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWN has higher volatility (5.80%) compared to BND (1.28%). In terms of maximum drawdown, IWN dropped -61.55% vs BND's -18.58%.
On 10-year performance, IWN leads with 10.58% vs 1.58% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IWN has performed better with a 10.58% return vs 1.58%. 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 0.24% for IWN.
BND has the higher dividend yield at 3.96%, compared with 1.42% for IWN.
IWN is categorized as Small Cap Value Equities, while BND is Total Bond Market. IWN tracks Russell 2000 Value Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.24% for IWN and 0.03% for BND.
IWN currently has the higher Sharpe Ratio (2.35 vs 1.18), 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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