OGVCX vs. BND

Last updated Apr 1, 2026

Compare and contrast key facts about JPMorgan Government Bond Fund Class C (OGVCX) and Vanguard Total Bond Market ETF (BND).

OGVCX is managed by JPMorgan. BND is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Aggregate Float Adjusted Index. It was launched on Apr 3, 2007.

Performance

OGVCX vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Government Bond Fund Class C (OGVCX) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

OGVCX vs. BND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OGVCX JPMorgan Government Bond Fund Class C	-0.52%	5.99%	0.61%	3.50%	-12.55%	-3.00%	5.95%	5.76%	-0.05%	1.45%
BND Vanguard Total Bond Market ETF	0.05%	7.08%	1.38%	5.65%	-13.11%	-1.86%	7.71%	8.84%	-0.12%	3.57%

Returns By Period

In the year-to-date period, OGVCX achieves a -0.52% return, which is significantly lower than BND's 0.05% return. Over the past 10 years, OGVCX has underperformed BND with an annualized return of 0.36%, while BND has yielded a comparatively higher 1.67% annualized return.

OGVCX

• 1D: 0.52%
• 1M: -2.23%
• YTD: -0.52%
• 6M: 0.35%
• 1Y: 2.79%
• 3Y*: 2.27%
• 5Y*: -0.75%
• 10Y*: 0.36%

BND

• 1D: 0.22%
• 1M: -1.74%
• YTD: 0.05%
• 6M: 0.95%
• 1Y: 4.24%
• 3Y*: 3.59%
• 5Y*: 0.24%
• 10Y*: 1.67%

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

OGVCX vs. BND - Expense Ratio Comparison

OGVCX has a 1.39% expense ratio, which is higher than BND's 0.03% expense ratio.

OGVCX

JPMorgan Government Bond Fund Class C

BND

Vanguard Total Bond Market ETF

Return for Risk

OGVCX vs. BND — Risk / Return Rank

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

OGVCX

OGVCX Risk / Return Rank: 34
OGVCX Sharpe Ratio Rank: 31
OGVCX Sortino Ratio Rank: 28
OGVCX Omega Ratio Rank: 22
OGVCX Calmar Ratio Rank: 57
OGVCX Martin Ratio Rank: 34

BND

BND Risk / Return Rank: 59
BND Sharpe Ratio Rank: 60
BND Sortino Ratio Rank: 58
BND Omega Ratio Rank: 49
BND Calmar Ratio Rank: 74
BND Martin Ratio Rank: 56

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.

OGVCX vs. BND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Government Bond Fund Class C (OGVCX) 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.

	OGVCX	BND	Difference
Sharpe ratio Return per unit of total volatility	0.72	0.99	-0.27
Sortino ratio Return per unit of downside risk	1.05	1.41	-0.36
Omega ratio Gain probability vs. loss probability	1.13	1.18	-0.05
Calmar ratio Return relative to maximum drawdown	1.33	1.81	-0.48
Martin ratio Return relative to average drawdown	3.66	4.98	-1.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OGVCX vs. BND - Sharpe Ratio Comparison

The current OGVCX Sharpe Ratio is 0.72, which is comparable to the BND Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of OGVCX and BND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	OGVCX	BND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	0.99	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	0.04	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.08	0.30	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.59	-0.03

Correlation

The correlation between OGVCX and BND is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

OGVCX vs. BND - Dividend Comparison

OGVCX's dividend yield for the trailing twelve months is around 2.34%, less than BND's 3.91% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OGVCX JPMorgan Government Bond Fund Class C	2.34%	2.24%	2.10%	1.82%	1.21%	0.58%	0.95%	1.49%	1.57%	1.54%	1.76%	2.90%
BND Vanguard Total Bond Market ETF	3.91%	3.86%	3.67%	3.09%	2.60%	2.12%	2.38%	2.72%	2.81%	2.54%	2.51%	2.57%

Drawdowns

OGVCX vs. BND - Drawdown Comparison

The maximum OGVCX drawdown since its inception was -19.66%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for OGVCX and BND.

Drawdown Indicators

	OGVCX	BND	Difference
Max Drawdown Largest peak-to-trough decline	-19.66%	-18.58%	-1.08%
Max Drawdown (1Y) Largest decline over 1 year	-2.74%	-2.44%	-0.30%
Max Drawdown (5Y) Largest decline over 5 years	-18.01%	-17.91%	-0.10%
Max Drawdown (10Y) Largest decline over 10 years	-19.66%	-18.58%	-1.08%
Current Drawdown Current decline from peak	-7.96%	-2.58%	-5.38%
Average Drawdown Average peak-to-trough decline	-3.51%	-3.07%	-0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	0.89%	+0.11%

Volatility

OGVCX vs. BND - Volatility Comparison

The current volatility for JPMorgan Government Bond Fund Class C (OGVCX) is 1.44%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.63%. This indicates that OGVCX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OGVCX	BND	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.44%	1.63%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	2.56%	2.52%	+0.04%
Volatility (1Y) Calculated over the trailing 1-year period	4.17%	4.30%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.56%	6.00%	-0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.57%	5.52%	-0.95%