TFI vs. BND
Compare and contrast key facts about SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI) and Vanguard Total Bond Market ETF (BND).
TFI and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TFI is a passively managed fund by State Street that tracks the performance of the Bloomberg US Municipal Managed Money (1-25 Y). It was launched on Sep 11, 2007. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007. Both TFI and BND are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TFI or BND.
Key characteristics
| TFI | BND | |
|---|---|---|
| YTD Return | 0.34% | 2.21% |
| 1Y Return | 6.81% | 8.50% |
| 3Y Return (Ann) | -1.49% | -2.17% |
| 5Y Return (Ann) | 0.38% | -0.09% |
| 10Y Return (Ann) | 1.84% | 1.47% |
| Sharpe Ratio | 1.66 | 1.50 |
| Sortino Ratio | 2.44 | 2.21 |
| Omega Ratio | 1.33 | 1.26 |
| Calmar Ratio | 0.63 | 0.55 |
| Martin Ratio | 5.72 | 5.32 |
| Ulcer Index | 1.26% | 1.63% |
| Daily Std Dev | 4.35% | 5.81% |
| Max Drawdown | -15.49% | -18.84% |
| Current Drawdown | -5.46% | -8.62% |
Correlation
The correlation between TFI and BND is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TFI vs. BND - Performance Comparison
In the year-to-date period, TFI achieves a 0.34% return, which is significantly lower than BND's 2.21% return. Over the past 10 years, TFI has outperformed BND with an annualized return of 1.84%, while BND has yielded a comparatively lower 1.47% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TFI vs. BND - Expense Ratio Comparison
TFI has a 0.23% 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%.
Risk-Adjusted Performance
TFI vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI) 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.
Dividends
TFI vs. BND - Dividend Comparison
TFI's dividend yield for the trailing twelve months is around 2.94%, less than BND's 3.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF | 2.94% | 2.41% | 1.87% | 1.71% | 2.04% | 2.14% | 2.25% | 2.16% | 2.39% | 2.40% | 2.37% | 3.35% |
BND Vanguard Total Bond Market ETF | 3.55% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
TFI vs. BND - Drawdown Comparison
The maximum TFI drawdown since its inception was -15.49%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for TFI and BND. For additional features, visit the drawdowns tool.
Volatility
TFI vs. BND - Volatility Comparison
SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI) has a higher volatility of 2.15% compared to Vanguard Total Bond Market ETF (BND) at 1.68%. This indicates that TFI'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.