UNH vs. BND
UNH (UnitedHealth Group Incorporated) is a stock, while BND (Vanguard Total Bond Market ETF) is Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Over the past 10 years, UNH returned 13.22%/yr vs 1.43%/yr for BND. At a correlation of -0.10, they often move in opposite directions.
Performance
UNH vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, UNH achieves a 29.43% return, which is significantly higher than BND's 0.08% return. Over the past 10 years, UNH has outperformed BND with an annualized return of 13.22%, while BND has yielded a comparatively lower 1.43% annualized return.
UNH
- 1D
- -1.07%
- 1M
- 5.14%
- 6M
- 29.07%
- YTD
- 29.43%
- 1Y
- 53.14%
- 3Y*
- -4.02%
- 5Y*
- 2.11%
- 10Y*
- 13.22%
- ALL TIME*
- 23.05%
BND
- 1D
- -0.25%
- 1M
- -0.57%
- 6M
- -0.09%
- YTD
- 0.08%
- 1Y
- 3.77%
- 3Y*
- 3.82%
- 5Y*
- -0.23%
- 10Y*
- 1.43%
- ALL TIME*
- 3.03%
UNH vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UNH UnitedHealth Group Incorporated | 29.43% | -33.14% | -2.41% | 0.80% | 6.94% | 45.20% | 21.25% | 20.00% | 14.52% | 39.83% |
BND Vanguard Total Bond Market ETF | 0.08% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between UNH and BND is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007 | -0.10 |
The correlation between UNH and BND shifts across timeframes, from -0.10 (all time) to 0.08 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UNH vs. BND — Risk / Return Rank
UNH
BND
UNH vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UnitedHealth Group Incorporated (UNH) 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.
| UNH | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.18 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.41 | +0.43 |
| Martin ratioReturn relative to average drawdown | 4.38 | 3.81 | +0.57 |
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Drawdowns
UNH vs. BND - Drawdown Comparison
The maximum UNH drawdown since its inception was -74.37%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for UNH and BND.
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Drawdown Indicators
| UNH | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.37% | -18.58% | -55.79% |
Max Drawdown (1Y)Largest decline over 1 year | -28.96% | -2.68% | -26.28% |
Max Drawdown (3Y)Largest decline over 3 years | -61.39% | -5.59% | -55.80% |
Max Drawdown (5Y)Largest decline over 5 years | -61.39% | -17.91% | -43.48% |
Max Drawdown (10Y)Largest decline over 10 years | -61.39% | -18.58% | -42.81% |
Current DrawdownCurrent decline from peak | -29.72% | -2.55% | -27.17% |
Average DrawdownAverage peak-to-trough decline | -14.81% | -3.06% | -11.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.16% | 0.99% | +11.17% |
Volatility
UNH vs. BND - Volatility Comparison
UnitedHealth Group Incorporated (UNH) has a higher volatility of 7.16% compared to Vanguard Total Bond Market ETF (BND) at 1.08%. This indicates that UNH'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
| UNH | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.16% | 1.08% | +6.08% |
Volatility (6M)Calculated over the trailing 6-month period | 31.06% | 2.87% | +28.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.54% | 3.72% | +35.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.99% | 6.03% | +25.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.27% | 5.53% | +24.74% |
Dividends
UNH vs. BND - Dividend Comparison
UNH's dividend yield for the trailing twelve months is around 2.12%, less than BND's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 4.00% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
UNH UnitedHealth Group Incorporated | 2.12% | 2.64% | 1.62% | 1.38% | 1.21% | 1.12% | 1.38% | 1.41% | 1.38% | 1.30% | 1.48% | 1.59% |
Frequently Asked Questions
UNH and BND have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UNH has higher volatility (7.16%) compared to BND (1.08%). In terms of maximum drawdown, UNH dropped -74.37% vs BND's -18.58%.
UNH currently has the higher Sharpe Ratio (1.35 vs 1.02), 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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