V vs. BND

Last updated Jun 9, 2026

V (Visa Inc.) 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, V returned 15.64%/yr vs 1.53%/yr for BND. At a correlation of -0.09, they often move in opposite directions.

Performance

V vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Visa Inc. (V) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, V achieves a -8.47% return, which is significantly lower than BND's -0.07% return. Over the past 10 years, V has outperformed BND with an annualized return of 15.64%, while BND has yielded a comparatively lower 1.53% annualized return.

V

• 1D: -1.21%
• 1M: 0.48%
• YTD: -8.47%
• 6M: -1.79%
• 1Y: -12.97%
• 3Y*: 13.52%
• 5Y*: 7.39%
• 10Y*: 15.64%

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)

V vs. BND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
V Visa Inc.	-8.47%	11.76%	22.32%	26.31%	-3.40%	-0.31%	17.12%	43.33%	16.49%	47.18%
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 V and BND is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.04
Correlation (All Time) Calculated using the full available price history since Mar 20, 2008	-0.09

The correlation between V and BND shifts across timeframes, from -0.09 (all time) to 0.15 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

V vs. BND — Risk / Return Rank

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

V

V Risk / Return Rank: 17
V Sharpe Ratio Rank: 16
V Sortino Ratio Rank: 16
V Omega Ratio Rank: 17
V Calmar Ratio Rank: 18
V Martin Ratio Rank: 16

BND

BND Risk / Return Rank: 40
BND Sharpe Ratio Rank: 41
BND Sortino Ratio Rank: 43
BND Omega Ratio Rank: 38
BND Calmar Ratio Rank: 40
BND Martin Ratio Rank: 38

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.

V vs. BND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Visa Inc. (V) 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.

	V	BND	Difference
Sharpe ratio: Return per unit of total volatility	-0.58	1.32	-1.90
Sortino ratio: Return per unit of downside risk	-0.72	1.96	-2.68
Omega ratio: Gain probability vs. loss probability	0.91	1.23	-0.32
Calmar ratio: Return relative to maximum drawdown	-0.64	1.83	-2.47
Martin ratio: Return relative to average drawdown	-1.18	5.43	-6.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

V vs. BND - Sharpe Ratio Comparison

The current V Sharpe Ratio is -0.58, which is lower than the BND Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of V 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.

Sharpe Ratios by Period

	V	BND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.58	1.32	-1.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	-0.01	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.28	+0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.58	+0.11

Drawdowns

V vs. BND - Drawdown Comparison

The maximum V drawdown since its inception was -51.90%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for V and BND.

Drawdown Indicators

	V	BND	Difference
Max Drawdown Largest peak-to-trough decline	-51.90%	-18.58%	-33.32%
Max Drawdown (1Y) Largest decline over 1 year	-20.38%	-2.68%	-17.70%
Max Drawdown (3Y) Largest decline over 3 years	-20.38%	-5.92%	-14.46%
Max Drawdown (5Y) Largest decline over 5 years	-28.60%	-17.91%	-10.69%
Max Drawdown (10Y) Largest decline over 10 years	-36.36%	-18.58%	-17.78%
Current Drawdown Current decline from peak	-13.69%	-2.70%	-10.99%
Average Drawdown Average peak-to-trough decline	-8.26%	-3.06%	-5.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.03%	0.90%	+10.13%

Volatility

V vs. BND - Volatility Comparison

Visa Inc. (V) has a higher volatility of 5.74% compared to Vanguard Total Bond Market ETF (BND) at 1.20%. This indicates that V'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.

Volatility by Period

	V	BND	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.74%	1.20%	+4.54%
Volatility (6M) Calculated over the trailing 6-month period	17.50%	2.69%	+14.81%
Volatility (1Y) Calculated over the trailing 1-year period	22.32%	3.72%	+18.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.80%	6.02%	+16.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.47%	5.53%	+18.94%

Dividends

V vs. BND - Dividend Comparison

V's dividend yield for the trailing twelve months is around 0.81%, less than BND's 3.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
V Visa Inc.	0.81%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%

Frequently Asked Questions

Can I hold both V and BND in my portfolio?

V and BND have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, V or BND?

V has higher volatility (5.74%) compared to BND (1.20%). In terms of maximum drawdown, V dropped -51.90% vs BND's -18.58%.

Which has better risk-adjusted returns?

BND currently has the higher Sharpe Ratio (1.32 vs -0.58), 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.