VBIL vs. BND
Compare and contrast key facts about Vanguard 0-3 Month Treasury Bill ETF (VBIL) and Vanguard Total Bond Market ETF (BND).
VBIL and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VBIL is a passively managed fund by Vanguard that tracks the performance of the Bloomberg US Treasury Bills 0-3 Months Index. It was launched on Feb 7, 2025. 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. Both VBIL 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.
Performance
VBIL vs. BND - Performance Comparison
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VBIL vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VBIL Vanguard 0-3 Month Treasury Bill ETF | 0.86% | 3.71% |
BND Vanguard Total Bond Market ETF | 0.05% | 6.25% |
Returns By Period
In the year-to-date period, VBIL achieves a 0.86% return, which is significantly higher than BND's 0.05% return.
VBIL
- 1D
- 0.03%
- 1M
- 0.30%
- YTD
- 0.86%
- 6M
- 1.88%
- 1Y
- 4.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
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VBIL vs. BND - Expense Ratio Comparison
VBIL has a 0.07% 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%.
Return for Risk
VBIL vs. BND — Risk / Return Rank
VBIL
BND
VBIL vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard 0-3 Month Treasury Bill ETF (VBIL) 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.
| VBIL | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 12.70 | 0.99 | +11.71 |
Sortino ratioReturn per unit of downside risk | 29.61 | 1.41 | +28.20 |
Omega ratioGain probability vs. loss probability | 12.58 | 1.18 | +11.41 |
Calmar ratioReturn relative to maximum drawdown | 44.01 | 1.81 | +42.20 |
Martin ratioReturn relative to average drawdown | 379.94 | 4.98 | +374.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VBIL | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 12.70 | 0.99 | +11.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.04 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 13.08 | 0.59 | +12.49 |
Correlation
The correlation between VBIL and BND is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
VBIL vs. BND - Dividend Comparison
VBIL's dividend yield for the trailing twelve months is around 3.67%, less than BND's 3.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBIL Vanguard 0-3 Month Treasury Bill ETF | 3.67% | 3.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
VBIL vs. BND - Drawdown Comparison
The maximum VBIL drawdown since its inception was -0.09%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for VBIL and BND.
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Drawdown Indicators
| VBIL | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.09% | -18.58% | +18.49% |
Max Drawdown (1Y)Largest decline over 1 year | -0.09% | -2.44% | +2.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.58% | +2.58% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -3.07% | +3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.89% | -0.88% |
Volatility
VBIL vs. BND - Volatility Comparison
The current volatility for Vanguard 0-3 Month Treasury Bill ETF (VBIL) is 0.07%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.63%. This indicates that VBIL 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.
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Volatility by Period
| VBIL | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.07% | 1.63% | -1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 0.16% | 2.52% | -2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.32% | 4.30% | -3.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.31% | 6.00% | -5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.31% | 5.52% | -5.21% |