VBLIX vs. BND
Compare and contrast key facts about Vanguard Long-Term Bond Index Fund Institutional Plus (VBLIX) and Vanguard Total Bond Market ETF (BND).
VBLIX is managed by Vanguard. It was launched on Oct 6, 2011. 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
VBLIX vs. BND - Performance Comparison
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VBLIX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBLIX Vanguard Long-Term Bond Index Fund Institutional Plus | -1.15% | 6.61% | -4.11% | 6.78% | -27.20% | -3.08% | 16.29% | 19.16% | -4.70% | 10.90% |
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, VBLIX achieves a -1.15% return, which is significantly lower than BND's 0.05% return. Over the past 10 years, VBLIX has underperformed BND with an annualized return of 0.98%, while BND has yielded a comparatively higher 1.67% annualized return.
VBLIX
- 1D
- 1.17%
- 1M
- -4.16%
- YTD
- -1.15%
- 6M
- -1.39%
- 1Y
- 1.64%
- 3Y*
- 0.52%
- 5Y*
- -3.09%
- 10Y*
- 0.98%
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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VBLIX vs. BND - Expense Ratio Comparison
VBLIX has a 0.04% 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
VBLIX vs. BND — Risk / Return Rank
VBLIX
BND
VBLIX vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Bond Index Fund Institutional Plus (VBLIX) 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.
| VBLIX | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.29 | 0.99 | -0.70 |
Sortino ratioReturn per unit of downside risk | 0.45 | 1.41 | -0.96 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.18 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.54 | 1.81 | -1.27 |
Martin ratioReturn relative to average drawdown | 1.32 | 4.98 | -3.66 |
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
| VBLIX | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.29 | 0.99 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | 0.04 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | 0.30 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.59 | -0.37 |
Correlation
The correlation between VBLIX and BND is 0.90, 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
VBLIX vs. BND - Dividend Comparison
VBLIX's dividend yield for the trailing twelve months is around 4.37%, more than BND's 3.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBLIX Vanguard Long-Term Bond Index Fund Institutional Plus | 4.37% | 4.67% | 4.64% | 3.42% | 4.17% | 2.89% | 5.85% | 3.63% | 3.83% | 3.71% | 4.20% | 5.00% |
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
VBLIX vs. BND - Drawdown Comparison
The maximum VBLIX drawdown since its inception was -38.61%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for VBLIX and BND.
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Drawdown Indicators
| VBLIX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.61% | -18.58% | -20.03% |
Max Drawdown (1Y)Largest decline over 1 year | -6.87% | -2.44% | -4.43% |
Max Drawdown (5Y)Largest decline over 5 years | -36.49% | -17.91% | -18.58% |
Max Drawdown (10Y)Largest decline over 10 years | -38.61% | -18.58% | -20.03% |
Current DrawdownCurrent decline from peak | -25.94% | -2.58% | -23.36% |
Average DrawdownAverage peak-to-trough decline | -11.34% | -3.07% | -8.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 0.89% | +1.92% |
Volatility
VBLIX vs. BND - Volatility Comparison
Vanguard Long-Term Bond Index Fund Institutional Plus (VBLIX) has a higher volatility of 3.47% compared to Vanguard Total Bond Market ETF (BND) at 1.63%. This indicates that VBLIX'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
| VBLIX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 1.63% | +1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 5.53% | 2.52% | +3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.56% | 4.30% | +5.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.89% | 6.00% | +6.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.58% | 5.52% | +6.06% |