VBND vs. BNDP

Last updated Jun 4, 2026

VBND (Vident U.S. Bond Strategy ETF) and BNDP (Vanguard Core-Plus Bond Index ETF) are both Intermediate Core-Plus Bond funds - VBND tracks the Vident Core U.S. Bond Strategy Index while BNDP tracks the Bloomberg U.S. Universal Float Adjusted Index. Both are passively managed. Their correlation of 0.85 suggests significant overlap in exposure. VBND charges 0.41%/yr vs 0.05%/yr for BNDP.

Performance

VBND vs. BNDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vident U.S. Bond Strategy ETF (VBND) and Vanguard Core-Plus Bond Index ETF (BNDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VBND achieves a 0.39% return, which is significantly higher than BNDP's 0.34% return.

VBND

• 1D: -0.16%
• 1M: 0.60%
• YTD: 0.39%
• 6M: 0.57%
• 1Y: 5.65%
• 3Y*: 4.74%
• 5Y*: 0.41%
• 10Y*: 1.58%

BNDP

• 1D: -0.08%
• 1M: 0.41%
• YTD: 0.34%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VBND vs. BNDP - Yearly Performance Comparison

	2026 (YTD)	2025
VBND Vident U.S. Bond Strategy ETF	0.39%	0.37%
BNDP Vanguard Core-Plus Bond Index ETF	0.34%	0.10%

Correlation

The correlation between VBND and BNDP is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 5, 2025	0.85

Return for Risk

VBND vs. BNDP — Risk / Return Rank

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

VBND

VBND Risk / Return Rank: 37
VBND Sharpe Ratio Rank: 36
VBND Sortino Ratio Rank: 38
VBND Omega Ratio Rank: 34
VBND Calmar Ratio Rank: 41
VBND Martin Ratio Rank: 35

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.

VBND vs. BNDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vident U.S. Bond Strategy ETF (VBND) and Vanguard Core-Plus Bond Index ETF (BNDP). 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.

	VBND	BNDP	Difference
Sharpe ratio Return per unit of total volatility	1.30	—	—
Sortino ratio Return per unit of downside risk	1.97	—	—
Omega ratio Gain probability vs. loss probability	1.23	—	—
Calmar ratio Return relative to maximum drawdown	2.01	—	—
Martin ratio Return relative to average drawdown	5.41	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VBND	BNDP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.25	+0.07

Drawdowns

VBND vs. BNDP - Drawdown Comparison

The maximum VBND drawdown since its inception was -18.97%, which is greater than BNDP's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for VBND and BNDP.

Drawdown Indicators

	VBND	BNDP	Difference
Max Drawdown Largest peak-to-trough decline	-18.97%	-2.60%	-16.37%
Max Drawdown (1Y) Largest decline over 1 year	-2.82%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.60%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.97%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-18.97%	—	—
Current Drawdown Current decline from peak	-0.87%	-1.31%	+0.44%
Average Drawdown Average peak-to-trough decline	-4.21%	-0.86%	-3.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	—	—

Volatility

Volatility by Period

	VBND	BNDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.49%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.37%	3.63%	+0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.12%	3.63%	+2.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.45%	3.63%	+1.82%

VBND vs. BNDP - Expense Ratio Comparison

VBND has a 0.41% expense ratio, which is higher than BNDP's 0.05% expense ratio.

Dividends

VBND vs. BNDP - Dividend Comparison

VBND's dividend yield for the trailing twelve months is around 4.23%, more than BNDP's 2.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BNDP Vanguard Core-Plus Bond Index ETF	2.08%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VBND Vident U.S. Bond Strategy ETF	4.23%	4.22%	4.41%	3.88%	2.55%	1.56%	1.98%	3.14%	2.82%	2.00%	3.12%	1.49%

Frequently Asked Questions

Can I hold both VBND and BNDP in my portfolio?

VBND and BNDP have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VBND or BNDP?

On fees, BNDP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VBND or BNDP?

BNDP is cheaper with a 0.05% expense ratio, compared with 0.41% for VBND.

Which ETF pays a higher dividend yield, VBND or BNDP?

VBND has the higher dividend yield at 4.23%, compared with 2.08% for BNDP.

What is the main difference between VBND and BNDP?

VBND tracks Vident Core U.S. Bond Strategy Index, while BNDP tracks Bloomberg U.S. Universal Float Adjusted Index. They also come from different issuers: Vident and Vanguard. Their fees differ too: 0.41% for VBND and 0.05% for BNDP.