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VBTIX vs. BND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VBTIX and BND is 0.89, 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.


-0.50.00.51.00.9

Performance

VBTIX vs. BND - Performance Comparison

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

-1.00%0.00%1.00%2.00%3.00%4.00%5.00%JulyAugustSeptemberOctoberNovemberDecember
1.33%
1.36%
VBTIX
BND

Key characteristics

Sharpe Ratio

VBTIX:

0.30

BND:

0.31

Sortino Ratio

VBTIX:

0.46

BND:

0.46

Omega Ratio

VBTIX:

1.05

BND:

1.05

Calmar Ratio

VBTIX:

0.12

BND:

0.12

Martin Ratio

VBTIX:

0.86

BND:

0.87

Ulcer Index

VBTIX:

1.92%

BND:

1.91%

Daily Std Dev

VBTIX:

5.48%

BND:

5.43%

Max Drawdown

VBTIX:

-19.01%

BND:

-18.84%

Current Drawdown

VBTIX:

-9.40%

BND:

-9.27%

Returns By Period

In the year-to-date period, VBTIX achieves a 1.15% return, which is significantly lower than BND's 1.48% return. Both investments have delivered pretty close results over the past 10 years, with VBTIX having a 1.35% annualized return and BND not far ahead at 1.36%.


VBTIX

YTD

1.15%

1M

-0.22%

6M

1.43%

1Y

1.76%

5Y*

-0.33%

10Y*

1.35%

BND

YTD

1.48%

1M

-0.24%

6M

1.41%

1Y

1.67%

5Y*

-0.34%

10Y*

1.36%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


VBTIX vs. BND - Expense Ratio Comparison

VBTIX 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%.


VBTIX
Vanguard Total Bond Market Index Fund Institutional Shares
Expense ratio chart for VBTIX: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%
Expense ratio chart for BND: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

VBTIX vs. BND - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) 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.


Sharpe ratio
The chart of Sharpe ratio for VBTIX, currently valued at 0.30, compared to the broader market-1.000.001.002.003.004.000.300.31
The chart of Sortino ratio for VBTIX, currently valued at 0.46, compared to the broader market-2.000.002.004.006.008.0010.000.460.46
The chart of Omega ratio for VBTIX, currently valued at 1.05, compared to the broader market0.501.001.502.002.503.003.501.051.05
The chart of Calmar ratio for VBTIX, currently valued at 0.12, compared to the broader market0.002.004.006.008.0010.0012.0014.000.120.12
The chart of Martin ratio for VBTIX, currently valued at 0.86, compared to the broader market0.0020.0040.0060.000.860.87
VBTIX
BND

The current VBTIX Sharpe Ratio is 0.30, which is comparable to the BND Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of VBTIX and BND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.30
0.31
VBTIX
BND

Dividends

VBTIX vs. BND - Dividend Comparison

VBTIX's dividend yield for the trailing twelve months is around 3.65%, which matches BND's 3.62% yield.


TTM20232022202120202019201820172016201520142013
VBTIX
Vanguard Total Bond Market Index Fund Institutional Shares
3.65%3.12%2.54%1.91%2.25%2.74%2.78%2.53%2.49%2.51%2.57%2.56%
BND
Vanguard Total Bond Market ETF
3.33%3.09%2.60%1.97%2.22%2.72%2.81%2.54%2.51%2.57%2.79%2.78%

Drawdowns

VBTIX vs. BND - Drawdown Comparison

The maximum VBTIX drawdown since its inception was -19.01%, roughly equal to the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for VBTIX and BND. For additional features, visit the drawdowns tool.


-12.00%-11.00%-10.00%-9.00%-8.00%-7.00%-6.00%JulyAugustSeptemberOctoberNovemberDecember
-9.40%
-9.27%
VBTIX
BND

Volatility

VBTIX vs. BND - Volatility Comparison

Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.67% and 1.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


1.00%1.20%1.40%1.60%1.80%2.00%JulyAugustSeptemberOctoberNovemberDecember
1.67%
1.65%
VBTIX
BND
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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