VBTIX vs. BND
Compare and contrast key facts about Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) and Vanguard Total Bond Market ETF (BND).
VBTIX is managed by Vanguard. It was launched on Sep 18, 1995. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBTIX or BND.
Key characteristics
| VBTIX | BND | |
|---|---|---|
| YTD Return | 1.37% | 1.55% |
| 1Y Return | 6.68% | 6.53% |
| 3Y Return (Ann) | -2.39% | -2.38% |
| 5Y Return (Ann) | -0.27% | -0.27% |
| 10Y Return (Ann) | 1.36% | 1.40% |
| Sharpe Ratio | 1.36 | 1.34 |
| Sortino Ratio | 2.02 | 1.98 |
| Omega Ratio | 1.24 | 1.24 |
| Calmar Ratio | 0.51 | 0.51 |
| Martin Ratio | 4.66 | 4.70 |
| Ulcer Index | 1.68% | 1.67% |
| Daily Std Dev | 5.79% | 5.84% |
| Max Drawdown | -19.01% | -18.84% |
| Current Drawdown | -9.20% | -9.21% |
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.
Performance
VBTIX vs. BND - Performance Comparison
In the year-to-date period, VBTIX achieves a 1.37% return, which is significantly lower than BND's 1.55% return. Both investments have delivered pretty close results over the past 10 years, with VBTIX having a 1.36% annualized return and BND not far ahead at 1.40%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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%.
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.
Dividends
VBTIX vs. BND - Dividend Comparison
VBTIX's dividend yield for the trailing twelve months is around 3.61%, which matches BND's 3.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares | 3.61% | 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 | 3.58% | 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.
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 1.66% and 1.70%, 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.