VBTLX vs. BND
Compare and contrast key facts about Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) and Vanguard Total Bond Market ETF (BND).
VBTLX is managed by Vanguard. It was launched on Nov 12, 2001. 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: VBTLX or BND.
Key characteristics
| VBTLX | BND | |
|---|---|---|
| YTD Return | 4.32% | 4.51% |
| 1Y Return | 9.59% | 9.54% |
| 3Y Return (Ann) | -1.65% | -1.66% |
| 5Y Return (Ann) | 0.23% | 0.17% |
| 10Y Return (Ann) | 1.80% | 1.79% |
| Sharpe Ratio | 1.57 | 1.56 |
| Daily Std Dev | 6.27% | 6.34% |
| Max Drawdown | -18.68% | -18.84% |
| Current Drawdown | -6.23% | -6.55% |
Correlation
The correlation between VBTLX 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
VBTLX vs. BND - Performance Comparison
The year-to-date returns for both investments are quite close, with VBTLX having a 4.32% return and BND slightly higher at 4.51%. Both investments have delivered pretty close results over the past 10 years, with VBTLX having a 1.80% annualized return and BND not far behind at 1.79%. 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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VBTLX vs. BND - Expense Ratio Comparison
VBTLX has a 0.05% 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
VBTLX vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) 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
VBTLX vs. BND - Dividend Comparison
VBTLX's dividend yield for the trailing twelve months is around 3.39%, which matches BND's 3.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | 3.39% | 3.08% | 2.59% | 2.11% | 2.39% | 2.73% | 2.80% | 2.56% | 2.54% | 2.37% | 2.59% | 2.59% |
BND Vanguard Total Bond Market ETF | 3.38% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
VBTLX vs. BND - Drawdown Comparison
The maximum VBTLX drawdown since its inception was -18.68%, roughly equal to the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for VBTLX and BND. For additional features, visit the drawdowns tool.
Volatility
VBTLX vs. BND - Volatility Comparison
Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.18% and 1.21%, 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.