VCPAX vs. BND
Compare and contrast key facts about Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX) and Vanguard Total Bond Market ETF (BND).
VCPAX is managed by Vanguard. It was launched on Oct 25, 2021. 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: VCPAX or BND.
Key characteristics
| VCPAX | BND | |
|---|---|---|
| YTD Return | 3.30% | 2.21% |
| 1Y Return | 10.19% | 8.50% |
| 3Y Return (Ann) | -1.21% | -2.17% |
| Sharpe Ratio | 1.91 | 1.50 |
| Sortino Ratio | 2.85 | 2.21 |
| Omega Ratio | 1.35 | 1.26 |
| Calmar Ratio | 0.78 | 0.55 |
| Martin Ratio | 7.77 | 5.32 |
| Ulcer Index | 1.33% | 1.63% |
| Daily Std Dev | 5.42% | 5.81% |
| Max Drawdown | -17.25% | -18.84% |
| Current Drawdown | -4.33% | -8.62% |
Correlation
The correlation between VCPAX and BND is 0.97, 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
VCPAX vs. BND - Performance Comparison
In the year-to-date period, VCPAX achieves a 3.30% return, which is significantly higher than BND's 2.21% return. 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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VCPAX vs. BND - Expense Ratio Comparison
VCPAX has a 0.20% 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
VCPAX vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX) 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
VCPAX vs. BND - Dividend Comparison
VCPAX's dividend yield for the trailing twelve months is around 4.79%, more than BND's 3.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCPAX Vanguard Core-Plus Bond Fund Admiral Shares | 4.79% | 4.54% | 3.26% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.55% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
VCPAX vs. BND - Drawdown Comparison
The maximum VCPAX drawdown since its inception was -17.25%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for VCPAX and BND. For additional features, visit the drawdowns tool.
Volatility
VCPAX vs. BND - Volatility Comparison
The current volatility for Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX) is 1.55%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.68%. This indicates that VCPAX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.