VFIIX vs. BND
Compare and contrast key facts about Vanguard GNMA Fund Investor Shares (VFIIX) and Vanguard Total Bond Market ETF (BND).
VFIIX is managed by Vanguard. It was launched on Jun 27, 1980. 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: VFIIX or BND.
Key characteristics
| VFIIX | BND | |
|---|---|---|
| YTD Return | 1.33% | 2.21% |
| 1Y Return | 8.40% | 8.50% |
| 3Y Return (Ann) | -1.70% | -2.17% |
| 5Y Return (Ann) | -0.41% | -0.09% |
| 10Y Return (Ann) | 0.86% | 1.47% |
| Sharpe Ratio | 1.36 | 1.50 |
| Sortino Ratio | 1.99 | 2.21 |
| Omega Ratio | 1.24 | 1.26 |
| Calmar Ratio | 0.62 | 0.55 |
| Martin Ratio | 4.71 | 5.32 |
| Ulcer Index | 1.78% | 1.63% |
| Daily Std Dev | 6.19% | 5.81% |
| Max Drawdown | -16.10% | -18.84% |
| Current Drawdown | -6.10% | -8.62% |
Correlation
The correlation between VFIIX and BND is 0.76, 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
VFIIX vs. BND - Performance Comparison
In the year-to-date period, VFIIX achieves a 1.33% return, which is significantly lower than BND's 2.21% return. Over the past 10 years, VFIIX has underperformed BND with an annualized return of 0.86%, while BND has yielded a comparatively higher 1.47% annualized 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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VFIIX vs. BND - Expense Ratio Comparison
VFIIX has a 0.21% 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
VFIIX vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard GNMA Fund Investor Shares (VFIIX) 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
VFIIX vs. BND - Dividend Comparison
VFIIX's dividend yield for the trailing twelve months is around 3.50%, less than BND's 3.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFIIX Vanguard GNMA Fund Investor Shares | 3.50% | 3.24% | 2.35% | 0.75% | 1.87% | 2.76% | 2.90% | 2.65% | 2.30% | 2.34% | 2.58% | 2.31% |
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
VFIIX vs. BND - Drawdown Comparison
The maximum VFIIX drawdown since its inception was -16.10%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for VFIIX and BND. For additional features, visit the drawdowns tool.
Volatility
VFIIX vs. BND - Volatility Comparison
Vanguard GNMA Fund Investor Shares (VFIIX) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.63% and 1.68%, 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.