VFMO vs. BND
VFMO (Vanguard U.S. Momentum Factor ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - VFMO is a Momentum fund actively managed by Vanguard, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. VFMO is actively managed, while BND is passively managed. Over the past 5 years, VFMO returned 13.84%/yr vs 0.09%/yr for BND. At a 0.07 correlation, their price movements are largely independent. VFMO charges 0.13%/yr vs 0.03%/yr for BND.
Performance
VFMO vs. BND - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VFMO achieves a 23.68% return, which is significantly higher than BND's 0.27% return.
VFMO
- 1D
- 0.11%
- 1M
- 5.53%
- YTD
- 23.68%
- 6M
- 23.37%
- 1Y
- 43.34%
- 3Y*
- 27.93%
- 5Y*
- 13.84%
- 10Y*
- —
BND
- 1D
- -0.19%
- 1M
- 0.27%
- YTD
- 0.27%
- 6M
- 0.12%
- 1Y
- 5.11%
- 3Y*
- 3.96%
- 5Y*
- 0.09%
- 10Y*
- 1.58%
VFMO vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VFMO Vanguard U.S. Momentum Factor ETF | 23.68% | 17.39% | 26.14% | 16.25% | -12.84% | 19.16% | 31.36% | 28.22% | -11.41% |
BND Vanguard Total Bond Market ETF | 0.27% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | 2.29% |
Correlation
The correlation between VFMO and BND is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2018 | 0.07 |
The correlation between VFMO and BND shifts across timeframes, from 0.07 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VFMO vs. BND — Risk / Return Rank
VFMO
BND
VFMO vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Momentum Factor ETF (VFMO) 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.
| VFMO | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.24 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 1.92 | +2.05 |
| Martin ratioReturn relative to average drawdown | 14.97 | 5.80 | +9.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VFMO | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 1.36 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.01 | +0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.59 | +0.07 |
Drawdowns
VFMO vs. BND - Drawdown Comparison
The maximum VFMO drawdown since its inception was -36.77%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for VFMO and BND.
Loading charts...
Drawdown Indicators
| VFMO | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.77% | -18.58% | -18.19% |
Max Drawdown (1Y)Largest decline over 1 year | -10.98% | -2.68% | -8.30% |
Max Drawdown (3Y)Largest decline over 3 years | -24.40% | -5.92% | -18.48% |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | -17.91% | -7.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.37% | +2.37% |
Average DrawdownAverage peak-to-trough decline | -7.77% | -3.06% | -4.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 0.88% | +2.02% |
Volatility
VFMO vs. BND - Volatility Comparison
Vanguard U.S. Momentum Factor ETF (VFMO) has a higher volatility of 6.20% compared to Vanguard Total Bond Market ETF (BND) at 1.23%. This indicates that VFMO's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VFMO | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 1.23% | +4.97% |
Volatility (6M)Calculated over the trailing 6-month period | 16.37% | 2.66% | +13.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.20% | 3.78% | +17.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.70% | 6.02% | +15.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.57% | 5.53% | +18.04% |
VFMO vs. BND - Expense Ratio Comparison
VFMO has a 0.13% 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%.
Dividends
VFMO vs. BND - Dividend Comparison
VFMO's dividend yield for the trailing twelve months is around 0.63%, less than BND's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.97% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
VFMO Vanguard U.S. Momentum Factor ETF | 0.63% | 0.82% | 0.72% | 0.89% | 1.72% | 0.81% | 0.45% | 1.22% | 0.70% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VFMO and BND have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VFMO has higher volatility (6.20%) compared to BND (1.23%). In terms of maximum drawdown, VFMO dropped -36.77% vs BND's -18.58%.
On 5-year performance, VFMO leads with 13.84% vs 0.09% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VFMO has performed better with a 13.84% return vs 0.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.13% for VFMO.
BND has the higher dividend yield at 3.97%, compared with 0.63% for VFMO.
VFMO is categorized as Momentum, while BND is Total Bond Market. Their fees differ too: 0.13% for VFMO and 0.03% for BND.
VFMO currently has the higher Sharpe Ratio (2.05 vs 1.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for VFMO and BND
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer