VFVA vs. BND
VFVA (Vanguard U.S. Value Factor ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - VFVA is a Mid Cap Value Equities fund actively managed by Vanguard, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. VFVA is actively managed, while BND is passively managed. Over the past 5 years, VFVA returned 9.48%/yr vs 0.09%/yr for BND. At a correlation of -0.02, they often move in opposite directions. VFVA charges 0.13%/yr vs 0.03%/yr for BND.
Performance
VFVA vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, VFVA achieves a 9.50% return, which is significantly higher than BND's 0.27% return.
VFVA
- 1D
- -1.33%
- 1M
- 0.94%
- YTD
- 9.50%
- 6M
- 10.40%
- 1Y
- 28.50%
- 3Y*
- 17.34%
- 5Y*
- 9.48%
- 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%
VFVA vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VFVA Vanguard U.S. Value Factor ETF | 9.50% | 14.77% | 7.67% | 17.37% | -3.96% | 36.94% | 2.28% | 25.42% | -15.61% |
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 VFVA and BND is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2018 | -0.02 |
The correlation between VFVA and BND shifts across timeframes, from -0.02 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VFVA vs. BND — Risk / Return Rank
VFVA
BND
VFVA vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Value Factor ETF (VFVA) 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.
| VFVA | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.24 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 1.92 | +1.43 |
| Martin ratioReturn relative to average drawdown | 10.61 | 5.80 | +4.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VFVA | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 1.36 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.01 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.59 | -0.16 |
Drawdowns
VFVA vs. BND - Drawdown Comparison
The maximum VFVA drawdown since its inception was -48.58%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for VFVA and BND.
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Drawdown Indicators
| VFVA | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.58% | -18.58% | -30.00% |
Max Drawdown (1Y)Largest decline over 1 year | -8.55% | -2.68% | -5.87% |
Max Drawdown (3Y)Largest decline over 3 years | -24.07% | -5.92% | -18.15% |
Max Drawdown (5Y)Largest decline over 5 years | -24.07% | -17.91% | -6.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -1.51% | -2.37% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -3.06% | -4.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 0.88% | +1.81% |
Volatility
VFVA vs. BND - Volatility Comparison
Vanguard U.S. Value Factor ETF (VFVA) has a higher volatility of 3.36% compared to Vanguard Total Bond Market ETF (BND) at 1.23%. This indicates that VFVA'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.
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Volatility by Period
| VFVA | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 1.23% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.81% | 2.66% | +7.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.35% | 3.78% | +11.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.18% | 6.02% | +14.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.32% | 5.53% | +18.79% |
VFVA vs. BND - Expense Ratio Comparison
VFVA 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
VFVA vs. BND - Dividend Comparison
VFVA's dividend yield for the trailing twelve months is around 1.95%, 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% |
VFVA Vanguard U.S. Value Factor ETF | 1.95% | 2.13% | 2.40% | 2.45% | 2.21% | 1.68% | 2.04% | 2.08% | 1.65% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VFVA and BND have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VFVA has higher volatility (3.36%) compared to BND (1.23%). In terms of maximum drawdown, VFVA dropped -48.58% vs BND's -18.58%.
On 5-year performance, VFVA leads with 9.48% 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, VFVA has performed better with a 9.48% 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 VFVA.
BND has the higher dividend yield at 3.97%, compared with 1.95% for VFVA.
VFVA is categorized as Mid Cap Value Equities, while BND is Total Bond Market. Their fees differ too: 0.13% for VFVA and 0.03% for BND.
VFVA currently has the higher Sharpe Ratio (1.87 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.
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