VGVT vs. BNDP

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard Government Securities Active ETF (VGVT) and Vanguard Core-Plus Bond Index ETF (BNDP).

VGVT and BNDP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VGVT is an actively managed fund by Vanguard. It was launched on Jul 7, 2025. BNDP is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Universal Float Adjusted Index. It was launched on Dec 2, 2025.

Performance

VGVT vs. BNDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Government Securities Active ETF (VGVT) and Vanguard Core-Plus Bond Index ETF (BNDP). The values are adjusted to include any dividend payments, if applicable.

VGVT vs. BNDP - Yearly Performance Comparison

	2026 (YTD)	2025
VGVT Vanguard Government Securities Active ETF	0.03%	0.08%
BNDP Vanguard Core-Plus Bond Index ETF	-0.18%	0.10%

Returns By Period

In the year-to-date period, VGVT achieves a 0.03% return, which is significantly higher than BNDP's -0.18% return.

VGVT

• 1D: -0.09%
• 1M: -1.61%
• YTD: 0.03%
• 6M: 1.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNDP

• 1D: 0.01%
• 1M: -1.44%
• YTD: -0.18%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VGVT vs. BNDP - Expense Ratio Comparison

VGVT has a 0.10% expense ratio, which is higher than BNDP's 0.05% 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%.

VGVT

Vanguard Government Securities Active ETF

BNDP

Vanguard Core-Plus Bond Index ETF

Return for Risk

VGVT vs. BNDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Government Securities Active ETF (VGVT) and Vanguard Core-Plus Bond Index ETF (BNDP). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	VGVT	BNDP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.40	-0.08	+1.48

Correlation

The correlation between VGVT and BNDP 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.

Dividends

VGVT vs. BNDP - Dividend Comparison

VGVT's dividend yield for the trailing twelve months is around 3.29%, more than BNDP's 1.32% yield.

	TTM	2025
VGVT Vanguard Government Securities Active ETF	3.29%	2.29%
BNDP Vanguard Core-Plus Bond Index ETF	1.32%	0.24%

Drawdowns

VGVT vs. BNDP - Drawdown Comparison

The maximum VGVT drawdown since its inception was -2.42%, smaller than the maximum BNDP drawdown of -2.56%. Use the drawdown chart below to compare losses from any high point for VGVT and BNDP.

Drawdown Indicators

	VGVT	BNDP	Difference
Max Drawdown Largest peak-to-trough decline	-2.42%	-2.56%	+0.14%
Current Drawdown Current decline from peak	-1.83%	-1.82%	-0.01%
Average Drawdown Average peak-to-trough decline	-0.43%	-0.54%	+0.11%

Volatility

Volatility by Period

	VGVT	BNDP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.26%	3.63%	-0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.26%	3.63%	-0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.26%	3.63%	-0.37%