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VIOG vs. BND
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VIOG vs. BND

Last updated Jun 4, 2026

VIOG (Vanguard S&P Small-Cap 600 Growth ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - VIOG is a Small Cap Growth Equities fund tracking the S&P SmallCap 600 Growth Index, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 10 years, VIOG returned 10.83%/yr vs 1.58%/yr for BND. At a correlation of -0.07, they often move in opposite directions. VIOG charges 0.15%/yr vs 0.03%/yr for BND.

Performance

VIOG vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P Small-Cap 600 Growth ETF (VIOG) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VIOG achieves a 15.37% return, which is significantly higher than BND's 0.27% return. Over the past 10 years, VIOG has outperformed BND with an annualized return of 10.83%, while BND has yielded a comparatively lower 1.58% annualized return.

VIOG

1D
-0.65%
1M
0.86%
YTD
15.37%
6M
13.49%
1Y
26.34%
3Y*
14.40%
5Y*
5.47%
10Y*
10.83%

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

VIOG vs. BND - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VIOG
Vanguard S&P Small-Cap 600 Growth ETF		15.37%5.40%9.23%16.92%-21.14%22.49%19.68%21.16%-4.57%14.70%
BND
Vanguard Total Bond Market ETF		0.27%7.08%1.38%5.65%-13.11%-1.86%7.71%8.84%-0.12%3.57%

Correlation

The correlation between VIOG and BND is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.33

Correlation (3Y)
Calculated over the trailing 3-year period

0.26

Correlation (5Y)
Calculated over the trailing 5-year period

0.18

Correlation (10Y)
Calculated over the trailing 10-year period

0.03

Correlation (All Time)
Calculated using the full available price history since Sep 10, 2010

-0.07

The correlation between VIOG and BND shifts across timeframes, from -0.07 (all time) to 0.33 (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.

Vanguard S&P Small-Cap 600 Growth ETF

Vanguard Total Bond Market ETF

Often compared with VIOG:
VIOG vs. VBKVIOG vs. VIOVVIOG vs. VIOOVIOG vs. VTWGVIOG vs. SLYGVIOG vs. VOOVIOG vs. XSMO
Often compared with BND:
BND vs. BNDXBND vs. FXNAXBND vs. AGGBND vs. FBNDBND vs. BNDWBND vs. TLTBND vs. VBTLX

Return for Risk

VIOG vs. BND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VIOG
VIOG Risk / Return Rank: 4949
Overall Rank
VIOG Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
VIOG Sortino Ratio Rank: 4545
Sortino Ratio Rank
VIOG Omega Ratio Rank: 4040
Omega Ratio Rank
VIOG Calmar Ratio Rank: 5858
Calmar Ratio Rank
VIOG Martin Ratio Rank: 5757
Martin Ratio Rank
BND
BND Risk / Return Rank: 3737
Overall Rank
BND Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
BND Sortino Ratio Rank: 3939
Sortino Ratio Rank
BND Omega Ratio Rank: 3535
Omega Ratio Rank
BND Calmar Ratio Rank: 3838
Calmar Ratio Rank
BND Martin Ratio Rank: 3636
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VIOG vs. BND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 Growth ETF (VIOG) 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.

VIOGBNDDifference
Sharpe ratioReturn per unit of total volatility
1.52
1.36

+0.16

Sortino ratioReturn per unit of downside risk
2.27
2.03

+0.24

Omega ratioGain probability vs. loss probability

1.27

1.24

+0.03

Calmar ratioReturn relative to maximum drawdown

2.93

1.92

+1.01

Martin ratioReturn relative to average drawdown

10.01

5.80

+4.21

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VIOG vs. BND - Sharpe Ratio Comparison

The current VIOG Sharpe Ratio is 1.52, which is comparable to the BND Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of VIOG and BND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VIOGBNDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.52

1.36

+0.16

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.26

0.01

+0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.48

0.29

+0.19

Sharpe Ratio (All Time)

Calculated using the full available price history

0.60

0.59

+0.01

Drawdowns

VIOG vs. BND - Drawdown Comparison

The maximum VIOG drawdown since its inception was -41.73%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for VIOG and BND.

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Drawdown Indicators

VIOGBNDDifference

Max Drawdown

Largest peak-to-trough decline

-41.73%

-18.58%

-23.15%

Max Drawdown (1Y)

Largest decline over 1 year

-9.03%

-2.68%

-6.35%

Max Drawdown (3Y)

Largest decline over 3 years

-27.35%

-5.92%

-21.43%

Max Drawdown (5Y)

Largest decline over 5 years

-29.15%

-17.91%

-11.24%

Max Drawdown (10Y)

Largest decline over 10 years

-41.73%

-18.58%

-23.15%

Current Drawdown

Current decline from peak

-1.47%

-2.37%

+0.90%

Average Drawdown

Average peak-to-trough decline

-7.62%

-3.06%

-4.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.64%

0.88%

+1.76%

Volatility

VIOG vs. BND - Volatility Comparison

Vanguard S&P Small-Cap 600 Growth ETF (VIOG) has a higher volatility of 4.61% compared to Vanguard Total Bond Market ETF (BND) at 1.23%. This indicates that VIOG'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

VIOGBNDDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.61%

1.23%

+3.38%

Volatility (6M)

Calculated over the trailing 6-month period

12.44%

2.66%

+9.78%

Volatility (1Y)

Calculated over the trailing 1-year period

17.48%

3.78%

+13.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.47%

6.02%

+15.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.84%

5.53%

+17.31%

VIOG vs. BND - Expense Ratio Comparison

VIOG has a 0.15% 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

VIOG vs. BND - Dividend Comparison

VIOG's dividend yield for the trailing twelve months is around 0.84%, less than BND's 3.97% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VIOG
Vanguard S&P Small-Cap 600 Growth ETF		0.84%1.04%1.03%1.15%1.17%0.69%0.68%1.09%0.76%0.87%0.92%1.04%

Frequently Asked Questions

VIOG and BND have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VIOG has higher volatility (4.61%) compared to BND (1.23%). In terms of maximum drawdown, VIOG dropped -41.73% vs BND's -18.58%.

On 10-year performance, VIOG leads with 10.83% vs 1.58% 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 10-year period, VIOG has performed better with a 10.83% return vs 1.58%. 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 0.15% for VIOG.

BND has the higher dividend yield at 3.97%, compared with 0.84% for VIOG.

VIOG is categorized as Small Cap Growth Equities, while BND is Total Bond Market. VIOG tracks S&P SmallCap 600 Growth Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. Their fees differ too: 0.15% for VIOG and 0.03% for BND.

VIOG currently has the higher Sharpe Ratio (1.52 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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