VTP vs. BND
VTP (Vanguard Total Inflation-Protected Securities ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - VTP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index 0-5, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Their correlation of 0.85 suggests significant overlap in exposure. VTP charges 0.05%/yr vs 0.03%/yr for BND.
Performance
VTP vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, VTP achieves a 0.75% return, which is significantly higher than BND's 0.49% return.
VTP
- 1D
- -0.02%
- 1M
- -0.12%
- YTD
- 0.75%
- 6M
- 0.95%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BND
- 1D
- 0.11%
- 1M
- 0.64%
- YTD
- 0.49%
- 6M
- 0.57%
- 1Y
- 4.23%
- 3Y*
- 3.96%
- 5Y*
- 0.05%
- 10Y*
- 1.56%
VTP vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VTP Vanguard Total Inflation-Protected Securities ETF | 0.75% | 2.46% |
BND Vanguard Total Bond Market ETF | 0.49% | 3.76% |
Correlation
The correlation between VTP and BND is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025 | 0.85 |
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Return for Risk
VTP vs. BND — Risk / Return Rank
VTP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BND
VTP vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Inflation-Protected Securities ETF (VTP) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VTP | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.59 | — |
| Martin ratioReturn relative to average drawdown | — | 4.52 | — |
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Drawdowns
VTP vs. BND - Drawdown Comparison
The maximum VTP drawdown since its inception was -1.92%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for VTP and BND.
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Drawdown Indicators
| VTP | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.92% | -18.58% | +16.66% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.68% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.92% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -1.09% | -2.15% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -0.52% | -3.06% | +2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.94% | — |
Volatility
VTP vs. BND - Volatility Comparison
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Volatility by Period
| VTP | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.08% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.77% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 3.74% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.34% | 6.03% | -2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.34% | 5.53% | -2.19% |
VTP vs. BND - Expense Ratio Comparison
VTP has a 0.05% 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
VTP vs. BND - Dividend Comparison
VTP's dividend yield for the trailing twelve months is around 1.62%, less than BND's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.96% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
VTP Vanguard Total Inflation-Protected Securities ETF | 1.62% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VTP and BND have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BND is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BND is cheaper with a 0.03% expense ratio, compared with 0.05% for VTP.
BND has the higher dividend yield at 3.96%, compared with 1.62% for VTP.
VTP is categorized as Inflation-Protected Bonds, while BND is Total Bond Market. VTP tracks ICE U.S. Treasury Inflation Linked Bond Index 0-5, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. Their fees differ too: 0.05% for VTP and 0.03% for BND.
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