VUBFX vs. BND
Compare and contrast key facts about Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX) and Vanguard Total Bond Market ETF (BND).
VUBFX is managed by Vanguard. It was launched on Feb 24, 2015. BND is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Aggregate Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
VUBFX vs. BND - Performance Comparison
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VUBFX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VUBFX Vanguard Ultra-Short-Term Bond Fund Investor Shares | 0.59% | 5.04% | 5.99% | 5.43% | -0.53% | 0.03% | 1.95% | 3.34% | 1.94% | 1.23% |
BND Vanguard Total Bond Market ETF | 0.09% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Returns By Period
In the year-to-date period, VUBFX achieves a 0.59% return, which is significantly higher than BND's 0.09% return. Over the past 10 years, VUBFX has outperformed BND with an annualized return of 2.56%, while BND has yielded a comparatively lower 1.68% annualized return.
VUBFX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.59%
- 6M
- 1.62%
- 1Y
- 4.31%
- 3Y*
- 5.24%
- 5Y*
- 3.26%
- 10Y*
- 2.56%
BND
- 1D
- 0.04%
- 1M
- -1.30%
- YTD
- 0.09%
- 6M
- 0.74%
- 1Y
- 3.96%
- 3Y*
- 3.60%
- 5Y*
- 0.25%
- 10Y*
- 1.68%
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VUBFX vs. BND - Expense Ratio Comparison
VUBFX has a 0.20% 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%.
Return for Risk
VUBFX vs. BND — Risk / Return Rank
VUBFX
BND
VUBFX vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX) 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.
| VUBFX | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 5.18 | 0.93 | +4.25 |
Sortino ratioReturn per unit of downside risk | 10.17 | 1.32 | +8.86 |
Omega ratioGain probability vs. loss probability | 3.60 | 1.16 | +2.44 |
Calmar ratioReturn relative to maximum drawdown | 14.46 | 1.75 | +12.71 |
Martin ratioReturn relative to average drawdown | 65.22 | 4.78 | +60.44 |
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
| VUBFX | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.18 | 0.93 | +4.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.34 | 0.04 | +3.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 3.07 | 0.30 | +2.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.06 | 0.59 | +2.47 |
Correlation
The correlation between VUBFX and BND is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
VUBFX vs. BND - Dividend Comparison
VUBFX's dividend yield for the trailing twelve months is around 4.12%, more than BND's 3.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VUBFX Vanguard Ultra-Short-Term Bond Fund Investor Shares | 4.12% | 4.62% | 5.42% | 4.06% | 1.28% | 0.43% | 1.52% | 2.58% | 2.13% | 1.43% | 0.98% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.93% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Drawdowns
VUBFX vs. BND - Drawdown Comparison
The maximum VUBFX drawdown since its inception was -1.86%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for VUBFX and BND.
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Drawdown Indicators
| VUBFX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.86% | -18.58% | +16.72% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -2.44% | +2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -1.86% | -17.91% | +16.05% |
Max Drawdown (10Y)Largest decline over 10 years | -1.86% | -18.58% | +16.72% |
Current DrawdownCurrent decline from peak | -0.10% | -2.54% | +2.44% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -3.07% | +2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 0.90% | -0.83% |
Volatility
VUBFX vs. BND - Volatility Comparison
The current volatility for Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX) is 0.34%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.63%. This indicates that VUBFX experiences smaller price fluctuations and is considered to be less risky 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
| VUBFX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.34% | 1.63% | -1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 0.55% | 2.52% | -1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.84% | 4.30% | -3.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.98% | 6.00% | -5.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.84% | 5.52% | -4.68% |