VUSTX vs. BND
Compare and contrast key facts about Vanguard Long-Term Treasury Fund Investor Shares (VUSTX) and Vanguard Total Bond Market ETF (BND).
VUSTX is managed by Vanguard. It was launched on May 19, 1986. 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
VUSTX vs. BND - Performance Comparison
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VUSTX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VUSTX Vanguard Long-Term Treasury Fund Investor Shares | -0.56% | 5.55% | -6.41% | 3.33% | -29.58% | -4.93% | 18.20% | 14.14% | -1.89% | 8.60% |
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, VUSTX achieves a -0.56% return, which is significantly lower than BND's 0.09% return. Over the past 10 years, VUSTX has underperformed BND with an annualized return of -0.93%, while BND has yielded a comparatively higher 1.68% annualized return.
VUSTX
- 1D
- 0.00%
- 1M
- -3.43%
- YTD
- -0.56%
- 6M
- -0.98%
- 1Y
- -0.63%
- 3Y*
- -1.62%
- 5Y*
- -4.99%
- 10Y*
- -0.93%
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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VUSTX vs. BND - Expense Ratio Comparison
VUSTX 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
VUSTX vs. BND — Risk / Return Rank
VUSTX
BND
VUSTX vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Treasury Fund Investor Shares (VUSTX) 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.
| VUSTX | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.02 | 0.93 | -0.91 |
Sortino ratioReturn per unit of downside risk | 0.10 | 1.32 | -1.22 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.16 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.15 | 1.75 | -1.60 |
Martin ratioReturn relative to average drawdown | 0.33 | 4.78 | -4.45 |
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
| VUSTX | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.02 | 0.93 | -0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | 0.04 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | 0.30 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.59 | -0.15 |
Correlation
The correlation between VUSTX and BND is 0.87, 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
VUSTX vs. BND - Dividend Comparison
VUSTX's dividend yield for the trailing twelve months is around 4.02%, more than BND's 3.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VUSTX Vanguard Long-Term Treasury Fund Investor Shares | 4.02% | 4.29% | 4.03% | 3.33% | 2.93% | 4.21% | 10.38% | 2.82% | 2.82% | 2.64% | 5.27% | 5.52% |
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
VUSTX vs. BND - Drawdown Comparison
The maximum VUSTX drawdown since its inception was -46.37%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for VUSTX and BND.
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Drawdown Indicators
| VUSTX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.37% | -18.58% | -27.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.77% | -2.44% | -6.33% |
Max Drawdown (5Y)Largest decline over 5 years | -41.45% | -17.91% | -23.54% |
Max Drawdown (10Y)Largest decline over 10 years | -46.37% | -18.58% | -27.79% |
Current DrawdownCurrent decline from peak | -36.78% | -2.54% | -34.24% |
Average DrawdownAverage peak-to-trough decline | -9.23% | -3.07% | -6.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 0.90% | +3.05% |
Volatility
VUSTX vs. BND - Volatility Comparison
Vanguard Long-Term Treasury Fund Investor Shares (VUSTX) has a higher volatility of 3.60% compared to Vanguard Total Bond Market ETF (BND) at 1.63%. This indicates that VUSTX'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
| VUSTX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 1.63% | +1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 6.06% | 2.52% | +3.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.49% | 4.30% | +6.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.64% | 6.00% | +8.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.78% | 5.52% | +8.26% |