VWESX vs. BND
Compare and contrast key facts about Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX) and Vanguard Total Bond Market ETF (BND).
VWESX is managed by Vanguard. It was launched on Jul 9, 1973. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWESX or BND.
Key characteristics
| VWESX | BND | |
|---|---|---|
| YTD Return | 0.70% | 2.21% |
| 1Y Return | 13.51% | 8.50% |
| 3Y Return (Ann) | -7.03% | -2.17% |
| 5Y Return (Ann) | -2.74% | -0.09% |
| 10Y Return (Ann) | 1.07% | 1.47% |
| Sharpe Ratio | 1.29 | 1.50 |
| Sortino Ratio | 1.89 | 2.21 |
| Omega Ratio | 1.22 | 1.26 |
| Calmar Ratio | 0.41 | 0.55 |
| Martin Ratio | 3.94 | 5.32 |
| Ulcer Index | 3.59% | 1.63% |
| Daily Std Dev | 10.97% | 5.81% |
| Max Drawdown | -39.13% | -18.84% |
| Current Drawdown | -25.63% | -8.62% |
Correlation
The correlation between VWESX and BND is 0.85, 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.
Performance
VWESX vs. BND - Performance Comparison
In the year-to-date period, VWESX achieves a 0.70% return, which is significantly lower than BND's 2.21% return. Over the past 10 years, VWESX has underperformed BND with an annualized return of 1.07%, while BND has yielded a comparatively higher 1.47% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VWESX vs. BND - Expense Ratio Comparison
VWESX has a 0.22% 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%.
Risk-Adjusted Performance
VWESX vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX) 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.
Dividends
VWESX vs. BND - Dividend Comparison
VWESX's dividend yield for the trailing twelve months is around 4.85%, more than BND's 3.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWESX Vanguard Long-Term Investment-Grade Fund Investor Shares | 4.85% | 4.55% | 4.44% | 3.12% | 3.17% | 3.68% | 4.32% | 3.99% | 4.35% | 4.53% | 4.36% | 5.03% |
BND Vanguard Total Bond Market ETF | 3.55% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
VWESX vs. BND - Drawdown Comparison
The maximum VWESX drawdown since its inception was -39.13%, which is greater than BND's maximum drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for VWESX and BND. For additional features, visit the drawdowns tool.
Volatility
VWESX vs. BND - Volatility Comparison
Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX) has a higher volatility of 3.57% compared to Vanguard Total Bond Market ETF (BND) at 1.68%. This indicates that VWESX'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.