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 Bloomberg U.S. Aggregate Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
VWESX vs. BND - Performance Comparison
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VWESX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWESX Vanguard Long-Term Investment-Grade Fund Investor Shares | -1.27% | 7.20% | -2.75% | 9.30% | -25.62% | -3.14% | 15.39% | 20.44% | -6.26% | 11.96% |
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, VWESX achieves a -1.27% return, which is significantly lower than BND's 0.09% return. Both investments have delivered pretty close results over the past 10 years, with VWESX having a 1.75% annualized return and BND not far behind at 1.68%.
VWESX
- 1D
- 0.40%
- 1M
- -2.97%
- YTD
- -1.27%
- 6M
- -1.84%
- 1Y
- 2.49%
- 3Y*
- 2.11%
- 5Y*
- -2.27%
- 10Y*
- 1.75%
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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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%.
Return for Risk
VWESX vs. BND — Risk / Return Rank
VWESX
BND
VWESX vs. BND - Risk-Adjusted Trends 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.
| VWESX | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.34 | 0.93 | -0.59 |
Sortino ratioReturn per unit of downside risk | 0.52 | 1.32 | -0.80 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.16 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.71 | 1.75 | -1.04 |
Martin ratioReturn relative to average drawdown | 1.72 | 4.78 | -3.07 |
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
| VWESX | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 0.93 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | 0.04 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.30 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.59 | -0.04 |
Correlation
The correlation between VWESX and BND is 0.86, 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
VWESX vs. BND - Dividend Comparison
VWESX's dividend yield for the trailing twelve months is around 4.65%, more than BND's 3.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWESX Vanguard Long-Term Investment-Grade Fund Investor Shares | 4.65% | 4.95% | 5.06% | 4.55% | 4.43% | 4.51% | 6.89% | 5.01% | 4.31% | 5.50% | 6.14% | 7.38% |
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
VWESX vs. BND - Drawdown Comparison
The maximum VWESX drawdown since its inception was -36.34%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for VWESX and BND.
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Drawdown Indicators
| VWESX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.34% | -18.58% | -17.76% |
Max Drawdown (1Y)Largest decline over 1 year | -5.45% | -2.44% | -3.01% |
Max Drawdown (5Y)Largest decline over 5 years | -34.48% | -17.91% | -16.57% |
Max Drawdown (10Y)Largest decline over 10 years | -36.34% | -18.58% | -17.76% |
Current DrawdownCurrent decline from peak | -20.51% | -2.54% | -17.97% |
Average DrawdownAverage peak-to-trough decline | -6.69% | -3.07% | -3.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 0.90% | +1.35% |
Volatility
VWESX vs. BND - Volatility Comparison
Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX) has a higher volatility of 3.42% compared to Vanguard Total Bond Market ETF (BND) at 1.63%. 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.
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Volatility by Period
| VWESX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 1.63% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 5.29% | 2.52% | +2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.97% | 4.30% | +4.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.10% | 6.00% | +6.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.85% | 5.52% | +5.33% |