BND vs VIPIX
Vanguard Total Bond Market ETF vs Vanguard Inflation Protected Securities Fund Insti Shs
Quick Verdict
BND has a lower expense ratio. BND delivered stronger 1-year returns. BND offers more diversification with 10790 holdings.
Side-by-Side Comparison
| Metric | BND | VIPIX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.07% | |
| AUM | $159.8B | $12.5B | |
| Dividend Yield | 3.94% | 3.54% | |
| Holdings | 17,528 | 63 | |
| YTD Return | -0.53% | -1.07% | |
| 1Y Return | +1.89% | -3.24% | |
| 3Y Return (annualized) | +4.22% | -0.50% | |
| 5Y Return (annualized) | -0.29% | -4.77% | |
| Volatility (annualized) | 4.6% | 6.7% | |
| Max Drawdown | -19.6% | -24.5% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Fixed Income | Fixed Income | |
| Inception | Apr 3, 2007 | Dec 12, 2003 |
BND vs VIPIX Performance
Vanguard Total Bond Market ETF (BND) is a ETF from Vanguard (US) and Vanguard Inflation Protected Securities Fund Insti Shs (VIPIX) is a mutual fund from Vanguard (US). Over the past year BND returned +1.89% while VIPIX returned -3.24%. Year to date, BND is down 0.53% versus a loss of 1.07% for VIPIX.
Over three years, BND compounded at +4.22% per year against -0.50% for VIPIX; over five years the annualized figures are -0.29% and -4.77% respectively. Across the full 5-year window we track, BND has the edge at +0.67% annualized vs -4.77%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VIPIX has been the more volatile fund, with annualized monthly volatility of 6.7% compared with 4.6% for BND. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -19.6% for BND and -24.5% for VIPIX. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BND charges 0.03% per year while VIPIX charges 0.07%. On a $10,000 position that is $3 vs $7 annually, a gap of $4 per year that compounds over a long holding period. On income, BND currently yields 3.94% against 3.54% for VIPIX.
Holdings Overlap
BND and VIPIX share 9 holdings out of 10836 unique holdings combined, representing a 1.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in BND | Weight in VIPIX | Difference |
|---|---|---|---|
| T 4 02/15/34 | 0.43% | 0.36% | 0.07% |
| T 4.625 05/31/31 | 0.15% | 0.51% | 0.36% |
| T 4.25 11/15/34 | 0.42% | 0.17% | 0.25% |
| T 4.25 08/15/35 | Pro | Pro | Pro |
| T 4.125 02/29/32 | Pro | Pro | Pro |
| T 4.625 04/30/31 | Pro | Pro | Pro |
| T 3.75 08/31/31 | Pro | Pro | Pro |
| T 4.25 02/28/31 | Pro | Pro | Pro |
| T 4.125 03/31/31 | Pro | Pro | Pro |
Frequently Asked Questions
Which is cheaper, BND or VIPIX?
BND has an expense ratio of 0.03% while VIPIX charges 0.07%. BND is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, BND or VIPIX?
Over the past year BND returned +1.89% vs -3.24% for VIPIX, so BND leads on 1-year performance. Over the longest common window we track (5 years), BND annualized +0.67% vs -4.77% for VIPIX. Past performance does not guarantee future results.
Which is riskier, BND or VIPIX?
VIPIX has been the more volatile fund at 6.7% annualized versus 4.6% for BND. Worst drawdown: BND -19.6% vs VIPIX -24.5%.
Should I hold both BND and VIPIX?
BND and VIPIX have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BND and VIPIX?
BND and VIPIX share 9 common holdings with a 1.4% weight overlap. Combined, they hold 10836 unique securities.
Which pays a higher dividend, BND or VIPIX?
BND yields 3.94% while VIPIX yields 3.54%, so BND currently pays the higher dividend yield.
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