BND vs VTIP

Quick Verdict

VTIP delivered stronger 1-year returns. BND offers more diversification with 10790 holdings.

Lower Fees: TiedHigher Returns: VTIPMore Diversified: BND

Side-by-Side Comparison

MetricBNDVTIPWinner
Expense Ratio0.03%0.03%
AUM$159.8B$19.3B
Dividend Yield3.94%3.60%
Holdings17,52827
YTD Return-0.26%+1.87%
1Y Return+2.01%+3.01%
3Y Return (annualized)+3.97%+5.37%
5Y Return (annualized)-0.25%+3.39%
Volatility (annualized)4.6%2.4%
Max Drawdown-19.6%-7.1%
Fund FamilyVanguard (US)Vanguard (US)
CategoryFixed IncomeFixed Income
InceptionApr 3, 2007Oct 12, 2012

BND vs VTIP Performance

Vanguard Total Bond Market ETF (BND) is a ETF from Vanguard (US) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) is a ETF from Vanguard (US). Over the past year BND returned +2.01% while VTIP returned +3.01%. Year to date, BND is down 0.26% versus a gain of 1.87% for VTIP.

Over three years, BND compounded at +3.97% per year against +5.37% for VTIP; over five years the annualized figures are -0.25% and +3.39% respectively. Across the full 14-year window we track, VTIP has the edge at +1.58% annualized vs +0.69%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

BND has been the more volatile fund, with annualized monthly volatility of 4.6% compared with 2.4% for VTIP. 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 -7.1% for VTIP. 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

BND charges 0.03% per year while VTIP charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, BND currently yields 3.94% against 3.60% for VTIP.

Holdings Overlap

0.0%overlap

BND and VTIP share 0 holdings out of 10813 unique holdings combined, representing a 0.0% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Frequently Asked Questions

Which is cheaper, BND or VTIP?

BND has an expense ratio of 0.03% while VTIP charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.

Which performed better, BND or VTIP?

Over the past year BND returned +2.01% vs +3.01% for VTIP, so VTIP leads on 1-year performance. Over the longest common window we track (14 years), BND annualized +0.69% vs +1.58% for VTIP. Past performance does not guarantee future results.

Which is riskier, BND or VTIP?

BND has been the more volatile fund at 4.6% annualized versus 2.4% for VTIP. Worst drawdown: BND -19.6% vs VTIP -7.1%.

Should I hold both BND and VTIP?

BND and VTIP have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between BND and VTIP?

BND and VTIP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 10813 unique securities.

Which pays a higher dividend, BND or VTIP?

BND yields 3.94% while VTIP yields 3.60%, so BND currently pays the higher dividend yield.

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