BND vs VTV
Vanguard Total Bond Market ETF vs Vanguard Morningstar Value ETF
Quick Verdict
VTV delivered stronger 1-year returns. BND offers more diversification with 17,437 holdings.
Side-by-Side Comparison
| Metric | BND | VTV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $160.9B | $187.8B | |
| Dividend Yield | 4.02% | 1.85% | |
| Holdings | 17,437 | 311 | |
| YTD Return | -0.41% | +17.37% | |
| 1Y Return | +1.77% | +25.21% | |
| 3Y Return (annualized) | +4.33% | +19.01% | |
| 5Y Return (annualized) | -0.37% | +12.28% | |
| Volatility (annualized) | 4.6% | 14.5% | |
| Max Drawdown | -19.6% | -61.3% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 3, 2007 | Jan 26, 2004 |
BND vs VTV Performance
Vanguard Total Bond Market ETF (BND) is a ETF from Vanguard (US) and Vanguard Morningstar Value ETF (VTV) is a ETF from Vanguard (US). Over the past year BND returned +1.77% while VTV returned +25.21%. Year to date, BND is down 0.41% versus a gain of 17.37% for VTV.
Over three years, BND compounded at +4.33% per year against +19.01% for VTV; over five years the annualized figures are -0.37% and +12.28% respectively. Across the full 19-year window we track, VTV has the edge at +7.55% annualized vs +0.68%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTV has been the more volatile fund, with annualized monthly volatility of 14.5% 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 -61.3% for VTV. 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 0.19. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BND charges 0.03% per year while VTV charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, BND currently yields 4.02% against 1.85% for VTV.
Holdings Overlap
BND and VTV share 4 holdings out of 1486 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 VTV?
BND has an expense ratio of 0.03% while VTV charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, BND or VTV?
Over the past year BND returned +1.77% vs +25.21% for VTV, so VTV leads on 1-year performance. Over the longest common window we track (19 years), BND annualized +0.68% vs +7.55% for VTV. Past performance does not guarantee future results.
Which is riskier, BND or VTV?
VTV has been the more volatile fund at 14.5% annualized versus 4.6% for BND. Worst drawdown: BND -19.6% vs VTV -61.3%.
Should I hold both BND and VTV?
BND and VTV have a monthly-return correlation of 0.19, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BND and VTV?
BND and VTV share 4 common holdings with a 0.0% weight overlap. Combined, they hold 1486 unique securities.
Which pays a higher dividend, BND or VTV?
BND yields 4.02% while VTV yields 1.85%, so BND currently pays the higher dividend yield.
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