BND — Vanguard Total Bond Market Index Fund

BND Price Performance — Growth of $10,000

Value of a $10,000 investment in BND over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

BND Drawdown

The "underwater" chart: BND's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Vanguard Total Bond Market Index Fund (BND) operates within the US Bonds - Broad category, where ETFValuer tracks a total of 7 funds. Issued by Vanguard, this ETF has accumulated assets under management of $398 billion and trades at a price of $72.64. It holds an overall rank of #262 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 59.4 out of 100. The fund offers a low cost structure with an expense ratio of 0.03% while providing a dividend yield of 3.95%. The substantial asset size and low expense ratio suggest significant investor adoption relative to the broader market, despite its mid-tier ranking among all tracked funds.

Recent performance data shows a mixed pattern across various time horizons, starting with a 1-day return of +0.25% and a 1-week gain of +0.17%. Short-term momentum shifted negatively over the last month with a -1.07% return, followed by a -0.50% decline over three months and a -0.34% drop over six months. Year-to-date performance remains nearly flat at +0.06%, indicating a lack of sustained upward movement in the current period. However, the fund has recovered over longer durations, posting a 1-year return of +3.33% and a 3-year return of +13.22%. This trajectory illustrates a divergence where short-term periods have been negative or flat, while the 1-year and 3-year figures reflect positive cumulative growth.

BND carries a volatility label of Very Low and a beta of 0.98, suggesting its price movements generally align closely with the broader market but with reduced magnitude. The fund's Sharpe ratio stands at -0.45, indicating that the risk-adjusted returns have been negative over the measured period. A maximum drawdown of -5.28% highlights the largest peak-to-trough decline experienced by the fund. This combination of a low beta and very low volatility label implies the fund typically experiences smaller swings than the market, yet the negative Sharpe ratio and specific drawdown figure show that these periods of reduced volatility have not necessarily translated into positive risk-adjusted gains during the observed timeframe.

AI-generated summary based on the data on this page.

BND Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 4.8% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how BND's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With BND

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with BND's top 10 — VCSH overlaps most, holding 2 of the same companies as BND's top 10 (4.8% of BND's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

BND Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.06% and average daily volume is 8.1M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $398B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: BND is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

BND Performance History

How BND Compares to Other US Bonds - Broad ETFs