Data as of Oct 28, 2026.
BND vs BOND: Differences, Returns & Fees
Over the year to Oct 28, 2026, BND returned −1.3% to BOND's −1.4%, and BND charges 0.03% to BOND's 0.54%.
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Net assets: $161.4bn on Sep 30, 2026 for Vanguard Total Bond Market ETF, and $8.3bn on Jun 30, 2026 for PIMCO Active Bond Exchange-Traded Fund.
Pair scorecard
BND costs 0.51 points a year less; their one-year returns differ by 0.1 points.
| Measure | BND | BOND |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.3% | −1.4% |
| Drawdown | ||
| Below its high | 3.5%, high on Aug 6, 2020 | 3.1%, high on Feb 27, 2026 |
| Benchmark | ||
| What it tracks | Bloomberg U.S. Aggregate Float Adjusted Index | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.03% | 0.54% |
| Net assets, BND as of Sep 30, 2026 and BOND as of Jun 30, 2026 | $161.4bn | $8.3bn |
| Holdings | ||
| Holdings in common | 2% | |
Holdings in common uses holdings dated Jun 30, 2026. Method
Risk and return
Mar 9, 2012 to Oct 23, 2026 · 763 weekly returns · each against AGGBOND returned more: +47.4% to +29.7%. BND swung slightly less: 4.7% to 4.9%. BND fell slightly less at its worst: −18.4% to −19.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | BND | BOND | AGG | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +29.7% | +47.4% | BOND | Price change plus distributions, reinvested. | |
| Annualized | +1.8% | +2.7% | BOND | Total return as a yearly rate. | |
| Price return | −14.8% | −12.6% | BOND | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 4.7% | 4.9% | BND (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 3.4% | 3.6% | BND (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −18.4% | −19.5% | BND (slight) | Deepest fall from a high to the low after it. | |
| Upside capture | 100.0% | 102.2% | 100.0% | BOND (slight) | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 100.0% | 95.5% | 100.0% | BOND (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.99 | 0.97 | 1.00 | Tie | How far it moves for each 1% its benchmark moves. |
| R squared | 0.99 | 0.88 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.03 | 0.21 | BOND | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.04 | 0.28 | BOND | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.001 | 0.010 | 0.001 | BOND | Return above Treasury bills per unit of beta. |
| Calmar | 0.10 | 0.14 | BOND | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | AGG | AGG | AGG | The ETF each fund is measured against. | |
| Alpha | 0.0% a year | +0.9% a year | 0.0% | BOND significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.08 | 2.05 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −0.2% to +0.3% | 0.0% to +1.7% | BND's includes zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.02 | 0.53 | BOND | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.5% | 1.7% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 763 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BND and BOND hold 2% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.
half
2% in common
Only in one fund ↓
Side by side
BND and BOND on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BND and BOND do different jobs. What does each one do in a portfolio?
- What each follows. BND follows Bloomberg U.S. Aggregate Float Adjusted Index and BOND follows No index, actively managed.
- Holdings in common. 2% of the weight is in the same securities (holdings dated Jun 30, 2026).
- Number of holdings. BND holds 16,301 positions and BOND holds 1565.
Data as of Oct 28, 2026.
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BND
BND tracks an index of US aggregate bonds. Over the year to Oct 28, 2026 it returned −1.3% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Float Adjusted Index, measured by the closely related Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.03% a year. It sat 3.5% below its high of Aug 6, 2020 on Oct 28, 2026.
BOND
BOND is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −1.4% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Index. The prospectus expense ratio is 0.54% a year. It sat 3.1% below its high of Feb 27, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, BND or BOND?
- In the year to Oct 28, 2026, with distributions reinvested, BND returned −1.3% and BOND −1.4%.
- Which is cheaper, BND or BOND?
- BND is cheaper, by 0.51 percentage points a year. That is about $51 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, BND against BOND, data as of Oct 28, 2026. https://etfiq.com/compare/any/bnd-vs-bond
ETFIQ. (Oct 28, 2026). BND against BOND. Retrieved from https://etfiq.com/compare/any/bnd-vs-bond
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