Data as of Nov 4, 2026.
BND vs HDG: Differences, Returns & Fees
Over the year to Nov 4, 2026, BND returned +0.2% to HDG's +7.3%, and BND charges 0.03% to HDG's 0.95%.
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Net assets: $167.4bn on Oct 31, 2026 for Vanguard Total Bond Market ETF, and $22m on Nov 4, 2026 for ProShares Hedge Replication ETF.
Pair scorecard
BND costs 0.92 points a year less; their one-year returns differ by 7.1 points.
| Measure | BND | HDG |
|---|---|---|
| Return | ||
| Total return, 1 year | +0.2% | +7.3% |
| Total return, 52 weeks | +6.7% | |
| Against its benchmark | ||
| What it tracks | Bloomberg U.S. Aggregate Float Adjusted Index | not published |
| Treasury bills, 52 weeks | +3.7% | |
| Against cash | 3.0 points ahead | |
| Cost and size | ||
| Expense ratio | 0.03% | 0.95% |
| Net assets, BND as of Oct 31, 2026 and HDG as of Nov 4, 2026 | $167.4bn | $22m |
| Holdings | ||
| Holdings in common | not published | |
| Risk | ||
| Correlation with the S&P 500’s weekly returns | +0.85 | |
| Beta to the S&P 500 | +0.37: about 0.37% for each 1% | |
| Its average week when the S&P 500 fell | fell 0.41% | |
| Down-week capture | 38.0% | |
| Weeks the S&P 500 fell | 26 of 52, by 1.07% on average | |
Side by side
BND and HDG on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.
BND
BND tracks an index of US aggregate bonds. Over the year to Nov 4, 2026 it returned +0.2% with distributions reinvested, against +0.2% 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.
HDG
HDG is a multi-strategy fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.85 with the S&P 500’s and a beta of +0.37, so for each 1% the index moved it moved about 0.37% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks HDG fell 0.41% on average, a down-week capture of 38.0%. Over the same 52 weeks HDG returned +6.7% and a Treasury bill fund +3.7%, so it finished 3.0 percentage points ahead of cash.
Questions people ask
- Are BND and HDG in the same category?
- BND is a bond ETF and HDG is an alternatives ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, BND or HDG?
- In the year to Nov 4, 2026, with distributions reinvested, BND returned +0.2% and HDG +7.3%.
- Which is cheaper, BND or HDG?
- BND is cheaper, by 0.92 percentage points a year. That is about $92 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, BND against HDG, data as of Nov 4, 2026. https://etfiq.com/compare/any/bnd-vs-hdg
ETFIQ. (Nov 4, 2026). BND against HDG. Retrieved from https://etfiq.com/compare/any/bnd-vs-hdg
[BND against HDG (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/any/bnd-vs-hdg)
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