Data as of Oct 27, 2026.
BND vs HEDG: Differences, Returns & Fees
Over the year to Oct 27, 2026, BND returned −1.1% to HEDG's +9.4%, and BND charges 0.03% to HEDG's 0.96%.
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Net assets: $161.4bn on Sep 30, 2026 for Vanguard Total Bond Market ETF, and $427m on Jul 31, 2026 for Equable Shares Hedged Equity ETF.
Pair scorecard
BND costs 0.93 points a year less; their one-year returns differ by 10.5 points.
| Measure | BND | HEDG |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.1% | +9.4% |
| Total return, 52 weeks | +9.4% | |
| Drawdown | ||
| Below its high | 3.4%, high on Aug 6, 2020 | |
| Against its benchmark | ||
| What it tracks | Bloomberg U.S. Aggregate Float Adjusted Index | not published |
| Treasury bills, 52 weeks | +3.7% | |
| Against cash | 5.8 points ahead | |
| Cost and size | ||
| Expense ratio | 0.03% | 0.96% |
| Net assets, BND as of Sep 30, 2026 and HEDG as of Jul 31, 2026 | $161.4bn | $427m |
| Holdings | ||
| Holdings in common | not published | |
| Risk | ||
| Correlation with the S&P 500’s weekly returns | +0.85 | |
| Beta to the S&P 500 | +0.28: about 0.28% for each 1% | |
| Its average week when the S&P 500 fell | fell 0.21% | |
| Down-week capture | 19.4% | |
| Weeks the S&P 500 fell | 25 of 52, by 1.10% on average | |
Side by side
BND and HEDG on the fields both publish, as of Oct 27, 2026. Source: ETFIQ.
BND
BND tracks an index of US aggregate bonds. Over the year to Oct 27, 2026 it returned −1.1% with distributions reinvested, against −1.2% 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. It sat 3.4% below its high of Aug 6, 2020 on Oct 27, 2026.
HEDG
HEDG is a hedged equity fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Oct 27, 2026, its weekly returns had a correlation of +0.85 with the S&P 500’s and a beta of +0.28, so for each 1% the index moved it moved about 0.28% the same way. The S&P 500 fell in 25 of those 52 weeks, by 1.10% on average. In the same weeks HEDG fell 0.21% on average, a down-week capture of 19.4%. Over the same 52 weeks HEDG returned +9.4% and a Treasury bill fund +3.7%, so it finished 5.8 percentage points ahead of cash.
Questions people ask
- Are BND and HEDG in the same category?
- BND is a bond ETF and HEDG 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 HEDG?
- In the year to Oct 27, 2026, with distributions reinvested, BND returned −1.1% and HEDG +9.4%.
- Which is cheaper, BND or HEDG?
- BND is cheaper, by 0.93 percentage points a year. That is about $93 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, BND against HEDG, data as of Oct 27, 2026. https://etfiq.com/compare/any/bnd-vs-hedg
ETFIQ. (Oct 27, 2026). BND against HEDG. Retrieved from https://etfiq.com/compare/any/bnd-vs-hedg
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