Data as of Oct 28, 2026.

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BND vs IUSB: Differences, Returns & Fees

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BND's duration was 5.7 years on Jun 30, 2026 and IUSB's 5.5 on Jul 31, 2026; BND charges 0.03% to IUSB's 0.06%.

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Net assets: $161.4bn on Sep 30, 2026 for Vanguard Total Bond Market ETF, and $49.8bn on Oct 27, 2026 for iShares Core Universal USD Bond ETF.

At a glance
−1.3%
BND total return, 1 year
−1.2%
IUSB total return, 1 year
0.03%
BND expense ratio
0.06%
IUSB expense ratio

Pair scorecard

BND costs 0.03 points a year less; their one-year returns differ by 0.1 points; BND is 3.4 times larger.

BND vs IUSB: Differences, Returns & Fees
MeasureBNDIUSB
Return
Total return, 1 year−1.3%−1.2%
Drawdown
Below its high3.5%, high on Aug 6, 2020
Benchmark
What it tracksBloomberg U.S. Aggregate Float Adjusted IndexBloomberg U.S. Universal Index
Cost and size
Expense ratio0.03%0.06%
Net assets, as of Sep 30, 2026$161.4bn$48.1bn
Holdings
Holdings in common57%

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method

Risk and return

Jun 20, 2014 to Oct 23, 2026 · 644 weekly returns
BND IUSB
Return
Total return edge IUSB +24.1% +28.3%
Annualized edge IUSB +1.8% +2.0%
Price return edge IUSB −13.0% −10.7%
Risk
Volatility edge BND (slight) 4.9% 5.0%
Max drawdown edge IUSB (slight) −18.4% −17.7%
Risk-adjusted
Sharpe edge IUSB −0.04 0.02
Sortino edge IUSB −0.06 0.02
Calmar edge IUSB 0.10 0.11
Reading

IUSB returned more: +28.3% to +24.1%. BND swung slightly less: 4.9% to 5.0%. IUSB fell slightly less at its worst: −17.7% to −18.4%.

Full scorecard

9 measures, with how each is measured
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Risk and return: BND vs IUSB: Differences, Returns & Fees
MeasureBNDIUSBEdgeHow it is measured
Return
Total return+24.1%+28.3%IUSBPrice change plus distributions, reinvested.
Annualized+1.8%+2.0%IUSBTotal return as a yearly rate.
Price return−13.0%−10.7%IUSBPrice change alone, distributions left out.
Risk
Volatility4.9%5.0%BND (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation3.6%3.6%BND (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−18.4%−17.7%IUSB (slight)Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe−0.040.02IUSBReturn above Treasury bills per unit of volatility.
Sortino−0.060.02IUSBReturn above Treasury bills per unit of downside deviation.
Calmar0.100.11IUSBAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 644 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

57%

By the books each fund has filed, BND and IUSB hold 57% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

0 half 100%

half

57% in common

Positions both hold · largest shared weight first BND IUSB
US TREASURY N/B, due Feb 15, 2034 0.40% 0.36%
US TREASURY N/B, due Feb 15, 2035 0.41% 0.35%
US TREASURY N/B, due Aug 15, 2035 0.39% 0.34%
US TREASURY N/B, due May 15, 2034 0.41% 0.34%
US TREASURY N/B, due Nov 15, 2034 0.41% 0.34%
US TREASURY N/B, due May 15, 2035 0.36% 0.33%
US TREASURY N/B, due Feb 15, 2036 0.41% 0.33%
US TREASURY N/B, due Aug 15, 2034 0.41% 0.33%
US TREASURY N/B, due Aug 15, 2032 0.32% 0.33%
US TREASURY N/B, due Feb 28, 2030 0.34% 0.31%
US TREASURY N/B, due May 31, 2028 0.33% 0.30%
US TREASURY N/B, due Nov 15, 2035 0.29% 0.32%
Only in one fund ↓
Only in BND
US TREASURY N/B, due Jun 30, 2027 0.19%
US TREASURY N/B, due Jul 31, 2027 0.18%
US TREASURY N/B, due Feb 15, 2030 0.17%
US TREASURY N/B, due Jun 15, 2027 0.16%
US TREASURY N/B, due Jun 30, 2027 0.15%
US TREASURY N/B, due Aug 15, 2029 0.13%
US TREASURY N/B, due Jun 30, 2027 0.12%
G2SF 5 7/26, due Jul 20, 2026 0.11%
Only in IUSB
U.S. Treasury Notes, due Jan 15, 2029 0.21%
Government National Mortgage Association, due Aug 15, 2056 0.16%
Government National Mortgage Association, due Aug 15, 2056 0.14%
Government National Mortgage Association, due Aug 15, 2056 0.13%
Government National Mortgage Association, due Aug 15, 2056 0.13%
Uniform Mortgage-Backed Securities, due Dec 1, 2055 0.11%
Uniform Mortgage-Backed Securities, due Dec 1, 2055 0.11%
Uniform Mortgage-Backed Securities, due Aug 25, 2056 0.10%
Check overlap with more funds →

Side by side

BND Vanguard Total Bond Market ETF IUSB iShares Core Universal USD Bond ETF
Where it sits Bond ETF Bond ETF
What it is Tracks an index of US aggregate bonds Tracks an index of Universal USD Bond
Total return, 1 year −1.3% −1.2%
Its benchmark over the same days −1.4% (AGG) not measured
Gap to its benchmark +0.1 pts vs AGG not measured
Expense ratio 0.03% 0.06%
Holdings 16301 18338
Net assets, BND as of Sep 30, 2026 and IUSB as of Oct 27, 2026 $161.4bn $49.8bn

BND and IUSB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-2334D57FE0

BND and IUSB do different jobs. What does each one do in a portfolio?

  1. What each follows. BND follows Bloomberg U.S. Aggregate Float Adjusted Index and IUSB follows Bloomberg U.S. Universal Index.
  2. Size. BND has $161.4bn in net assets and IUSB $48.1bn (net assets, as of Sep 30, 2026); BND is 3.4 times larger.
  3. Holdings in common (similar). 57% of the weight is in the same securities (holdings dated Jun 30, 2026 and Jul 31, 2026).

Data as of Oct 28, 2026.

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About each fund
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.

IUSB

IUSB tracks an index of Universal USD Bond. Over the year to Oct 28, 2026 it returned −1.2% with distributions reinvested. The prospectus expense ratio is 0.06% a year.

Questions people ask

Which returned more over the last year, BND or IUSB?
In the year to Oct 28, 2026, with distributions reinvested, BND returned −1.3% and IUSB −1.2%.
Which is cheaper, BND or IUSB?
BND is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, BND against IUSB, data as of Oct 28, 2026. https://etfiq.com/compare/any/bnd-vs-iusb

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