Data as of Nov 4, 2026.
BND vs LALT: Differences, Returns & Fees
Over the year to Nov 4, 2026, BND returned +0.2% to LALT's +12.0%, and BND charges 0.03% to LALT's 1.18%.
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Net assets: $167.4bn on Oct 31, 2026 for Vanguard Total Bond Market ETF, and $442m on Nov 3, 2026 for First Trust Multi-Strategy Alternative ETF.
Pair scorecard
BND costs 1.15 points a year less; their one-year returns differ by 11.8 points.
| Measure | BND | LALT |
|---|---|---|
| Return | ||
| Total return, 1 year | +0.2% | +12.0% |
| Total return, 52 weeks | +11.6% | |
| Against its benchmark | ||
| What it tracks | Bloomberg U.S. Aggregate Float Adjusted Index | not published |
| Treasury bills, 52 weeks | +3.7% | |
| Against cash | 8.0 points ahead | |
| Cost and size | ||
| Expense ratio | 0.03% | 1.18% |
| Net assets, BND as of Oct 31, 2026 and LALT as of Nov 3, 2026 | $167.4bn | $442m |
| Holdings | ||
| Holdings in common | not published | |
| Risk | ||
| Correlation with the S&P 500’s weekly returns | +0.34 | |
| Beta to the S&P 500 | +0.17: about 0.17% for each 1% | |
| Its average week when the S&P 500 fell | fell 0.10% | |
| Down-week capture | 8.9% | |
| Weeks the S&P 500 fell | 26 of 52, by 1.07% on average | |
Side by side
BND and LALT 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.
LALT
LALT 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 +0.34 with the S&P 500’s and a beta of +0.17, so for each 1% the index moved it moved about 0.17% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks LALT fell 0.10% on average, a down-week capture of 8.9%. Over the same 52 weeks LALT returned +11.6% and a Treasury bill fund +3.7%, so it finished 8.0 percentage points ahead of cash.
Questions people ask
- Are BND and LALT in the same category?
- BND is a bond ETF and LALT 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 LALT?
- In the year to Nov 4, 2026, with distributions reinvested, BND returned +0.2% and LALT +12.0%.
- Which is cheaper, BND or LALT?
- BND is cheaper, by 1.15 percentage points a year. That is about $115 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.
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ETFIQ, BND against LALT, data as of Nov 4, 2026. https://etfiq.com/compare/any/bnd-vs-lalt
ETFIQ. (Nov 4, 2026). BND against LALT. Retrieved from https://etfiq.com/compare/any/bnd-vs-lalt
[BND against LALT (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/any/bnd-vs-lalt)
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