Which returned more over the last year, BND or QAI?

In the year to Sep 19, 2026, with distributions reinvested, BND returned −0.4% and QAI returned +9.1%, so QAI returned more.

Which is cheaper, BND or QAI?

BND charges 0.03% a year and QAI charges 0.81%, so BND is cheaper. Fees come from each fund's prospectus.

Are BND and QAI the same kind of fund?

No. BND is an index ETF and QAI is an alternatives ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

Data as of Sep 19, 2026.

ETFIQetfiq.com · independent ETF data

BND vs QAI: how they differ

Over the year QAI returned more, +9.1% to BND's −0.4%, and BND charges 0.03% to QAI's 0.81%.

Vanguard Total Bond Market ETF and NYLIM Hedge Multi-Strategy Tracker ETF.

BND and QAI on the fields both publish, as of Sep 19, 2026. Source: ETFIQ.
	BND Vanguard Total Bond Market ETF	QAI NYLIM Hedge Multi-Strategy Tracker ETF
Where it sits	Core fund	Alternatives ETF
Issuer	Vanguard	New York Life Investments
What it is	Tracks an index of US aggregate bonds	Multi-strategy
Total return, 1 year	−0.4%	+9.1%
S&P 500 over the same days	+16.6%	+16.6%
Gap to the S&P 500	−17.0 pts	−7.5 pts
Expense ratio	0.03%	0.81%
Holdings	16296	not filed
Net assets	$163.3bn	$968m

BND in plain words

BND tracks an index of US aggregate bonds. Over the year to Sep 18, 2026 it returned −0.4% with distributions reinvested, against +16.6% for the S&P 500 and +21.8% for the Nasdaq-100. The prospectus expense ratio is 0.03% a year. It sat 3.9% below its high of Aug 6, 2020 on Sep 18, 2026.

QAI in plain words

QAI 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 Sep 18, 2026, its weekly returns had a correlation of +0.85 with the S&P 500’s and a beta of +0.42, so for each 1% the index moved it moved about 0.42% the same way. The S&P 500 fell in 22 of those 52 weeks, by 1.24% on average. In the same weeks QAI fell 0.42% on average, a down-week capture of 34.0%. Over the same 52 weeks QAI returned +9.0% and a Treasury bill fund +3.6%, so it finished 5.4 percentage points ahead of cash.

Questions people ask

Which returned more over the last year, BND or QAI?: In the year to Sep 19, 2026, with distributions reinvested, BND returned −0.4% and QAI returned +9.1%, so QAI returned more.
Which is cheaper, BND or QAI?: BND charges 0.03% a year and QAI charges 0.81%, so BND is cheaper. Fees come from each fund's prospectus.
Are BND and QAI the same kind of fund?: No. BND is an index ETF and QAI is an alternatives ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

BND against QAI, ETFIQ, data as of Sep 19, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, BND against QAI, data as of Sep 19, 2026. https://etfiq.com/compare/any/bnd-vs-qai Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources