Data as of Nov 4, 2026.
BND vs QIS: Differences, Returns & Fees
Over the year to Nov 4, 2026, BND returned +0.2% to QIS's −45.8%, and BND charges 0.03% to QIS's 1.13%.
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Net assets: $167.4bn on Oct 31, 2026 for Vanguard Total Bond Market ETF, and $47m on Nov 3, 2026 for Simplify Multi-QIS Alternative ETF.
Pair scorecard
BND costs 1.10 points a year less; their one-year returns differ by 46.0 points.
| Measure | BND | QIS |
|---|---|---|
| Return | ||
| Total return, 1 year | +0.2% | −45.8% |
| Total return, 52 weeks | −47.1% | |
| Against its benchmark | ||
| What it tracks | Bloomberg U.S. Aggregate Float Adjusted Index | not published |
| Treasury bills, 52 weeks | +3.7% | |
| Against cash | 50.7 points behind | |
| Cost and size | ||
| Expense ratio | 0.03% | 1.13% |
| Net assets, BND as of Oct 31, 2026 and QIS as of Nov 3, 2026 | $167.4bn | $47m |
| Holdings | ||
| Holdings in common | not published | |
| Risk | ||
| Correlation with the S&P 500’s weekly returns | +0.03 | |
| Beta to the S&P 500 | +0.10: about 0.10% for each 1% | |
| Its average week when the S&P 500 fell | fell 2.05% | |
| Down-week capture | 191.0% | |
| Weeks the S&P 500 fell | 26 of 52, by 1.07% on average | |
Risk and return
Jul 21, 2023 to Oct 30, 2026 · 171 weekly returnsFrom Jul 2023 to Oct 2026, BND returned more: +11.3% to −49.2%. BND swung less: 5.1% to 27.9%. BND fell less at its worst: −5.2% to −61.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | BND | QIS | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +11.3% | −49.2% | BND | Price change plus distributions, reinvested. |
| Annualized | +3.3% | −18.6% | BND | Total return as a yearly rate. |
| Price return | −1.5% | −54.9% | BND | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 5.1% | 27.9% | BND | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 3.7% | 21.7% | BND | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −5.2% | −61.7% | BND | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.22 | −0.76 | BND | Return above Treasury bills per unit of volatility. |
| Sortino | −0.31 | −0.98 | BND | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.64 | −0.30 | BND | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 171 weekly returns. Cash rate: the 13-week Treasury bill.
Side by side
BND and QIS on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.
Client brief:
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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.
QIS
QIS 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 +0.03 with the S&P 500’s and a beta of +0.10, so for each 1% the index moved it moved about 0.10% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks QIS fell 2.05% on average, a down-week capture of 191.0%. Over the same 52 weeks QIS returned −47.1% and a Treasury bill fund +3.7%, so it finished 50.7 percentage points behind cash.
Questions people ask
- Are BND and QIS in the same category?
- BND is a bond ETF and QIS 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 QIS?
- In the year to Nov 4, 2026, with distributions reinvested, BND returned +0.2% and QIS −45.8%.
- Which is cheaper, BND or QIS?
- BND is cheaper, by 1.10 percentage points a year. That is about $110 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, BND against QIS, data as of Nov 4, 2026. https://etfiq.com/compare/any/bnd-vs-qis
ETFIQ. (Nov 4, 2026). BND against QIS. Retrieved from https://etfiq.com/compare/any/bnd-vs-qis
[BND against QIS (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/any/bnd-vs-qis)
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