Data as of Nov 4, 2026.
BND vs TFPN: Differences, Returns & Fees
Over the year to Nov 4, 2026, BND returned +0.2% to TFPN's +14.2%, and BND charges 0.03% to TFPN's 1.13%.
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Net assets: $167.4bn on Oct 31, 2026 for Vanguard Total Bond Market ETF, and $170m on Jun 30, 2026 for Blueprint Chesapeake Multi-Asset Trend ETF.
Pair scorecard
BND costs 1.10 points a year less; their one-year returns differ by 14.0 points.
| Measure | BND | TFPN |
|---|---|---|
| Return | ||
| Total return, 1 year | +0.2% | +14.2% |
| Total return, 52 weeks | +14.4% | |
| Against its benchmark | ||
| What it tracks | Bloomberg U.S. Aggregate Float Adjusted Index | not published |
| Treasury bills, 52 weeks | +3.7% | |
| Against cash | 10.8 points ahead | |
| Cost and size | ||
| Expense ratio | 0.03% | 1.13% |
| Net assets, BND as of Oct 31, 2026 and TFPN as of Jun 30, 2026 | $167.4bn | $170m |
| Holdings | ||
| Holdings in common | not published | |
| Risk | ||
| Correlation with the S&P 500’s weekly returns | +0.75 | |
| Beta to the S&P 500 | +1.00: about 1.00% for each 1% | |
| Its average week when the S&P 500 fell | fell 1.32% | |
| Down-week capture | 123.6% | |
| 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 returnsEach against its own benchmark: BND against AGG, Apr 20, 2007 to Oct 30, 2026; TFPN against VOO, Jul 21, 2023 to Oct 30, 2026.
From Jul 2023 to Oct 2026, TFPN returned more: +18.9% to +11.3%. BND swung less: 5.1% to 10.7%. BND fell less at its worst: −5.2% to −15.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | BND | TFPN | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +11.3% | +18.9% | TFPN | Price change plus distributions, reinvested. |
| Annualized | +3.3% | +5.4% | TFPN | Total return as a yearly rate. |
| Price return | −1.5% | +16.7% | TFPN | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 5.1% | 10.7% | BND | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 3.7% | 7.9% | BND | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −5.2% | −15.4% | BND | Deepest fall from a high to the low after it. |
| Upside capture | 95.8% | 30.5% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 95.6% | 53.6% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.91 | 0.38 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.94 | 0.25 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | −0.22 | 0.12 | TFPN | Return above Treasury bills per unit of volatility. |
| Sortino | −0.31 | 0.17 | TFPN | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.016 | 0.035 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.64 | 0.35 | BND | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | AGG | VOO | The ETF each fund is measured against. | |
| Alpha | +0.2% a year | −3.7% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.61 | −0.73 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.4% to +0.7% | −13.9% to +6.4% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.03 | −0.95 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.3% | 12.7% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
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 TFPN 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.
TFPN
TFPN is a managed futures 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 +0.75 with the S&P 500’s and a beta of +1.00, so for each 1% the index moved it moved about 1.00% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks TFPN fell 1.32% on average, a down-week capture of 123.6%. Over the same 52 weeks TFPN returned +14.4% and a Treasury bill fund +3.7%, so it finished 10.8 percentage points ahead of cash.
Questions people ask
- Are BND and TFPN in the same category?
- BND is a bond ETF and TFPN 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 TFPN?
- In the year to Nov 4, 2026, with distributions reinvested, BND returned +0.2% and TFPN +14.2%.
- Which is cheaper, BND or TFPN?
- 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 TFPN, data as of Nov 4, 2026. https://etfiq.com/compare/any/bnd-vs-tfpn
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