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Data as of Oct 28, 2026.

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BND vs USFR: Differences, Returns & Fees

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BND's duration was 5.7 years on Jun 30, 2026 and USFR's 0.0 on May 31, 2026; BND charges 0.03% to USFR's 0.15%.

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askIQ about BND and USFR

Net assets: $161.4bn on Sep 30, 2026 for Vanguard Total Bond Market ETF, and $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund.

BND on its own →USFR on its own →
At a glance
−1.3%
BND total return, 1 year
+4.1%
USFR total return, 1 year
0.03%
BND expense ratio
0.15%
USFR expense ratio

Pair scorecard

BND costs 0.12 points a year less; their one-year returns differ by 5.4 points.

BND vs USFR: Differences, Returns & Fees
MeasureBNDUSFR
Return
Total return, 1 year−1.3%+4.1%
Drawdown
Below its high3.5%, high on Aug 6, 2020
Benchmark
What it tracksBloomberg U.S. Aggregate Float Adjusted IndexBloomberg U.S. Treasury Floating Rate Bond Index
Cost and size
Expense ratio0.03%0.15%
Net assets, BND as of Sep 30, 2026 and USFR as of May 31, 2026$161.4bn$17.0bn
Holdings
Holdings in common0%

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

What they share

0%

By the books each fund has filed, BND and USFR hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jun 30, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BND USFR
Only in one fund ↓
Only in BND
US TREASURY N/B, due Jan 31, 2028 0.47%
US TREASURY N/B, due May 15, 2034 0.41%
US TREASURY N/B, due Nov 15, 2034 0.41%
US TREASURY N/B, due Nov 30, 2027 0.41%
US TREASURY N/B, due Feb 15, 2035 0.41%
US TREASURY N/B, due Feb 15, 2036 0.41%
US TREASURY N/B, due Aug 15, 2034 0.41%
US TREASURY N/B, due Feb 15, 2034 0.40%
Only in USFR
TF 0 10/31/27, due Oct 31, 2027 27.95%
TF 0 07/31/27, due Jul 31, 2027 27.93%
TF 0 01/31/28, due Jan 31, 2028 27.91%
TF 0 04/30/28, due Apr 30, 2028 15.90%
Check overlap with more funds →

Side by side

BND Vanguard Total Bond Market ETF USFR WisdomTree Floating Rate Treasury Fund
Where it sits Bond ETF Bond ETF
Issuer Vanguard WisdomTree
What it is Tracks an index of US aggregate bonds Tracks an index of Floating Rate Treasury
Total return, 1 year −1.3% +4.1%
Its benchmark over the same days −1.4% (AGG) +4.0% (TFLO)
Gap to its benchmark +0.1 pts vs AGG +0.1 pts vs TFLO
Expense ratio 0.03% 0.15%
Holdings 16301 4
Net assets, BND as of Sep 30, 2026 and USFR as of May 31, 2026 $161.4bn $17.0bn

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

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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.

USFR

USFR tracks an index of Floating Rate Treasury. Over the year to Oct 28, 2026 it returned +4.1% with distributions reinvested, against +4.0% for its benchmark, the Bloomberg U.S. Treasury Floating Rate Bond Index. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, BND or USFR?
In the year to Oct 28, 2026, with distributions reinvested, BND returned −1.3% and USFR +4.1%.
Which is cheaper, BND or USFR?
BND is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
BND vs MINTBND vs PULSBND vs BOXXBND vs SHVAGG vs USFRCLIP vs USFRFLDR vs USFRDUSB vs USFR
Where to next
BND on its own →USFR on its own →Hold both: look the portfolio through →Rankings →BND dividend history →BND holdings →USFR dividend history →USFR holdings →Standards and sources →
Sources and dates
BND filings on SEC EDGAR ↗
BND prospectus with the expense ratio (SEC) ↗
Vanguard page for BND ↗
USFR filings on SEC EDGAR ↗
USFR prospectus with the expense ratio (SEC) ↗
WisdomTree page for USFR ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

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ETFIQ, BND against USFR, data as of Oct 28, 2026. https://etfiq.com/compare/any/bnd-vs-usfr

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.