Data as of Oct 28, 2026.

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BND vs VBR: Differences, Returns & Fees

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Over the year to Oct 28, 2026, BND returned −1.3% to VBR's +17.6%; 0% of their weight is in the same names.

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Net assets on Sep 30, 2026: $161.4bn for Vanguard Total Bond Market ETF and $35.1bn for Vanguard Morningstar Small-Cap Value ETF.

At a glance
−1.3%
BND total return, 1 year
+17.6%
VBR total return, 1 year
0.03%
BND expense ratio
0.05%
VBR expense ratio

Pair scorecard

BND costs 0.02 points a year less; their one-year returns differ by 18.9 points; BND is 4.6 times larger.

BND vs VBR: Differences, Returns & Fees
MeasureBNDVBR
Return
Total return, 1 year−1.3%+17.6%
Drawdown
Below its high3.5%, high on Aug 6, 20203.9%, high on Aug 14, 2026
Benchmark
What it tracksBloomberg U.S. Aggregate Float Adjusted IndexMorningstar US Small Cap Value Index
Cost and size
Expense ratio0.03%0.05%
Net assets, as of Sep 30, 2026$161.4bn$35.1bn
Holdings
Holdings in common0%
In the S&P 500, by weight30%
Top ten holdings, share of the fund5.9%

Holdings in common uses holdings dated Sep 30, 2026. Method

What they share

0%

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

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BND VBR
MKTLIQ 0.92% 0.10%
Only in one fund ↓
Only in BND
United States Treasury Note/Bond 0.41%
United States Treasury Note/Bond 0.41%
United States Treasury Note/Bond 0.41%
United States Treasury Note/Bond 0.41%
United States Treasury Note/Bond 0.41%
United States Treasury Note/Bond 0.40%
United States Treasury Note/Bond 0.39%
United States Treasury Note/Bond 0.38%
Only in VBR
Moderna Inc 0.79%
Jabil Inc 0.68%
SLCMT1142 0.62%
Williams-Sonoma Inc 0.61%
Atmos Energy Corp 0.60%
F5 Inc 0.57%
Smurfit Westrock PLC 0.53%
Tapestry Inc 0.52%
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Side by side

BND Vanguard Total Bond Market ETF VBR Vanguard Morningstar Small-Cap Value ETF
Where it sits Bond ETF Stock ETF
What it is Tracks an index of US aggregate bonds Tracks an index of Small-Cap Value
Total return, 1 year −1.3% +17.6%
Its benchmark over the same days −1.4% (AGG) not measured
Gap to its benchmark +0.1 pts vs AGG not measured
Expense ratio 0.03% 0.05%
Holdings 16301 822
Net assets, as of Sep 30, 2026 $161.4bn $35.1bn

BND and VBR 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.

VBR

VBR tracks an index of Small-Cap Value. Over the year to Oct 28, 2026 it returned +17.6% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 30% of the fund by weight is stocks the S&P 500 also holds, across 822 positions, with the top ten at 5.9%. It sat 3.9% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BND or VBR?
In the year to Oct 28, 2026, with distributions reinvested, BND returned −1.3% and VBR +17.6%.
Which is cheaper, BND or VBR?
BND is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, BND against VBR, data as of Oct 28, 2026. https://etfiq.com/compare/any/bnd-vs-vbr

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