Data as of Oct 28, 2026.
BND vs VOE: Differences, Returns & Fees
Over the year to Oct 28, 2026, BND returned −1.3% to VOE's +22.8%; 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 $22.8bn for Vanguard Morningstar Mid-Cap Value ETF.
Pair scorecard
BND costs 0.02 points a year less; their one-year returns differ by 24.1 points; BND is 7.1 times larger.
| Measure | BND | VOE |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.3% | +22.8% |
| Drawdown | ||
| Below its high | 3.5%, high on Aug 6, 2020 | |
| Benchmark | ||
| What it tracks | Bloomberg U.S. Aggregate Float Adjusted Index | Morningstar US Mid Cap Value Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.05% |
| Net assets, as of Sep 30, 2026 | $161.4bn | $22.8bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 96% | |
| Top ten holdings, share of the fund | 14.0% | |
Holdings in common uses holdings dated Sep 30, 2026. Method
Risk and return
Apr 20, 2007 to Oct 23, 2026 · 1,018 weekly returnsVOE returned more: +417.6% to +75.5%. BND swung less: 5.0% to 20.6%. BND fell less at its worst: −18.4% to −61.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | BND | VOE | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +75.5% | +417.6% | VOE | Price change plus distributions, reinvested. |
| Annualized | +2.9% | +8.8% | VOE | Total return as a yearly rate. |
| Price return | −5.4% | +240.1% | VOE | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 5.0% | 20.6% | BND | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 3.7% | 14.7% | BND | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −18.4% | −61.2% | BND | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.29 | 0.44 | VOE | Return above Treasury bills per unit of volatility. |
| Sortino | 0.39 | 0.61 | VOE | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.16 | 0.14 | BND (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,018 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BND and VOE hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.
half
0% in common
Only in one fund ↓
Side by side
BND and VOE on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BND and VOE do different jobs. What does each one do in a portfolio?
- What each follows. BND follows Bloomberg U.S. Aggregate Float Adjusted Index and VOE follows Morningstar US Mid Cap Value Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 BND returned −1.3% and VOE +22.8% with distributions reinvested, a gap of 24.1 points.
Data as of Oct 28, 2026.
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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.
VOE
VOE tracks an index of Mid-Cap Value. Over the year to Oct 28, 2026 it returned +22.8% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 169 positions, with the top ten at 14.0%.
Questions people ask
- Which returned more over the last year, BND or VOE?
- In the year to Oct 28, 2026, with distributions reinvested, BND returned −1.3% and VOE +22.8%.
- Which is cheaper, BND or VOE?
- 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.
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 VOE, data as of Oct 28, 2026. https://etfiq.com/compare/any/bnd-vs-voe
ETFIQ. (Oct 28, 2026). BND against VOE. Retrieved from https://etfiq.com/compare/any/bnd-vs-voe
[BND against VOE (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bnd-vs-voe)
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