BND — Vanguard Total Bond Market Index Fund ETF Shares

BND Price Performance — Growth of $10,000

Value of a $10,000 investment in BND over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

BND Drawdown

The "underwater" chart: BND's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

Vanguard Total Bond Market Index Fund ETF Shares is a broad US bond fund issued by Vanguard with $389 billion in assets. It holds a C grade and ranks first among seven peers in its category, while sitting at number 243 across all tracked ETFs. The fund’s 0.03% expense ratio matches the category median, but its 4.19% dividend yield trails the 4.36% median. Top ten holdings represent only 4.6% of assets, with the largest position being the Vanguard Market Liquidity Fund at 0.9%.

The fund’s price sits at 10.2% of its 52-week range, reflecting a recent 1D gain of 0.31% after a 1W increase of 0.19%. Short-term performance shows weakness with one-month, three-month, and six-month returns of -1.76%, -2.48%, and -2.81% respectively. Year-to-date performance is -2.24%, while the one-year return of -1.60% slightly outperforms the category median of -1.62%. Long-term results are stronger, with a three-year return of +13.33%. The C grade has remained unchanged over the last 35 tracked days, and price history is available for 3.0 years.

With a volatility of 3.86% labeled Very Low, the fund exhibits minimal price fluctuation. Its beta of 0.98 indicates it moves almost in lockstep with the broader market. A Sharpe ratio of -1.71 suggests poor risk-adjusted returns relative to the risk-free rate during the measured period. The maximum drawdown of -4.74% highlights the largest peak-to-trough decline recorded. Liquidity is robust, supported by an average daily volume of 8,897,225 shares.

AI-generated summary based on the data on this page.

BND Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 4.6% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how BND's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With BND

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with BND's top 10 — VCSH overlaps most, holding 2 of the same companies as BND's top 10 (4.6% of BND's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 5.28% (as of 2026-10-07) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 15.08 (as of 2026-10-07) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

BND Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 8.9M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $389B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: BND is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

BND Performance History

How BND Compares to Other US Bonds - Broad ETFs