ETF Versus

BND vs IAU

Vanguard Total Bond Market Index Fund vs iShares Gold Trust

Last updated: 2026-04-09

BND

Vanguard Total Bond Market Index Fund (BND) is an exchange-traded fund that provides exposure to the broad U.S. investment-grade bond market. It charges a very low expense ratio of 0.03%. The fund offers an attractive dividend yield of 3.92%. Launched in 2007, the fund has a 19-year track record.

AUM: $151.4B ER: 0.03% Yield: 3.92% Since: Apr 3, 2007
IAU

iShares Gold Trust (IAU) is an exchange-traded fund that provides exposure to gold securities. It charges a moderate expense ratio of 0.25%. Launched in 2005, the fund has a 21-year track record.

AUM: $73.9B ER: 0.25% Yield: N/A Since: Jan 21, 2005

Quick Verdict

BND is significantly cheaper at 0.03% vs 0.25% expense ratio, saving you approximately $435 per $10,000 invested over 10 years. Over the past year, IAU has significantly outperformed with a 51.5% return vs 1.2%.

Key Metrics

Metric BND IAU
Expense Ratio 0.03% 0.25%
Dividend Yield 3.9% N/A
Fund Family N/A N/A
Category US Aggregate Bond Gold

Performance Chart

Indexed to 100 at start (5-year comparison)

80 125 170 215 260 305 2021-04 2022-07 2023-10 2024-12 2026-04
BND -13.4%
IAU +166.3%

Performance Comparison

Period BND IAU Difference
1 Month -0.86% -9.60% +8.74%
3 Months -0.96% +4.21% -5.17%
6 Months -1.42% +14.25% -15.67%
YTD -0.62% +8.46% -9.08%
1 Year +1.24% +51.52% -50.28%
3 Years -0.49% +134.21% -134.70%
5 Years -13.36% +168.06% -181.42%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period BND Fees IAU Fees You Save
$10,000 10 years $60 $495 $435
$10,000 20 years $258 $2,111 $1,853
$10,000 30 years $835 $6,758 $5,923
$50,000 10 years $299 $2,473 $2,173
$50,000 30 years $4,176 $33,792 $29,616
$100,000 30 years $8,352 $67,584 $59,232

Risk Metrics

Based on 5 years of daily returns

Metric BND IAU
Annualized Volatility 6.0% 17.7%
Max Drawdown -21.7% -20.9%
Sharpe Ratio -1.19 0.95

Dividend Comparison

Metric BND IAU
Annual Dividend (per share) $2.89 $0.00
Dividend Yield 3.92% 0.00%
Distribution Frequency Monthly None

Which One Should You Choose?

Choose BND if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose IAU if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

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