BND vs SCHV
Vanguard Total Bond Market Index Fund vs Schwab U.S. Large-Cap Value ETF
Last updated: 2026-04-02
Vanguard Total Bond Market Index Fund (BND) is an exchange-traded fund issued by Vanguard 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.
Schwab U.S. Large-Cap Value ETF (SCHV) is an exchange-traded fund issued by Schwab that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 1.96%. Launched in 2009, the fund has a 17-year track record.
Quick Verdict
Both funds have nearly identical expense ratios (0.03% vs 0.04%), so fees are not a differentiator here. Over the past year, SCHV has significantly outperformed with a 14.5% return vs 0.3%. Income investors may prefer BND for its higher yield (3.9% vs 2.0%).
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
BND Top Holdings
| Name | Weight |
|---|---|
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | 114.21% |
| United States Treasury Note/Bond | 37.98% |
Which One Should You Choose?
Choose SCHV if...
recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.
Choose BND if...
you prioritize dividend income and want higher regular distributions from your portfolio.