ETF Versus

BND vs VTV

Vanguard Total Bond Market Index Fund vs Vanguard Value Index Fund ETF Shares

Last updated: 2026-04-02

BND Vanguard

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 3.93%. Launched in 2007, the fund has a 19-year track record.

AUM: $150.4B ER: 0.03% Yield: 3.93% Since: Apr 3, 2007
VTV Vanguard

Vanguard Value Index Fund ETF Shares (VTV) is an exchange-traded fund issued by Vanguard that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a very low expense ratio of 0.03%. The fund offers a moderate dividend yield of 2.02%. Launched in 2004, the fund has a 22-year track record.

AUM: $162.0B ER: 0.03% Yield: 2.02% Since: Jan 26, 2004

Quick Verdict

Over the past year, VTV has significantly outperformed with a 14.1% return vs -0.0%. Income investors may prefer BND for its higher yield (3.9% vs 2.0%).

Key Metrics

Metric BND VTV
Expense Ratio 0.03% 0.03%
Dividend Yield 3.9% 2.0%
Fund Family Vanguard Vanguard
Category US Aggregate Bond US Large Cap Value

Performance Chart

Indexed to 100 at start (5-year comparison)

80 96 112 128 144 160 2021-04 2022-06 2023-09 2024-12 2026-04
BND -13.3%
VTV +47.7%

Performance Comparison

Period BND VTV Difference
1 Month -1.63% -4.90% +3.27%
3 Months -0.84% +2.00% -2.84%
6 Months -1.20% +4.87% -6.07%
YTD -0.84% +2.00% -2.84%
1 Year -0.03% +14.12% -14.15%
3 Years -0.73% +41.26% -41.99%
5 Years -13.29% +47.66% -60.95%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period BND Fees VTV Fees You Save
$10.000 10 years $60 $60 $0
$10.000 20 years $258 $258 $0
$10.000 30 years $835 $835 $0
$50.000 10 years $299 $299 $0
$50.000 30 years $4.176 $4.176 $0
$100.000 30 years $8.352 $8.352 $0

Risk Metrics

Based on 5 years of daily returns

Metric BND VTV
Annualized Volatility 6.0% 13.9%
Max Drawdown -21.7% -18.1%
Sharpe Ratio -1.19 0.31

Dividend Comparison

Metric BND VTV
Annual Dividend (per share) $2.88 $3.97
Dividend Yield 3.92% 2.02%
Distribution Frequency Monthly Quarterly

Top Holdings

VTV Top Holdings

NameWeight
Berkshire Hathaway Inc.BRK.B3.07%
JPMorgan Chase & Co.JPM2.98%
Exxon Mobil CorporationXOM2.50%
Johnson & JohnsonJNJ2.33%
Walmart Inc.WMT2.18%
Micron Technology, Inc.MU1.81%
AbbVie Inc.ABBV1.60%
The Procter & Gamble CompanyPG1.52%
The Home Depot, Inc.HD1.47%
Chevron CorporationCVX1.39%

Which One Should You Choose?

Choose VTV 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.

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