Compare/Updated Oct 26, 2026, refreshed every trading day
BIV vs BND
Vanguard Intermediate-Term Bond ETF against Vanguard Total Bond Market ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
BIV did better over the period: $1,000 invested on October 28, 2022 grew to $1,174, versus $1,161 for BND, a 17.4% versus 16.1% total return. BIV also led over three years, one month, and most other listed periods, beating BND in 30 of the last 48 months. The advantage was modest, with a typical monthly gap of 0.11 percentage points, and the funds remained highly correlated at 0.986. BIV carried slightly more risk: 4.3% versus 4.0% volatility over the last 12 months, and a worst drawdown of -7.7% versus -7.2% for BND. Both charge a 0.03% expense ratio. BIV’s stronger result matters for investors seeking somewhat higher returns, while BND offered marginally lower volatility and drawdown risk.
- Price is below its 200-day average ($75); 50-day at $74.
- RSI 60, neutral. Supertrend says buy. ADX 23, so the trend is developing.
- Price is below its 200-day average ($72); 50-day at $71.
- RSI 61, neutral. Supertrend says buy. ADX 25, so the trend is developing.
Head to head
Which has returned more, BIV or BND?
BIV beat BND in 30 of the last 48 months; BND won the other 18. The typical monthly gap was 0.11 points.
Total return by period
Which is riskier?
BIV: May 4, 2023 to Oct 19, 2023; BND: Apr 5, 2023 to Oct 19, 2023
- 0.986
- correlation of daily moves, 4 years
- 1.04
- BIV move per 1% in BND
- 0.985
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 0.11 points.
When did they diverge?
| Month | BIV | BND | Gap |
|---|---|---|---|
| March 2023 | +3.4% | +2.7% | +0.73 pts |
| June 2023 | -0.8% | -0.2% | -0.53 pts |
| April 2025 | +0.9% | +0.4% | +0.53 pts |
| October 2024 | -2.9% | -2.5% | -0.40 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with BIV and BND?
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