BLV vs SPY

Comparison between VANGUARD LONG-TERM BOND INDEX FUND ETF SHARES (BLV, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed BLV, delivering a return of +13.3% compared to -3.2%

BLV vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BLV(ETF)	SPY(ETF)
Net Assets	$8.70B	$652B
Expense Ratio	0.03%	0.09%
Max Drawdown	46.31%	56.47%
Sharpe Ratio	0.24	2.07
5Y Beta	0.12	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	-10.92%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

BLV

$8.70B

Winner

SPY

$652B

Expense Ratio

Winner

BLV

0.03%

SPY

0.09%

Max Drawdown

Winner

BLV

46.31%

SPY

56.47%

Sharpe Ratio

BLV

0.24

Winner

SPY

2.07

5Y Beta

Winner

BLV

0.12

SPY

1.00

P/E Ratio

BLV

N/A

SPY

28.24

Forward P/E

BLV

N/A

SPY

21.85

5Y Dividends CAGR

BLV

-10.92%

Winner

SPY

5.43%

5Y EPS CAGR

BLV

N/A

SPY

25.79%

Debt to Equity

BLV

N/A

SPY

22.35%

P/S Ratio

BLV

N/A

SPY

3.55

P/B Ratio

BLV

N/A

SPY

5.29

BLV vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	BLV	SPY
1 month	-0.09%	+9.11%
3 months	-0.29%	+6.59%
6 months	-0.32%	+10.56%
1 year	+6.25%	+32.04%
5 years(CAGR)	-3.17%	+13.35%
10 years(CAGR)	+1.13%	+15.49%
Max(CAGR)	+4.25%	+8.50%

BLV

-0.09%

Winner

SPY

+9.11%

BLV

-0.29%

Winner

SPY

+6.59%

BLV

-0.32%

Winner

SPY

+10.56%

BLV

+6.25%

Winner

SPY

+32.04%

5Y(CAGR)

BLV

-3.17%

Winner

SPY

+13.35%

10Y(CAGR)

BLV

+1.13%

Winner

SPY

+15.49%

Max(CAGR)

BLV

+4.25%

Winner

SPY

+8.50%

BLV vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	BLV	SPY
2026	+0.67%	+8.27%
2025	+6.29%	+18.00%
2024	-3.04%	+25.59%
2023	+6.00%	+26.72%
2022	-25.67%	-18.64%
2021	-2.55%	+30.52%
2020	+15.55%	+17.28%
2019	+18.60%	+31.09%
2018	-3.25%	-5.24%
2017	+10.31%	+20.78%
2016	+6.50%	+13.59%
2015	-4.71%	+1.31%
2014	+19.86%	+14.56%
2013	-8.08%	+29.00%
2012	+8.52%	+14.17%
2011	+22.81%	+0.85%
2010	+9.46%	+13.14%
2009	+2.41%	+22.67%
2008	+9.20%	-36.25%
2007	+6.27%	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

BLV vs SPY Drawdown Comparison

The maximum drawdown for BLV was -38.28%, occurring on Oct 19, 2023. This drawdown has not yet recovered.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current BLV drawdown is -24.00%.

Rank	BLV	SPY
#1	-38.28% Aug 6, 2020 - Oct 19, 2023	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-20.04% Mar 9, 2020 - Jul 7, 2020	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-14.49% May 2, 2013 - Jul 21, 2014	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-12.71% Sep 15, 2008 - Dec 11, 2008	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-12.37% Jan 30, 2015 - Jun 3, 2016	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-12.13% Jul 8, 2016 - Mar 22, 2019	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-11.20% Dec 30, 2008 - Sep 2, 2009	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-10.32% Aug 26, 2010 - Jul 29, 2011	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-5.97% Aug 28, 2019 - Jan 27, 2020	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-5.84% Jul 25, 2012 - May 1, 2013	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-5.61% May 7, 2007 - Aug 31, 2007	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-5.31% Sep 22, 2011 - Dec 19, 2011	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-5.13% Jan 31, 2012 - May 4, 2012	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-5.13% Oct 1, 2009 - Apr 27, 2010	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-4.93% Mar 20, 2008 - Sep 10, 2008	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between BLV and SPY is 0.67 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.67

-101

Dividend Comparison (1999 - 2026)

BLV vs SPY dividend yield comparison.

Year	BLV	SPY
2026	1.58%	0.24%
2025	4.67%	1.07%
2024	5.09%	1.21%
2023	4.06%	1.40%
2022	4.17%	1.65%
2021	3.37%	1.20%
2020	6.12%	1.52%
2019	3.57%	1.75%
2018	4.07%	2.04%
2017	3.63%	1.80%
2016	4.16%	2.03%
2015	4.37%	2.06%
2014	3.88%	1.87%
2013	4.85%	1.81%
2012	5.66%	2.18%
2011	5.11%	2.05%
2010	5.85%	1.80%
2009	5.26%	1.95%
2008	4.99%	3.02%
2007	3.57%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%