BND vs SPY
Comparison between VANGUARD TOTAL BOND MARKET INDEX FUND ETF SHARES (BND, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed BND, delivering a return of +13.2% compared to +0.1%
BND vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BND
$394B
Winner
SPY
$784B
Expense Ratio
Winner
BND
0.03%
SPY
0.09%
Max Drawdown
Winner
BND
23.96%
SPY
56.47%
Sharpe Ratio
BND
0.19
Winner
SPY
1.54
5Y Beta
Winner
BND
0.04
SPY
1.00
P/E Ratio
BND
N/A
SPY
27.62
Forward P/E
BND
N/A
SPY
21.11
5Y Dividends CAGR
Winner
BND
8.33%
SPY
6.00%
5Y EPS CAGR
BND
N/A
SPY
25.30%
Debt to Equity
BND
N/A
SPY
31.11%
P/S Ratio
BND
N/A
SPY
3.49
P/B Ratio
BND
N/A
SPY
5.30
BND vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BND
+0.64%
SPY
-1.37%
3M
BND
+0.69%
Winner
SPY
+12.22%
6M
BND
+0.57%
Winner
SPY
+7.20%
1Y
BND
+4.23%
Winner
SPY
+23.58%
5Y(CAGR)
BND
+0.06%
Winner
SPY
+13.19%
10Y(CAGR)
BND
+1.61%
Winner
SPY
+15.12%
Max(CAGR)
BND
+3.05%
Winner
SPY
+8.44%
BND vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | BND | SPY |
|---|---|---|
| 2026 | +0.53% | +7.95% |
| 2025 | +7.04% | +18.00% |
| 2024 | +1.81% | +25.59% |
| 2023 | +5.10% | +26.72% |
| 2022 | -12.53% | -18.64% |
| 2021 | -1.73% | +30.52% |
| 2020 | +7.57% | +17.28% |
| 2019 | +8.62% | +31.09% |
| 2018 | +0.17% | -5.24% |
| 2017 | +3.55% | +20.78% |
| 2016 | +2.57% | +13.59% |
| 2015 | +0.22% | +1.31% |
| 2014 | +5.73% | +14.56% |
| 2013 | -1.95% | +29.00% |
| 2012 | +4.16% | +14.17% |
| 2011 | +8.06% | +0.85% |
| 2010 | +6.08% | +13.14% |
| 2009 | +4.02% | +22.67% |
| 2008 | +6.89% | -36.25% |
| 2007 | +6.09% | +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% |
BND vs SPY Drawdown Comparison
The maximum drawdown for BND was -18.58%, occurring on Oct 20, 2022. 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 BND drawdown is -2.16%. The current SPY drawdown is -3.18%.
| Rank | BND | SPY |
|---|---|---|
| #1 | -18.58% Aug 6, 2020 - Oct 20, 2022 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -9.31% Sep 15, 2008 - Dec 15, 2008 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -8.67% Mar 6, 2020 - May 21, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -5.18% May 2, 2013 - May 14, 2014 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -4.75% Jul 8, 2016 - Sep 5, 2017 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -3.59% Nov 4, 2010 - May 9, 2011 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -3.54% Sep 7, 2017 - Jan 3, 2019 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -3.16% Dec 31, 2008 - Jun 25, 2009 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -3.13% Jan 30, 2015 - Feb 10, 2016 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -2.81% Jan 22, 2008 - Sep 4, 2008 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -2.32% May 8, 2007 - Aug 3, 2007 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -2.17% Sep 4, 2019 - Jan 21, 2020 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -1.73% Nov 27, 2009 - Feb 5, 2010 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -1.55% Dec 3, 2007 - Dec 31, 2007 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -1.51% Sep 22, 2011 - Nov 1, 2011 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between BND and SPY is 0.79 which considered as a strong positive correlation - the stocks tend to move together.
0.79
-101
Dividend Comparison (1999 - 2026)
BND vs SPY dividend yield comparison.
| Year | BND | SPY |
|---|---|---|
| 2026 | 1.66% | 0.50% |
| 2025 | 3.86% | 1.07% |
| 2024 | 3.67% | 1.21% |
| 2023 | 3.09% | 1.40% |
| 2022 | 2.60% | 1.65% |
| 2021 | 2.12% | 1.20% |
| 2020 | 2.38% | 1.52% |
| 2019 | 2.72% | 1.75% |
| 2018 | 2.81% | 2.04% |
| 2017 | 2.54% | 1.80% |
| 2016 | 2.51% | 2.03% |
| 2015 | 2.57% | 2.06% |
| 2014 | 2.79% | 1.87% |
| 2013 | 2.78% | 1.81% |
| 2012 | 3.19% | 2.18% |
| 2011 | 3.57% | 2.05% |
| 2010 | 3.92% | 1.80% |
| 2009 | 4.02% | 1.95% |
| 2008 | 4.46% | 3.02% |
| 2007 | 3.04% | 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% |
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