Vanguard Total Bond Market (BND): Historical Returns

Data Source: from January 1871 to February 2024 (~153 years)
Consolidated Returns as of 29 February 2024
Live Update: Mar 18 2024
Category: Fixed Income
Vanguard Total Bond Market (BND) ETF
ETF • LIVE PERFORMANCE (USD currency)
0.12%
1 Day
Mar 18 2024
0.12%
Current Month
March 2024

In the last 30 Years, the Vanguard Total Bond Market (BND) ETF obtained a 4.19% compound annual return, with a 4.24% standard deviation.

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The ETF is related to the following investment themes:

  • Asset Class: Bond
  • Region: North America
  • Country: U.S.
  • Bond - Duration: All-Term

The Vanguard Total Bond Market (BND) ETF is part of the following Lazy Portfolios:

Portfolio Name Author BND Weight Currency
Total Bond US 100.00% USD
Stocks/Bonds 20/80 80.00% USD
Stocks/Bonds 20/80 Momentum 80.00% USD
Stocks/Bonds 40/60 60.00% USD
Stocks/Bonds 40/60 Momentum 60.00% USD
Stocks/Bonds 40/60 with Bitcoin 59.00% USD
LifeStrategy Income Fund Vanguard 56.00% USD
Lifepath Fund iShares 50.82% USD
All Country World Bonds 50.00% USD
LifeStrategy Conservative Growth Vanguard 42.00% USD
Stocks/Bonds 60/40 40.00% USD
Coffeehouse Bill Schultheis 40.00% USD
Conservative Income Charles Schwab 40.00% USD
All Country World 20/80 40.00% USD
Stocks/Bonds 60/40 Momentum 40.00% USD
Stocks/Bonds 60/40 with Bitcoin 39.00% USD
Talmud Portfolio Roger Gibson 33.33% USD
All Country World 40/60 30.00% USD
Simple and Cheap Time Inc 30.00% USD
Tilt Toward Value Time Inc 30.00% USD
LifeStrategy Moderate Growth Vanguard 28.00% USD
Simple Path to Wealth JL Collins 25.00% USD
Marc Faber Portfolio Marc Faber 25.00% USD
Ivy Portfolio Mebane Faber 20.00% USD
Core Four Rick Ferri 20.00% USD
Three Funds Bogleheads 20.00% USD
Stocks/Bonds 80/20 20.00% USD
All Country World 60/40 20.00% USD
Jane Bryant Quinn Portfolio Jane Bryant Quinn 20.00% USD
Nano Portfolio John Wasik 20.00% USD
Stocks/Bonds 80/20 Momentum 20.00% USD
Robo Advisor 50 Betterment 14.70% USD
Five Asset Roger Gibson 14.00% USD
LifeStrategy Growth Fund Vanguard 14.00% USD
Four Funds Bogleheads 10.00% USD
Second Grader's Starter Paul Farrell 10.00% USD
Gone Fishin' Portfolio Alexander Green 10.00% USD
All Country World 80/20 10.00% USD
Gretchen Tai Portfolio Gretchen Tai 10.00% USD
Robo Advisor 20 Betterment 7.60% USD
Robo Advisor 80 Betterment 6.80% USD
Dedalo Eleven Dedalo Invest 6.00% USD
Robo Advisor 10 Betterment 3.80% USD
Robo Advisor 90 Betterment 3.50% USD

Investment Returns as of Feb 29, 2024

The Vanguard Total Bond Market (BND) ETF guaranteed the following returns.

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
VANGUARD TOTAL BOND MARKET (BND) ETF
Consolidated returns as of 29 February 2024
Live Update: Mar 18 2024
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Feb 29, 2024
  1 Day Time ET(*) Mar 2024 1M 6M 1Y 5Y 10Y 30Y MAX
(~153Y)
Vanguard Total Bond Market (BND) ETF -0.12 -0.12 -1.36 2.38 3.47 0.54 1.39 4.19 4.48
US Inflation Adjusted return -1.80 0.78 0.29 -3.51 -1.39 1.61 2.31
Returns over 1 year are annualized | Available data source: since Jan 1871
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Feb 2024. Current inflation (annualized) is 1Y: 3.17% , 5Y: 4.19% , 10Y: 2.82% , 30Y: 2.54%

In 2023, the Vanguard Total Bond Market (BND) ETF granted a 3.20% dividend yield. If you are interested in getting periodic income, please refer to the Vanguard Total Bond Market (BND) ETF: Dividend Yield page.

Capital Growth as of Feb 29, 2024

An investment of 1$, since March 1994, now would be worth 3.43$, with a total return of 242.67% (4.19% annualized).

The Inflation Adjusted Capital now would be 1.62$, with a net total return of 61.61% (1.61% annualized).
An investment of 1$, since January 1871, now would be worth 827.26$, with a total return of 82625.58% (4.48% annualized).

The Inflation Adjusted Capital now would be 33.19$, with a net total return of 3218.69% (2.31% annualized).

Investment Metrics as of Feb 29, 2024

Metrics of Vanguard Total Bond Market (BND) ETF, updated as of 29 February 2024.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
VANGUARD TOTAL BOND MARKET (BND) ETF
Advanced Metrics
Data Source: 1 January 1871 - 29 February 2024 (~153 years)
Swipe left to see all data
Metrics as of Feb 29, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~153Y)
Investment Return (%) -1.36 1.97 2.38 3.47 -3.21 0.54 1.39 2.85 4.19 4.48
Infl. Adjusted Return (%) details -1.80 0.98 0.78 0.29 -8.41 -3.51 -1.39 0.25 1.61 2.31
US Inflation (%) 0.44 0.98 1.59 3.17 5.68 4.19 2.82 2.59 2.54 2.12
Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -6.02 -16.55 -17.28 -17.28 -17.28 -17.28 -17.28
Start to Recovery (# months) details 8 31* 43* 43* 43* 43* 43*
Start (yyyy mm) 2023 05 2021 08 2020 08 2020 08 2020 08 2020 08 2020 08
Start to Bottom (# months) 6 15 27 27 27 27 27
Bottom (yyyy mm) 2023 10 2022 10 2022 10 2022 10 2022 10 2022 10 2022 10
Bottom to End (# months) 2 16 16 16 16 16 16
End (yyyy mm) 2023 12 - - - - - -
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
Start to Recovery (# months) details
Start (yyyy mm) 2023 05 2021 08 2020 08 2020 08 2020 08 2020 08 2020 08
Start to Bottom (# months) 6 15 27 27 27 27 27
Bottom (yyyy mm) 2023 10 2022 10 2022 10 2022 10 2022 10 2022 10 2022 10
Bottom to End (# months) 2 16 16 16 16 16 16
End (yyyy mm) 2023 12 - - - - - -
Longest negative period (# months) details 8 36* 57* 90 90 90 90
Period Start (yyyy mm) 2023 03 2021 03 2019 06 2016 05 2016 05 2016 05 2016 05
Period End (yyyy mm) 2023 10 2024 02 2024 02 2023 10 2023 10 2023 10 2023 10
Annualized Return (%) -4.38 -3.21 -0.22 -0.02 -0.02 -0.02 -0.02
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -7.40 -27.09 -30.41 -30.41 -30.41 -30.41 -48.08
Start to Recovery (# months) details 10* 36* 43* 43* 43* 43* 165
Start (yyyy mm) 2023 05 2021 03 2020 08 2020 08 2020 08 2020 08 1916 03
Start to Bottom (# months) 6 32 39 39 39 39 52
Bottom (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2023 10 2023 10 1920 06
Bottom to End (# months) 4 4 4 4 4 4 113
End (yyyy mm) - - - - - - 1929 11
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
-46.74
Start to Recovery (# months) details 538
Start (yyyy mm) 2023 05 2021 03 2020 08 2020 08 2020 08 2020 08 1941 05
Start to Bottom (# months) 6 32 39 39 39 39 485
Bottom (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2023 10 2023 10 1981 09
Bottom to End (# months) 4 4 4 4 4 4 53
End (yyyy mm) - - - - - - 1986 02
Longest negative period (# months) details 11* 36* 60* 120* 236 245 622
Period Start (yyyy mm) 2023 04 2021 03 2019 03 2014 03 2004 03 2003 06 1932 08
Period End (yyyy mm) 2024 02 2024 02 2024 02 2024 02 2023 10 2023 10 1984 05
Annualized Return (%) -2.45 -8.41 -3.51 -1.39 -0.01 -0.02 0.00
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 7.20 7.18 6.30 4.92 4.38 4.24 4.36
Sharpe Ratio -0.24 -0.78 -0.20 0.04 0.34 0.45 0.11
Sortino Ratio -0.41 -1.18 -0.30 0.06 0.48 0.63 0.17
Ulcer Index 2.37 10.04 8.36 6.03 4.35 3.63 2.29
Ratio: Return / Standard Deviation 0.48 -0.45 0.09 0.28 0.65 0.99 1.03
Ratio: Return / Deepest Drawdown 0.58 -0.19 0.03 0.08 0.16 0.24 0.26
% Positive Months details 33% 38% 46% 51% 59% 63% 68%
Positive Months 4 14 28 62 143 228 1254
Negative Months 8 22 32 58 97 132 584
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 1.39 4.93 7.48 13.97
Worst 10 Years Return (%) - Annualized 0.65 0.65 0.65
Best 10 Years Return (%) - Annualized -1.39 3.12 4.88 9.65
Worst 10 Years Return (%) - Annualized -1.88 -1.88 -4.36
ROLLING PERIODS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Over the latest 30Y
Best Rolling Return (%) - Annualized 18.18 10.24 8.18 7.48 5.97 4.19
Worst Rolling Return (%) - Annualized -15.59 -5.59 -0.50 0.65 2.67
% Positive Periods 83% 93% 98% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 88.06 27.48 19.45 10.09 5.74 5.12
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 0.11 1.95
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 15.26 7.76 5.60 4.88 3.63 1.61
Worst Rolling Return (%) - Annualized -21.67 -10.70 -4.19 -1.88 0.09
% Positive Periods 70% 84% 91% 90% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 88.06 27.48 19.45 10.09 5.74 5.12
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 0.11 1.95
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Over all the available data source (Jan 1871 - Feb 2024)
Best Rolling Return (%) - Annualized 34.57 19.06 20.18 13.97 10.77 8.93
Worst Rolling Return (%) - Annualized -15.59 -5.59 -0.50 0.65 1.73 2.18
% Positive Periods 86% 98% 99% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 88.06 26.15 14.07 7.49 3.66 2.46
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - - -
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 30.24 17.38 16.54 9.65 7.77 5.89
Worst Rolling Return (%) - Annualized -21.67 -13.89 -12.11 -4.36 -2.05 -1.14
% Positive Periods 64% 73% 73% 74% 80% 85%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 88.06 26.15 14.07 7.49 3.66 2.46
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - - -
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • Standard Deviation: it's a measure of the dispersion of returns around the mean.
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.

Correlations as of Feb 29, 2024

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1. If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.

Monthly correlations of Vanguard Total Bond Market (BND) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

VANGUARD TOTAL BOND MARKET (BND) ETF
Monthly correlations as of 29 February 2024
Swipe left to see all data
Correlation vs BND
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1992
VTI
US Total Stock Market
0.69
0.52
0.38
0.16
0.16
SPY
US Large Cap
0.71
0.52
0.39
0.17
0.17
IJR
US Small Cap
0.55
0.39
0.26
0.08
0.08
VNQ
US REITs
0.75
0.61
0.58
0.32
0.32
QQQ
US Technology
0.68
0.58
0.43
0.10
0.10
PFF
Preferred Stocks
0.56
0.65
0.62
0.35
0.36
EFA
EAFE Stocks
0.79
0.56
0.43
0.17
0.18
VT
World All Countries
0.73
0.55
0.42
0.16
0.17
EEM
Emerging Markets
0.60
0.52
0.42
0.14
0.15
VGK
Europe
0.79
0.54
0.43
0.18
0.19
VPL
Pacific
0.75
0.56
0.42
0.16
0.17
FLLA
Latin America
0.66
0.31
0.24
0.09
0.08
TLT
Long Term Treasuries
0.98
0.87
0.87
0.85
0.85
BIL
US Cash
0.15
0.09
0.06
0.14
0.14
TIP
TIPS
0.96
0.85
0.84
0.83
0.83
LQD
Invest. Grade Bonds
0.99
0.96
0.94
0.87
0.87
HYG
High Yield Bonds
0.92
0.66
0.57
0.39
0.40
CWB
US Convertible Bonds
0.66
0.49
0.40
0.19
0.20
BNDX
International Bonds
0.96
0.90
0.88
0.68
0.68
EMB
Emerg. Market Bonds
0.87
0.73
0.71
0.50
0.50
GLD
Gold
0.42
0.47
0.46
0.30
0.29
DBC
Commodities
-0.18
-0.08
-0.10
0.03
0.04

If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

VANGUARD TOTAL BOND MARKET (BND) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 March 1994 - 29 February 2024 (30 Years)
Data Source: 1 January 1871 - 29 February 2024 (~153 years)
Inflation Adjusted:
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-17.28% Aug 2020 Oct 2022 27 in progress 16 43 9.84
-4.01% May 2013 Aug 2013 4 May 2014 9 13 2.32
-3.88% Apr 2008 Oct 2008 7 Dec 2008 2 9 1.46
-3.68% Aug 2016 Nov 2016 4 Aug 2017 9 13 2.01
-3.47% Jun 2003 Jul 2003 2 Jan 2004 6 8 1.59
-3.28% Mar 1994 Jun 1994 4 Feb 1995 8 12 2.31
-3.16% Feb 1996 May 1996 4 Oct 1996 5 9 1.96
-3.03% Apr 2004 May 2004 2 Aug 2004 3 5 2.03
-2.67% Feb 2015 Jun 2015 5 Feb 2016 8 13 1.47
-2.65% Jan 2009 Feb 2009 2 Jun 2009 4 6 1.48
-2.64% Feb 1999 Aug 1999 7 Mar 2000 7 14 1.55
-2.63% Sep 2017 Oct 2018 14 Jan 2019 3 17 1.55
-1.91% Nov 2001 Dec 2001 2 May 2002 5 7 1.15
-1.90% Sep 2005 Oct 2005 2 Aug 2006 10 12 1.07
-1.70% Nov 2010 Dec 2010 2 May 2011 5 7 1.11
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-30.41% Aug 2020 Oct 2023 39 in progress 4 43 19.29
-7.38% Aug 2016 Oct 2018 27 Aug 2019 10 37 4.15
-5.55% Feb 2008 Oct 2008 9 Dec 2008 2 11 2.63
-5.48% Aug 2012 Aug 2013 13 Jan 2015 17 30 2.87
-5.03% Mar 1994 Nov 1994 9 Apr 1995 5 14 3.26
-5.01% Jul 2005 Jun 2006 12 Nov 2006 5 17 3.16
-4.38% Feb 1999 Jan 2000 12 Sep 2000 8 20 2.84
-4.22% Feb 1996 May 1996 4 Nov 1996 6 10 2.72
-3.89% Jun 2003 Jul 2003 2 Mar 2004 8 10 2.00
-3.87% Feb 2015 Jun 2015 5 Jun 2016 12 17 2.17
-3.60% Apr 2004 May 2004 2 Jun 2005 13 15 1.81
-3.43% Sep 2010 Mar 2011 7 Aug 2011 5 12 1.92
-3.25% Jan 2009 Feb 2009 2 Aug 2009 6 8 1.73
-2.34% Nov 2001 Mar 2002 5 Jul 2002 4 9 1.18
-2.23% Dec 2006 Jun 2007 7 Oct 2007 4 11 1.06
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-17.28% Aug 2020 Oct 2022 27 in progress 16 43 9.84
-10.70% Jul 1979 Feb 1980 8 Apr 1980 2 10 4.87
-8.66% May 1958 Sep 1959 17 Jul 1960 10 27 5.50
-8.66% Jul 1980 Aug 1981 14 Nov 1981 3 17 6.19
-8.40% Jul 1895 Aug 1896 14 Jan 1897 5 19 5.09
-7.91% Apr 1971 Jul 1971 4 Oct 1971 3 7 4.65
-6.88% Aug 1968 Sep 1969 14 Feb 1970 5 19 3.67
-6.76% Sep 1931 Jan 1932 5 Jun 1932 5 10 3.29
-5.95% Mar 1970 May 1970 3 Sep 1970 4 7 3.21
-5.87% Jul 1873 Oct 1873 4 Feb 1874 4 8 3.23
-5.86% Mar 1987 Sep 1987 7 Jan 1988 4 11 3.00
-5.80% Feb 1898 Apr 1898 3 Jul 1898 3 6 3.40
-5.01% Feb 1994 Jun 1994 5 Mar 1995 9 14 3.62
-4.92% Aug 1939 Sep 1939 2 Mar 1940 6 8 2.07
-4.69% Jul 1871 Feb 1872 8 Jun 1872 4 12 2.44
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-48.08% Mar 1916 Jun 1920 52 Nov 1929 113 165 22.52
-46.74% May 1941 Sep 1981 485 Feb 1986 53 538 27.25
-30.41% Aug 2020 Oct 2023 39 in progress 4 43 19.29
-17.92% Jul 1879 Jan 1880 7 Sep 1883 44 51 10.27
-17.78% Aug 1897 Oct 1902 63 Feb 1911 100 163 9.82
-12.78% Jul 1892 Feb 1893 8 Aug 1893 6 14 7.20
-10.03% Jul 1871 Apr 1872 10 Jun 1873 14 24 6.73
-9.03% May 1911 Oct 1913 30 Feb 1915 16 46 5.29
-8.67% Jul 1876 Jan 1877 7 Jun 1877 5 12 4.21
-8.24% Mar 1987 Sep 1987 7 Feb 1988 5 12 4.45
-8.24% Jul 1886 Jan 1888 19 Jan 1889 12 31 4.40
-8.12% Apr 1895 Oct 1895 7 Jun 1896 8 15 4.50
-7.38% Aug 2016 Oct 2018 27 Aug 2019 10 37 4.15
-6.98% Feb 1994 Nov 1994 10 May 1995 6 16 4.76
-6.94% Aug 1939 Sep 1939 2 Oct 1940 13 15 2.72

Rolling Returns

( more details)

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

VANGUARD TOTAL BOND MARKET (BND) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 March 1994 - 29 February 2024 (30 Years)
Data Source: 1 January 1871 - 29 February 2024 (~153 years)
Inflation Adjusted:
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -15.59 11/2021
10/2022
0.84$ -0.32 0.99$ 4.97 1.04$ 9.12 1.09$ 18.18 01/1995
12/1995
1.18$ 3.47 16.91%
2Y -8.32 11/2020
10/2022
0.84$ 1.30 1.02$ 4.72 1.09$ 8.17 1.17$ 11.56 12/1994
11/1996
1.24$ -3.49 8.90%
3Y -5.59 11/2020
10/2023
0.84$ 1.98 1.06$ 5.13 1.16$ 7.22 1.23$ 10.24 01/1995
12/1997
1.33$ -3.21 6.46%
5Y -0.50 11/2017
10/2022
0.97$ 2.13 1.11$ 4.59 1.25$ 6.99 1.40$ 8.18 09/1996
08/2001
1.48$ 0.54 1.33%
7Y -0.23 11/2016
10/2023
0.98$ 2.43 1.18$ 4.82 1.39$ 6.51 1.55$ 8.66 11/1994
10/2001
1.78$ 0.90 0.72%
10Y 0.65 11/2012
10/2022
1.06$ 3.28 1.38$ 4.65 1.57$ 6.05 1.79$ 7.48 11/1994
10/2004
2.05$ 1.39 0.00%
15Y 2.36 10/2008
09/2023
1.41$ 3.59 1.69$ 4.55 1.94$ 6.10 2.42$ 6.70 12/1994
11/2009
2.64$ 2.47 0.00%
20Y 2.67 11/2003
10/2023
1.69$ 3.12 1.84$ 4.74 2.52$ 5.43 2.88$ 5.97 12/1994
11/2014
3.19$ 2.85 0.00%
30Y 4.19 03/1994
02/2024
3.42$ 4.19 3.42$ 4.19 3.42$ 4.19 3.42$ 4.19 03/1994
02/2024
3.42$ 4.19 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -21.67 11/2021
10/2022
0.78$ -2.96 0.97$ 2.34 1.02$ 7.52 1.07$ 15.26 01/1995
12/1995
1.15$ 0.29 29.23%
2Y -14.30 11/2020
10/2022
0.73$ -0.65 0.98$ 2.49 1.05$ 6.18 1.12$ 10.09 11/2008
10/2010
1.21$ -7.69 23.15%
3Y -10.70 11/2020
10/2023
0.71$ -0.08 0.99$ 2.78 1.08$ 5.06 1.15$ 7.76 06/2000
05/2003
1.25$ -8.41 15.38%
5Y -4.19 11/2017
10/2022
0.80$ 0.55 1.02$ 2.30 1.12$ 4.44 1.24$ 5.60 09/1996
08/2001
1.31$ -3.51 8.64%
7Y -3.60 11/2016
10/2023
0.77$ 0.76 1.05$ 2.57 1.19$ 4.06 1.32$ 6.01 11/1994
10/2001
1.50$ -2.54 9.39%
10Y -1.88 11/2013
10/2023
0.82$ 1.48 1.15$ 2.45 1.27$ 3.42 1.39$ 4.88 11/1994
10/2004
1.61$ -1.39 9.96%
15Y -0.16 01/2009
12/2023
0.97$ 1.42 1.23$ 2.49 1.44$ 3.60 1.69$ 4.09 12/1994
11/2009
1.82$ -0.09 1.66%
20Y 0.09 11/2003
10/2023
1.01$ 0.58 1.12$ 2.56 1.65$ 3.16 1.86$ 3.63 02/1995
01/2015
2.04$ 0.25 0.00%
30Y 1.61 03/1994
02/2024
1.61$ 1.61 1.61$ 1.61 1.61$ 1.61 1.61$ 1.61 03/1994
02/2024
1.61$ 1.61 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -15.59 11/2021
10/2022
0.84$ 0.21 1.00$ 4.10 1.04$ 8.71 1.08$ 34.57 10/1981
09/1982
1.34$ 3.47 13.68%
2Y -8.32 11/2020
10/2022
0.84$ 1.57 1.03$ 3.83 1.07$ 7.88 1.16$ 25.05 07/1984
06/1986
1.56$ -3.49 3.97%
3Y -5.59 11/2020
10/2023
0.84$ 2.14 1.06$ 3.83 1.11$ 7.23 1.23$ 19.06 07/1982
06/1985
1.68$ -3.21 1.77%
5Y -0.50 11/2017
10/2022
0.97$ 2.30 1.12$ 3.93 1.21$ 6.99 1.40$ 20.18 09/1981
08/1986
2.50$ 0.54 0.28%
7Y -0.23 11/2016
10/2023
0.98$ 2.56 1.19$ 3.94 1.31$ 6.71 1.57$ 15.97 03/1980
02/1987
2.82$ 0.90 0.11%
10Y 0.65 11/2012
10/2022
1.06$ 2.68 1.30$ 4.02 1.48$ 7.01 1.96$ 13.97 10/1981
09/1991
3.69$ 1.39 0.00%
15Y 1.40 02/1945
01/1960
1.23$ 2.65 1.47$ 4.00 1.80$ 7.43 2.93$ 11.71 10/1981
09/1996
5.26$ 2.47 0.00%
20Y 1.73 08/1939
07/1959
1.40$ 2.92 1.77$ 4.02 2.19$ 7.54 4.27$ 10.77 10/1981
09/2001
7.73$ 2.85 0.00%
30Y 2.18 01/1940
12/1969
1.90$ 2.99 2.41$ 3.86 3.11$ 7.74 9.35$ 8.93 09/1981
08/2011
13.00$ 4.19 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -21.67 11/2021
10/2022
0.78$ -5.10 0.94$ 2.25 1.02$ 9.80 1.09$ 30.24 06/1877
05/1878
1.30$ 0.29 35.85%
2Y -16.26 07/1918
06/1920
0.70$ -3.05 0.93$ 2.40 1.04$ 8.05 1.16$ 23.31 07/1920
06/1922
1.52$ -7.69 29.92%
3Y -13.89 02/1917
01/1920
0.63$ -2.27 0.93$ 2.51 1.07$ 7.52 1.24$ 17.38 08/1873
07/1876
1.61$ -8.41 26.73%
5Y -12.11 07/1915
06/1920
0.52$ -1.56 0.92$ 2.09 1.10$ 6.94 1.39$ 16.54 11/1873
10/1878
2.14$ -3.51 26.76%
7Y -7.81 07/1913
06/1920
0.56$ -1.26 0.91$ 2.15 1.16$ 6.39 1.54$ 13.72 06/1872
05/1879
2.46$ -2.54 25.19%
10Y -4.36 07/1910
06/1920
0.64$ -1.15 0.89$ 1.89 1.20$ 6.37 1.85$ 9.65 10/1981
09/1991
2.51$ -1.39 25.65%
15Y -3.27 07/1905
06/1920
0.60$ -0.65 0.90$ 2.01 1.34$ 5.68 2.29$ 8.49 04/1871
03/1886
3.39$ -0.09 21.88%
20Y -2.05 07/1900
06/1920
0.66$ -0.50 0.90$ 2.17 1.53$ 4.63 2.47$ 7.77 05/1872
04/1892
4.46$ 0.25 19.51%
30Y -1.14 05/1940
04/1970
0.70$ 0.03 1.00$ 2.11 1.86$ 3.77 3.03$ 5.89 04/1871
03/1901
5.56$ 1.61 14.74%
Annualized rolling and percentiles/median returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the Vanguard Total Bond Market (BND) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in Vanguard Total Bond Market (BND) ETF?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.
For further information about the seasonality, check the Asset Class Seasonality page.
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.44
40%
-1.06
20%
-0.17
40%
0.04
60%
0.46
80%
0.19
60%
1.01
80%
-0.36
20%
-1.67
0%
-0.57
40%
1.92
80%
0.50
40%
Best 3.3
2023
1.7
2020
2.7
2023
2.8
2020
1.8
2019
1.2
2019
2.4
2022
2.8
2019
-0.1
2020
0.3
2019
4.5
2023
3.6
2023
Worst -2.1
2022
-2.9
2023
-2.8
2022
-4.0
2022
-1.2
2023
-1.7
2022
-0.1
2023
-2.8
2022
-4.2
2022
-1.5
2023
0.0
2019
-0.8
2022
Monthly Seasonality over the period Feb 1871 - Feb 2024
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.59
60%
-0.62
30%
0.11
50%
0.10
60%
0.43
70%
0.19
60%
0.66
70%
0.03
40%
-0.90
20%
-0.39
40%
0.80
60%
0.51
60%
Best 3.3
2023
1.7
2020
2.7
2023
2.8
2020
1.8
2019
2.0
2016
2.4
2022
2.8
2019
0.8
2015
0.7
2014
4.5
2023
3.6
2023
Worst -2.1
2022
-2.9
2023
-2.8
2022
-4.0
2022
-1.2
2023
-1.7
2022
-0.3
2014
-2.8
2022
-4.2
2022
-1.5
2023
-2.6
2016
-0.8
2022
Monthly Seasonality over the period Feb 1871 - Feb 2024
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.31
68%
0.34
71%
0.37
72%
0.33
68%
0.43
70%
0.40
69%
0.16
60%
0.26
61%
0.37
68%
0.38
69%
0.66
73%
0.48
69%
Best 5.5
1968
6.9
1970
5.0
1971
10.5
1980
5.7
1985
3.1
1986
4.5
1982
5.1
1982
4.6
1982
6.5
1981
8.4
1981
5.3
1873
Worst -3.1
1896
-7.5
1980
-2.9
1898
-4.8
1970
-3.2
1984
-2.5
1967
-3.4
1875
-5.0
1980
-4.2
2022
-5.7
1979
-2.6
2016
-3.1
1969
Monthly Seasonality over the period Feb 1871 - Feb 2024

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the Vanguard Total Bond Market (BND) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

VANGUARD TOTAL BOND MARKET (BND) ETF
Monthly Returns Distribution
Data Source: 1 March 1994 - 29 February 2024 (30 Years)
Data Source: 1 January 1871 - 29 February 2024 (~153 years)
228 Positive Months (63%) - 132 Negative Months (37%)
1254 Positive Months (68%) - 584 Negative Months (32%)
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(Scroll down to see all data)
Investment Returns, up to December 2007, have been derived using the historical series of equivalent ETFs / Assets.
You can find additional information on extended Data Sources here.

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