Vanguard Total Bond Market (BND) to EUR: Rolling Returns

Simulation Settings
Category:
Period: August 1953 - May 2026 (~73 years)
Initial Amount: 1€
Currency: EUR
BND is not denominated in EUR. Returns are simulated using exchange rates or interest rate differentials in case of currency hedging.
Inflation: Eurozone
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This asset allocation includes ETFs not denominated in EUR. Returns are calculated using exchange rates or, if applicable, interest rate differentials for currency hedging.

When holding the Vanguard Total Bond Market (BND) to EUR ETF, how long should you stay invested to have high probability to achieve a positive return?

Over the selected period (~73 years), the longest duration with a negative return was 121 months (from April 2001 to April 2011).

This indicates that, within the same timeframe, any rolling period of 122 months or more has consistently resulted in a positive return.

Understanding this metric is crucial as it highlights the importance of a safe investment horizon. Knowing the minimum duration required to likely see positive returns helps investors set realistic expectations and reinforces the strategy of staying invested through market cycles. This approach can mitigate the emotional reactions to short-term market fluctuations and enhance the likelihood of achieving financial goals.

Previous vs subsequent Returns

Is there a correlation between past and future returns over all 10-year rolling periods?

The following chart illustrates the relationship between past returns (x-axis) and subsequent returns (y-axis).

Data points are aggregated to show occurrences, and you can zoom in by clicking or drawing over the desired area.

VANGUARD TOTAL BOND MARKET (BND) TO EUR ETF
Previous vs Next Returns - 10 Years annualized
Time Period: 1 June 1996 - 31 May 2026 (30 Years)
Time Period: 1 August 1953 - 31 May 2026 (~73 years)
30 Years
(1996/06 - 2026/05)
All Data
(1953/08 - 2026/05)

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As of May 31, 2026, the annualized return of the previous 10 years has been 1.52%.

Rolling Returns

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) TO EUR ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Time Period: 1 June 1996 - 31 May 2026 (30 Years)
Time Period: 1 August 1953 - 31 May 2026 (~73 years)
30 Years
(1996/06 - 2026/05)
All Data
(1953/08 - 2026/05)
Eurozone Inflation Adjusted:

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Rolling Period Analysis

By selecting the 'Rolling Period', the chart and data will update. To study a different date range, change the simulation settings.

VANGUARD TOTAL BOND MARKET (BND) TO EUR ETF
Rolling Returns Chart
Rolling Returns Chart - Inflation Adjusted
Time Period: 1 August 1953 - 31 May 2026 (~73 years)
Over Time
Histogram
Eurozone Inflation Adjusted:

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Swipe left to see all data
Worst Median Best Negative Periods
-18.55%
Nov 1977 - Oct 1978
+3.66% +56.91%
Nov 1981 - Oct 1982
33.72%
291 out of 863
-23.35%
Aug 1972 - Jul 1973
+0.95% +49.68%
Nov 1981 - Oct 1982
46.47%
401 out of 863
-11.89%
Feb 2002 - Jan 2004
+3.90% +46.01%
Nov 1980 - Oct 1982
24.79%
211 out of 851
-13.97%
Aug 1971 - Jul 1973
+1.38% +37.57%
Nov 1980 - Oct 1982
39.72%
338 out of 851
-8.81%
Mar 2002 - Feb 2005
+4.20% +35.86%
Mar 1980 - Feb 1983
17.64%
148 out of 839
-11.43%
Mar 1977 - Feb 1980
+1.85% +30.94%
Feb 1982 - Jan 1985
35.04%
294 out of 839
-4.54%
Apr 2001 - Mar 2005
+4.27% +34.29%
Dec 1980 - Nov 1984
12.21%
101 out of 827
-8.77%
Apr 1971 - Mar 1975
+1.77% +28.96%
Dec 1980 - Nov 1984
30.23%
250 out of 827
-3.92%
Feb 2002 - Jan 2007
+4.32% +33.31%
Mar 1980 - Feb 1985
7.48%
61 out of 815
-6.48%
Aug 1968 - Jul 1973
+1.98% +28.05%
Mar 1980 - Feb 1985
29.45%
240 out of 815
-4.62%
Apr 2002 - Mar 2008
+4.26% +24.56%
Mar 1979 - Feb 1985
4.98%
40 out of 803
-6.79%
Apr 2002 - Mar 2008
+2.01% +20.26%
Apr 1980 - Mar 1986
26.40%
212 out of 803
-3.91%
Jul 2001 - Jun 2008
+4.48% +20.77%
Nov 1978 - Oct 1985
3.79%
30 out of 791
-6.13%
Jul 2001 - Jun 2008
+2.34% +16.49%
Mar 1980 - Feb 1987
24.65%
195 out of 791
-1.43%
Nov 2001 - Oct 2009
+4.54% +17.98%
Nov 1978 - Oct 1986
2.70%
21 out of 779
-4.88%
Mar 1972 - Feb 1980
+2.45% +14.02%
Nov 1978 - Oct 1986
25.29%
197 out of 779
-0.50%
Mar 1971 - Feb 1980
+4.33% +16.32%
Sep 1980 - Aug 1989
1.04%
8 out of 767
-5.30%
Mar 1971 - Feb 1980
+2.15% +13.44%
Sep 1980 - Aug 1989
23.73%
182 out of 767
-0.14%
Jul 2001 - Jun 2011
+4.58% +16.04%
Jun 1975 - May 1985
0.26%
2 out of 755
-4.23%
Mar 1970 - Feb 1980
+2.06% +11.98%
Mar 1980 - Feb 1990
19.60%
148 out of 755
+0.82%
Feb 2002 - Jan 2013
+4.83% +14.48%
Jun 1974 - May 1985
0.00%
0 out of 743
-3.59%
Mar 1969 - Feb 1980
+2.72% +11.01%
Sep 1980 - Aug 1991
18.71%
139 out of 743
+0.69%
Mar 2002 - Feb 2014
+4.91% +14.13%
Mar 1980 - Feb 1992
0.00%
0 out of 731
-3.51%
Mar 1968 - Feb 1980
+2.81% +10.88%
Mar 1980 - Feb 1992
16.69%
122 out of 731
+1.10%
Jul 2001 - Jun 2014
+5.01% +14.48%
Mar 1980 - Feb 1993
0.00%
0 out of 719
-2.94%
Mar 1967 - Feb 1980
+2.93% +11.18%
Mar 1980 - Feb 1993
16.55%
119 out of 719
+1.70%
Mar 1966 - Feb 1980
+4.98% +14.11%
Mar 1980 - Feb 1994
0.00%
0 out of 707
-2.39%
Mar 1966 - Feb 1980
+3.09% +10.81%
Mar 1980 - Feb 1994
14.57%
103 out of 707
+1.48%
Mar 1965 - Feb 1980
+5.17% +12.90%
Nov 1978 - Oct 1993
0.00%
0 out of 695
-2.60%
Mar 1965 - Feb 1980
+3.10% +9.38%
Nov 1978 - Oct 1993
13.81%
96 out of 695
+1.65%
Mar 1964 - Feb 1980
+5.45% +12.46%
Mar 1980 - Feb 1996
0.00%
0 out of 683
-2.30%
Mar 1964 - Feb 1980
+3.12% +9.27%
Mar 1980 - Feb 1996
13.47%
92 out of 683
+1.67%
Mar 1963 - Feb 1980
+5.65% +12.61%
Mar 1980 - Feb 1997
0.00%
0 out of 671
-2.17%
Mar 1963 - Feb 1980
+3.19% +9.49%
Mar 1980 - Feb 1997
11.33%
76 out of 671
+1.82%
Mar 1962 - Feb 1980
+5.81% +12.81%
Mar 1980 - Feb 1998
0.00%
0 out of 659
-2.00%
Mar 1962 - Feb 1980
+3.28% +9.79%
Mar 1980 - Feb 1998
10.62%
70 out of 659
+1.72%
Mar 1961 - Feb 1980
+5.96% +12.38%
Mar 1980 - Feb 1999
0.00%
0 out of 647
-2.07%
Mar 1961 - Feb 1980
+3.37% +9.48%
Mar 1980 - Feb 1999
10.97%
71 out of 647
+2.18%
Mar 1960 - Feb 1980
+6.04% +12.87%
Nov 1980 - Oct 2000
0.00%
0 out of 635
-1.54%
Mar 1960 - Feb 1980
+3.38% +10.03%
Nov 1980 - Oct 2000
10.55%
67 out of 635
+2.26%
Jun 2001 - May 2026
+6.45% +10.41%
May 1975 - Apr 2000
0.00%
0 out of 575
-0.97%
Mar 1955 - Feb 1980
+3.51% +7.35%
Nov 1975 - Oct 2000
5.04%
29 out of 575
+4.16%
Aug 1993 - Jul 2023
+6.63% +9.28%
Feb 1972 - Jan 2002
0.00%
0 out of 515
+2.02%
Apr 1954 - Mar 1984
+3.68% +6.53%
Sep 1980 - Aug 2010
0.00%
0 out of 515
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