Vanguard Total Bond Market (BND): Historical Returns

Data Source: from January 1871 to September 2023 (~153 years)
Consolidated Returns as of 30 September 2023
Live Update: Oct 02 2023, 04:00PM Eastern Time
Category: Fixed Income
ETF: Vanguard Total Bond Market (BND)
ETF • LIVE PERFORMANCE (USD currency)
0.96%
1 Day
Oct 02 2023, 04:00PM Eastern Time
0.96%
Current Month
October 2023

In the last 30 Years, the Vanguard Total Bond Market (BND) ETF obtained a 4.00% compound annual return, with a 4.13% standard deviation.

Table of contents

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

Investment Returns as of Sep 30, 2023

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.
VANGUARD TOTAL BOND MARKET (BND) ETF
Consolidated returns as of 30 September 2023
Live Update: Oct 02 2023, 04:00PM Eastern Time
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Sep 30, 2023
  1 Day Time ET(*) Oct 2023 1M 6M 1Y 5Y 10Y 30Y MAX
(~153Y)
Vanguard Total Bond Market (BND) ETF -0.96 -0.96 -2.48 -4.01 0.49 0.09 1.09 4.00 4.46
US Inflation Adjusted return -2.48 -5.64 -2.85 -3.75 -1.61 1.43 2.30
Returns over 1 year are annualized | Available data source: since Jan 1871
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Aug 2023. Waiting for updates, inflation of Sep 2023 is set to 0%. Current inflation (annualized) is 1Y: 3.44% , 5Y: 3.99% , 10Y: 2.75% , 30Y: 2.53%
Live update: World Markets and Indexes

In 2022, the Vanguard Total Bond Market (BND) ETF granted a 2.23% 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 Sep 30, 2023

An investment of 1$, since October 1993, now would be worth 3.24$, with a total return of 224.43% (4.00% annualized).

The Inflation Adjusted Capital now would be 1.53$, with a net total return of 53.33% (1.43% annualized).
An investment of 1$, since January 1871, now would be worth 787.99$, with a total return of 78699.33% (4.46% annualized).

The Inflation Adjusted Capital now would be 32.01$, with a net total return of 3101.29% (2.30% annualized).
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Investment Metrics as of Sep 30, 2023

Metrics of Vanguard Total Bond Market (BND) ETF, updated as of 30 September 2023.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
VANGUARD TOTAL BOND MARKET (BND) ETF
Advanced Metrics
Data Source: 1 January 1871 - 30 September 2023 (~153 years)
Swipe left to see all data
Metrics as of Sep 30, 2023
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~153Y)
Investment Return (%) -2.48 -3.23 -4.01 0.49 -5.28 0.09 1.09 2.70 4.00 4.46
Infl. Adjusted Return (%) details -2.48 -3.84 -5.64 -2.85 -10.35 -3.75 -1.61 0.14 1.43 2.30
US Inflation (%) 0.00 0.63 1.72 3.44 5.66 3.99 2.75 2.56 2.53 2.12
Waiting for updates, inflation of Sep 2023 is temporarily set to 0%. Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
 1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -4.57 -17.08 -17.28 -17.28 -17.28 -17.28 -17.28
Start to Recovery (# months) details 5* 33* 38* 38* 38* 38* 38*
Start (yyyy mm) 2023 05 2021 01 2020 08 2020 08 2020 08 2020 08 2020 08
Start to Bottom (# months) 5 22 27 27 27 27 27
Bottom (yyyy mm) 2023 09 2022 10 2022 10 2022 10 2022 10 2022 10 2022 10
Bottom to End (# months) 0 11 11 11 11 11 11
End (yyyy mm) - - - - - - -
Longest Drawdown Depth (%)
same as
deepest
same as
deepest
same as
deepest
same as
deepest
same as
deepest
same as
deepest		 -3.51
Start to Recovery (# months) details 40
Start (yyyy mm) 2023 05 2021 01 2020 08 2020 08 2020 08 2020 08 1954 08
Start to Bottom (# months) 5 22 27 27 27 27 36
Bottom (yyyy mm) 2023 09 2022 10 2022 10 2022 10 2022 10 2022 10 1957 07
Bottom to End (# months) 0 11 11 11 11 11 4
End (yyyy mm) - - - - - - 1957 11
Longest negative period (# months) details 10* 36* 57* 87* 87* 87* 87*
Period Start (yyyy mm) 2022 12 2020 10 2019 01 2016 07 2016 07 2016 07 2016 07
Period End (yyyy mm) 2023 09 2023 09 2023 09 2023 09 2023 09 2023 09 2023 09
Annualized Return (%) -2.31 -5.28 -0.25 -0.08 -0.08 -0.08 -0.08
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -6.75 -28.48 -29.03 -29.03 -29.03 -29.03 -48.08
Start to Recovery (# months) details 8* 33* 38* 38* 38* 38* 165
Start (yyyy mm) 2023 02 2021 01 2020 08 2020 08 2020 08 2020 08 1916 03
Start to Bottom (# months) 8 33 38 38 38 38 52
Bottom (yyyy mm) 2023 09 2023 09 2023 09 2023 09 2023 09 2023 09 1920 06
Bottom to End (# months) 0 0 0 0 0 0 113
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		 -46.82
Start to Recovery (# months) details 538
Start (yyyy mm) 2023 02 2021 01 2020 08 2020 08 2020 08 2020 08 1941 05
Start to Bottom (# months) 8 33 38 38 38 38 485
Bottom (yyyy mm) 2023 09 2023 09 2023 09 2023 09 2023 09 2023 09 1981 09
Bottom to End (# months) 0 0 0 0 0 0 53
End (yyyy mm) - - - - - - 1986 02
Longest negative period (# months) details 12* 36* 60* 120* 202* 202* 622
Period Start (yyyy mm) 2022 10 2020 10 2018 10 2013 10 2006 12 2006 12 1932 08
Period End (yyyy mm) 2023 09 2023 09 2023 09 2023 09 2023 09 2023 09 1984 05
Annualized Return (%) -2.85 -10.35 -3.75 -1.61 -0.01 -0.01 0.00
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 7.09 6.26 5.78 4.57 4.19 4.13 4.34
Sharpe Ratio -0.56 -1.10 -0.25 0.03 0.35 0.43 0.11
Sortino Ratio -0.89 -1.59 -0.35 0.04 0.48 0.59 0.16
Ulcer Index 1.79 9.46 7.51 5.43 3.94 3.35 2.20
Ratio: Return / Standard Deviation 0.07 -0.84 0.02 0.24 0.64 0.97 1.03
Ratio: Return / Deepest Drawdown 0.11 -0.31 0.01 0.06 0.16 0.23 0.26
% Positive Months details 33% 38% 48% 52% 60% 63% 68%
Positive Months 4 14 29 63 145 229 1252
Negative Months 8 22 31 57 95 131 581
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
 1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 1.09 4.93 7.48 13.97
Worst 10 Years Return (%) - Annualized 0.65 0.65 0.65
Best 10 Years Return (%) - Annualized -1.61 3.14 4.88 9.65
Worst 10 Years Return (%) - Annualized -1.86 -1.86 -4.36
ROLLING PERIOD RETURNS
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 4.00
Worst Rolling Return (%) - Annualized -15.59 -5.28 -0.50 0.65 2.70
% Positive Periods 81% 95% 99% 100% 100% 100%
Best Rolling Return (%) - Annualized 15.26 7.71 5.60 4.88 3.65 1.43
Worst Rolling Return (%) - Annualized -21.66 -10.35 -4.19 -1.86 0.14
% Positive Periods 70% 86% 93% 92% 100% 100%
Over all the available data source (Jan 1871 - Sep 2023)
Best Rolling Return (%) - Annualized 34.57 19.06 20.18 13.97 10.77 8.93
Worst Rolling Return (%) - Annualized -15.59 -5.28 -0.50 0.65 1.73 2.18
% Positive Periods 86% 98% 99% 100% 100% 100%
Best Rolling Return (%) - Annualized 30.24 17.38 16.54 9.65 7.77 5.89
Worst Rolling Return (%) - Annualized -21.66 -13.89 -12.11 -4.36 -2.05 -1.14
% Positive Periods 64% 73% 73% 74% 80% 85%
WITHDRAWAL RATES (WR)
1Y 3Y 5Y 10Y 20Y 30Y MAX
Safe WR (%) 29.41 20.45 10.47 5.86 5.04 4.14
Perpetual WR (%) 0.00 0.00 0.00 0.14 1.41 2.24
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 original portfolio balance that can be withdrawn at the end of each year with inflation adjustment, without the portfolio running out of money (dollar amount withdrawal).
  • Perpetual Withdrawal Rate (PWR): it's the percentage of portfolio balance that can be withdrawn at the end of each year, while retaining the inflation adjusted portfolio balance (percentage withdrawal).
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Correlations as of Sep 30, 2023

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 30 September 2023
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
0.56
0.45
0.34
0.14
0.14
SPY
 US Large Cap
0.59
0.46
0.34
0.16
0.16
IJR
 US Small Cap
0.27
0.29
0.19
0.05
0.05
VNQ
 US REITs
0.70
0.52
0.54
0.30
0.30
QQQ
 US Technology
0.61
0.53
0.40
0.09
0.08
PFF
 Preferred Stocks
0.64
0.60
0.59
0.34
0.34
EFA
 EAFE Stocks
0.80
0.50
0.38
0.16
0.17
VT
 World All Countries
0.72
0.49
0.37
0.15
0.16
EEM
 Emerging Markets
0.84
0.50
0.39
0.14
0.15
VGK
 Europe
0.73
0.49
0.38
0.17
0.17
VPL
 Pacific
0.86
0.50
0.37
0.15
0.15
FLLA
 Latin America
0.39
0.23
0.18
0.07
0.06
TLT
 Long Term Treasuries
0.96
0.84
0.86
0.84
0.84
BIL
 US Cash
-0.13
0.02
-0.02
0.13
0.14
TIP
 TIPS
0.84
0.85
0.84
0.83
0.84
LQD
 Invest. Grade Bonds
0.99
0.95
0.94
0.87
0.87
HYG
 High Yield Bonds
0.76
0.61
0.53
0.38
0.39
CWB
 US Convertible Bonds
0.51
0.43
0.36
0.18
0.18
BNDX
 International Bonds
0.85
0.88
0.86
0.66
0.67
EMB
 Emerg. Market Bonds
0.86
0.72
0.69
0.49
0.50
GLD
 Gold
0.93
0.54
0.50
0.31
0.30
DBC
 Commodities
0.20
-0.05
-0.09
0.05
0.05

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 October 1993 - 30 September 2023 (30 Years)
Data Source: 1 January 1871 - 30 September 2023 (~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 11 38 9.38
-5.01% Feb 1994 Jun 1994 5 Mar 1995 9 14 3.62
-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
-3.16% 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
-29.03% Aug 2020 Sep 2023 38 in progress 38 17.91
-7.22% Aug 2016 Oct 2018 27 Aug 2019 10 37 3.95
-6.98% Feb 1994 Nov 1994 10 May 1995 6 16 4.82
-5.86% Feb 2008 Oct 2008 9 Dec 2008 2 11 3.15
-5.46% Dec 2012 Aug 2013 9 Nov 2014 15 24 3.03
-5.28% Feb 2005 Jun 2006 17 Nov 2006 5 22 2.78
-4.69% Feb 2015 Jun 2015 5 Jun 2016 12 17 2.58
-4.52% Feb 1996 May 1996 4 Nov 1996 6 10 2.93
-4.33% Feb 1999 Jan 2000 12 Oct 2000 9 21 2.99
-3.90% Apr 2004 May 2004 2 Jan 2005 8 10 2.07
-3.68% Jun 2003 Jul 2003 2 Feb 2004 7 9 1.83
-3.56% Nov 2010 Mar 2011 5 Aug 2011 5 10 2.06
-3.55% Jan 2009 Feb 2009 2 Sep 2009 7 9 2.10
-3.00% Dec 2006 Jun 2007 7 Oct 2007 4 11 1.40
-2.45% Nov 2001 Mar 2002 5 Jul 2002 4 9 1.12
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 11 38 9.38
-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
-46.82% May 1941 Sep 1981 485 Feb 1986 53 538 27.25
-29.03% Aug 2020 Sep 2023 38 in progress 38 17.91
-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
-8.65% Mar 1987 Sep 1987 7 Feb 1988 5 12 4.65
-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
-7.22% Aug 2016 Oct 2018 27 Aug 2019 10 37 3.95
-6.98% Feb 1994 Nov 1994 10 May 1995 6 16 4.82
-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 October 1993 - 30 September 2023 (30 Years)
Data Source: 1 January 1871 - 30 September 2023 (~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$ -0.51 0.99$ 4.95 1.04$ 9.12 1.09$ 18.18 01/1995
12/1995 		1.18$ 0.49 18.34%
2Y -8.32 11/2020
10/2022 		0.84$ 1.52 1.03$ 4.93 1.10$ 8.17 1.17$ 11.56 12/1994
11/1996 		1.24$ -7.33 7.42%
3Y -5.28 10/2020
09/2023 		0.84$ 2.08 1.06$ 5.20 1.16$ 7.22 1.23$ 10.24 01/1995
12/1997 		1.33$ -5.28 4.92%
5Y -0.50 11/2017
10/2022 		0.97$ 2.36 1.12$ 4.65 1.25$ 7.08 1.40$ 8.18 09/1996
08/2001 		1.48$ 0.09 1.00%
7Y -0.14 10/2016
09/2023 		0.98$ 2.65 1.20$ 4.86 1.39$ 6.61 1.56$ 8.66 11/1994
10/2001 		1.78$ -0.14 0.36%
10Y 0.65 11/2012
10/2022 		1.06$ 3.41 1.39$ 4.71 1.58$ 6.07 1.80$ 7.48 11/1994
10/2004 		2.05$ 1.09 0.00%
15Y 2.36 10/2008
09/2023 		1.41$ 3.65 1.71$ 4.65 1.97$ 6.10 2.42$ 6.70 12/1994
11/2009 		2.64$ 2.36 0.00%
20Y 2.70 10/2003
09/2023 		1.70$ 3.48 1.98$ 4.77 2.54$ 5.49 2.91$ 5.97 12/1994
11/2014 		3.19$ 2.70 0.00%
30Y 4.00 10/1993
09/2023 		3.24$ 4.00 3.24$ 4.00 3.24$ 4.00 3.24$ 4.00 10/1993
09/2023 		3.24$ 4.00 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 -21.66 11/2021
10/2022 		0.78$ -3.35 0.96$ 2.36 1.02$ 7.52 1.07$ 15.26 01/1995
12/1995 		1.15$ -2.85 29.80%
2Y -14.30 11/2020
10/2022 		0.73$ -0.61 0.98$ 2.58 1.05$ 6.26 1.12$ 10.06 11/2008
10/2010 		1.21$ -12.41 21.96%
3Y -10.35 10/2020
09/2023 		0.72$ 0.10 1.00$ 2.89 1.08$ 5.06 1.15$ 7.71 06/2000
05/2003 		1.24$ -10.35 13.85%
5Y -4.19 11/2017
10/2022 		0.80$ 0.59 1.02$ 2.36 1.12$ 4.51 1.24$ 5.60 09/1996
08/2001 		1.31$ -3.75 6.98%
7Y -3.51 10/2016
09/2023 		0.77$ 0.91 1.06$ 2.62 1.19$ 4.03 1.31$ 6.01 11/1994
10/2001 		1.50$ -3.51 7.58%
10Y -1.86 11/2012
10/2022 		0.82$ 1.65 1.17$ 2.54 1.28$ 3.51 1.41$ 4.88 11/1994
10/2004 		1.61$ -1.61 7.88%
15Y 0.05 11/2007
10/2022 		1.00$ 1.53 1.25$ 2.54 1.45$ 3.58 1.69$ 4.11 12/1994
11/2009 		1.83$ 0.07 0.00%
20Y 0.14 10/2003
09/2023 		1.02$ 1.05 1.23$ 2.61 1.67$ 3.16 1.86$ 3.65 02/1995
01/2015 		2.04$ 0.14 0.00%
30Y 1.43 10/1993
09/2023 		1.53$ 1.43 1.53$ 1.43 1.53$ 1.43 1.53$ 1.43 10/1993
09/2023 		1.53$ 1.43 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 -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$ 0.49 13.72%
2Y -8.32 11/2020
10/2022 		0.84$ 1.58 1.03$ 3.84 1.07$ 7.96 1.16$ 25.05 07/1984
06/1986 		1.56$ -7.33 3.70%
3Y -5.28 10/2020
09/2023 		0.84$ 2.15 1.06$ 3.84 1.11$ 7.23 1.23$ 19.06 07/1982
06/1985 		1.68$ -5.28 1.50%
5Y -0.50 11/2017
10/2022 		0.97$ 2.31 1.12$ 3.93 1.21$ 7.00 1.40$ 20.18 09/1981
08/1986 		2.50$ 0.09 0.23%
7Y -0.14 10/2016
09/2023 		0.98$ 2.57 1.19$ 3.94 1.31$ 6.71 1.57$ 15.97 03/1980
02/1987 		2.82$ -0.14 0.06%
10Y 0.65 11/2012
10/2022 		1.06$ 2.71 1.30$ 4.02 1.48$ 7.03 1.97$ 13.97 10/1981
09/1991 		3.69$ 1.09 0.00%
15Y 1.40 02/1945
01/1960 		1.23$ 2.69 1.48$ 4.01 1.80$ 7.46 2.94$ 11.71 10/1981
09/1996 		5.26$ 2.36 0.00%
20Y 1.73 08/1939
07/1959 		1.40$ 2.93 1.78$ 4.02 2.20$ 7.65 4.36$ 10.77 10/1981
09/2001 		7.73$ 2.70 0.00%
30Y 2.18 01/1940
12/1969 		1.90$ 2.99 2.41$ 3.85 3.10$ 7.74 9.37$ 8.93 09/1981
08/2011 		13.00$ 4.00 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 -21.66 11/2021
10/2022 		0.78$ -5.11 0.94$ 2.26 1.02$ 9.79 1.09$ 30.24 06/1877
05/1878 		1.30$ -2.85 35.78%
2Y -16.26 07/1918
06/1920 		0.70$ -2.92 0.94$ 2.39 1.04$ 8.05 1.16$ 23.31 07/1920
06/1922 		1.52$ -12.41 29.94%
3Y -13.89 02/1917
01/1920 		0.63$ -2.23 0.93$ 2.52 1.07$ 7.53 1.24$ 17.38 08/1873
07/1876 		1.61$ -10.35 26.47%
5Y -12.11 07/1915
06/1920 		0.52$ -1.46 0.92$ 2.09 1.10$ 6.94 1.39$ 16.54 11/1873
10/1878 		2.14$ -3.75 26.49%
7Y -7.81 07/1913
06/1920 		0.56$ -1.21 0.91$ 2.15 1.16$ 6.40 1.54$ 13.72 06/1872
05/1879 		2.46$ -3.51 24.97%
10Y -4.36 07/1910
06/1920 		0.64$ -1.14 0.89$ 1.89 1.20$ 6.37 1.85$ 9.65 10/1981
09/1991 		2.51$ -1.61 25.44%
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$ 0.07 21.77%
20Y -2.05 07/1900
06/1920 		0.66$ -0.52 0.90$ 2.18 1.54$ 4.63 2.47$ 7.77 05/1872
04/1892 		4.46$ 0.14 19.64%
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$ 1.43 14.79%
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
0.70
60%
-0.80
20%
-0.17
40%
0.04
60%
0.46
80%
0.19
60%
1.01
80%
-0.36
20%
-1.67
0%
-0.44
40%
1.14
80%
0.17
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 		3.7
2022 		1.9
2018
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 		-1.2
2022 		0.0
2019 		-0.8
2022
Monthly Seasonality over the period Feb 1871 - Sep 2023
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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
0.76
70%
-0.44
40%
0.11
50%
0.10
60%
0.43
70%
0.19
60%
0.66
70%
0.03
40%
-0.90
20%
-0.16
50%
0.31
50%
0.10
50%
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 		0.9
2013 		3.7
2022 		1.9
2018
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 		-1.2
2022 		-2.6
2016 		-0.8
2022
Monthly Seasonality over the period Feb 1871 - Sep 2023
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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%
0.35
71%
0.37
72%
0.33
68%
0.43
70%
0.40
69%
0.16
60%
0.26
61%
0.37
68%
0.39
69%
0.63
72%
0.46
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 - Sep 2023

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 October 1993 - 30 September 2023 (30 Years)
Data Source: 1 January 1871 - 30 September 2023 (~153 years)
229 Positive Months (64%) - 131 Negative Months (36%)
1252 Positive Months (68%) - 581 Negative Months (32%)
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(Scroll down to see all data)
Investment Returns, up to December 2007, are simulated.
They have been derived using the historical series of equivalent ETFs / Assets.

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