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BND vs TLT: Performance & Backtest Comparison
TLT delivered the higher return - 2.84% CAGR vs 2.62% - over 2007-05-31 → 2026-07-31.
Growth comparison
Drawdown
Annual returns
| BND | TLT | |
|---|---|---|
| Name | Vanguard Total Bond Market ETF | iShares 20+ Year Treasury Bond ETF |
| CAGR | 2.62% | 2.84% |
| Total return | 64.62% | 71.60% |
| Volatility | 4.57% | 14.08% |
| Max drawdown | -20.63%Oct 2023 | -48.92%Oct 2023 |
| Sharpe | 0.27 | 0.17 |
| Sortino | 0.37 | 0.29 |
| Best year | 8.83% | 33.96% |
| Worst year | -14.69% | -31.87% |
| Final balance | $16,462 | $17,160 |
Correlation of monthly returns: 0.83. Wondering if you need both? Check their fund overlap →
All figures are total returns: every dividend and distribution is reinvested on its ex-date, and prices are split-adjusted. See the methodology.
Frequently asked questions
Which has performed better, BND or TLT?
Over 2007-05-31 to 2026-07-31, TLT performed better: 2.84% annualized versus 2.62% for BND, with dividends reinvested. Past performance does not guarantee future results.
How similar are BND and TLT?
Their monthly returns have a correlation of 0.83 over the common period. BND is Vanguard Total Bond Market ETF; TLT is iShares 20+ Year Treasury Bond ETF.
Which is riskier, BND or TLT?
Over the common period BND had 4.57% annualized volatility and a -20.63% max drawdown, versus 14.08% and -48.92% for TLT.