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BND vs TLT: Performance & Backtest Comparison
TLT delivered the higher return - 3.01% CAGR vs 2.99% - over 2007-05-31 → 2026-06-30.
Growth comparison
Drawdown
Annual returns
| BND | TLT | |
|---|---|---|
| Name | Vanguard Total Bond Market ETF | iShares 20+ Year Treasury Bond ETF |
| CAGR | 2.99% | 3.01% |
| Total return | 75.99% | 76.70% |
| Volatility | 4.54% | 14.10% |
| Max drawdown | -17.28%Oct 2022 | -47.61%Oct 2023 |
| Sharpe | 0.35 | 0.18 |
| Sortino | 0.50 | 0.32 |
| Best year | 8.84% | 33.96% |
| Worst year | -13.11% | -31.24% |
| Final balance | $17,599 | $17,670 |
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 2026-06-30, TLT performed better: 3.01% annualized versus 2.99% 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 4.54% annualized volatility and a -17.28% max drawdown, versus 14.10% and -47.61% for TLT.