Total bond vs Treasuries
BND vs VGIT historical comparison
Compare a total US bond fund against an intermediate Treasury fund across the same historical window.
Modeled result
From 2010 to 2025, BND finished ahead of VGIT before tax.
Historical model
Growth of $10,000
2010-01-04 to 2025-12-31
| Date | BND | VGIT |
|---|---|---|
| Approx. Jan 2010 | $10,000 | $10,000 |
| Approx. Jul 2010 | $10,539 | $10,675 |
| Approx. Oct 2010 | $10,757 | $10,992 |
| Approx. May 2011 | $10,843 | $10,889 |
| Approx. Aug 2011 | $11,279 | $11,541 |
| Approx. Mar 2012 | $11,531 | $11,734 |
| Approx. Jun 2012 | $11,689 | $11,945 |
| Approx. Dec 2012 | $11,784 | $12,002 |
| Approx. Apr 2013 | $11,862 | $12,103 |
| Approx. Oct 2013 | $11,618 | $11,843 |
| Approx. Jan 2014 | $11,674 | $11,821 |
| Approx. Aug 2014 | $12,013 | $12,041 |
| Approx. Nov 2014 | $12,112 | $12,135 |
| Approx. Jun 2015 | $12,157 | $12,215 |
| Approx. Sep 2015 | $12,271 | $12,427 |
| Approx. Mar 2016 | $12,621 | $12,744 |
| Approx. Jul 2016 | $13,027 | $13,066 |
| Approx. Jan 2017 | $12,580 | $12,503 |
| Approx. Apr 2017 | $12,769 | $12,715 |
| Approx. Nov 2017 | $13,070 | $12,772 |
| Approx. Feb 2018 | $12,797 | $12,452 |
| Approx. Sep 2018 | $12,944 | $12,585 |
| Approx. Dec 2018 | $12,980 | $12,701 |
| Approx. Jun 2019 | $13,909 | $13,521 |
| Approx. Oct 2019 | $14,352 | $13,888 |
| Approx. Apr 2020 | $14,982 | $14,733 |
| Approx. Jul 2020 | $15,347 | $14,799 |
| Approx. Feb 2021 | $15,192 | $14,648 |
| Approx. May 2021 | $14,924 | $14,418 |
| Approx. Dec 2021 | $15,135 | $14,387 |
| Approx. Mar 2022 | $14,344 | $13,915 |
| Approx. Sep 2022 | $12,787 | $12,578 |
| Approx. Jan 2023 | $13,244 | $12,943 |
| Approx. Jul 2023 | $13,438 | $13,045 |
| Approx. Oct 2023 | $12,820 | $12,691 |
| Approx. May 2024 | $13,642 | $13,198 |
| Approx. Aug 2024 | $14,358 | $13,855 |
| Approx. Mar 2025 | $14,401 | $13,932 |
| Approx. Jun 2025 | $14,433 | $14,061 |
| Approx. Dec 2025 | $15,026 | $14,566 |
| Holding | Ending value | CAGR | Max drawdown |
|---|---|---|---|
BND Total bond (BND) | $15,026 | 2.58% | -18.58% |
VGIT Treasuries (VGIT) | $14,566 | 2.38% | -16.05% |
BND
Total bond (BND)
- Ending value
- $15,026
- CAGR
- 2.58%
- Max drawdown
- -18.58%
VGIT
Treasuries (VGIT)
- Ending value
- $14,566
- CAGR
- 2.38%
- Max drawdown
- -16.05%
Pre-tax results only. The state tax exemption on Treasury interest is not included in this comparison.
Detailed metrics
| Holding | Pre-tax value | Pre-tax CAGR | Max drawdown |
|---|---|---|---|
Total bond (BND) BND | $15,026 | 2.58% | -18.58% |
Treasuries (VGIT) VGIT | $14,566 | 2.38% | -16.05% |
Assumptions
$10,000 lump sum; distributions reinvested; monthly rebalancing; 2010-01-04 to 2025-12-31.
FAQ
- Why can Treasuries be more tax-friendly than total bond?
- Interest from US Treasuries is exempt from state and local income tax. A total bond fund includes corporate bonds whose interest is fully taxable. A Treasury-only fund can therefore have a state-tax advantage for investors who owe state income tax.
- Does account type change the bond comparison?
- Yes. Bond interest counts as ordinary income each year in a taxable account. In an IRA or Roth there is no yearly tax on interest, so the state-tax distinction between the two funds does not apply.
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