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
Chart window
All history
Chart window
BND
Total bond (BND)
- Ending value
- $15,067
- CAGR
- 2.60%
- Max drawdown
- -18.58%
VGIT
Treasuries (VGIT)
- Ending value
- $14,549
- CAGR
- 2.37%
- Max drawdown
- -16.05%
Pre-tax results only. The state tax exemption on Treasury interest is not included in this comparison.
Detailed metrics
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.