AGG vs BND: Fees, Returns & Holdings Compared

	Expense ratio	Net assets	Yield (TTM)	Overlap	1 yr	5 yr*
AGG	0.03%	$138.32B	4.13%	at least 42%	-0.4%	-0.2%
BND	0.03%	$397.11B	4.12%		-0.4%	-0.3%

At a glance

AGG’s holdings mature in 12.4 years on average and BND’s in 11.7 years, with average coupons of 3.85% and 3.86%. AGG is an ordinary open-end ETF and BND a share class of Vanguard Total Bond Market Index Fund, which also sells mutual fund shares. Both charge 0.03% a year, $30 on every $100,000. AGG has $138.32B in assets and BND $397.11B (all share classes); over the past 12 months AGG paid out 4.13% of its price and BND 4.12%, both monthly. Over the past year AGG returned −0.4% and BND −0.4% with distributions reinvested; over five years, −0.2% and −0.3% a year. In the 2022 bear market AGG fell 14.5% at its worst and BND 14.6%; both were back at their earlier highs 36 months after the low.

Key differences

	AGG	BND
Fund	iShares Core U.S. Aggregate Bond ETF	Vanguard Total Bond Market ETF
Issuer	iShares	Vanguard
Structure	Open-end ETF	ETF share class
Type	Broad market	Broad market
Launched	Sep 22, 2003	Apr 3, 2007
Expense ratio	0.03%	0.03%
Cost a year on $100,000	$30	$30
Net assets	$138.32B	$397.11B *
Holdings	13,382	17,408
Ten largest positions	3.9%	4.1%
Average maturity	12.4 years	11.7 years
Average coupon	3.85%	3.86%
Yield (12 months)	4.13%	4.12%
Pays	monthly	monthly
Portfolio turnover	62% a year	38% a year
Price data from	Jul 14, 2005	Apr 10, 2007

* BND’s net assets are those of Vanguard Total Bond Market Index Fund, all share classes.

Structure and tax notes

Both: Bond prices move opposite to interest rates; the longer the maturities it holds, the more its price reacts to rate changes.
BND: An exchange-traded share class of Vanguard Total Bond Market Index Fund, which also sells mutual fund shares; its net assets count every share class.

Holdings and overlap

Overlap by weightat least 42%the share of each fund in holdings both own

Securities in commonat least 331AGG 13,382 · BND 17,408 in all

Average maturity12.4 / 11.7years, AGG / BND

Overlap adds up, for every security both funds own, the smaller of its two weights: 100% would mean identical portfolios. The holdings reports list AGG and BND beyond their 600 largest positions only (59% of AGG, 56% of BND), so the figures are floors. Bond funds seldom own the same issues even when they behave alike; maturity and the kind of issuer say more.

By issuer

Issuer	AGG	BND
US Treasury	46.02%	48.14%
Companies	24.95%	28.24%
US government-sponsored enterprises	18.26%	15.45%
US government agencies	5.61%	4.82%
Foreign governments	2.33%	1.71%
Other	0.83%	—
Municipalities	0.38%	0.39%

Source: N-PORT holdings reports as of Aug 31, 2026 (AGG) and Jun 30, 2026 (BND).

Returns

AGG BND · $10,000 in each on Apr 30, 2007, distributions reinvested.

$10,000 put into AGG on Apr 30, 2007 was worth $17,352 on Nov 2, 2026, and in BND $17,548 (+2.9% and +2.9% a year). That is as far back as the price data for both goes.

	1 yr	3 yr	5 yr	10 yr
AGG price data to Nov 2, 2026	-0.4%	+4.7%	-0.2%	+1.4%
AGG official prospectus, to Dec 31, 2025	+7.19%	—	-0.38%	+1.97%
BND price data to Nov 2, 2026	-0.4%	+4.7%	-0.3%	+1.4%
BND official prospectus, to Dec 31, 2025	+7.11%	—	-0.40%	+2.00%

Multi-year figures are annualized total returns with distributions reinvested. "Official" rows are the SEC-standard returns from each fund's prospectus, to the end of the last calendar year; they reach back further where the price data starts late. AGG: Price data starts 2005-07-14, after the fund's launch on 2003-09-22; figures "since start" cover the available history only.

Calendar years

Year	AGG	BND	Difference
2026	-0.8% *	-0.7% *	—
2025	+7.2%	+7.1%	AGG +0.1
2024	+1.3%	+1.4%	BND +0.1
2023	+5.6%	+5.6%	—
2022	-13.0%	-13.1%	AGG +0.1
2021	-1.8%	-1.9%	AGG +0.1
2020	+7.5%	+7.7%	BND +0.2
2019	+8.5%	+8.8%	BND +0.4
2018	+0.1%	+0.1%	—
2017	+3.6%	+3.6%	—

Total returns from price data; * year to Nov 2, 2026.

Downturns and recovery

	AGG	BND
2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009	−12.8% at the worst; back at its high 2 months after the low	−9.3% at the worst; back at its high 2 months after the low
2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020	−9.6% at the worst; back at its high 2 months after the low	−8.7% at the worst; back at its high 2 months after the low
2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022	−14.5% at the worst; back at its high 36 months after the low	−14.6% at the worst; back at its high 36 months after the low
Worst fall in the price data	−18.4% (Aug 4, 2020 – Oct 20, 2022)	−18.6% (Aug 6, 2020 – Oct 20, 2022)

The deepest drop from a high to a low during each stretch when stocks fell, and how long the fund took to get back to its earlier high, with distributions reinvested. The price data starts Jul 14, 2005 for AGG and Apr 10, 2007 for BND.

Income

AGG yield (12 months)4.13%paid monthly

BND yield (12 months)4.12%paid monthly

Year	AGG	BND
2025	$401	$398
2024	$365	$358
2023	$320	$315
2022	$204	$221
2021	$172	$203
2020	$226	$248
2019	$285	$287
2018	$264	$295

Distributions paid during each calendar year on $10,000 of shares bought at the previous year-end close, adjusted for share splits. Before taxes.

Costs

Both funds charge 0.03% a year. The fee comes out of each fund's assets, so it is already in the returns above.

Cost of $10,000 (SEC example)	1 yr	3 yrs	5 yrs	10 yrs
AGG	$3	$10	$17	$39
BND	$3	$10	$17	$39

From each fund's prospectus: the total costs on $10,000 invested, at a 5% yearly return, with the shares sold at the end of each period.

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