BIV: Vanguard Intermediate-Term Bond ETF returns, drawdowns and risk
Broad bond funds that mix government, corporate and mortgage bonds in one holding.
Data updated October 2026
BIV · US exchange · USDCategory: Aggregate bond ETFsData from April 2007
From April 2007 to October 2026 BIV returned 3.7% a year on average with dividends reinvested, in US dollars: $10,000 invested at the start grew to $20,213.
Its deepest fall was 18.9%, from August 2020 to October 2022, and it took about 66 months to get back to the previous high. Annual volatility was 5.9%; at the last close it was 4.4% below its high.
Against AGG (iShares Core U.S. Aggregate Bond ETF), over the 234 months both have data, the correlation of monthly returns was 0.97: they moved almost in lockstep. Beta was 1.18. In months when AGG rose, BIV moved 124% as much on average; in months when AGG fell, 121% as much.
Key figures
- Annual return (CAGR)
- +3.7%
- 1-year return
- −2.8%
- 5 years, a year
- −0.1%
- 10 years, a year
- +1.5%
- Annual volatility
- 5.9%
- Maximum drawdown
- −18.9%
- Sharpe ratio
- 0.36
- Worst year
- 2022: −13.2%
Trailing returns
| Period | BIV | AGG |
|---|---|---|
| 1 year | −2.8% | −1.9% |
| 3 years, a year | +5.3% | +5.2% |
| 5 years, a year | −0.1% | −0.3% |
| 10 years, a year | +1.5% | +1.2% |
To the last close of October 2026. Periods longer than a year are annualised.
Growth of $10,000: BIV vs AGG
Month-end values from May 2007, the first month both funds have data.
BIV drawdowns
Percentage below the previous high, weekly.
Returns by calendar year
| Year | BIV | AGG |
|---|---|---|
| 2026(partial) | −2.6% | −1.8% |
| 2025 | +8.5% | +7.2% |
| 2024 | +1.6% | +1.3% |
| 2023 | +6.1% | +5.7% |
| 2022 | −13.2% | −13.0% |
| 2021 | −2.4% | −1.8% |
| 2020 | +9.7% | +7.5% |
| 2019 | +10.3% | +8.5% |
| 2018 | −0.2% | +0.1% |
| 2017 | +3.6% | +3.5% |
| 2016 | +3.0% | +2.4% |
| 2015 | +1.0% | +0.5% |
| 2014 | +7.8% | +6.0% |
| 2013 | −3.6% | −2.0% |
| 2012 | +6.8% | +3.8% |
| 2011 | +11.1% | +7.7% |
| 2010 | +9.1% | +6.4% |
| 2009 | +4.3% | +3.0% |
| 2008 | +7.8% | +7.9% |
| 2007(partial) | +6.3% | — |
BIV compared
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
Sharpe ratio uses the return of short-term government bills in the same currency as the risk-free rate. The growth chart uses month-end values; drawdowns and volatility use daily closes.
Questions
What is the average annual return of BIV?
From April 2007 to October 2026 BIV returned 3.7% a year on average (CAGR) with dividends reinvested, in USD. Over the last 5 years: −0.1% a year. Over the last 12 months: −2.8%.
What was the worst drawdown of BIV?
18.9%, from August 2020 to October 2022; it took about 66 months from the previous high to get back to it.
How volatile is BIV?
Annual volatility was 5.9% over the period. Its worst month was −4.3% and 62% of months were positive. Worst calendar year: 2022 (−13.2%).
How closely does BIV follow AGG?
Over 234 months the correlation of monthly returns was 0.97, so they moved almost in lockstep, with a beta of 1.18.
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Other Aggregate bond ETFs
- All Aggregate bond ETFsReturns and risk side by side
- AGG — iShares Core U.S. Aggregate Bond ETFCAGR +2.9%
- AGGH — iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc)CAGR −0.8%
- BNDX — Vanguard Total International Bond ETFCAGR +2.2%
- BSV — Vanguard Short-Term Bond ETFCAGR +2.5%
- BLV — Vanguard Long-Term Bond ETFCAGR +3.9%
- MBB — iShares MBS ETFCAGR +2.5%
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.