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BND

Vanguard Total Bond Market Index Fund ETF
TREND FOLLOWING PERFORMANCE HISTORY
2026-09-14
Executive Summary
The quantitative backtest for BND (Vanguard Total Bond Market Index Fund ETF) using the Excess Return MMA CA* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -8.7% (compared to the benchmark's drawdown of -18.6%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 2.8%, compared to a Buy-and-Hold benchmark return of 2.6%. The strategy executed 32 total trades.

* Excess Return MMA CA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility, with a month-end dynamic Cash Alternative sleeve rotation.

🛡️ BND Drawdown Shield & Downside Protection

Why Drawdown Dictates Longevity →
Peak Drawdown Defense
-8.7% (vs -18.6% B&H)
+9.9% shallower drawdown
Downside Efficiency
0.93 Sortino
+0.26 vs 0.67 B&H
Capital Sheltered from Risk
30.3% of Time
Earning Treasury yield during downturns
* Drawdown Shield demonstrates how systematic trend-following bounded historical drawdowns and protected principal capital compared to passive Buy & Hold.

📊 BND Quality Metrics & KPI Summary

Metric 1Y5Y10YFull
StrategyB&HStrategyB&HStrategyB&HStrategyB&H
Max Drawdown-1.84%-3.08%-4.22%-17.81%-8.67%-18.58%-8.67%-18.58%
Sharpe Ratio0.26-0.240.96-0.100.680.250.870.53
Sortino Ratio0.43-0.381.20-0.160.630.310.930.67
CAGR0.73%-0.88%2.68%-0.61%2.26%1.40%2.84%2.58%
% Time Invested81.4%100.0%45.4%100.0%57.7%100.0%69.7%100.0%
Trades / Year0.00.01.80.02.10.01.80.0

Cumulative Growth Performance

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Hydrating Performance Trajectory... Loading historical performance data
Figure 1: Cumulative Trajectory Analysis. Logarithmic growth comparison of BND under the Excess Return MMA CA strategy (Investing) versus Buy & Hold. The strategy produced a 2.8% CAGR with a -8.7% Max Drawdown across 32 trade signals (compared to Buy & Hold's 2.6% CAGR and -18.6% Max Drawdown).

Return Distribution Analysis

Histogram of monthly return distribution for BND under Excess Return MMA CA strategy in Investing context, illustrating downside risk mitigation and return skewness.
Figure 2: Monthly Return Distribution Profile. Monthly return distribution for BND under Excess Return MMA CA (Investing). Visualizes return frequency, volatility clustering, and tail-risk truncation relative to standard buy-and-hold returns.
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Top 5 non-correlated asset sleeves evaluated on 1Y daily percentage returns (Pearson r). Compare them side-by-side in Compare Studio to analyze portfolio diversification.

Diversifier Asset Category 1Y Correlation (r) Action
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Trade History

This log shows every signal-driven transition. Completed trades reflect standard market cycles. An Open or Mark-to-Market exit denotes an active position (either in the primary asset or a cash/yield sleeve) valued at the current price for reporting purposes. Interest entries record yield accrued from cash or cash alternatives (like BIL) during out-of-market defensive periods.

Entry DateExit DateTypeAllocationEntry PriceExit PriceNet Return %Exit Reason
🔒 Active Positions & Recent Execution Signals Hidden
Trading on delayed data carries high execution risk. Current allocations, pending next-day rebalances, and active execution signals (last 60 days) require a Premium subscription.
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2025-06-27 2026-06-09 Completed 33.33% $69.83 $72.17 3.30% Signal
2026-05-04 2026-06-01 Interest (FLOT) 33.33% $1.00 $1.00 0.35% Interest Income
2026-03-10 2026-05-01 Interest (BIL) 33.33% $1.00 $1.01 0.53% Interest Income
2025-08-21 2026-03-10 Completed 33.33% $70.35 $72.89 3.56% Signal
2025-10-17 2025-11-10 Interest (FLOT) 33.33% $1.00 $1.00 0.32% Interest Income
2024-08-05 2025-10-17 Completed 33.33% $68.97 $72.22 4.66% Signal
2025-07-28 2025-08-21 Interest (FLOT) 33.33% $1.00 $1.00 0.35% Interest Income
2025-04-29 2025-07-28 Completed 33.33% $69.29 $69.71 0.55% Signal
2025-06-03 2025-06-27 Interest (FLOT) 33.33% $1.00 $1.00 0.39% Interest Income
2025-05-02 2025-06-02 Interest (SHV) 33.33% $1.00 $1.00 0.32% Interest Income
2025-03-17 2025-05-01 Interest (FLOT) 33.33% $1.00 $1.00 0.29% Interest Income
2024-12-20 2025-04-29 Interest (FLOT) 33.33% $1.00 $1.01 1.47% Interest Income
2024-04-19 2025-03-17 Completed 33.33% $64.55 $68.92 6.72% Signal
2024-08-05 2024-12-20 Completed 33.33% $68.97 $67.49 -2.20% Signal
2024-08-02 2024-08-05 Interest (SHV) 33.33% $1.00 $1.00 0.09% Interest Income
2024-08-02 2024-08-05 Interest (SHV) 33.33% $1.00 $1.00 0.09% Interest Income
2024-05-08 2024-08-01 Interest (FLOT) 33.33% $1.00 $1.01 1.33% Interest Income
2023-06-02 2024-08-01 Interest (FLOT) 33.33% $1.00 $1.08 7.87% Interest Income
2024-01-22 2024-05-08 Completed 33.33% $65.83 $65.26 -0.91% Signal
2023-06-02 2024-04-19 Interest (FLOT) 33.33% $1.00 $1.06 6.10% Interest Income
2023-06-02 2024-01-22 Interest (FLOT) 33.33% $1.00 $1.04 4.19% Interest Income
2023-05-19 2023-06-01 Interest (SHV) 33.33% $1.00 $1.00 0.17% Interest Income
2023-04-04 2023-06-01 Interest (SHV) 33.33% $1.00 $1.01 0.71% Interest Income
2023-04-04 2023-06-01 Interest (SHV) 33.33% $1.00 $1.01 0.71% Interest Income
2023-02-13 2023-05-19 Completed 33.33% $63.94 $64.25 0.44% Signal
2022-12-02 2023-04-03 Interest (FLOT) 33.33% $1.00 $1.02 1.87% Interest Income
2022-12-02 2023-04-03 Interest (FLOT) 33.33% $1.00 $1.02 1.87% Interest Income
2022-12-02 2023-02-13 Interest (FLOT) 33.33% $1.00 $1.02 1.67% Interest Income
2022-10-04 2022-12-01 Interest (BIL) 33.33% $1.00 $1.01 0.52% Interest Income
2022-10-04 2022-12-01 Interest (BIL) 33.33% $1.00 $1.01 0.52% Interest Income
2022-10-04 2022-12-01 Interest (BIL) 33.33% $1.00 $1.01 0.52% Interest Income
2022-09-02 2022-10-03 Interest (FLOT) 33.33% $1.00 $1.00 -0.05% Interest Income
2022-09-02 2022-10-03 Interest (FLOT) 33.33% $1.00 $1.00 -0.05% Interest Income
2022-09-02 2022-10-03 Interest (FLOT) 33.33% $1.00 $1.00 -0.05% Interest Income
2022-03-02 2022-09-01 Interest (BIL) 33.33% $1.00 $1.00 0.37% Interest Income
2022-03-02 2022-09-01 Interest (BIL) 33.33% $1.00 $1.00 0.37% Interest Income
2022-03-02 2022-09-01 Interest (BIL) 33.33% $1.00 $1.00 0.37% Interest Income
2022-02-16 2022-03-01 Interest (FLOT) 33.33% $1.00 $1.00 -0.00% Interest Income
2022-01-04 2022-03-01 Interest (FLOT) 33.33% $1.00 $1.00 0.01% Interest Income
2022-01-04 2022-03-01 Interest (FLOT) 33.33% $1.00 $1.00 0.01% Interest Income
2021-10-08 2022-02-16 Completed 33.33% $72.18 $69.48 -3.80% Signal
2022-01-03 2022-01-03 Interest (BIL) 33.33% $1.00 $1.00 -0.01% Interest Income
2021-12-01 2022-01-03 Interest (BIL) 33.33% $1.00 $1.00 -0.01% Interest Income
2020-04-06 2022-01-03 Completed 33.33% $70.89 $72.10 1.65% Signal
2021-07-21 2021-12-01 Completed 33.33% $73.04 $72.48 -0.82% Signal
2021-09-02 2021-10-08 Interest (FLOT) 33.33% $1.00 $1.00 0.05% Interest Income
2021-08-03 2021-09-01 Interest (SHV) 33.33% $1.00 $1.00 -0.02% Interest Income
2021-05-04 2021-08-02 Interest (FLOT) 33.33% $1.00 $1.00 0.14% Interest Income
2021-05-04 2021-07-21 Interest (FLOT) 33.33% $1.00 $1.00 0.15% Interest Income
2021-04-05 2021-05-03 Interest (BIL) 33.33% $1.00 $1.00 -0.01% Interest Income
2021-04-05 2021-05-03 Interest (BIL) 33.33% $1.00 $1.00 -0.01% Interest Income
2021-03-24 2021-04-01 Interest (FLOT) 33.33% $1.00 $1.00 -0.04% Interest Income
2021-02-25 2021-04-01 Interest (FLOT) 33.33% $1.00 $1.00 -0.11% Interest Income
2020-04-06 2021-03-24 Completed 33.33% $70.89 $71.08 0.22% Signal
2021-02-19 2021-02-25 Completed 33.33% $72.38 $71.68 -1.01% Signal
2020-12-16 2021-02-19 Interest (FLOT) 33.33% $1.00 $1.00 0.21% Interest Income
2020-04-06 2020-12-16 Completed 33.33% $70.89 $73.41 3.49% Signal
2020-03-13 2020-04-06 Interest (SHV) 33.33% $1.00 $1.00 0.08% Interest Income
2020-03-13 2020-04-06 Interest (SHV) 33.33% $1.00 $1.00 0.08% Interest Income
2020-03-13 2020-04-06 Interest (SHV) 33.33% $1.00 $1.00 0.08% Interest Income
2018-12-07 2020-03-13 Completed 33.33% $62.10 $66.96 7.77% Stop
2018-12-07 2020-03-13 Completed 33.33% $62.10 $66.96 7.77% Stop
2018-12-07 2020-03-13 Completed 33.33% $62.10 $66.96 7.77% Stop
2018-12-04 2018-12-07 Interest (SHV) 33.33% $1.00 $1.00 0.03% Interest Income
2018-12-04 2018-12-07 Interest (SHV) 33.33% $1.00 $1.00 0.03% Interest Income
2018-12-04 2018-12-07 Interest (SHV) 33.33% $1.00 $1.00 0.03% Interest Income
2018-11-02 2018-12-03 Interest (BIL) 33.33% $1.00 $1.00 0.16% Interest Income
2018-11-02 2018-12-03 Interest (BIL) 33.33% $1.00 $1.00 0.16% Interest Income
2018-11-02 2018-12-03 Interest (BIL) 33.33% $1.00 $1.00 0.16% Interest Income
2018-10-24 2018-11-01 Interest (FLOT) 33.33% $1.00 $1.00 0.03% Interest Income
2018-04-20 2018-11-01 Interest (FLOT) 33.33% $1.00 $1.01 1.21% Interest Income
2018-03-12 2018-11-01 Interest (FLOT) 33.33% $1.00 $1.01 1.43% Interest Income
2018-08-21 2018-10-24 Completed 33.33% $62.28 $61.53 -1.26% Signal
2018-01-10 2018-08-21 Interest (FLOT) 33.33% $1.00 $1.01 1.47% Interest Income
2017-12-29 2018-04-20 Completed 33.33% $62.77 $61.41 -2.21% Signal
2017-08-02 2018-03-12 Completed 33.33% $62.44 $61.36 -1.79% Signal
2017-05-02 2018-01-10 Completed 33.33% $61.25 $62.29 1.66% Signal
2017-10-11 2017-12-29 Interest (FLOT) 33.33% $1.00 $1.00 0.28% Interest Income
2014-08-18 2017-10-11 Completed 33.33% $57.87 $62.56 8.04% Signal
2017-05-02 2017-08-02 Interest (FLOT) 33.33% $1.00 $1.00 0.43% Interest Income
2017-04-04 2017-05-02 Interest (BIL) 33.33% $1.00 $1.00 0.06% Interest Income
2017-04-04 2017-05-01 Interest (BIL) 33.33% $1.00 $1.00 0.06% Interest Income
2017-02-02 2017-04-03 Interest (FLOT) 33.33% $1.00 $1.00 0.23% Interest Income
2016-11-25 2017-04-03 Interest (FLOT) 33.33% $1.00 $1.00 0.41% Interest Income
2016-01-11 2017-02-02 Completed 33.33% $59.18 $60.53 2.24% Signal
2015-10-15 2016-11-25 Completed 33.33% $59.52 $60.22 1.13% Signal
2015-11-03 2016-01-11 Interest (FLOT) 33.33% $1.00 $1.00 0.14% Interest Income
2015-09-24 2015-11-02 Interest (SHV) 33.33% $1.00 $1.00 -0.04% Interest Income
2015-09-02 2015-10-15 Interest (SHV) 33.33% $1.00 $1.00 0.04% Interest Income
2014-03-06 2015-09-24 Completed 33.33% $56.36 $59.18 4.94% Signal
2015-08-04 2015-09-01 Interest (BIL) 33.33% $1.00 $1.00 0.00% Interest Income
2015-07-02 2015-08-03 Interest (SHV) 33.33% $1.00 $1.00 0.00% Interest Income
2015-06-26 2015-07-01 Interest (FLOT) 33.33% $1.00 $1.00 0.07% Interest Income
2013-11-27 2015-06-26 Completed 33.33% $55.75 $58.17 4.27% Signal
2014-05-02 2014-08-18 Interest (FLOT) 33.33% $1.00 $1.00 0.23% Interest Income
2014-04-02 2014-05-01 Interest (SHV) 33.33% $1.00 $1.00 0.01% Interest Income
2014-03-04 2014-04-01 Interest (FLOT) 33.33% $1.00 $1.00 0.02% Interest Income
2014-03-04 2014-03-06 Interest (FLOT) 33.33% $1.00 $1.00 0.00% Interest Income
2014-02-04 2014-03-03 Interest (SHV) 33.33% $1.00 $1.00 -0.03% Interest Income
2014-02-04 2014-03-03 Interest (SHV) 33.33% $1.00 $1.00 -0.03% Interest Income
2014-01-03 2014-02-03 Interest (FLOT) 33.33% $1.00 $1.00 -0.06% Interest Income
2014-01-03 2014-02-03 Interest (FLOT) 33.33% $1.00 $1.00 -0.06% Interest Income
2013-12-03 2014-01-02 Interest (BIL) 33.33% $1.00 $1.00 -0.02% Interest Income
2013-12-03 2014-01-02 Interest (BIL) 33.33% $1.00 $1.00 -0.02% Interest Income
2013-11-12 2013-12-02 Interest (FLOT) 33.33% $1.00 $1.00 -0.00% Interest Income
2013-08-02 2013-12-02 Interest (FLOT) 33.33% $1.00 $1.00 0.08% Interest Income
2013-08-02 2013-11-27 Interest (FLOT) 33.33% $1.00 $1.00 0.16% Interest Income
2009-04-02 2013-11-12 Completed 33.33% $45.64 $55.36 21.25% Signal
2013-07-02 2013-08-01 Interest (SHV) 33.33% $1.00 $1.00 0.00% Interest Income
2013-07-02 2013-08-01 Interest (SHV) 33.33% $1.00 $1.00 0.00% Interest Income
2013-07-01 2013-07-01 Interest (FLOT) 33.33% $1.00 $1.00 -0.00% Interest Income
2013-05-01 2013-07-01 Interest (FLOT) 33.33% $1.00 $1.00 -0.05% Interest Income
2013-04-05 2013-07-01 Completed 33.33% $56.95 $55.03 -3.41% Signal
2011-06-01 2013-05-01 Completed 33.33% $52.49 $57.15 8.81% Signal
2013-01-29 2013-04-05 Interest (FLOT) 33.33% $1.00 $1.00 0.22% Interest Income
2011-05-09 2013-01-29 Completed 33.33% $52.10 $56.19 7.79% Signal
2011-05-03 2011-06-01 Interest (SHV) 33.33% $1.00 $1.00 0.01% Interest Income
2011-04-04 2011-05-09 Interest (SHV) 33.33% $1.00 $1.00 0.04% Interest Income
2009-04-02 2011-05-03 Completed 33.33% $45.64 $51.84 13.55% Signal
2011-03-02 2011-04-01 Interest (BIL) 33.33% $1.00 $1.00 -0.00% Interest Income
2011-01-20 2011-03-01 Interest (SHV) 33.33% $1.00 $1.00 0.01% Interest Income
2009-04-02 2011-01-20 Completed 33.33% $45.64 $50.86 11.39% Signal
2009-03-31 2009-04-02 Interest (BIL) 33.33% $1.00 $1.00 0.02% Interest Income
2009-03-31 2009-04-02 Interest (BIL) 33.33% $1.00 $1.00 0.02% Interest Income
2009-03-31 2009-04-02 Interest (BIL) 33.33% $1.00 $1.00 0.02% Interest Income

Next Steps: Portfolio Integration & Comparative Analysis

Single-ticker trend following is designed to truncate tail risk inside a broader portfolio. View where BND ranks across 40+ tracked assets, evaluate correlation against non-correlated diversifiers, or model it inside a custom all-weather asset mix.

📊 View Full 40-Asset Backtest Matrix → 🛠️ Build Custom Portfolio with BND → ⚖️ Compare BND vs Non-Correlated Assets →