Skip to content

Vanguard Intermediate-Term Bond ETF

BIVNYSE ArcaVanguardA

$74.11+0.01 (+0.02%)

At close: Nov 2, 2026, 4:00 PM ET

Intraday session: up, 79 prints from 74.10 to 74.11. Range 74.06 to 74.28. Use the arrow keys to read each point.74.0574.1574.2074.2510 AM12 PM2 PM4 PM
Expense ratio
0.03%
Fund size · all share classes
$50.4B
1Y total return
−0.7%
Yield · Last 12 months
4.43%
Holdings
2380
Avg volume · 30D
1.84M sh
52W range
low $72.31high $79.09
Launched
Filings
SEC EDGAR

The ETF.net BIV Grade

A

Score 79 out of 100

Rank
9 of 116
Six-pillar profile for BIV. Scores out of 100: Cost 97, Risk 32, Mission 100, Tradability 73, Holdings 51, Durability 96. Strongest: Mission (100). Weakest: Risk (32). No single pillar leads.

Score 79 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A97 out of 100
    Rank 1 of 115
  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 100
  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D32 out of 100
    Rank 100 of 116
  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A73 out of 100
    Rank 20 of 116
  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C51 out of 100
    Rank 72 of 115
  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A96 out of 100
    Rank 1 of 116

Our read on BIV

ETF.net Research

In short

AMost bond funds hand you the entire market. BIV picks a lane: investment-grade U.S. government and corporate bonds in the 5-to-10-year band, sampled by Vanguard, priced at three basis points.

Stated mandate

The fund seeks to track a market-weighted bond index representing the intermediate-term investment-grade U.S. bond market. It uses index sampling and normally invests at least 80% of assets in securities represented by the index.

Why people hold it

  • 0.03% a year against a category median around 0.36%. In bonds, where returns are mostly coupon math, cost is one of the few levers you fully control.
  • You pick the maturity band instead of inheriting it. The benchmark is a 5-10 year government/credit index: no mortgage pools, no 30-year tail dragging the duration around.vanguard.com
  • Running since 2007 and among the closest index trackers in its peer group, with the trading depth that comes from a multi-billion-dollar asset base.
  • Pays income monthly and spreads it across roughly 300 investment-grade bonds, so no single issuer carries the paycheck.

Worth knowing

  • Intermediate duration cuts both ways. A 5-10 year portfolio reprices harder when yields move than a short-term fund does. Rate sensitivity is the main risk you are taking here.
  • This is a slice, not the whole bond market. Aggregate funds at the same 0.03% (BND, SPAB, SCHZ) also carry mortgage-backed and short and long maturities that BIV leaves out.
  • Investment-grade only, U.S. only. No high-yield sleeve and no foreign bonds, which is the point of the design but caps what the income stream can come from.

BIV Performance

Launched Apr 3, 2007

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

BIV$9,926
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. BIV $9,926. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BIV. Periods over one year show the average yearly return.
PeriodBIV
Year to date−1.3%
1 month+2.5%
3 months−0.4%
1 year−0.7%
3 yearsper year+5.7%
5 yearsper year+0.1%
10 yearsper year+1.7%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BIV
YearReturn barBIV
2026 YTD−1.3%
2025+8.5%
2024+1.6%
2023+6.1%
2022−13.2%
2021−2.4%
2020+9.7%

BIV in the news

BIV Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
4.43%Last 12 months
Payout per share
$3.30Last 12 months
Last payment
$0.28 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.17; Mar 1, 2023 $0.16; Apr 3, 2023 $0.19; May 1, 2023 $0.18; Jun 1, 2023 $0.19; Jul 3, 2023 $0.19; Aug 1, 2023 $0.20; Sep 1, 2023 $0.21; Oct 2, 2023 $0.21; Nov 1, 2023 $0.22; Dec 1, 2023 $0.21; Dec 22, 2023 $0.22; Feb 1, 2024 $0.23; Mar 1, 2024 $0.21; Apr 1, 2024 $0.23; May 1, 2024 $0.23; Jun 3, 2024 $0.24; Jul 1, 2024 $0.23; Aug 1, 2024 $0.24; Sep 3, 2024 $0.24; Oct 1, 2024 $0.24; Nov 1, 2024 $0.25; Dec 2, 2024 $0.24; Dec 24, 2024 $0.25; Feb 3, 2025 $0.25; Mar 3, 2025 $0.23; Apr 1, 2025 $0.26; May 1, 2025 $0.25; Jun 2, 2025 $0.27; Jul 1, 2025 $0.26; Aug 1, 2025 $0.27; Sep 2, 2025 $0.27; Oct 1, 2025 $0.26; Nov 3, 2025 $0.27; Dec 1, 2025 $0.26; Dec 18, 2025 $0.28; Feb 2, 2026 $0.27; Mar 2, 2026 $0.25; Apr 1, 2026 $0.28; May 1, 2026 $0.27; Jun 1, 2026 $0.28; Jul 1, 2026 $0.27; Aug 3, 2026 $0.29; Sep 1, 2026 $0.29; Oct 1, 2026 $0.28. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 4, 2026$0.29
Oct 1, 2026Oct 5, 2026$0.28
Sep 1, 2026Sep 3, 2026$0.29
Aug 3, 2026Aug 5, 2026$0.29
Jul 1, 2026Jul 6, 2026$0.27
Jun 1, 2026Jun 3, 2026$0.28
May 1, 2026May 5, 2026$0.27
Apr 1, 2026Apr 6, 2026$0.28
Mar 2, 2026Mar 4, 2026$0.25
Feb 2, 2026Feb 4, 2026$0.27
Dec 18, 2025Dec 22, 2025$0.28
Dec 1, 2025Dec 3, 2025$0.26

See all 236 payments⁠

$10,000 in BIV 10 years ago paid $2,962 in dividends.⁠

BIV Risk

How much the fund’s monthly returns vary, scaled to a year.
5.9%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.21
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−17.5%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.03
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

BIV Cost

Overpaying vs BKAG, cheapest in US Aggregate Bond

$638

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BIV 0.03%

    $638

  • BKAG 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • BIV 0.03%
  • BKAG 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$200$400$600$800051015202530BIV $638BKAG $0

Year by year

YearBIVBKAGOverpaying
10$55$0$55
20$216$0$216
30$638$0$638

Other funds in US Aggregate Bond