Vanguard Intermediate-Term Bond ETF
$73.48−0.71 (−0.96%)
- Expense ratio
- 0.03%
- Fund size
- $52.1B
- 1Y return
- −0.9%
- Yield · Last 12 months
- 4.42%
- Volume · 30D
- 1.6M sh
- NAV per share
- $74.17
- 52W range
The ETF.net BIV Grade
Score 81 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 95Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 39Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 80Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 50Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 96Category rank
Our read on BIV
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.
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 Holdings
- Bonds
- —
- 21%
- United States Treasury Note/Bond 4.00% 02/15/2034
Geography
- United States91.08%
- Canada1.67%
- United Kingdom1.36%
- Japan0.91%
- Luxembourg0.85%
- Mexico0.63%
- Philippines0.48%
- Ireland0.34%
- 2.68%
BIV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | BIV |
|---|---|
| Year to date | −2.0% |
| 1 month | −1.3% |
| 3 months | −1.7% |
| 1 year | −0.9% |
| 3 years | +4.6% |
| 5 years | −0.4% |
| 10 years | +1.5% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BIV |
|---|---|---|
| 2026 YTD | −2.0% | |
| 2025 | +8.5% | |
| 2024 | +1.6% | |
| 2023 | +6.1% | |
| 2022 | −13.2% | |
| 2021 | −2.4% | |
| 2020 | +9.7% |
BIV in the news
ETF.net Research hasn’t filed on BIV yet — coverage lands here as it’s written.
BIV Dividends
- 4.42%
- $3.28
- $0.29 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 3, 2026 | $0.29 |
| Aug 3, 2026 | Aug 5, 2026 | $0.29 |
| Jul 1, 2026 | Jul 6, 2026 | $0.27 |
| Jun 1, 2026 | Jun 3, 2026 | $0.28 |
| May 1, 2026 | May 5, 2026 | $0.27 |
| Apr 1, 2026 | Apr 6, 2026 | $0.28 |
| Mar 2, 2026 | Mar 4, 2026 | $0.25 |
| Feb 2, 2026 | Feb 4, 2026 | $0.27 |
| Dec 18, 2025 | Dec 22, 2025 | $0.28 |
| Dec 1, 2025 | Dec 3, 2025 | $0.26 |
| Nov 3, 2025 | Nov 5, 2025 | $0.27 |
| Oct 1, 2025 | Oct 3, 2025 | $0.26 |
BIV Risk
- 5.8%
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.
- −0.005
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.
- −18.2%
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.
- 1.03
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BIV Cost
- The middle half of US Aggregate Bond funds
- Median 0.34%
No US Aggregate Bond fund charges less.