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Vanguard Long-Term Bond ETF

BLVNYSE ArcaVanguardA

$65.01+0.02 (+0.03%)

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

Intraday session: up, 79 prints from 64.99 to 65.01. Range 64.95 to 65.38. Use the arrow keys to read each point.65.1065.2065.3065.4010 AM12 PM2 PM4 PM
Expense ratio
0.03%
Fund size · all share classes
$7.8B
1Y total return
−3.8%
Yield · Last 12 months
5.05%
Holdings
2905
Avg volume · 30D
780K sh
52W range
low $61.78high $71.64
Launched
Filings
SEC EDGAR

The ETF.net BLV Grade

A

Score 74 out of 100

Rank
22 of 116
Six-pillar profile for BLV. Scores out of 100: Cost 97, Risk 23, Mission 85, Tradability 61, Holdings 67, Durability 91. Strongest: Cost (97). Weakest: Risk (23). Leans toward Cost and Durability.

Score 74 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.
    A85 out of 100
    Rank 80 of 100
  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F23 out of 100
    Rank 114 of 116
  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B61 out of 100
    Rank 30 of 116
  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B67 out of 100
    Rank 43 of 115
  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A91 out of 100
    Rank 7 of 116

Our read on BLV

ETF.net Research

In short

AMost bond ETFs spread across every maturity. BLV camps at the long end, tracking an index of long-dated Treasuries and investment-grade corporates for 0.03% a year. Maximum interest-rate sensitivity, minimum price tag.

Stated mandate

The fund seeks to track a market-weighted index of long-term, dollar-denominated bonds through an indexing approach. It invests at least 80% of assets in securities represented by the target index and uses sampling.

Why people hold it

  • Costs 0.03% a year against a 0.36% median for its bond peer group. In indexed bonds, where everyone owns roughly the same paper, the fee gap is most of the difference.
  • Not a Treasuries-only long bond fund. The Bloomberg U.S. Long Government/Credit Float Adjusted Index blends long government bonds with investment-grade corporate credit.
  • Running since 2007 and now a multibillion-dollar fund that trades actively, so entering and exiting rarely means paying up on the spread.
  • Pays monthly, and sits inside Vanguard's index bond lineup alongside BND, one of the strongest cost profiles in a 187-fund field.

Worth knowing

  • Long maturities are the point, and they cut both ways: prices move sharply when long-term rates move. This is the twitchiest corner of the investment-grade bond market.
  • The corporate side brings credit risk that a Treasury-only long fund does not carry.
  • Vanguard samples the index rather than owning every bond in it, holding roughly 170 issues, so returns can diverge slightly from the benchmark.

BLV 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.

BLV$9,616
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. BLV $9,616. SPY $11,199. Use the arrow keys to read each point.$9,000$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 BLV. Periods over one year show the average yearly return.
PeriodBLV
Year to date−2.6%
1 month+4.5%
3 months+0.2%
1 year−3.8%
3 yearsper year+5.7%
5 yearsper year−4.8%
10 yearsper year+0.5%

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 BLV
YearReturn barBLV
2026 YTD−2.6%
2025+6.4%
2024−3.7%
2023+7.4%
2022−27.0%
2021−2.9%
2020+15.8%

BLV in the news

BLV 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.
5.05%Last 12 months
Payout per share
$3.29Last 12 months
Last payment
$0.27 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. 46 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.23; Mar 1, 2023 $0.24; Apr 3, 2023 $0.26; May 1, 2023 $0.25; Jun 1, 2023 $0.26; Jul 3, 2023 $0.25; Aug 1, 2023 $0.26; Sep 1, 2023 $0.26; Oct 2, 2023 $0.25; Nov 1, 2023 $0.26; Dec 1, 2023 $0.26; Dec 22, 2023 $0.26; Feb 1, 2024 $0.28; Mar 1, 2024 $0.25; Apr 1, 2024 $0.28; May 1, 2024 $0.26; May 17, 2024 $0.28; Jun 3, 2024 $0.27; Jul 1, 2024 $0.27; Aug 1, 2024 $0.27; Sep 3, 2024 $0.27; Oct 1, 2024 $0.26; Nov 1, 2024 $0.27; Dec 2, 2024 $0.27; Dec 24, 2024 $0.28; Feb 3, 2025 $0.27; Mar 3, 2025 $0.25; Apr 1, 2025 $0.28; May 1, 2025 $0.26; Jun 2, 2025 $0.28; Jul 1, 2025 $0.27; Aug 1, 2025 $0.28; Sep 2, 2025 $0.27; Oct 1, 2025 $0.27; Nov 3, 2025 $0.27; Dec 1, 2025 $0.27; Dec 18, 2025 $0.28; Feb 2, 2026 $0.28; 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 $0.28; Sep 1, 2026 $0.28; Oct 1, 2026 $0.27. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 4, 2026$0.28
Oct 1, 2026Oct 5, 2026$0.27
Sep 1, 2026Sep 3, 2026$0.28
Aug 3, 2026Aug 5, 2026$0.28
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$0.28
Dec 18, 2025Dec 22, 2025$0.28
Dec 1, 2025Dec 3, 2025$0.27

See all 237 payments⁠

$10,000 in BLV 10 years ago paid $3,862 in dividends.⁠

BLV Risk

How much the fund’s monthly returns vary, scaled to a year.
11.8%
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.
0.15
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.
−36.3%
Trough Oct 2023
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.
1.94
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.

BLV 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.

  • BLV 0.03%

    $638

  • BKAG 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • BLV 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$800051015202530BLV $638BKAG $0

Year by year

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

Other funds in US Aggregate Bond