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BNDY vs VTEB

Horizon Core Bond ETF vs Vanguard Tax-Exempt Bond Index Fund ETF Shares

BNDY

Horizon Core Bond ETF

Horizon Investments

Annual cost

0.66%

Fund size

$186M

VTEB

Vanguard Tax-Exempt Bond Index Fund ETF Shares

Vanguard

Annual cost

0.03%

Fund size

$45.6B

Key differences

  • VTEB costs 0.63% less per year.
  • VTEB is significantly larger than BNDY — larger funds tend to be more liquid and less likely to close.
  • BNDY is classified as alternative, while VTEB is fixed income — different risk/return profiles.
  • BNDY follows a option income strategy; VTEB uses index tracking.
  • VTEB has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

BNDYVTEB
Annual cost (TER)0.66%0.03%
Fund size (AUM)$186M$45.6B
Since20252015
Dividend yield3.34%
Asset classalternativefixed income
Regionnorth americanorth america
Strategyoption incomeindex tracking
CAGR 1YN/A+5.9%
CAGR 3YN/A+3.1%
CAGR 5YN/A+0.8%
Sharpe 3YN/A-0.10
Volatility 1Y2.71%
Max drawdown-3.93%-17.00%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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