Both the iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) and the Vanguard Total Bond Market ETF (NASDAQ:BND) are designed for investors seeking core bond exposure, but their approaches differ: IEI sticks to intermediate-term U.S. Treasuries, while BND covers a more broad spectrum of investment-grade bonds. 此兩檔ETF皆旨在為尋求核心債券配置的投資人提供曝險，但策略不同：IEI專注於中期美國國債，而BND則覆蓋更廣泛的投資級公司債與按揭證券。Metric IEI BND 發行機構 IShares Vanguard 管理費用比率 0.15% 0.03% 截至2026年2月14日之 trailing 12 個月回報 4.22% 4.19% 股息yield 3.48% 3.83% Beta 0.15 0.27 資產規模 (AUM) 180.6億美元 3,892.2億美元 Beta 衡量價格波動相對於 S&P 500；使用五年週期回報計算。1年回報代表過去12個月的總回報。 Vanguard Total Bond Market ETF 以其顯著較低的管理費用比率而在長期持有者族群中更具成本競爭力，而其 1 年回報與 IEI 非常相近。Metric IEI BND 5 年最大回檔 (Max drawdown) -13.89% -17.91% 5 年內 1,000美元的成長 902美元 853美元 近 20 年來，BND 追蹤美國投資級債券市場，持有約 15,000 檔證券，涵蓋美國國債、按揭債務與投資級公司債，適合尋求均衡配置的投資人。 IEI 持有 87 檔美國國債，期限在 3 至 7 年間，提供純粹政府債券曝險，信用風險極低。該基金於 BND 之後僅三個月推出，其持倉幾乎全部為 AA 等級，屬於次高等級。 對於風險觀點而言，兩檔基金相互補足：IEI 的持倉幾乎全為 AA 等級的美國政府債券，而 BND 有 72% 為 AAA 等級，其餘則持有 AA、A 及 BBB 等級。雖然 IEI 沒有 AAA 等級，但其 AA 等級已是次佳選擇；相較之下，BND 雖持有較低等級債券，但 AAA 等級的比重彌補了其信用風險。 此外，雖然 BND 的股息yield 百分比較高，但因 BND 的交易價格較低（截至 2026 年 2 月 14 日，BND 約 74.88 美元），而 IEI 約 120.14 美元，因此 IEI 的月分配金額實際上 nearly twice as high。 When deciding between these two ETFs it will essentially come down to if investors prefer more diverse bond exposure or more concentration on U.S. government fixed-income. Both funds have similar one-year returns, but it should be noted that BND’s price has dropped about four percent worse than IEI over the last five years, when looking from a more long-term perspective。 In terms of risk, the two funds nearly balance each other out as IEI has nearly 100% AA-rated bonds, which are all federally issued; while BND has 72% in AAA-rated bonds. So even though IEI doesn’t have AAA-rated bonds, it holds the second best there is to offer, and while BND holds some A and BBB-rated bonds, the AAA bonds make up for it。 What’s interesting is that although BND has a higher dividend yield percentage, IEI’s actual monthly dividend payouts are nearly twice as high because the BlackRock fund has a price of $120.14 compared to the Vanguard fund’s price of $74.88 (as of Feb. 14, 2026). View Comments