MSTIvsBNDETF Comparison
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Madison Short-Term Strategic Income ETF (MSTI) and Vanguard Total Bond Market ETF (BND) belong to the same industry segment: US Aggregate Bonds. In contrast, BND's top sector exposures are Sovereign, Finance and Industrials. MSTI is more expensive with a Total Expense Ratio (TER) of 0.36%, versus 0.03% for BND. MSTI is up 0.26% year-to-date (YTD) with -$13M in YTD flows. BND performs worse with -2.11% YTD performance, and +$25.69B in YTD flows. Run a side-by-side ETF comparison of MSTI and BND below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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MSTI vs BND performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/19/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MSTI BND | -0.19%-0.74% | -0.65%-1.82% | +0.26%-2.11% | +1.02%-2.29% | +18.06%+15.92% | n/a-2.31% |
| Flows | MSTI BND | -+$2.95B | -+$8.06B | -$13M+$25.69B | -$18M+$31.40B | -$10M+$69.37B | -+$99.85B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MSTI BND | +2.18%+4.28% | +1.90%+3.78% | +2.14%+4.80% | n/a+5.84% |
| Max drawdown | MSTI BND | -1.73%-3.20% | -1.73%-4.85% | -1.73%-4.85% | n/a-17.62% |
| Max drawdown duration | MSTI BND | 55d55d | 55d232d | 55d232d | n/a1564d |
Trading data
MSTI | BND | |
Last sale 10/20/2026 at 1:30 PM | $19.87 | $70.75 |
| Previous close 10/19/2026 | $19.87 | $70.60 |
| Consolidated volume 10/19/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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MSTI
is actively managed and doesn’t replicate an indexMSTI | BND | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/20/2026 at 1:30 PM
Live
Closed
MSTI | BND | |
|---|---|---|
| Last price | $19.87 | $70.75 |
| 1D performance | +0.00% | +0.21% |
| AuM | $48.21 M | $164.17 B |
| E/R | 0.36% | 0.03% |
Characteristics
MSTI | BND | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Madison Investments | Vanguard |
| Benchmark | - | Bloomberg U.S. Aggregate Float Adjusted Index |
| N° of holdings | - | 9485 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 6, 2023 | April 3, 2007 |
| ESG | No | No |
Exposure
Countries
MSTI
Data will be available soon
BND
USA
76.02%
Other
23.98%
Sectors
MSTI
Data will be available soon
BND
Sovereign
48.07%
Finance
10.83%
Industrials
7.38%
Other
33.72%
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Diversification
MSTI
Data will be available soon
BND
Total weight of top 15 holdings out of 15
5.83%
Top 15 holdings
Data as of January 1, 1970
MSTI
Data will be available soon
BND
USA, Notes 3.5% 31jan2028, USD (U-2028)
0.47%
USA, Notes 4.25% 15nov2034, USD (F-2034)
0.41%
USA, Notes 4.375% 15may2034, USD (C-2034)
0.41%
USA, Notes 3.375% 30nov2027, USD (BL-2027)
0.41%
USA, Notes 4.625% 15feb2035, USD (B-2035)
0.41%
USA, Notes 3.875% 15aug2034, USD (E-2034)
0.41%
USA, Notes 4% 15feb2034, USD (B-2034)
0.40%
USA, Notes 4.125% 15feb2036, USD (B-2036)
0.40%
USA, Notes 4.25% 15aug2035, USD (E-2035)
0.38%
USA, Notes 4.5% 15nov2033, USD (F-2033)
0.38%
USA, Notes 4.25% 15may2035, USD (C-2035)
0.36%
USA, Notes 3.875% 15aug2033, USD (E-2033)
0.35%
USA, Notes 4% 28feb2030, USD (H-2030)
0.35%
USA, Notes 2.875% 15may2032, USD (C-2032)
0.35%
USA, Notes 1.25% 15aug2031, USD (E-2031)
0.34%
Frequently asked questions about MSTI and BND
How have the MSTI and BND ETFs performed in 2026?
As of October 19, 2026, MSTI is up 0.26% year-to-date (YTD), while BND has lost -2.11%. That puts MSTI better performer ahead so far this year.
Which ETF is attracting more investor money: MSTI or BND?
Year-to-date, the MSTI ETF saw -$13M in flows, compared to +$25.69B for BND.
Which ETF is more volatile: MSTI or BND?
Over the past year, MSTI had a volatility of 1.9%, while BND experienced 3.78%.
Which ETF is bigger: MSTI or BND?
As of October 19, 2026, MSTI holds $48.21 M in assets under management (AUM), while BND manages $164.17 B.
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Latest news about MSTI & BND
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October 27, 2023
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