Updated Reviewed quarterly
BND vs SCHZ: ETF Comparison
BND · Vanguard
TER 0.03% · Yield 4.7%
SCHZ · Schwab
TER 0.03% · Yield —
Both BND and SCHZ are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.
In 30 seconds: BND (Vanguard Total Bond Market ETF, Vanguard) trades on the NASDAQ at 0.03% TER. SCHZ (Schwab US Aggregate Bond ETF, Schwab) trades on the NYSE Arca at 0.03% TER. Both BND and SCHZ are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.
- BND: Vanguard Total Bond Market ETF — 0.03% TER, FIF above NZ$50K
- SCHZ: Schwab US Aggregate Bond ETF — 0.03% TER, FIF above NZ$50K
- BND yield: 4.7% (Monthly)
- SCHZ yield: not currently published
- Cheaper TER: SCHZ
Head-to-head comparison
| Feature | BND | SCHZ |
|---|---|---|
| Fund | Vanguard Total Bond Market ETF | Schwab US Aggregate Bond ETF |
| Issuer | Vanguard | Schwab |
| Exchange | NASDAQ | NYSE Arca |
| Total expense ratio | 0.03% | 0.03% |
| Dividend yield (TTM) | 4.7% | — |
| Distribution frequency | Monthly | Monthly |
| NZ tax wrapper | FIF above NZ$50K | FIF above NZ$50K |
Where to buy
BND trades on the NASDAQ — buy via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. SCHZ trades on the NYSE Arca — buy via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. See all 11 NZ investment platforms compared.
Frequently asked questions
What is the difference between BND and SCHZ?▾
BND (Vanguard Total Bond Market ETF) charges 0.03% TER vs SCHZ (Schwab US Aggregate Bond ETF) at 0.03%. BND is from Vanguard; SCHZ is from Schwab. Both BND and SCHZ are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.
Which has the lower fee, BND or SCHZ?▾
SCHZ is cheaper at 0.03% TER vs BND at 0.03% — a gap of 0.00 percentage points.
Which yields more, BND or SCHZ?▾
Yield data for at least one fund is not currently published — check the issuer fact sheet for the latest trailing 12-month yield. Headline yield is gross; after-tax outcome depends on your tax wrapper (FIF above NZ$50K for BND, FIF above NZ$50K for SCHZ).
Can NZ residents buy both BND and SCHZ?▾
Yes. BND is available via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. SCHZ is available via Hatch, Stake, Sharesies, Tiger and Interactive Brokers.
How does NZ tax differ between BND and SCHZ?▾
BND is FIF above NZ$50K. SCHZ is FIF above NZ$50K. Same tax wrapper, no structural tax difference between the two for NZ residents. See /tax/pie-vs-fif/ for the full mechanics.
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