FlexShares Core Select Bond Fund (BNDC) Performance
BNDC total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −1.4% since Dec 31, 2025
- 1 year
- −1.7% total return
- 5 years
- −0.5% a year
- Since first price
- +1.5% a year since 2016
BNDC trailing returns vs AGG, TLT, SPY
| Period | BNDC total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.8% | +0.5% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.8% | −1.9% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.8% | −3.8% | −1.5% | −3.8% | +7.8% |
| YTD | −1.4% | −4.4% | −1.0% | −3.4% | +12.3% |
| 1 year | −1.7% | −5.7% | −1.1% | −6.9% | +14.4% |
| 3 years | +15.9%+5.1%/yr | +2.9% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | −2.6%−0.5%/yr | −18.0% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionNov 21, 2016 | +15.5%+1.5%/yr | −14.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BNDC vs AGG
From Nov 21, 2016: BNDC grew to $11,547, AGG to $11,736.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BNDC returns by calendar year
6 of 9 full years positive. Best 2019 (+9.6%), worst 2022 (−13.5%). 2026 is year to date.
BNDC annual returns table
| Year | BNDC | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −1.4% | −5.0% | −1.0% | −3.4% | +12.3% |
| 2025 | +7.3% | −2.6% | +7.2% | +4.3% | +17.7% |
| 2024 | +0.9% | −4.5% | +1.3% | −8.1% | +24.9% |
| 2023 | +5.4% | −7.7% | +5.7% | +2.8% | +26.2% |
| 2022 | −13.5% | −16.7% | −13.0% | −31.2% | −18.2% |
| 2021 | −2.0% | −3.7% | −1.8% | −4.6% | +28.7% |
| 2020 | +8.7% | −9.8% | +7.5% | +18.2% | +18.3% |
| 2019 | +9.6% | −2.1% | +8.5% | +14.1% | +31.2% |
| 2018 | −1.5% | −3.4% | +0.1% | −1.6% | −4.6% |
| 2017 | +4.0% | −12.6% | +3.6% | +9.2% | +21.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BNDC largest drawdowns
Now 4.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 31, 2020 | −18.8% | Oct 20, 2022 | not yet | 1.8 years | 5.8 years so far |
| Nov 27, 2017 | −14.8% | Nov 13, 2018 | Mar 6, 2020 | 12 months | 2.3 years |
| Mar 6, 2020 | −9.8% | Mar 19, 2020 | May 20, 2020 | 13 days | 2 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
BNDC risk statistics
| Statistic | 3 years | 5 years | Since 2016 |
|---|---|---|---|
| Annualized return | +3.8% | −1.0% | +1.3% |
| Volatility (annualized) | 5.7% | 6.6% | 5.3% |
| Sharpe ratio | -0.08 | -0.68 | -0.17 |
| Sortino ratio | -0.11 | -0.85 | -0.22 |
| Best month | +4.6% | +4.6% | +4.6% |
| Worst month | −2.6% | −4.1% | −4.1% |
| Best 12 months | +11.6% | +11.6% | +11.8% |
| Worst 12 months | −2.4% | −16.4% | −16.4% |
| Positive months | 61% | 50% | 55% |
| Beta vs S&P 500 | 0.22 | 0.26 | — |
| Correlation with S&P 500 | 0.49 | 0.62 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BNDC rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 108 | −16.4% | +2.2% | +11.8% | 66% |
| 3-year (a year) | 84 | −5.7% | +3.1% | +6.0% | 61% |
| 5-year (a year) | 60 | −1.2% | −0.1% | +3.7% | 48% |
Every holding period starting at a month-end since 2016. Returns for 3 years and longer are annualized.
BNDC performance overview
FlexShares Core Select Bond Fund (BNDC) returned −1.7% over the past year and −0.5% a year over five years, with distributions reinvested. Since its first recorded price in 2016 it has returned +1.5% a year, turning $10,000 into about $11,547. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −18.8%, from Dec 31, 2020 to Oct 20, 2022; the fund has not yet regained that high. BNDC finished 6 of its 9 full calendar years with a gain; the best year was 2019 (+9.6%) and the worst 2022 (−13.5%). Volatility has been 5.3% a year.
Related: BNDC chart, BNDC dividends, BNDC bond profile. See the BNDC overview for the latest quote and fund facts.
BNDC performance FAQ
What is the BNDC return over the past year?
BNDC returned −1.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.7%.
What is the average annual return of BNDC?
BNDC has returned −0.5% a year over 5 years, +1.5% a year since November 21, 2016 (total return, distributions reinvested).
How much would $10,000 invested in BNDC be worth?
$10,000 invested in BNDC at its first recorded close on November 21, 2016 would be worth about $11,547 on October 23, 2026 with distributions reinvested.
What was the worst year for BNDC?
The worst calendar year was 2022, with a total return of −13.5%. The best was 2019 at +9.6%.
What is the biggest drawdown of BNDC?
The largest peak-to-trough decline was −18.8% between December 31, 2020 and October 20, 2022. It has not yet recovered to that high; it is 4.8% below its peak.
How volatile is BNDC?
Over the past 3 years BNDC had an annualized volatility of 5.7% and a Sharpe ratio of -0.08 (excess return over 1–3 month T-bills per unit of risk).