- Issuer
- ActivePassive
- Inception Date
- May 2, 2023
- Category
- Intermediate Core-Plus Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $897M
Highlights
- Avg. Volume (1M)
- 178K
- Avg. Volume Value (1M)
- $5.18M
Share Price Chart
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Performance
APCB Performance Chart
ActivePassive Core Bond ETF (APCB) is down 0.5% since the beginning of the year. APCB is currently trading at $29 per share.
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Returns By Period
ActivePassive Core Bond ETF (APCB) has returned -0.51% so far this year and 1.90% over the past 12 months.
ActivePassive Core Bond ETF
- 1D
- -0.21%
- 1M
- -1.30%
- 6M
- -0.78%
- YTD
- -0.51%
- 1Y
- 1.90%
- 3Y*
- 3.88%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.85%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
APCB Monthly Returns History
Based on dividend-adjusted daily data since May 3, 2023, APCB's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, an investment would double in approximately 24.1 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2023 with a return of +4.0%, while the worst month was Sep 2023 at -2.4%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, APCB closed higher 51% of trading days. The best single day was Nov 14, 2023 with a return of +1.2%, while the worst single day was Apr 7, 2025 at -1.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.27% | 1.45% | -1.91% | 0.44% | 0.23% | 0.31% | -1.26% | -0.51% | |||||
| 2025 | 0.52% | 1.85% | 0.09% | 0.41% | -0.46% | 1.45% | -0.29% | 1.04% | 0.96% | 0.63% | 0.61% | -0.12% | 6.87% |
| 2024 | -0.29% | -1.21% | 0.84% | -2.21% | 1.46% | 0.94% | 2.17% | 1.34% | 1.13% | -2.27% | 1.23% | -1.55% | 1.45% |
| 2023 | -1.49% | -0.31% | -0.09% | -0.41% | -2.40% | -1.22% | 4.04% | 3.63% | 1.57% |
Benchmark Metrics
ActivePassive Core Bond ETF has an annualized alpha of 1.79%, beta of 0.06, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since May 03, 2023.
- This ETF participated in 32.03% of S&P 500 Index downside but only 16.74% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.06 may look defensive, but with R2 of 0.03 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.03 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.79%
- Beta
- 0.06
- R²
- 0.03
- Upside Capture
- 16.74%
- Downside Capture
- 32.03%
Expense Ratio
APCB has an expense ratio of 0.36%, placing it in the medium range.
Return for Risk
Risk / Return Rank
APCB ranks 30 for risk / return — above 30% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for ActivePassive Core Bond ETF (APCB) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| APCB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.25 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 2.00 | -0.98 |
| Martin ratioReturn relative to average drawdown | 2.58 | 8.49 | -5.91 |
Dividends
Dividend History
ActivePassive Core Bond ETF provided a 4.05% dividend yield over the last twelve months, with an annual payout of $1.17 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $1.17 | $1.29 | $1.37 | $0.66 |
Dividend yield | 4.05% | 4.35% | 4.74% | 2.22% |
Monthly Dividends
The table displays the monthly dividend distributions for ActivePassive Core Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.04 | $0.10 | $0.11 | $0.10 | $0.10 | $0.11 | $0.55 | |||||
| 2025 | $0.00 | $0.06 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.07 | $0.20 | $0.25 | $1.29 |
| 2024 | $0.00 | $0.14 | $0.08 | $0.10 | $0.05 | $0.10 | $0.09 | $0.11 | $0.10 | $0.10 | $0.10 | $0.39 | $1.37 |
| 2023 | $0.14 | $0.09 | $0.09 | $0.08 | $0.10 | $0.16 | $0.66 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ActivePassive Core Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ActivePassive Core Bond ETF was 6.42%, occurring on Oct 19, 2023. Recovery took 38 trading sessions.
The current ActivePassive Core Bond ETF drawdown is 2.20%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-6.42%Oct 2023 | 5mo 18d | 1mo 25d | 7mo 13dMay 2023 - Dec 2023 | — |
-4.23%Jan 2025 | 3mo 29d | 5mo 11d | 9mo 10dSep 2024 - Jun 2025 | — |
-3.51%Apr 2024 | 3mo 29d | 2mo 17d | 6mo 16dDec 2023 - Jul 2024 | — |
-2.58%May 2026 | 2mo 18d | — | 5mo 4dMar 2026 - now | — |
-1.10%Jul 2025 | 14d | 17d | 1mo 1dJul 2025 - Aug 2025 | — |
Drawdown Indicators
| APCB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.42% | -56.78% | +50.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -9.10% | +6.52% |
Max Drawdown (3Y)Largest decline over 3 years | -4.41% | -18.90% | +14.49% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.20% | -1.58% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -1.50% | -10.70% | +9.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 2.14% | -1.12% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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