ADFI vs. BNDP

Last updated Jun 23, 2026

ADFI (Anfield Dynamic Fixed Income ETF) and BNDP (Vanguard Core-Plus Bond Index ETF) are both Intermediate Core-Plus Bond funds. ADFI is actively managed, while BNDP is passively managed. A 0.75 correlation means they provide meaningful diversification when combined. ADFI charges 1.75%/yr vs 0.05%/yr for BNDP.

Performance

ADFI vs. BNDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Anfield Dynamic Fixed Income ETF (ADFI) and Vanguard Core-Plus Bond Index ETF (BNDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADFI achieves a 0.02% return, which is significantly lower than BNDP's 0.42% return.

ADFI

• 1D: -0.35%
• 1M: 0.50%
• YTD: 0.02%
• 6M: 0.31%
• 1Y: 2.70%
• 3Y*: 3.34%
• 5Y*: -0.18%
• 10Y*: —

BNDP

• 1D: -0.25%
• 1M: 0.73%
• YTD: 0.42%
• 6M: 0.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADFI vs. BNDP - Yearly Performance Comparison

	2026 (YTD)	2025
ADFI Anfield Dynamic Fixed Income ETF	0.02%	0.03%
BNDP Vanguard Core-Plus Bond Index ETF	0.42%	0.08%

Correlation

The correlation between ADFI and BNDP is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.75

Return for Risk

ADFI vs. BNDP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADFI

ADFI Risk / Return Rank: 20
ADFI Sharpe Ratio Rank: 18
ADFI Sortino Ratio Rank: 16
ADFI Omega Ratio Rank: 15
ADFI Calmar Ratio Rank: 23
ADFI Martin Ratio Rank: 24

BNDP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADFI vs. BNDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Anfield Dynamic Fixed Income ETF (ADFI) and Vanguard Core-Plus Bond Index ETF (BNDP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	ADFI	BNDP	Difference
Sharpe ratio: Return per unit of total volatility	0.59	—	—
Sortino ratio: Return per unit of downside risk	0.88	—	—
Omega ratio: Gain probability vs. loss probability	1.10	—	—
Calmar ratio: Return relative to maximum drawdown	1.09	—	—
Martin ratio: Return relative to average drawdown	3.07	—	—

Drawdowns

ADFI vs. BNDP - Drawdown Comparison

The maximum ADFI drawdown since its inception was -17.62%, which is greater than BNDP's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for ADFI and BNDP.

Drawdown Indicators

	ADFI	BNDP	Difference
Max Drawdown Largest peak-to-trough decline	-17.62%	-2.60%	-15.02%
Max Drawdown (1Y) Largest decline over 1 year	-2.48%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.60%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.11%	—	—
Current Drawdown Current decline from peak	-3.61%	-1.23%	-2.38%
Average Drawdown Average peak-to-trough decline	-7.57%	-0.89%	-6.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	—	—

Volatility

Volatility by Period

	ADFI	BNDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.59%	3.71%	+0.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.20%	3.71%	+2.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.87%	3.71%	+2.16%

ADFI vs. BNDP - Expense Ratio Comparison

ADFI has a 1.75% expense ratio, which is higher than BNDP's 0.05% expense ratio.

Dividends

ADFI vs. BNDP - Dividend Comparison

ADFI's dividend yield for the trailing twelve months is around 3.23%, more than BNDP's 2.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ADFI Anfield Dynamic Fixed Income ETF	3.23%	3.30%	3.17%	2.90%	1.60%	0.80%	0.50%
BNDP Vanguard Core-Plus Bond Index ETF	2.08%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ADFI and BNDP in my portfolio?

ADFI and BNDP have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ADFI or BNDP?

On fees, BNDP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ADFI or BNDP?

BNDP is cheaper with a 0.05% expense ratio, compared with 1.75% for ADFI.

Which ETF pays a higher dividend yield, ADFI or BNDP?

ADFI has the higher dividend yield at 3.23%, compared with 2.08% for BNDP.

What is the main difference between ADFI and BNDP?

They also come from different issuers: Anfield and Vanguard. Their fees differ too: 1.75% for ADFI and 0.05% for BNDP.