APCB vs. BNDP
APCB (ActivePassive Core Bond ETF) and BNDP (Vanguard Core-Plus Bond Index ETF) are both Intermediate Core-Plus Bond funds. APCB is actively managed, while BNDP is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. APCB charges 0.36%/yr vs 0.05%/yr for BNDP.
Performance
APCB vs. BNDP - Performance Comparison
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Returns By Period
In the year-to-date period, APCB achieves a 0.29% return, which is significantly lower than BNDP's 0.34% return.
APCB
- 1D
- -0.20%
- 1M
- 0.27%
- YTD
- 0.29%
- 6M
- 0.29%
- 1Y
- 4.82%
- 3Y*
- 3.96%
- 5Y*
- —
- 10Y*
- —
BNDP
- 1D
- -0.08%
- 1M
- 0.41%
- YTD
- 0.34%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APCB vs. BNDP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
APCB ActivePassive Core Bond ETF | 0.29% | 0.21% |
BNDP Vanguard Core-Plus Bond Index ETF | 0.34% | 0.10% |
Correlation
The correlation between APCB and BNDP is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 5, 2025 | 0.92 |
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Return for Risk
APCB vs. BNDP — Risk / Return Rank
APCB
BNDP
APCB vs. BNDP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ActivePassive Core Bond ETF (APCB) 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.
| APCB | BNDP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | — | — |
| Martin ratioReturn relative to average drawdown | 5.64 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| APCB | BNDP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.25 | +0.43 |
Drawdowns
APCB vs. BNDP - Drawdown Comparison
The maximum APCB drawdown since its inception was -6.42%, which is greater than BNDP's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for APCB and BNDP.
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Drawdown Indicators
| APCB | BNDP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.42% | -2.60% | -3.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.32% | — | — |
Current DrawdownCurrent decline from peak | -1.41% | -1.31% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -1.51% | -0.86% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | — | — |
Volatility
APCB vs. BNDP - Volatility Comparison
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Volatility by Period
| APCB | BNDP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.42% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 3.63% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.84% | 3.63% | +1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.84% | 3.63% | +1.21% |
APCB vs. BNDP - Expense Ratio Comparison
APCB has a 0.36% expense ratio, which is higher than BNDP's 0.05% expense ratio.
Dividends
APCB vs. BNDP - Dividend Comparison
APCB's dividend yield for the trailing twelve months is around 4.35%, more than BNDP's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
APCB ActivePassive Core Bond ETF | 4.35% | 4.35% | 4.74% | 2.22% |
BNDP Vanguard Core-Plus Bond Index ETF | 2.08% | 0.24% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, APCB and BNDP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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.
BNDP is cheaper with a 0.05% expense ratio, compared with 0.36% for APCB.
APCB has the higher dividend yield at 4.35%, compared with 2.08% for BNDP.
They also come from different issuers: ActivePassive and Vanguard. Their fees differ too: 0.36% for APCB and 0.05% for BNDP.
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