APCB vs. ESGB

Last updated Jun 24, 2026

APCB (ActivePassive Core Bond ETF) and ESGB (IQ MacKay ESG Core Plus Bond ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. At a 0.13 correlation, their price movements are largely independent. APCB charges 0.36%/yr vs 0.39%/yr for ESGB.

Performance

APCB vs. ESGB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ActivePassive Core Bond ETF (APCB) and IQ MacKay ESG Core Plus Bond ETF (ESGB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

APCB

• 1D: 0.14%
• 1M: 0.82%
• YTD: 0.60%
• 6M: 0.85%
• 1Y: 4.25%
• 3Y*: 4.06%
• 5Y*: —
• 10Y*: —

ESGB

• 1D: 0.25%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

APCB vs. ESGB - Yearly Performance Comparison

	2026 (YTD)
APCB ActivePassive Core Bond ETF	0.31%
ESGB IQ MacKay ESG Core Plus Bond ETF	-0.18%

Correlation

The correlation between APCB and ESGB is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 4, 2026	0.13

Return for Risk

APCB vs. ESGB — Risk / Return Rank

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

APCB

APCB Risk / Return Rank: 36
APCB Sharpe Ratio Rank: 38
APCB Sortino Ratio Rank: 38
APCB Omega Ratio Rank: 36
APCB Calmar Ratio Rank: 35
APCB Martin Ratio Rank: 34

ESGB

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.

APCB vs. ESGB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ActivePassive Core Bond ETF (APCB) and IQ MacKay ESG Core Plus Bond ETF (ESGB). 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.

	APCB	ESGB	Difference
Sharpe ratio: Return per unit of total volatility	1.25	—	—
Sortino ratio: Return per unit of downside risk	1.85	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	1.65	—	—
Martin ratio: Return relative to average drawdown	4.70	—	—

Drawdowns

APCB vs. ESGB - Drawdown Comparison

The maximum APCB drawdown since its inception was -6.42%, which is greater than ESGB's maximum drawdown of -0.64%. Use the drawdown chart below to compare losses from any high point for APCB and ESGB.

Drawdown Indicators

	APCB	ESGB	Difference
Max Drawdown Largest peak-to-trough decline	-6.42%	-0.64%	-5.78%
Max Drawdown (1Y) Largest decline over 1 year	-2.58%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.32%	—	—
Current Drawdown Current decline from peak	-1.11%	-0.39%	-0.72%
Average Drawdown Average peak-to-trough decline	-1.50%	-0.38%	-1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	—	—

Volatility

Volatility by Period

	APCB	ESGB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.01%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.41%	4.10%	-0.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.82%	4.10%	+0.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.82%	4.10%	+0.72%

APCB vs. ESGB - Expense Ratio Comparison

APCB has a 0.36% expense ratio, which is lower than ESGB's 0.39% expense ratio.

Dividends

APCB vs. ESGB - Dividend Comparison

APCB's dividend yield for the trailing twelve months is around 4.34%, while ESGB has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
APCB ActivePassive Core Bond ETF	4.34%	4.35%	4.74%	2.22%
ESGB IQ MacKay ESG Core Plus Bond ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both APCB and ESGB in my portfolio?

APCB and ESGB have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, APCB or ESGB?

On fees, APCB is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, APCB or ESGB?

APCB is cheaper with a 0.36% expense ratio, compared with 0.39% for ESGB.

Which ETF pays a higher dividend yield, APCB or ESGB?

APCB has the higher dividend yield at 4.34%, compared with 0.00% for ESGB.

What is the main difference between APCB and ESGB?

They also come from different issuers: ActivePassive and IndexIQ. Their fees differ too: 0.36% for APCB and 0.39% for ESGB.