APCB vs. SYSB
APCB (ActivePassive Core Bond ETF) and SYSB (iShares Systematic Bond ETF) are both Intermediate Core-Plus Bond funds. APCB is actively managed, while SYSB is passively managed. Over the past 3 years, APCB returned 4.01%/yr vs 6.83%/yr for SYSB. Their correlation of 0.82 suggests significant overlap in exposure. APCB charges 0.36%/yr vs 0.25%/yr for SYSB.
Performance
APCB vs. SYSB - Performance Comparison
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Returns By Period
In the year-to-date period, APCB achieves a 0.46% return, which is significantly higher than SYSB's 0.43% return.
APCB
- 1D
- -0.17%
- 1M
- 0.68%
- YTD
- 0.46%
- 6M
- 0.76%
- 1Y
- 4.35%
- 3Y*
- 4.01%
- 5Y*
- —
- 10Y*
- —
SYSB
- 1D
- -0.18%
- 1M
- 0.72%
- YTD
- 0.43%
- 6M
- 0.65%
- 1Y
- 5.26%
- 3Y*
- 6.83%
- 5Y*
- 1.58%
- 10Y*
- 2.28%
APCB vs. SYSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
APCB ActivePassive Core Bond ETF | 0.46% | 6.87% | 1.45% | 1.57% |
SYSB iShares Systematic Bond ETF | 0.43% | 8.32% | 6.04% | 4.81% |
Correlation
The correlation between APCB and SYSB is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since May 3, 2023 | 0.82 |
The correlation between APCB and SYSB has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.
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Return for Risk
APCB vs. SYSB — Risk / Return Rank
APCB
SYSB
APCB vs. SYSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ActivePassive Core Bond ETF (APCB) and iShares Systematic Bond ETF (SYSB). 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 | SYSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.77 | -0.08 |
| Martin ratioReturn relative to average drawdown | 4.84 | 5.09 | -0.25 |
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Drawdowns
APCB vs. SYSB - Drawdown Comparison
The maximum APCB drawdown since its inception was -6.42%, smaller than the maximum SYSB drawdown of -18.47%. Use the drawdown chart below to compare losses from any high point for APCB and SYSB.
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Drawdown Indicators
| APCB | SYSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.42% | -18.47% | +12.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -2.99% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -5.32% | -3.08% | -2.24% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.47% | — |
Current DrawdownCurrent decline from peak | -1.24% | -1.42% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -1.51% | -3.27% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 1.04% | -0.14% |
Volatility
APCB vs. SYSB - Volatility Comparison
The current volatility for ActivePassive Core Bond ETF (APCB) is 1.01%, while iShares Systematic Bond ETF (SYSB) has a volatility of 1.23%. This indicates that APCB experiences smaller price fluctuations and is considered to be less risky than SYSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APCB | SYSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.23% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 3.23% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.42% | 3.92% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.83% | 5.64% | -0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 4.94% | -0.11% |
APCB vs. SYSB - Expense Ratio Comparison
APCB has a 0.36% expense ratio, which is higher than SYSB's 0.25% expense ratio.
Dividends
APCB vs. SYSB - Dividend Comparison
APCB's dividend yield for the trailing twelve months is around 4.34%, less than SYSB's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APCB ActivePassive Core Bond ETF | 4.34% | 4.35% | 4.74% | 2.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYSB iShares Systematic Bond ETF | 4.60% | 4.78% | 5.04% | 4.44% | 3.27% | 1.92% | 2.57% | 3.27% | 3.61% | 2.74% | 2.92% | 2.26% |
Frequently Asked Questions
APCB and SYSB have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SYSB has higher volatility (1.23%) compared to APCB (1.01%). In terms of maximum drawdown, APCB dropped -6.42% vs SYSB's -18.47%.
On 3-year performance, SYSB leads with 6.83% vs 4.01% for APCB. On fees, SYSB is cheaper at 0.25% per year. On volatility, APCB has been the lower-risk option at 1.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SYSB has performed better with a 6.83% return vs 4.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SYSB is cheaper with a 0.25% expense ratio, compared with 0.36% for APCB.
SYSB has the higher dividend yield at 4.60%, compared with 4.34% for APCB.
They also come from different issuers: ActivePassive and iShares. Their fees differ too: 0.36% for APCB and 0.25% for SYSB.
SYSB currently has the higher Sharpe Ratio (1.35 vs 1.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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