BNDC vs. OCIO
Compare and contrast key facts about FlexShares Core Select Bond Fund (BNDC) and ClearShares OCIO ETF (OCIO).
BNDC and OCIO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BNDC is an actively managed fund by Northern Trust. It was launched on Nov 18, 2016. OCIO is an actively managed fund by ClearShares LLC. It was launched on Jun 27, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNDC or OCIO.
Key characteristics
| BNDC | OCIO | |
|---|---|---|
| YTD Return | 1.96% | 14.44% |
| 1Y Return | 8.63% | 22.11% |
| 3Y Return (Ann) | -2.81% | 4.37% |
| 5Y Return (Ann) | 0.02% | 8.51% |
| Sharpe Ratio | 1.28 | 2.38 |
| Sortino Ratio | 1.90 | 3.32 |
| Omega Ratio | 1.23 | 1.44 |
| Calmar Ratio | 0.48 | 2.68 |
| Martin Ratio | 4.53 | 14.11 |
| Ulcer Index | 1.71% | 1.55% |
| Daily Std Dev | 6.03% | 9.21% |
| Max Drawdown | -18.79% | -24.21% |
| Current Drawdown | -8.97% | 0.00% |
Correlation
The correlation between BNDC and OCIO is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BNDC vs. OCIO - Performance Comparison
In the year-to-date period, BNDC achieves a 1.96% return, which is significantly lower than OCIO's 14.44% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BNDC vs. OCIO - Expense Ratio Comparison
BNDC has a 0.35% expense ratio, which is lower than OCIO's 0.61% expense ratio.
Risk-Adjusted Performance
BNDC vs. OCIO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Core Select Bond Fund (BNDC) and ClearShares OCIO ETF (OCIO). 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.
Dividends
BNDC vs. OCIO - Dividend Comparison
BNDC's dividend yield for the trailing twelve months is around 3.65%, more than OCIO's 1.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
BNDC FlexShares Core Select Bond Fund | 3.65% | 3.20% | 2.65% | 1.73% | 2.61% | 2.88% | 2.86% | 2.50% | 0.64% |
OCIO ClearShares OCIO ETF | 1.87% | 2.32% | 3.21% | 2.83% | 2.90% | 2.22% | 2.16% | 0.84% | 0.00% |
Drawdowns
BNDC vs. OCIO - Drawdown Comparison
The maximum BNDC drawdown since its inception was -18.79%, smaller than the maximum OCIO drawdown of -24.21%. Use the drawdown chart below to compare losses from any high point for BNDC and OCIO. For additional features, visit the drawdowns tool.
Volatility
BNDC vs. OCIO - Volatility Comparison
The current volatility for FlexShares Core Select Bond Fund (BNDC) is 1.68%, while ClearShares OCIO ETF (OCIO) has a volatility of 2.80%. This indicates that BNDC experiences smaller price fluctuations and is considered to be less risky than OCIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.