BNDP vs. FTRB

Last updated Jun 3, 2026

BNDP (Vanguard Core-Plus Bond Index ETF) and FTRB (Federated Hermes Total Return Bond ETF) are both Intermediate Core-Plus Bond funds. BNDP is passively managed, while FTRB is actively managed. Their correlation of 0.91 suggests significant overlap in exposure. BNDP charges 0.05%/yr vs 0.39%/yr for FTRB.

Performance

BNDP vs. FTRB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Core-Plus Bond Index ETF (BNDP) and Federated Hermes Total Return Bond ETF (FTRB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNDP achieves a 0.42% return, which is significantly higher than FTRB's 0.27% return.

BNDP

• 1D: 0.11%
• 1M: 0.13%
• YTD: 0.42%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTRB

• 1D: 0.02%
• 1M: -0.10%
• YTD: 0.27%
• 6M: 0.45%
• 1Y: 5.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BNDP vs. FTRB - Yearly Performance Comparison

	2026 (YTD)	2025
BNDP Vanguard Core-Plus Bond Index ETF	0.42%	0.10%
FTRB Federated Hermes Total Return Bond ETF	0.27%	0.14%

Correlation

The correlation between BNDP and FTRB is 0.91, 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	0.91

Return for Risk

BNDP vs. FTRB — Risk / Return Rank

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

FTRB

FTRB Risk / Return Rank: 43
FTRB Sharpe Ratio Rank: 44
FTRB Sortino Ratio Rank: 46
FTRB Omega Ratio Rank: 45
FTRB Calmar Ratio Rank: 39
FTRB Martin Ratio Rank: 39

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.

BNDP vs. FTRB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond Index ETF (BNDP) and Federated Hermes Total Return Bond ETF (FTRB). 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.

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

Sharpe Ratios by Period

	BNDP	FTRB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.95	-0.66

Drawdowns

BNDP vs. FTRB - Drawdown Comparison

The maximum BNDP drawdown since its inception was -2.60%, smaller than the maximum FTRB drawdown of -4.83%. Use the drawdown chart below to compare losses from any high point for BNDP and FTRB.

Drawdown Indicators

	BNDP	FTRB	Difference
Max Drawdown Largest peak-to-trough decline	-2.60%	-4.83%	+2.23%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.80%	—
Current Drawdown Current decline from peak	-1.23%	-1.39%	+0.16%
Average Drawdown Average peak-to-trough decline	-0.86%	-1.29%	+0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.88%	—

Volatility

Volatility by Period

	BNDP	FTRB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.62%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.65%	3.59%	+0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.65%	4.56%	-0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.65%	4.56%	-0.91%

BNDP vs. FTRB - Expense Ratio Comparison

BNDP has a 0.05% expense ratio, which is lower than FTRB's 0.39% expense ratio.

Dividends

BNDP vs. FTRB - Dividend Comparison

BNDP's dividend yield for the trailing twelve months is around 2.08%, less than FTRB's 4.29% yield.

Position	TTM	2025	2024
BNDP Vanguard Core-Plus Bond Index ETF	2.08%	0.24%	0.00%
FTRB Federated Hermes Total Return Bond ETF	4.29%	4.46%	4.40%

Frequently Asked Questions

Can I hold both BNDP and FTRB in my portfolio?

With a correlation of 0.91, BNDP and FTRB 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.

Which ETF is better, BNDP or FTRB?

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, BNDP or FTRB?

BNDP is cheaper with a 0.05% expense ratio, compared with 0.39% for FTRB.

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

FTRB has the higher dividend yield at 4.29%, compared with 2.08% for BNDP.

What is the main difference between BNDP and FTRB?

They also come from different issuers: Vanguard and Federated. Their fees differ too: 0.05% for BNDP and 0.39% for FTRB.