BNDP vs. KDRN

Last updated Jul 14, 2026

BNDP (Vanguard Core-Plus Bond Index ETF) and KDRN (Kingsbarn Tactical Bond ETF) are both Intermediate Core-Plus Bond funds. BNDP is passively managed, while KDRN is actively managed. Their correlation of 0.80 suggests significant overlap in exposure. BNDP charges 0.05%/yr vs 1.09%/yr for KDRN.

Performance

BNDP vs. KDRN - Performance Comparison

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

Returns By Period

In the year-to-date period, BNDP achieves a -0.11% return, which is significantly lower than KDRN's 0.87% return.

BNDP

• 1D: -0.46%
• 1M: -0.62%
• 6M: -0.25%
• YTD: -0.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KDRN

• 1D: -0.19%
• 1M: -0.41%
• 6M: 0.64%
• YTD: 0.87%
• 1Y: 2.57%
• 3Y*: 3.14%
• 5Y*: —
• 10Y*: —

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

BNDP vs. KDRN - Yearly Performance Comparison

	2026 (YTD)	2025
BNDP Vanguard Core-Plus Bond Index ETF	-0.11%	0.08%
KDRN Kingsbarn Tactical Bond ETF	0.87%	-0.51%

Correlation

The correlation between BNDP and KDRN is 0.80, 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 4, 2025	0.80

Return for Risk

BNDP vs. KDRN — Risk / Return Rank

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

BNDP

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

KDRN

KDRN Risk / Return Rank: 27
KDRN Sharpe Ratio Rank: 26
KDRN Sortino Ratio Rank: 24
KDRN Omega Ratio Rank: 25
KDRN Calmar Ratio Rank: 36
KDRN Martin Ratio Rank: 26

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. KDRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond Index ETF (BNDP) and Kingsbarn Tactical Bond ETF (KDRN). 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.

	BNDP	KDRN	Difference
Sharpe ratio: Return per unit of total volatility	—	0.77	—
Sortino ratio: Return per unit of downside risk	—	1.14	—
Omega ratio: Gain probability vs. loss probability	—	1.14	—
Calmar ratio: Return relative to maximum drawdown	—	1.46	—
Martin ratio: Return relative to average drawdown	—	2.82	—

Drawdowns

BNDP vs. KDRN - Drawdown Comparison

The maximum BNDP drawdown since its inception was -2.60%, smaller than the maximum KDRN drawdown of -15.29%. Use the drawdown chart below to compare losses from any high point for BNDP and KDRN.

Drawdown Indicators

	BNDP	KDRN	Difference
Max Drawdown Largest peak-to-trough decline	-2.60%	-15.29%	+12.69%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.77%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.94%	—
Current Drawdown Current decline from peak	-1.75%	-1.15%	-0.60%
Average Drawdown Average peak-to-trough decline	-0.91%	-4.67%	+3.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.91%	—

Volatility

Volatility by Period

	BNDP	KDRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.70%	3.36%	+0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.70%	6.53%	-2.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.70%	6.53%	-2.83%

BNDP vs. KDRN - Expense Ratio Comparison

BNDP has a 0.05% expense ratio, which is lower than KDRN's 1.09% expense ratio.

Dividends

BNDP vs. KDRN - Dividend Comparison

BNDP's dividend yield for the trailing twelve months is around 2.46%, less than KDRN's 3.35% yield.

Position	TTM	2025	2024	2023	2022
BNDP Vanguard Core-Plus Bond Index ETF	2.46%	0.24%	0.00%	0.00%	0.00%
KDRN Kingsbarn Tactical Bond ETF	3.35%	2.54%	2.83%	2.84%	2.11%

Frequently Asked Questions

Can I hold both BNDP and KDRN in my portfolio?

BNDP and KDRN have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BNDP or KDRN?

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 KDRN?

BNDP is cheaper with a 0.05% expense ratio, compared with 1.09% for KDRN.

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

KDRN has the higher dividend yield at 3.35%, compared with 2.46% for BNDP.

What is the main difference between BNDP and KDRN?

They also come from different issuers: Vanguard and Kingsbarn. Their fees differ too: 0.05% for BNDP and 1.09% for KDRN.