BNDP vs. WABF
BNDP (Vanguard Core-Plus Bond Index ETF) and WABF (Western Asset Bond ETF) are both Intermediate Core-Plus Bond funds. BNDP is passively managed, while WABF is actively managed. Their correlation of 0.93 suggests significant overlap in exposure. BNDP charges 0.05%/yr vs 0.35%/yr for WABF.
Performance
BNDP vs. WABF - Performance Comparison
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Returns By Period
In the year-to-date period, BNDP achieves a 0.34% return, which is significantly higher than WABF's 0.16% return.
BNDP
- 1D
- -0.08%
- 1M
- 0.41%
- YTD
- 0.34%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WABF
- 1D
- -0.15%
- 1M
- 0.23%
- YTD
- 0.16%
- 6M
- 0.09%
- 1Y
- 5.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNDP vs. WABF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BNDP Vanguard Core-Plus Bond Index ETF | 0.34% | 0.10% |
WABF Western Asset Bond ETF | 0.16% | 0.12% |
Correlation
The correlation between BNDP and WABF is 0.93, 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 | 0.93 |
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Return for Risk
BNDP vs. WABF — Risk / Return Rank
BNDP
WABF
BNDP vs. WABF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond Index ETF (BNDP) and Western Asset Bond ETF (WABF). 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.
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Sharpe Ratios by Period
| BNDP | WABF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 1.00 | -0.75 |
Drawdowns
BNDP vs. WABF - Drawdown Comparison
The maximum BNDP drawdown since its inception was -2.60%, smaller than the maximum WABF drawdown of -5.36%. Use the drawdown chart below to compare losses from any high point for BNDP and WABF.
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Drawdown Indicators
| BNDP | WABF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.60% | -5.36% | +2.76% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.03% | — |
Current DrawdownCurrent decline from peak | -1.31% | -1.65% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -0.86% | -1.51% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.98% | — |
Volatility
BNDP vs. WABF - Volatility Comparison
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Volatility by Period
| BNDP | WABF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.09% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.47% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.63% | 3.84% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.63% | 6.02% | -2.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.63% | 6.02% | -2.39% |
BNDP vs. WABF - Expense Ratio Comparison
BNDP has a 0.05% expense ratio, which is lower than WABF's 0.35% expense ratio.
Dividends
BNDP vs. WABF - Dividend Comparison
BNDP's dividend yield for the trailing twelve months is around 2.08%, less than WABF's 5.14% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BNDP Vanguard Core-Plus Bond Index ETF | 2.08% | 0.24% | 0.00% | 0.00% |
WABF Western Asset Bond ETF | 5.14% | 5.67% | 6.25% | 1.46% |
Frequently Asked Questions
With a correlation of 0.93, BNDP and WABF 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.
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.
BNDP is cheaper with a 0.05% expense ratio, compared with 0.35% for WABF.
WABF has the higher dividend yield at 5.14%, compared with 2.08% for BNDP.
They also come from different issuers: Vanguard and Franklin Templeton. Their fees differ too: 0.05% for BNDP and 0.35% for WABF.
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