BNDS vs. BNDP

Last updated Jun 23, 2026

BNDS (Infrastructure Capital Bond Income ETF) and BNDP (Vanguard Core-Plus Bond Index ETF) are both Intermediate Core-Plus Bond funds. BNDS is actively managed, while BNDP is passively managed. A 0.53 correlation means they provide meaningful diversification when combined. BNDS charges 0.81%/yr vs 0.05%/yr for BNDP.

Performance

BNDS vs. BNDP - Performance Comparison

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

Returns By Period

In the year-to-date period, BNDS achieves a 4.80% return, which is significantly higher than BNDP's 0.42% return.

BNDS

• 1D: -0.03%
• 1M: 0.70%
• YTD: 4.80%
• 6M: 4.89%
• 1Y: 11.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNDP

• 1D: -0.25%
• 1M: 0.73%
• YTD: 0.42%
• 6M: 0.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BNDS vs. BNDP - Yearly Performance Comparison

	2026 (YTD)	2025
BNDS Infrastructure Capital Bond Income ETF	4.80%	0.09%
BNDP Vanguard Core-Plus Bond Index ETF	0.42%	0.08%

Correlation

The correlation between BNDS and BNDP is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.53

Return for Risk

BNDS vs. BNDP — Risk / Return Rank

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

BNDS

BNDS Risk / Return Rank: 87
BNDS Sharpe Ratio Rank: 94
BNDS Sortino Ratio Rank: 95
BNDS Omega Ratio Rank: 95
BNDS Calmar Ratio Rank: 69
BNDS Martin Ratio Rank: 81

BNDP

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

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.

BNDS vs. BNDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Infrastructure Capital Bond Income ETF (BNDS) and Vanguard Core-Plus Bond Index ETF (BNDP). 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.

	BNDS	BNDP	Difference
Sharpe ratio: Return per unit of total volatility	3.32	—	—
Sortino ratio: Return per unit of downside risk	4.87	—	—
Omega ratio: Gain probability vs. loss probability	1.70	—	—
Calmar ratio: Return relative to maximum drawdown	3.36	—	—
Martin ratio: Return relative to average drawdown	15.48	—	—

Drawdowns

BNDS vs. BNDP - Drawdown Comparison

The maximum BNDS drawdown since its inception was -6.96%, which is greater than BNDP's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for BNDS and BNDP.

Drawdown Indicators

	BNDS	BNDP	Difference
Max Drawdown Largest peak-to-trough decline	-6.96%	-2.60%	-4.36%
Max Drawdown (1Y) Largest decline over 1 year	-3.45%	—	—
Current Drawdown Current decline from peak	-0.09%	-1.23%	+1.14%
Average Drawdown Average peak-to-trough decline	-0.79%	-0.89%	+0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.75%	—	—

Volatility

Volatility by Period

	BNDS	BNDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.50%	3.71%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.21%	3.71%	+1.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.21%	3.71%	+1.50%

BNDS vs. BNDP - Expense Ratio Comparison

BNDS has a 0.81% expense ratio, which is higher than BNDP's 0.05% expense ratio.

Dividends

BNDS vs. BNDP - Dividend Comparison

BNDS's dividend yield for the trailing twelve months is around 7.93%, more than BNDP's 2.08% yield.

Position	TTM	2025
BNDP Vanguard Core-Plus Bond Index ETF	2.08%	0.24%
BNDS Infrastructure Capital Bond Income ETF	7.93%	7.98%

Frequently Asked Questions

Can I hold both BNDS and BNDP in my portfolio?

BNDS and BNDP have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BNDS or BNDP?

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, BNDS or BNDP?

BNDP is cheaper with a 0.05% expense ratio, compared with 0.81% for BNDS.

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

BNDS has the higher dividend yield at 7.93%, compared with 2.08% for BNDP.

What is the main difference between BNDS and BNDP?

They also come from different issuers: InfraCap and Vanguard. Their fees differ too: 0.81% for BNDS and 0.05% for BNDP.