BNDS vs. IUSB
BNDS (Infrastructure Capital Bond Income ETF) and IUSB (iShares Core Universal USD Bond ETF) are both Intermediate Core-Plus Bond funds. BNDS is actively managed, while IUSB is passively managed. Over the past year, BNDS returned 11.53% vs 4.82% for IUSB. At a 0.49 correlation, their price movements are largely independent. BNDS charges 0.81%/yr vs 0.06%/yr for IUSB.
Performance
BNDS vs. IUSB - Performance Comparison
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Returns By Period
In the year-to-date period, BNDS achieves a 4.80% return, which is significantly higher than IUSB's 0.54% return.
BNDS
- 1D
- -0.03%
- 1M
- 0.70%
- YTD
- 4.80%
- 6M
- 4.89%
- 1Y
- 11.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IUSB
- 1D
- -0.28%
- 1M
- 0.57%
- YTD
- 0.54%
- 6M
- 0.62%
- 1Y
- 4.82%
- 3Y*
- 4.47%
- 5Y*
- 0.40%
- 10Y*
- 1.89%
BNDS vs. IUSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BNDS Infrastructure Capital Bond Income ETF | 4.80% | 8.45% |
IUSB iShares Core Universal USD Bond ETF | 0.54% | 8.46% |
Correlation
The correlation between BNDS and IUSB is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025 | 0.49 |
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Return for Risk
BNDS vs. IUSB — Risk / Return Rank
BNDS
IUSB
BNDS vs. IUSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Infrastructure Capital Bond Income ETF (BNDS) and iShares Core Universal USD Bond ETF (IUSB). 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 | IUSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.97 | ||
| Sortino ratioReturn per unit of downside risk | +2.85 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.24 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 1.92 | +1.44 |
| Martin ratioReturn relative to average drawdown | 15.48 | 5.54 | +9.95 |
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Drawdowns
BNDS vs. IUSB - Drawdown Comparison
The maximum BNDS drawdown since its inception was -6.96%, smaller than the maximum IUSB drawdown of -17.90%. Use the drawdown chart below to compare losses from any high point for BNDS and IUSB.
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Drawdown Indicators
| BNDS | IUSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.96% | -17.90% | +10.94% |
Max Drawdown (1Y)Largest decline over 1 year | -3.45% | -2.53% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.82% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.90% | — |
Current DrawdownCurrent decline from peak | -0.09% | -1.22% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -0.79% | -3.58% | +2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 0.87% | -0.12% |
Volatility
BNDS vs. IUSB - Volatility Comparison
The current volatility for Infrastructure Capital Bond Income ETF (BNDS) is 0.74%, while iShares Core Universal USD Bond ETF (IUSB) has a volatility of 1.08%. This indicates that BNDS experiences smaller price fluctuations and is considered to be less risky than IUSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNDS | IUSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.08% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 2.73% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 3.59% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.21% | 5.80% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.21% | 5.05% | +0.16% |
BNDS vs. IUSB - Expense Ratio Comparison
BNDS has a 0.81% expense ratio, which is higher than IUSB's 0.06% expense ratio.
Dividends
BNDS vs. IUSB - Dividend Comparison
BNDS's dividend yield for the trailing twelve months is around 7.93%, more than IUSB's 4.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDS Infrastructure Capital Bond Income ETF | 7.93% | 7.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUSB iShares Core Universal USD Bond ETF | 4.23% | 4.17% | 4.04% | 3.46% | 2.53% | 1.74% | 2.68% | 3.04% | 2.98% | 2.56% | 2.60% | 1.95% |
Frequently Asked Questions
BNDS and IUSB have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IUSB has higher volatility (1.08%) compared to BNDS (0.74%). In terms of maximum drawdown, BNDS dropped -6.96% vs IUSB's -17.90%.
On 1-year performance, BNDS leads with 11.53% vs 4.82% for IUSB. On fees, IUSB is cheaper at 0.06% per year. On volatility, BNDS has been the lower-risk option at 0.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BNDS has performed better with a 11.53% return vs 4.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IUSB is cheaper with a 0.06% expense ratio, compared with 0.81% for BNDS.
BNDS has the higher dividend yield at 7.93%, compared with 4.23% for IUSB.
They also come from different issuers: InfraCap and iShares. Their fees differ too: 0.81% for BNDS and 0.06% for IUSB.
BNDS currently has the higher Sharpe Ratio (3.32 vs 1.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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