BNDY vs. FCBD
BNDY (Horizon Core Bond ETF) and FCBD (Frontier Asset Core Bond ETF) are both Intermediate Core Bond funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. BNDY charges 0.66%/yr vs 0.90%/yr for FCBD.
Performance
BNDY vs. FCBD - Performance Comparison
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Returns By Period
In the year-to-date period, BNDY achieves a 0.87% return, which is significantly higher than FCBD's 0.26% return.
BNDY
- 1D
- -0.21%
- 1M
- 0.53%
- YTD
- 0.87%
- 6M
- 1.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCBD
- 1D
- -0.12%
- 1M
- 0.08%
- YTD
- 0.26%
- 6M
- 0.38%
- 1Y
- 4.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNDY vs. FCBD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BNDY Horizon Core Bond ETF | 0.87% | 5.34% |
FCBD Frontier Asset Core Bond ETF | 0.26% | 2.93% |
Correlation
The correlation between BNDY and FCBD is 0.82, 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 Jul 7, 2025 | 0.82 |
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Return for Risk
BNDY vs. FCBD — Risk / Return Rank
BNDY
FCBD
BNDY vs. FCBD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Core Bond ETF (BNDY) and Frontier Asset Core Bond ETF (FCBD). 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
| BNDY | FCBD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.37 | 1.76 | -0.39 |
Drawdowns
BNDY vs. FCBD - Drawdown Comparison
The maximum BNDY drawdown since its inception was -3.93%, which is greater than FCBD's maximum drawdown of -1.64%. Use the drawdown chart below to compare losses from any high point for BNDY and FCBD.
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Drawdown Indicators
| BNDY | FCBD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.93% | -1.64% | -2.29% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.64% | — |
Current DrawdownCurrent decline from peak | -1.16% | -0.94% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -0.62% | -0.35% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.54% | — |
Volatility
BNDY vs. FCBD - Volatility Comparison
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Volatility by Period
| BNDY | FCBD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.86% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.72% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.01% | 2.35% | +2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.01% | 2.60% | +2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.01% | 2.60% | +2.41% |
BNDY vs. FCBD - Expense Ratio Comparison
BNDY has a 0.66% expense ratio, which is lower than FCBD's 0.90% expense ratio.
Dividends
BNDY vs. FCBD - Dividend Comparison
BNDY's dividend yield for the trailing twelve months is around 4.83%, more than FCBD's 4.23% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BNDY Horizon Core Bond ETF | 4.83% | 1.89% | 0.00% |
FCBD Frontier Asset Core Bond ETF | 4.23% | 4.34% | 0.08% |
Frequently Asked Questions
BNDY and FCBD have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BNDY is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BNDY is cheaper with a 0.66% expense ratio, compared with 0.90% for FCBD.
BNDY has the higher dividend yield at 4.83%, compared with 4.23% for FCBD.
They also come from different issuers: Horizon and Frontier. Their fees differ too: 0.66% for BNDY and 0.90% for FCBD.
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