BYLD vs. BNDP
BYLD (iShares Yield Optimized Bond ETF) and BNDP (Vanguard Core-Plus Bond Index ETF) are both Intermediate Core-Plus Bond funds - BYLD tracks the Morningstar U.S. Bond Market Yield-Optimized Index while BNDP tracks the Bloomberg U.S. Universal Float Adjusted Index. Both are passively managed. Their correlation of 0.86 suggests significant overlap in exposure. BYLD charges 0.17%/yr vs 0.05%/yr for BNDP.
Performance
BYLD vs. BNDP - Performance Comparison
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Returns By Period
In the year-to-date period, BYLD achieves a 1.50% return, which is significantly higher than BNDP's 0.52% return.
BYLD
- 1D
- 0.04%
- 1M
- 0.88%
- YTD
- 1.50%
- 6M
- 1.48%
- 1Y
- 6.22%
- 3Y*
- 6.54%
- 5Y*
- 2.21%
- 10Y*
- 2.97%
BNDP
- 1D
- 0.10%
- 1M
- 0.84%
- YTD
- 0.52%
- 6M
- 0.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BYLD vs. BNDP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BYLD iShares Yield Optimized Bond ETF | 1.50% | 0.11% |
BNDP Vanguard Core-Plus Bond Index ETF | 0.52% | 0.08% |
Correlation
The correlation between BYLD and BNDP is 0.86, 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 | 0.86 |
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Return for Risk
BYLD vs. BNDP — Risk / Return Rank
BYLD
BNDP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BYLD vs. BNDP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Yield Optimized Bond ETF (BYLD) 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.
| BYLD | BNDP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | — | — |
| Martin ratioReturn relative to average drawdown | 9.29 | — | — |
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Drawdowns
BYLD vs. BNDP - Drawdown Comparison
The maximum BYLD drawdown since its inception was -14.75%, which is greater than BNDP's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for BYLD and BNDP.
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Drawdown Indicators
| BYLD | BNDP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.75% | -2.60% | -12.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.94% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.75% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | -1.13% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -2.50% | -0.89% | -1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | — | — |
Volatility
BYLD vs. BNDP - Volatility Comparison
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Volatility by Period
| BYLD | BNDP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 3.70% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.21% | 3.70% | +1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.43% | 3.70% | +1.73% |
BYLD vs. BNDP - Expense Ratio Comparison
BYLD has a 0.17% expense ratio, which is higher than BNDP's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BYLD vs. BNDP - Dividend Comparison
BYLD's dividend yield for the trailing twelve months is around 5.35%, more than BNDP's 2.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDP Vanguard Core-Plus Bond Index ETF | 2.07% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BYLD iShares Yield Optimized Bond ETF | 5.35% | 5.32% | 5.31% | 4.45% | 3.39% | 2.18% | 3.41% | 3.67% | 4.22% | 3.22% | 3.14% | 3.37% |
Frequently Asked Questions
BYLD and BNDP have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.17% for BYLD.
BYLD has the higher dividend yield at 5.35%, compared with 2.07% for BNDP.
BYLD tracks Morningstar U.S. Bond Market Yield-Optimized Index, while BNDP tracks Bloomberg U.S. Universal Float Adjusted Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.17% for BYLD and 0.05% for BNDP.
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