BYLD vs. WCPB
BYLD (iShares Yield Optimized Bond ETF) and WCPB (Weitz Core Plus Bond ETF) are both Intermediate Core-Plus Bond funds. BYLD is passively managed, while WCPB is actively managed. A 0.79 correlation means they provide meaningful diversification when combined. BYLD charges 0.17%/yr vs 0.45%/yr for WCPB.
Performance
BYLD vs. WCPB - Performance Comparison
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Returns By Period
In the year-to-date period, BYLD achieves a 1.27% return, which is significantly lower than WCPB's 1.35% return.
BYLD
- 1D
- 0.00%
- 1M
- -0.01%
- 6M
- 0.85%
- YTD
- 1.27%
- 1Y
- 5.68%
- 3Y*
- 6.11%
- 5Y*
- 2.03%
- 10Y*
- 2.84%
WCPB
- 1D
- 0.04%
- 1M
- -0.07%
- 6M
- 0.80%
- YTD
- 1.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BYLD vs. WCPB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BYLD iShares Yield Optimized Bond ETF | 1.27% | 2.98% |
WCPB Weitz Core Plus Bond ETF | 1.35% | 3.01% |
Correlation
The correlation between BYLD and WCPB is 0.79, 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 Aug 13, 2025 | 0.79 |
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Return for Risk
BYLD vs. WCPB — Risk / Return Rank
BYLD
WCPB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BYLD vs. WCPB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Yield Optimized Bond ETF (BYLD) and Weitz Core Plus Bond ETF (WCPB). 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 | WCPB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | — | — |
| Martin ratioReturn relative to average drawdown | 8.43 | — | — |
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Drawdowns
BYLD vs. WCPB - Drawdown Comparison
The maximum BYLD drawdown since its inception was -14.75%, which is greater than WCPB's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for BYLD and WCPB.
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Drawdown Indicators
| BYLD | WCPB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.75% | -2.64% | -12.11% |
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 | -0.62% | -0.63% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -2.49% | -0.57% | -1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | — | — |
Volatility
BYLD vs. WCPB - Volatility Comparison
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Volatility by Period
| BYLD | WCPB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 3.85% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.20% | 3.85% | +1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.42% | 3.85% | +1.57% |
BYLD vs. WCPB - Expense Ratio Comparison
BYLD has a 0.17% expense ratio, which is lower than WCPB's 0.45% expense ratio.
Dividends
BYLD vs. WCPB - Dividend Comparison
BYLD's dividend yield for the trailing twelve months is around 5.38%, more than WCPB's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BYLD iShares Yield Optimized Bond ETF | 5.38% | 5.32% | 5.31% | 4.45% | 3.39% | 2.18% | 3.41% | 3.67% | 4.22% | 3.22% | 3.14% | 3.37% |
WCPB Weitz Core Plus Bond ETF | 3.58% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BYLD and WCPB have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BYLD is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BYLD is cheaper with a 0.17% expense ratio, compared with 0.45% for WCPB.
BYLD has the higher dividend yield at 5.38%, compared with 3.58% for WCPB.
They also come from different issuers: iShares and Weitz. Their fees differ too: 0.17% for BYLD and 0.45% for WCPB.
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