FCBD vs. VTG

Last updated Apr 17, 2026

FCBD (Frontier Asset Core Bond ETF) and VTG (Vanguard Total Treasury ETF) are both Intermediate Core Bond funds. FCBD is actively managed, while VTG is passively managed. Their correlation of 0.93 suggests significant overlap in exposure. FCBD charges 0.90%/yr vs 0.03%/yr for VTG.

Performance

FCBD vs. VTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Frontier Asset Core Bond ETF (FCBD) and Vanguard Total Treasury ETF (VTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCBD achieves a 0.44% return, which is significantly higher than VTG's 0.32% return.

FCBD

• 1D: -0.12%
• 1M: 0.03%
• YTD: 0.44%
• 6M: 0.87%
• 1Y: 4.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VTG

• 1D: -0.14%
• 1M: -0.26%
• YTD: 0.32%
• 6M: -0.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FCBD vs. VTG - Yearly Performance Comparison

	2026 (YTD)	2025
FCBD Frontier Asset Core Bond ETF	0.44%	2.92%
VTG Vanguard Total Treasury ETF	0.32%	2.88%

Correlation

The correlation between FCBD and VTG is 0.93, 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 10, 2025	0.93

Return for Risk

FCBD vs. VTG — Risk / Return Rank

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

FCBD

FCBD Risk / Return Rank: 56
FCBD Sharpe Ratio Rank: 52
FCBD Sortino Ratio Rank: 60
FCBD Omega Ratio Rank: 53
FCBD Calmar Ratio Rank: 56
FCBD Martin Ratio Rank: 57

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.

FCBD vs. VTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Frontier Asset Core Bond ETF (FCBD) and Vanguard Total Treasury ETF (VTG). 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.

	FCBD	VTG	Difference
Sharpe ratio Return per unit of total volatility	2.13	—	—
Sortino ratio Return per unit of downside risk	3.24	—	—
Omega ratio Gain probability vs. loss probability	1.39	—	—
Calmar ratio Return relative to maximum drawdown	3.29	—	—
Martin ratio Return relative to average drawdown	12.13	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FCBD	VTG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.02	1.20	+0.82

Drawdowns

FCBD vs. VTG - Drawdown Comparison

The maximum FCBD drawdown since its inception was -1.63%, smaller than the maximum VTG drawdown of -2.35%. Use the drawdown chart below to compare losses from any high point for FCBD and VTG.

Drawdown Indicators

	FCBD	VTG	Difference
Max Drawdown Largest peak-to-trough decline	-1.63%	-2.35%	+0.72%
Max Drawdown (1Y) Largest decline over 1 year	-1.63%	—	—
Current Drawdown Current decline from peak	-0.76%	-1.48%	+0.72%
Average Drawdown Average peak-to-trough decline	-0.29%	-0.54%	+0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.44%	—	—

Volatility

Volatility by Period

	FCBD	VTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.57%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.36%	3.51%	-1.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.58%	3.51%	-0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.58%	3.51%	-0.93%

FCBD vs. VTG - Expense Ratio Comparison

FCBD has a 0.90% expense ratio, which is higher than VTG's 0.03% expense ratio.

Dividends

FCBD vs. VTG - Dividend Comparison

FCBD's dividend yield for the trailing twelve months is around 4.22%, more than VTG's 2.60% yield.

	TTM	2025	2024
FCBD Frontier Asset Core Bond ETF	4.22%	4.34%	0.08%
VTG Vanguard Total Treasury ETF	2.60%	1.65%	0.00%