FTRB vs. BNDP

Last updated Jun 23, 2026

FTRB (Federated Hermes Total Return Bond ETF) and BNDP (Vanguard Core-Plus Bond Index ETF) are both Intermediate Core-Plus Bond funds. FTRB is actively managed, while BNDP is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. FTRB charges 0.39%/yr vs 0.05%/yr for BNDP.

Performance

FTRB vs. BNDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Total Return Bond ETF (FTRB) and Vanguard Core-Plus Bond Index ETF (BNDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTRB achieves a 0.31% return, which is significantly lower than BNDP's 0.42% return.

FTRB

• 1D: -0.18%
• 1M: 0.67%
• YTD: 0.31%
• 6M: 0.47%
• 1Y: 5.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNDP

• 1D: -0.25%
• 1M: 0.73%
• YTD: 0.42%
• 6M: 0.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTRB vs. BNDP - Yearly Performance Comparison

	2026 (YTD)	2025
FTRB Federated Hermes Total Return Bond ETF	0.31%	-0.12%
BNDP Vanguard Core-Plus Bond Index ETF	0.42%	0.08%

Correlation

The correlation between FTRB and BNDP is 0.91, 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	0.91

Return for Risk

FTRB vs. BNDP — Risk / Return Rank

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

FTRB

FTRB Risk / Return Rank: 39
FTRB Sharpe Ratio Rank: 41
FTRB Sortino Ratio Rank: 41
FTRB Omega Ratio Rank: 40
FTRB Calmar Ratio Rank: 36
FTRB Martin Ratio Rank: 36

BNDP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

FTRB vs. BNDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Total Return Bond ETF (FTRB) 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.

	FTRB	BNDP	Difference
Sharpe ratio: Return per unit of total volatility	1.40	—	—
Sortino ratio: Return per unit of downside risk	2.06	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	1.79	—	—
Martin ratio: Return relative to average drawdown	5.30	—	—

Drawdowns

FTRB vs. BNDP - Drawdown Comparison

The maximum FTRB drawdown since its inception was -4.83%, which is greater than BNDP's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for FTRB and BNDP.

Drawdown Indicators

	FTRB	BNDP	Difference
Max Drawdown Largest peak-to-trough decline	-4.83%	-2.60%	-2.23%
Max Drawdown (1Y) Largest decline over 1 year	-2.80%	—	—
Current Drawdown Current decline from peak	-1.35%	-1.23%	-0.12%
Average Drawdown Average peak-to-trough decline	-1.29%	-0.89%	-0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	—	—

Volatility

Volatility by Period

	FTRB	BNDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.58%	3.71%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.54%	3.71%	+0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.54%	3.71%	+0.83%

FTRB vs. BNDP - Expense Ratio Comparison

FTRB has a 0.39% expense ratio, which is higher than BNDP's 0.05% expense ratio.

Dividends

FTRB vs. BNDP - Dividend Comparison

FTRB's dividend yield for the trailing twelve months is around 4.29%, more than BNDP's 2.08% yield.

Position	TTM	2025	2024
BNDP Vanguard Core-Plus Bond Index ETF	2.08%	0.24%	0.00%
FTRB Federated Hermes Total Return Bond ETF	4.29%	4.46%	4.40%

Frequently Asked Questions

Can I hold both FTRB and BNDP in my portfolio?

With a correlation of 0.91, FTRB and BNDP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, FTRB or BNDP?

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.

Which ETF is cheaper, FTRB or BNDP?

BNDP is cheaper with a 0.05% expense ratio, compared with 0.39% for FTRB.

Which ETF pays a higher dividend yield, FTRB or BNDP?

FTRB has the higher dividend yield at 4.29%, compared with 2.08% for BNDP.

What is the main difference between FTRB and BNDP?

They also come from different issuers: Federated and Vanguard. Their fees differ too: 0.39% for FTRB and 0.05% for BNDP.