FTRB vs. KDRN

Last updated Aug 2, 2026

FTRB (Federated Hermes Total Return Bond ETF) and KDRN (Kingsbarn Tactical Bond ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past year, FTRB returned 2.46% vs 2.32% for KDRN. Their 0.73 correlation means they have sometimes moved together and sometimes differently. FTRB charges 0.39%/yr vs 1.09%/yr for KDRN.

Performance

FTRB vs. KDRN - Performance Comparison

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

Returns By Period

In the year-to-date period, FTRB achieves a -0.51% return, which is significantly lower than KDRN's 0.78% return.

FTRB

• 1D: -0.08%
• 1M: -1.04%
• 6M: -0.65%
• YTD: -0.51%
• 1Y: 2.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.73%

KDRN

• 1D: -0.09%
• 1M: -0.60%
• 6M: 0.35%
• YTD: 0.78%
• 1Y: 2.32%
• 3Y*: 3.11%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 0.74%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FTRB Federated Hermes Total Return Bond ETF	$3.86M	$3.02M	$2.96M
KDRN Kingsbarn Tactical Bond ETF	$651.27	$411.35	$499.24

FTRB vs. KDRN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FTRB Federated Hermes Total Return Bond ETF	-0.51%	7.60%	2.62%
KDRN Kingsbarn Tactical Bond ETF	0.78%	4.65%	1.70%

Correlation

The correlation between FTRB and KDRN is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024	0.73

The correlation between FTRB and KDRN has been stable across timeframes, ranging from 0.73 to 0.74 - a consistent structural relationship.

Return for Risk

FTRB vs. KDRN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FTRB

FTRB Risk / Return Rank: 34
FTRB Sharpe Ratio Rank: 36
FTRB Sortino Ratio Rank: 35
FTRB Omega Ratio Rank: 34
FTRB Calmar Ratio Rank: 33
FTRB Martin Ratio Rank: 32

KDRN

KDRN Risk / Return Rank: 29
KDRN Sharpe Ratio Rank: 29
KDRN Sortino Ratio Rank: 27
KDRN Omega Ratio Rank: 27
KDRN Calmar Ratio Rank: 37
KDRN Martin Ratio Rank: 28

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FTRB vs. KDRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Total Return Bond ETF (FTRB) and Kingsbarn Tactical Bond ETF (KDRN). 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	KDRN	Difference
Sharpe ratio: Return per unit of total volatility	0.91	0.68	+0.23
Sortino ratio: Return per unit of downside risk	1.32	1.01	+0.31
Omega ratio: Gain probability vs. loss probability	1.16	1.12	+0.04
Calmar ratio: Return relative to maximum drawdown	1.14	1.30	-0.16
Martin ratio: Return relative to average drawdown	2.96	2.40	+0.56

FTRB vs. KDRN - Sharpe Ratio Comparison

The current FTRB Sharpe Ratio is 0.91, which is higher than the KDRN Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of FTRB and KDRN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FTRB vs. KDRN - Drawdown Comparison

The maximum FTRB drawdown since its inception was -4.83%, smaller than the maximum KDRN drawdown of -15.29%. Use the drawdown chart below to compare losses from any high point for FTRB and KDRN.

Drawdown Indicators

	FTRB	KDRN	Difference
Max Drawdown Largest peak-to-trough decline	-4.83%	-15.29%	+10.46%
Max Drawdown (1Y) Largest decline over 1 year	-2.80%	-1.77%	-1.03%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.63%	—
Current Drawdown Current decline from peak	-2.15%	-1.24%	-0.91%
Average Drawdown Average peak-to-trough decline	-1.30%	-4.63%	+3.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	0.95%	+0.13%

Volatility

FTRB vs. KDRN - Volatility Comparison

Federated Hermes Total Return Bond ETF (FTRB) has a higher volatility of 0.86% compared to Kingsbarn Tactical Bond ETF (KDRN) at 0.55%. This indicates that FTRB's price experiences larger fluctuations and is considered to be riskier than KDRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTRB	KDRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.86%	0.55%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	2.78%	1.83%	+0.95%
Volatility (1Y) Calculated over the trailing 1-year period	3.52%	3.38%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.49%	6.50%	-2.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.49%	6.50%	-2.01%

FTRB vs. KDRN - Expense Ratio Comparison

FTRB has a 0.39% expense ratio, which is lower than KDRN's 1.09% expense ratio.

Dividends

FTRB vs. KDRN - Dividend Comparison

FTRB's dividend yield for the trailing twelve months is around 4.40%, more than KDRN's 3.35% yield.

Position	TTM	2025	2024	2023	2022
FTRB Federated Hermes Total Return Bond ETF	4.40%	4.46%	4.40%	0.00%	0.00%
KDRN Kingsbarn Tactical Bond ETF	3.35%	2.54%	2.83%	2.84%	2.11%

Frequently Asked Questions

Can I hold both FTRB and KDRN in my portfolio?

FTRB and KDRN have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTRB or KDRN?

FTRB has higher volatility (0.86%) compared to KDRN (0.55%). In terms of maximum drawdown, FTRB dropped -4.83% vs KDRN's -15.29%.

Which ETF is better, FTRB or KDRN?

On 1-year performance, FTRB leads with 2.46% vs 2.32% for KDRN. On fees, FTRB is cheaper at 0.39% per year. On volatility, KDRN has been the lower-risk option at 0.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTRB or KDRN?

Over the 1-year period, FTRB has performed better with a 2.46% return vs 2.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTRB or KDRN?

FTRB is cheaper with a 0.39% expense ratio, compared with 1.09% for KDRN.

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

FTRB has the higher dividend yield at 4.40%, compared with 3.35% for KDRN.

What is the main difference between FTRB and KDRN?

They also come from different issuers: Federated and Kingsbarn. Their fees differ too: 0.39% for FTRB and 1.09% for KDRN.

Which has better risk-adjusted returns?

FTRB currently has the higher Sharpe Ratio (0.91 vs 0.68), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.