KORP vs. BND
KORP (American Century Diversified Corporate Bond ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - KORP is a Corporate Bonds fund actively managed by American Century, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. KORP is actively managed, while BND is passively managed. Over the past 5 years, KORP returned 1.29%/yr vs -0.42%/yr for BND. Their correlation of 0.85 means they have usually moved in the same direction. KORP charges 0.29%/yr vs 0.03%/yr for BND.
Performance
KORP vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, KORP achieves a -0.47% return, which is significantly higher than BND's -0.54% return.
KORP
- 1D
- -0.13%
- 1M
- -1.73%
- 6M
- -0.90%
- YTD
- -0.47%
- 1Y
- 2.17%
- 3Y*
- 5.42%
- 5Y*
- 1.29%
- 10Y*
- —
- ALL TIME*
- 2.63%
BND
- 1D
- -0.26%
- 1M
- -1.20%
- 6M
- -0.75%
- YTD
- -0.54%
- 1Y
- 1.75%
- 3Y*
- 3.92%
- 5Y*
- -0.42%
- 10Y*
- 1.36%
- ALL TIME*
- 2.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $451.00M | $507.49M | $592.68M | |
| $4.70M | $4.70M | $4.63M |
KORP vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
KORP American Century Diversified Corporate Bond ETF | -0.47% | 8.14% | 3.82% | 7.40% | -10.04% | -0.55% | 6.99% | 10.08% | -1.32% |
BND Vanguard Total Bond Market ETF | -0.54% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | 0.55% |
Correlation
The correlation between KORP and BND is 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2018 | 0.85 |
The correlation between KORP and BND shifts across timeframes, from 0.85 (all time) to 0.95 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
KORP vs. BND — Risk / Return Rank
KORP
BND
KORP vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Diversified Corporate Bond ETF (KORP) and Vanguard Total Bond Market ETF (BND). 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.
| KORP | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.12 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 0.99 | -0.07 |
| Martin ratioReturn relative to average drawdown | 2.74 | 2.48 | +0.26 |
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Drawdowns
KORP vs. BND - Drawdown Comparison
The maximum KORP drawdown since its inception was -14.90%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for KORP and BND.
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Drawdown Indicators
| KORP | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.90% | -18.58% | +3.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -2.68% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -5.04% | -4.81% | -0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -14.82% | -17.91% | +3.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -2.21% | -3.15% | +0.94% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -3.06% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 1.07% | +0.01% |
Volatility
KORP vs. BND - Volatility Comparison
American Century Diversified Corporate Bond ETF (KORP) has a higher volatility of 1.10% compared to Vanguard Total Bond Market ETF (BND) at 0.98%. This indicates that KORP's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KORP | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 0.98% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.43% | 2.90% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.28% | 3.70% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.39% | 6.03% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 5.53% | -0.63% |
KORP vs. BND - Expense Ratio Comparison
KORP has a 0.29% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
KORP vs. BND - Dividend Comparison
KORP's dividend yield for the trailing twelve months is around 5.20%, more than BND's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.69% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
KORP American Century Diversified Corporate Bond ETF | 4.74% | 4.98% | 5.08% | 4.42% | 2.89% | 1.86% | 3.22% | 3.20% | 2.97% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, KORP and BND 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.
KORP has higher volatility (1.10%) compared to BND (0.98%). In terms of maximum drawdown, KORP dropped -14.90% vs BND's -18.58%.
On 5-year performance, KORP leads with 1.29% vs -0.42% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 0.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, KORP has performed better with a 1.29% return vs -0.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.29% for KORP.
KORP has the higher dividend yield at 4.74%, compared with 3.69% for BND.
KORP is categorized as Corporate Bonds, while BND is Total Bond Market. They also come from different issuers: American Century and Vanguard. Their fees differ too: 0.29% for KORP and 0.03% for BND.
BND currently has the higher Sharpe Ratio (0.72 vs 0.69), 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.
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