NCPB vs. BNDS

Last updated Apr 2, 2026

Compare and contrast key facts about Nuveen Core Plus Bond ETF (NCPB) and Infrastructure Capital Bond Income ETF (BNDS).

NCPB and BNDS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NCPB is an actively managed fund by Nuveen. It was launched on Mar 5, 2024. BNDS is an actively managed fund by InfraCap. It was launched on Jan 15, 2025.

Performance

NCPB vs. BNDS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Core Plus Bond ETF (NCPB) and Infrastructure Capital Bond Income ETF (BNDS). The values are adjusted to include any dividend payments, if applicable.

NCPB vs. BNDS - Yearly Performance Comparison

	2026 (YTD)	2025
NCPB Nuveen Core Plus Bond ETF	-0.18%	7.94%
BNDS Infrastructure Capital Bond Income ETF	0.89%	8.30%

Returns By Period

In the year-to-date period, NCPB achieves a -0.18% return, which is significantly lower than BNDS's 0.89% return.

NCPB

• 1D: 0.01%
• 1M: -1.65%
• YTD: -0.18%
• 6M: 1.04%
• 1Y: 4.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNDS

• 1D: 0.13%
• 1M: -1.80%
• YTD: 0.89%
• 6M: 1.58%
• 1Y: 9.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NCPB vs. BNDS - Expense Ratio Comparison

NCPB has a 0.30% expense ratio, which is lower than BNDS's 0.81% expense ratio.

BNDS

Infrastructure Capital Bond Income ETF

NCPB

Nuveen Core Plus Bond ETF

Return for Risk

NCPB vs. BNDS — Risk / Return Rank

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

NCPB

NCPB Risk / Return Rank: 54
NCPB Sharpe Ratio Rank: 59
NCPB Sortino Ratio Rank: 55
NCPB Omega Ratio Rank: 52
NCPB Calmar Ratio Rank: 57
NCPB Martin Ratio Rank: 49

BNDS

BNDS Risk / Return Rank: 74
BNDS Sharpe Ratio Rank: 80
BNDS Sortino Ratio Rank: 79
BNDS Omega Ratio Rank: 88
BNDS Calmar Ratio Rank: 59
BNDS Martin Ratio Rank: 64

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.

NCPB vs. BNDS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Core Plus Bond ETF (NCPB) and Infrastructure Capital Bond Income ETF (BNDS). 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.

	NCPB	BNDS	Difference
Sharpe ratio Return per unit of total volatility	1.11	1.62	-0.51
Sortino ratio Return per unit of downside risk	1.53	2.16	-0.63
Omega ratio Gain probability vs. loss probability	1.21	1.38	-0.17
Calmar ratio Return relative to maximum drawdown	1.66	1.74	-0.08
Martin ratio Return relative to average drawdown	5.51	7.46	-1.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NCPB vs. BNDS - Sharpe Ratio Comparison

The current NCPB Sharpe Ratio is 1.11, which is lower than the BNDS Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of NCPB and BNDS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NCPB	BNDS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	1.62	-0.51
Sharpe Ratio (All Time) Calculated using the full available price history	1.22	1.40	-0.18

Correlation

The correlation between NCPB and BNDS is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

NCPB vs. BNDS - Dividend Comparison

NCPB's dividend yield for the trailing twelve months is around 5.20%, less than BNDS's 8.10% yield.

	TTM	2025	2024
NCPB Nuveen Core Plus Bond ETF	5.20%	5.21%	5.14%
BNDS Infrastructure Capital Bond Income ETF	8.10%	7.98%	0.00%

Drawdowns

NCPB vs. BNDS - Drawdown Comparison

The maximum NCPB drawdown since its inception was -3.59%, smaller than the maximum BNDS drawdown of -6.96%. Use the drawdown chart below to compare losses from any high point for NCPB and BNDS.

Drawdown Indicators

	NCPB	BNDS	Difference
Max Drawdown Largest peak-to-trough decline	-3.59%	-6.96%	+3.37%
Max Drawdown (1Y) Largest decline over 1 year	-2.88%	-5.44%	+2.56%
Current Drawdown Current decline from peak	-2.00%	-2.50%	+0.50%
Average Drawdown Average peak-to-trough decline	-0.88%	-0.89%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	1.27%	-0.40%

Volatility

NCPB vs. BNDS - Volatility Comparison

The current volatility for Nuveen Core Plus Bond ETF (NCPB) is 1.70%, while Infrastructure Capital Bond Income ETF (BNDS) has a volatility of 1.87%. This indicates that NCPB experiences smaller price fluctuations and is considered to be less risky than BNDS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NCPB	BNDS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.70%	1.87%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	2.39%	2.74%	-0.35%
Volatility (1Y) Calculated over the trailing 1-year period	4.17%	5.82%	-1.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.38%	5.48%	-1.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.38%	5.48%	-1.10%