NUBF.TO vs. BND.TO
NUBF.TO (NBI Unconstrained Fixed Income ETF) and BND.TO (Purpose Global Bond Fund) are both Global Bonds funds. Both are actively managed. Over the past 5 years, NUBF.TO returned 1.42%/yr vs 3.21%/yr for BND.TO. At a 0.16 correlation, their price movements are largely independent.
Performance
NUBF.TO vs. BND.TO - Performance Comparison
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Returns By Period
In the year-to-date period, NUBF.TO achieves a 0.85% return, which is significantly lower than BND.TO's 1.55% return.
NUBF.TO
- 1D
- -0.28%
- 1M
- 0.90%
- YTD
- 0.85%
- 6M
- 0.79%
- 1Y
- 5.13%
- 3Y*
- 4.33%
- 5Y*
- 1.42%
- 10Y*
- —
BND.TO
- 1D
- 0.00%
- 1M
- 0.66%
- YTD
- 1.55%
- 6M
- 1.70%
- 1Y
- 5.66%
- 3Y*
- 7.48%
- 5Y*
- 3.21%
- 10Y*
- 3.04%
NUBF.TO vs. BND.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NUBF.TO NBI Unconstrained Fixed Income ETF | 0.85% | 6.66% | 1.49% | 5.75% | -6.23% | 0.36% | 6.24% | 0.86% |
BND.TO Purpose Global Bond Fund | 1.55% | 7.26% | 7.49% | 8.45% | -7.80% | 2.62% | 6.14% | 0.71% |
Correlation
The correlation between NUBF.TO and BND.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2019 | 0.16 |
The correlation between NUBF.TO and BND.TO shifts across timeframes, from 0.16 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NUBF.TO vs. BND.TO — Risk / Return Rank
NUBF.TO
BND.TO
NUBF.TO vs. BND.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NBI Unconstrained Fixed Income ETF (NUBF.TO) and Purpose Global Bond Fund (BND.TO). 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.
| NUBF.TO | BND.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.35 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.98 | -0.88 |
| Martin ratioReturn relative to average drawdown | 3.74 | 8.16 | -4.42 |
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Drawdowns
NUBF.TO vs. BND.TO - Drawdown Comparison
The maximum NUBF.TO drawdown since its inception was -16.37%, roughly equal to the maximum BND.TO drawdown of -16.55%. Use the drawdown chart below to compare losses from any high point for NUBF.TO and BND.TO.
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Drawdown Indicators
| NUBF.TO | BND.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.37% | -16.55% | +0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -4.66% | -2.87% | -1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -4.70% | -4.46% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -12.37% | -12.43% | +0.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.55% | — |
Current DrawdownCurrent decline from peak | -1.23% | -0.11% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -2.10% | -1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 0.70% | +0.67% |
Volatility
NUBF.TO vs. BND.TO - Volatility Comparison
NBI Unconstrained Fixed Income ETF (NUBF.TO) has a higher volatility of 1.54% compared to Purpose Global Bond Fund (BND.TO) at 1.20%. This indicates that NUBF.TO's price experiences larger fluctuations and is considered to be riskier than BND.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUBF.TO | BND.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 1.20% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 4.69% | 2.72% | +1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.87% | 3.13% | +2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.06% | 5.10% | +1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.29% | 5.15% | +6.14% |
Dividends
NUBF.TO vs. BND.TO - Dividend Comparison
NUBF.TO's dividend yield for the trailing twelve months is around 4.48%, less than BND.TO's 5.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND.TO Purpose Global Bond Fund | 5.82% | 5.70% | 5.24% | 5.20% | 4.14% | 3.67% | 3.48% | 3.11% | 3.96% | 3.47% | 3.26% | 0.53% |
NUBF.TO NBI Unconstrained Fixed Income ETF | 4.48% | 4.45% | 4.35% | 3.99% | 11.20% | 4.23% | 1.72% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NUBF.TO and BND.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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