SJCP vs. APCB

Last updated Aug 2, 2026

SJCP (SanJac Alpha Core Plus Bond ETF) and APCB (ActivePassive Core Bond ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past year, SJCP returned 3.77% vs 1.90% for APCB. Their 0.31 correlation means their historical movements had little consistent relationship. SJCP charges 0.65%/yr vs 0.36%/yr for APCB.

Performance

SJCP vs. APCB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SanJac Alpha Core Plus Bond ETF (SJCP) and ActivePassive Core Bond ETF (APCB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SJCP achieves a 1.12% return, which is significantly higher than APCB's -0.51% return.

SJCP

• 1D: 0.06%
• 1M: 0.20%
• 6M: 0.72%
• YTD: 1.12%
• 1Y: 3.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.80%

APCB

• 1D: -0.21%
• 1M: -1.30%
• 6M: -0.78%
• YTD: -0.51%
• 1Y: 1.90%
• 3Y*: 3.88%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.85%

*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)
APCB ActivePassive Core Bond ETF	$1.44M	$5.18M	$2.86M
SJCP SanJac Alpha Core Plus Bond ETF	$33.92K	$23.83K	$91.45K

SJCP vs. APCB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SJCP SanJac Alpha Core Plus Bond ETF	1.12%	6.27%	-0.16%
APCB ActivePassive Core Bond ETF	-0.51%	6.87%	-2.69%

Correlation

The correlation between SJCP and APCB is 0.29, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.29
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	0.31

Return for Risk

SJCP vs. APCB — Risk / Return Rank

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

SJCP

SJCP Risk / Return Rank: 70
SJCP Sharpe Ratio Rank: 72
SJCP Sortino Ratio Rank: 73
SJCP Omega Ratio Rank: 82
SJCP Calmar Ratio Rank: 57
SJCP Martin Ratio Rank: 65

APCB

APCB Risk / Return Rank: 30
APCB Sharpe Ratio Rank: 32
APCB Sortino Ratio Rank: 30
APCB Omega Ratio Rank: 29
APCB Calmar Ratio Rank: 31
APCB Martin Ratio Rank: 30

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.

SJCP vs. APCB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SanJac Alpha Core Plus Bond ETF (SJCP) and ActivePassive Core Bond ETF (APCB). 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.

	SJCP	APCB	Difference
Sharpe ratio: Return per unit of total volatility	1.65	0.78	+0.87
Sortino ratio: Return per unit of downside risk	2.39	1.13	+1.26
Omega ratio: Gain probability vs. loss probability	1.35	1.14	+0.21
Calmar ratio: Return relative to maximum drawdown	2.04	1.02	+1.02
Martin ratio: Return relative to average drawdown	8.01	2.58	+5.43

SJCP vs. APCB - Sharpe Ratio Comparison

The current SJCP Sharpe Ratio is 1.65, which is higher than the APCB Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of SJCP and APCB, 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

SJCP vs. APCB - Drawdown Comparison

The maximum SJCP drawdown since its inception was -2.01%, smaller than the maximum APCB drawdown of -6.42%. Use the drawdown chart below to compare losses from any high point for SJCP and APCB.

Drawdown Indicators

	SJCP	APCB	Difference
Max Drawdown Largest peak-to-trough decline	-2.01%	-6.42%	+4.41%
Max Drawdown (1Y) Largest decline over 1 year	-2.01%	-2.58%	+0.57%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.41%	—
Current Drawdown Current decline from peak	-0.20%	-2.20%	+2.00%
Average Drawdown Average peak-to-trough decline	-0.27%	-1.50%	+1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.51%	1.02%	-0.51%

Volatility

SJCP vs. APCB - Volatility Comparison

The current volatility for SanJac Alpha Core Plus Bond ETF (SJCP) is 0.55%, while ActivePassive Core Bond ETF (APCB) has a volatility of 0.93%. This indicates that SJCP experiences smaller price fluctuations and is considered to be less risky than APCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SJCP	APCB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.55%	0.93%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	1.96%	2.63%	-0.67%
Volatility (1Y) Calculated over the trailing 1-year period	2.49%	3.37%	-0.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.40%	4.78%	-2.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.40%	4.78%	-2.38%

SJCP vs. APCB - Expense Ratio Comparison

SJCP has a 0.65% expense ratio, which is higher than APCB's 0.36% expense ratio.

Dividends

SJCP vs. APCB - Dividend Comparison

SJCP's dividend yield for the trailing twelve months is around 3.79%, less than APCB's 4.41% yield.

Position	TTM	2025	2024	2023
APCB ActivePassive Core Bond ETF	4.05%	4.35%	4.74%	2.22%
SJCP SanJac Alpha Core Plus Bond ETF	3.79%	4.05%	1.40%	0.00%

Frequently Asked Questions

Can I hold both SJCP and APCB in my portfolio?

SJCP and APCB have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SJCP or APCB?

APCB has higher volatility (0.93%) compared to SJCP (0.55%). In terms of maximum drawdown, SJCP dropped -2.01% vs APCB's -6.42%.

Which ETF is better, SJCP or APCB?

On 1-year performance, SJCP leads with 3.77% vs 1.90% for APCB. On fees, APCB is cheaper at 0.36% per year. On volatility, SJCP 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, SJCP or APCB?

Over the 1-year period, SJCP has performed better with a 3.77% return vs 1.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SJCP or APCB?

APCB is cheaper with a 0.36% expense ratio, compared with 0.65% for SJCP.

Which ETF pays a higher dividend yield, SJCP or APCB?

APCB has the higher dividend yield at 4.05%, compared with 3.79% for SJCP.

What is the main difference between SJCP and APCB?

They also come from different issuers: SanJac Alpha and ActivePassive. Their fees differ too: 0.65% for SJCP and 0.36% for APCB.

Which has better risk-adjusted returns?

SJCP currently has the higher Sharpe Ratio (1.65 vs 0.78), 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.