SJCP vs. BNDP

Last updated Jun 23, 2026

SJCP (SanJac Alpha Core Plus Bond ETF) and BNDP (Vanguard Core-Plus Bond Index ETF) are both Intermediate Core-Plus Bond funds. SJCP is actively managed, while BNDP is passively managed. At a 0.49 correlation, their price movements are largely independent. SJCP charges 0.65%/yr vs 0.05%/yr for BNDP.

Performance

SJCP vs. BNDP - Performance Comparison

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

Returns By Period

In the year-to-date period, SJCP achieves a 0.94% return, which is significantly higher than BNDP's 0.42% return.

SJCP

• 1D: 0.12%
• 1M: 0.50%
• YTD: 0.94%
• 6M: 1.04%
• 1Y: 4.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNDP

• 1D: -0.25%
• 1M: 0.73%
• YTD: 0.42%
• 6M: 0.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SJCP vs. BNDP - Yearly Performance Comparison

	2026 (YTD)	2025
SJCP SanJac Alpha Core Plus Bond ETF	0.94%	0.19%
BNDP Vanguard Core-Plus Bond Index ETF	0.42%	0.08%

Correlation

The correlation between SJCP and BNDP is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.50

Return for Risk

SJCP vs. BNDP — Risk / Return Rank

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

SJCP

SJCP Risk / Return Rank: 59
SJCP Sharpe Ratio Rank: 58
SJCP Sortino Ratio Rank: 60
SJCP Omega Ratio Rank: 71
SJCP Calmar Ratio Rank: 49
SJCP Martin Ratio Rank: 56

BNDP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SJCP vs. BNDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SanJac Alpha Core Plus Bond ETF (SJCP) and Vanguard Core-Plus Bond Index ETF (BNDP). 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	BNDP	Difference
Sharpe ratio: Return per unit of total volatility	1.89	—	—
Sortino ratio: Return per unit of downside risk	2.75	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	2.36	—	—
Martin ratio: Return relative to average drawdown	9.57	—	—

Drawdowns

SJCP vs. BNDP - Drawdown Comparison

The maximum SJCP drawdown since its inception was -2.01%, smaller than the maximum BNDP drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for SJCP and BNDP.

Drawdown Indicators

	SJCP	BNDP	Difference
Max Drawdown Largest peak-to-trough decline	-2.01%	-2.60%	+0.59%
Max Drawdown (1Y) Largest decline over 1 year	-2.01%	—	—
Current Drawdown Current decline from peak	-0.38%	-1.23%	+0.85%
Average Drawdown Average peak-to-trough decline	-0.27%	-0.89%	+0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.49%	—	—

Volatility

Volatility by Period

	SJCP	BNDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.51%	3.71%	-1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.43%	3.71%	-1.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.43%	3.71%	-1.28%

SJCP vs. BNDP - Expense Ratio Comparison

SJCP has a 0.65% expense ratio, which is higher than BNDP's 0.05% expense ratio.

Dividends

SJCP vs. BNDP - Dividend Comparison

SJCP's dividend yield for the trailing twelve months is around 3.80%, more than BNDP's 2.08% yield.

Position	TTM	2025	2024
BNDP Vanguard Core-Plus Bond Index ETF	2.08%	0.24%	0.00%
SJCP SanJac Alpha Core Plus Bond ETF	3.80%	4.05%	1.40%

Frequently Asked Questions

Can I hold both SJCP and BNDP in my portfolio?

SJCP and BNDP have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SJCP or BNDP?

On fees, BNDP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SJCP or BNDP?

BNDP is cheaper with a 0.05% expense ratio, compared with 0.65% for SJCP.

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

SJCP has the higher dividend yield at 3.80%, compared with 2.08% for BNDP.

What is the main difference between SJCP and BNDP?

They also come from different issuers: SanJac Alpha and Vanguard. Their fees differ too: 0.65% for SJCP and 0.05% for BNDP.