SYSB vs. BNDP
SYSB (iShares Systematic Bond ETF) and BNDP (Vanguard Core-Plus Bond Index ETF) are both Intermediate Core-Plus Bond funds - SYSB tracks the BlackRock Universal Systematic Bond Index while BNDP tracks the Bloomberg U.S. Universal Float Adjusted Index. Both are passively managed. Their correlation of 0.93 suggests significant overlap in exposure. SYSB charges 0.25%/yr vs 0.05%/yr for BNDP.
Performance
SYSB vs. BNDP - Performance Comparison
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Returns By Period
In the year-to-date period, SYSB achieves a 0.24% return, which is significantly lower than BNDP's 0.59% return.
SYSB
- 1D
- 0.18%
- 1M
- 0.20%
- YTD
- 0.24%
- 6M
- 0.32%
- 1Y
- 5.37%
- 3Y*
- 6.74%
- 5Y*
- 1.57%
- 10Y*
- 2.31%
BNDP
- 1D
- 0.26%
- 1M
- 0.51%
- YTD
- 0.59%
- 6M
- 0.69%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SYSB vs. BNDP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SYSB iShares Systematic Bond ETF | 0.24% | 0.09% |
BNDP Vanguard Core-Plus Bond Index ETF | 0.59% | 0.10% |
Correlation
The correlation between SYSB and BNDP is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 5, 2025 | 0.93 |
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Return for Risk
SYSB vs. BNDP — Risk / Return Rank
SYSB
BNDP
SYSB vs. BNDP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Systematic Bond ETF (SYSB) 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.
| SYSB | BNDP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | — | — |
| Martin ratioReturn relative to average drawdown | 5.50 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SYSB | BNDP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.39 | +0.11 |
Drawdowns
SYSB vs. BNDP - Drawdown Comparison
The maximum SYSB drawdown since its inception was -18.47%, which is greater than BNDP's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for SYSB and BNDP.
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Drawdown Indicators
| SYSB | BNDP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.47% | -2.60% | -15.87% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.08% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -18.47% | — | — |
Current DrawdownCurrent decline from peak | -1.61% | -1.05% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -0.86% | -2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | — | — |
Volatility
SYSB vs. BNDP - Volatility Comparison
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Volatility by Period
| SYSB | BNDP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 3.64% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 3.64% | +1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.95% | 3.64% | +1.31% |
SYSB vs. BNDP - Expense Ratio Comparison
SYSB has a 0.25% expense ratio, which is higher than BNDP's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SYSB vs. BNDP - Dividend Comparison
SYSB's dividend yield for the trailing twelve months is around 4.61%, more than BNDP's 2.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDP Vanguard Core-Plus Bond Index ETF | 2.07% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYSB iShares Systematic Bond ETF | 4.61% | 4.78% | 5.04% | 4.44% | 3.27% | 1.92% | 2.57% | 3.27% | 3.61% | 2.74% | 2.92% | 2.26% |
Frequently Asked Questions
With a correlation of 0.93, SYSB and BNDP 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.
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.
BNDP is cheaper with a 0.05% expense ratio, compared with 0.25% for SYSB.
SYSB has the higher dividend yield at 4.61%, compared with 2.07% for BNDP.
SYSB tracks BlackRock Universal Systematic Bond Index, while BNDP tracks Bloomberg U.S. Universal Float Adjusted Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.25% for SYSB and 0.05% for BNDP.
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