TCPB vs. BNDP
TCPB (Thrivent Core Plus Bond ETF) and BNDP (Vanguard Core-Plus Bond Index ETF) are both Intermediate Core-Plus Bond funds. TCPB is actively managed, while BNDP is passively managed. Their correlation of 0.94 means they have usually moved in the same direction. TCPB charges 0.39%/yr vs 0.05%/yr for BNDP.
Performance
TCPB vs. BNDP - Performance Comparison
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Returns By Period
In the year-to-date period, TCPB achieves a -0.33% return, which is significantly higher than BNDP's -0.46% return.
TCPB
- 1D
- -0.22%
- 1M
- -1.18%
- 6M
- -0.64%
- YTD
- -0.33%
- 1Y
- 2.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.17%
BNDP
- 1D
- -0.23%
- 1M
- -1.08%
- 6M
- -0.62%
- YTD
- -0.46%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $504.98K | $475.70K | $762.42K | |
| $1.03M | $1.25M | $1.56M |
TCPB vs. BNDP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TCPB Thrivent Core Plus Bond ETF | -0.33% | -0.12% |
BNDP Vanguard Core-Plus Bond Index ETF | -0.46% | 0.08% |
Correlation
The correlation between TCPB and BNDP is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025 | 0.94 |
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Return for Risk
TCPB vs. BNDP — Risk / Return Rank
TCPB
BNDP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TCPB vs. BNDP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Core Plus Bond ETF (TCPB) 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.
| TCPB | BNDP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.15 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | — | — |
| Martin ratioReturn relative to average drawdown | 3.29 | — | — |
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Drawdowns
TCPB vs. BNDP - Drawdown Comparison
The maximum TCPB drawdown since its inception was -2.74%, which is greater than BNDP's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for TCPB and BNDP.
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Drawdown Indicators
| TCPB | BNDP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.74% | -2.60% | -0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | — | — |
Current DrawdownCurrent decline from peak | -2.08% | -2.10% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -0.98% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | — | — |
Volatility
TCPB vs. BNDP - Volatility Comparison
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Volatility by Period
| TCPB | BNDP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 3.65% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.37% | 3.65% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.37% | 3.65% | +0.72% |
TCPB vs. BNDP - Expense Ratio Comparison
TCPB has a 0.39% expense ratio, which is higher than BNDP's 0.05% expense ratio.
Dividends
TCPB vs. BNDP - Dividend Comparison
TCPB's dividend yield for the trailing twelve months is around 4.85%, more than BNDP's 2.47% yield.
| Position | TTM | 2025 |
|---|---|---|
BNDP Vanguard Core-Plus Bond Index ETF | 2.47% | 0.24% |
TCPB Thrivent Core Plus Bond ETF | 4.85% | 3.85% |
Frequently Asked Questions
With a correlation of 0.94, TCPB 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 0.39% for TCPB.
TCPB has the higher dividend yield at 4.85%, compared with 2.47% for BNDP.
They also come from different issuers: Thrivent and Vanguard. Their fees differ too: 0.39% for TCPB and 0.05% for BNDP.
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