TCV vs. VCOB

Last updated Jul 18, 2026

TCV (Towle Value ETF) and VCOB (Voya Core Bond ETF) are both exchange-traded funds - TCV is a Small Cap Value Equities fund actively managed by Towle, while VCOB is a Actively Managed fund actively managed by Voya. Both are actively managed. At a 0.22 correlation, their price movements are largely independent. TCV charges 0.85%/yr vs 0.25%/yr for VCOB.

Performance

TCV vs. VCOB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Towle Value ETF (TCV) and Voya Core Bond ETF (VCOB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TCV achieves a 28.42% return, which is significantly higher than VCOB's -1.35% return.

TCV

• 1D: -0.22%
• 1M: 5.84%
• 6M: 14.99%
• YTD: 28.42%
• 1Y: 33.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VCOB

• 1D: 0.08%
• 1M: -0.45%
• 6M: -1.58%
• YTD: -1.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TCV vs. VCOB - Yearly Performance Comparison

	2026 (YTD)	2025
TCV Towle Value ETF	28.42%	1.80%
VCOB Voya Core Bond ETF	-1.35%	0.35%

Correlation

The correlation between TCV and VCOB is 0.22, 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 Nov 19, 2025	0.22

Return for Risk

TCV vs. VCOB — Risk / Return Rank

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

TCV

TCV Risk / Return Rank: 64
TCV Sharpe Ratio Rank: 65
TCV Sortino Ratio Rank: 65
TCV Omega Ratio Rank: 59
TCV Calmar Ratio Rank: 73
TCV Martin Ratio Rank: 57

VCOB

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.

TCV vs. VCOB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Towle Value ETF (TCV) and Voya Core Bond ETF (VCOB). 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.

	TCV	VCOB	Difference
Sharpe ratio: Return per unit of total volatility	1.60	—	—
Sortino ratio: Return per unit of downside risk	2.27	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.75	—	—
Martin ratio: Return relative to average drawdown	7.35	—	—

Drawdowns

TCV vs. VCOB - Drawdown Comparison

The maximum TCV drawdown since its inception was -12.23%, which is greater than VCOB's maximum drawdown of -3.27%. Use the drawdown chart below to compare losses from any high point for TCV and VCOB.

Drawdown Indicators

	TCV	VCOB	Difference
Max Drawdown Largest peak-to-trough decline	-12.23%	-3.27%	-8.96%
Max Drawdown (1Y) Largest decline over 1 year	-12.23%	—	—
Current Drawdown Current decline from peak	-0.30%	-2.67%	+2.37%
Average Drawdown Average peak-to-trough decline	-3.27%	-1.44%	-1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.57%	—	—

Volatility

Volatility by Period

	TCV	VCOB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.08%	3.85%	+17.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.08%	3.85%	+17.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.08%	3.85%	+17.23%

TCV vs. VCOB - Expense Ratio Comparison

TCV has a 0.85% expense ratio, which is higher than VCOB's 0.25% expense ratio.

Dividends

TCV vs. VCOB - Dividend Comparison

TCV's dividend yield for the trailing twelve months is around 0.56%, more than VCOB's 0.50% yield.

Position	TTM	2025
TCV Towle Value ETF	0.56%	0.31%
VCOB Voya Core Bond ETF	0.50%	0.49%

Frequently Asked Questions

Can I hold both TCV and VCOB in my portfolio?

TCV and VCOB have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TCV or VCOB?

On fees, VCOB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TCV or VCOB?

VCOB is cheaper with a 0.25% expense ratio, compared with 0.85% for TCV.

Which ETF pays a higher dividend yield, TCV or VCOB?

TCV has the higher dividend yield at 0.56%, compared with 0.50% for VCOB.

What is the main difference between TCV and VCOB?

TCV is categorized as Small Cap Value Equities, while VCOB is Actively Managed. They also come from different issuers: Towle and Voya. Their fees differ too: 0.85% for TCV and 0.25% for VCOB.