TOTL vs. BNDP

Last updated Jun 26, 2026

TOTL (State Street DoubleLine Total Return Tactical ETF) and BNDP (Vanguard Core-Plus Bond Index ETF) are both Intermediate Core-Plus Bond funds. TOTL is actively managed, while BNDP is passively managed. Their correlation of 0.94 suggests significant overlap in exposure. TOTL charges 0.55%/yr vs 0.05%/yr for BNDP.

Performance

TOTL vs. BNDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street DoubleLine Total Return Tactical ETF (TOTL) 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, TOTL achieves a 0.09% return, which is significantly lower than BNDP's 1.04% return.

TOTL

• 1D: 0.15%
• 1M: 0.54%
• YTD: 0.09%
• 6M: 0.07%
• 1Y: 4.02%
• 3Y*: 4.32%
• 5Y*: 0.73%
• 10Y*: 1.59%

BNDP

• 1D: 0.13%
• 1M: 1.01%
• YTD: 1.04%
• 6M: 0.97%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TOTL vs. BNDP - Yearly Performance Comparison

	2026 (YTD)	2025
TOTL State Street DoubleLine Total Return Tactical ETF	0.09%	-0.01%
BNDP Vanguard Core-Plus Bond Index ETF	1.04%	0.08%

Correlation

The correlation between TOTL and BNDP is 0.94, 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 4, 2025	0.94

Return for Risk

TOTL vs. BNDP — Risk / Return Rank

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

TOTL

TOTL Risk / Return Rank: 33
TOTL Sharpe Ratio Rank: 36
TOTL Sortino Ratio Rank: 36
TOTL Omega Ratio Rank: 34
TOTL Calmar Ratio Rank: 30
TOTL Martin Ratio Rank: 29

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.

TOTL vs. BNDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street DoubleLine Total Return Tactical ETF (TOTL) 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.

	TOTL	BNDP	Difference
Sharpe ratio: Return per unit of total volatility	1.17	—	—
Sortino ratio: Return per unit of downside risk	1.72	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.33	—	—
Martin ratio: Return relative to average drawdown	3.68	—	—

Drawdowns

TOTL vs. BNDP - Drawdown Comparison

The maximum TOTL drawdown since its inception was -16.48%, which is greater than BNDP's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for TOTL and BNDP.

Drawdown Indicators

	TOTL	BNDP	Difference
Max Drawdown Largest peak-to-trough decline	-16.48%	-2.60%	-13.88%
Max Drawdown (1Y) Largest decline over 1 year	-3.04%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.60%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.48%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-16.48%	—	—
Current Drawdown Current decline from peak	-1.54%	-0.62%	-0.92%
Average Drawdown Average peak-to-trough decline	-3.12%	-0.89%	-2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	—	—

Volatility

Volatility by Period

	TOTL	BNDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.47%	3.72%	-0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.61%	3.72%	+1.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.79%	3.72%	+1.07%

TOTL vs. BNDP - Expense Ratio Comparison

TOTL has a 0.55% expense ratio, which is higher than BNDP's 0.05% expense ratio.

Dividends

TOTL vs. BNDP - Dividend Comparison

TOTL's dividend yield for the trailing twelve months is around 5.27%, more than BNDP's 2.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BNDP Vanguard Core-Plus Bond Index ETF	2.06%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TOTL State Street DoubleLine Total Return Tactical ETF	5.27%	5.23%	5.35%	4.85%	4.68%	3.07%	2.91%	3.31%	3.41%	3.00%	3.25%	2.67%

Frequently Asked Questions

Can I hold both TOTL and BNDP in my portfolio?

With a correlation of 0.94, TOTL 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.

Which ETF is better, TOTL 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, TOTL or BNDP?

BNDP is cheaper with a 0.05% expense ratio, compared with 0.55% for TOTL.

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

TOTL has the higher dividend yield at 5.27%, compared with 2.06% for BNDP.

What is the main difference between TOTL and BNDP?

They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.55% for TOTL and 0.05% for BNDP.