TOTL vs. UBND
TOTL (State Street DoubleLine Total Return Tactical ETF) and UBND (VictoryShares Core Plus Intermediate Bond ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past 3 years, TOTL returned 4.41%/yr vs 5.01%/yr for UBND. Their correlation of 0.86 suggests significant overlap in exposure. TOTL charges 0.55%/yr vs 0.40%/yr for UBND.
Performance
TOTL vs. UBND - Performance Comparison
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Returns By Period
In the year-to-date period, TOTL achieves a -0.26% return, which is significantly lower than UBND's 0.37% return.
TOTL
- 1D
- 0.10%
- 1M
- -0.02%
- YTD
- -0.26%
- 6M
- -0.05%
- 1Y
- 4.31%
- 3Y*
- 4.41%
- 5Y*
- 0.64%
- 10Y*
- 1.65%
UBND
- 1D
- 0.14%
- 1M
- 0.29%
- YTD
- 0.37%
- 6M
- 0.68%
- 1Y
- 5.05%
- 3Y*
- 5.01%
- 5Y*
- —
- 10Y*
- —
TOTL vs. UBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TOTL State Street DoubleLine Total Return Tactical ETF | -0.26% | 7.68% | 3.15% | 5.55% | -11.59% | -0.74% |
UBND VictoryShares Core Plus Intermediate Bond ETF | 0.37% | 7.79% | 3.04% | 7.37% | -12.72% | 0.12% |
Correlation
The correlation between TOTL and UBND 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 (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021 | 0.86 |
The correlation between TOTL and UBND has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.
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Return for Risk
TOTL vs. UBND — Risk / Return Rank
TOTL
UBND
TOTL vs. UBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street DoubleLine Total Return Tactical ETF (TOTL) and VictoryShares Core Plus Intermediate Bond ETF (UBND). 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.
| TOTL | UBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.94 | -0.52 |
| Martin ratioReturn relative to average drawdown | 4.37 | 6.15 | -1.79 |
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
| TOTL | UBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.46 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.17 | +0.21 |
Drawdowns
TOTL vs. UBND - Drawdown Comparison
The maximum TOTL drawdown since its inception was -16.48%, roughly equal to the maximum UBND drawdown of -16.53%. Use the drawdown chart below to compare losses from any high point for TOTL and UBND.
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Drawdown Indicators
| TOTL | UBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.48% | -16.53% | +0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | -2.62% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -6.60% | -5.07% | -1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -16.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -16.48% | — | — |
Current DrawdownCurrent decline from peak | -1.89% | -1.20% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -5.44% | +2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.82% | +0.17% |
Volatility
TOTL vs. UBND - Volatility Comparison
The current volatility for State Street DoubleLine Total Return Tactical ETF (TOTL) is 1.17%, while VictoryShares Core Plus Intermediate Bond ETF (UBND) has a volatility of 1.26%. This indicates that TOTL experiences smaller price fluctuations and is considered to be less risky than UBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TOTL | UBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.26% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.45% | 2.42% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 3.53% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.59% | 5.80% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.78% | 5.80% | -1.02% |
TOTL vs. UBND - Expense Ratio Comparison
TOTL has a 0.55% expense ratio, which is higher than UBND's 0.40% expense ratio.
Dividends
TOTL vs. UBND - Dividend Comparison
TOTL's dividend yield for the trailing twelve months is around 5.29%, more than UBND's 4.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TOTL State Street DoubleLine Total Return Tactical ETF | 5.29% | 5.23% | 5.35% | 4.85% | 4.68% | 3.07% | 2.91% | 3.31% | 3.41% | 3.00% | 3.25% | 2.67% |
UBND VictoryShares Core Plus Intermediate Bond ETF | 4.76% | 4.56% | 4.63% | 4.37% | 3.28% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, TOTL and UBND 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.
UBND has higher volatility (1.26%) compared to TOTL (1.17%). In terms of maximum drawdown, TOTL dropped -16.48% vs UBND's -16.53%.
On 3-year performance, UBND leads with 5.01% vs 4.41% for TOTL. On fees, UBND is cheaper at 0.40% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UBND has performed better with a 5.01% return vs 4.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UBND is cheaper with a 0.40% expense ratio, compared with 0.55% for TOTL.
TOTL has the higher dividend yield at 5.29%, compared with 4.76% for UBND.
They also come from different issuers: State Street and Victory. Their fees differ too: 0.55% for TOTL and 0.40% for UBND.
UBND currently has the higher Sharpe Ratio (1.46 vs 1.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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