TRBF vs. WCPB

Last updated Jul 18, 2026

TRBF (Angel Oak Total Return ETF) and WCPB (Weitz Core Plus Bond ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. A 0.76 correlation means they provide meaningful diversification when combined. TRBF charges 0.44%/yr vs 0.45%/yr for WCPB.

Performance

TRBF vs. WCPB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Angel Oak Total Return ETF (TRBF) and Weitz Core Plus Bond ETF (WCPB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRBF achieves a 0.76% return, which is significantly lower than WCPB's 1.35% return.

TRBF

• 1D: -0.08%
• 1M: 0.06%
• 6M: 0.38%
• YTD: 0.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WCPB

• 1D: 0.04%
• 1M: -0.07%
• 6M: 0.80%
• YTD: 1.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TRBF vs. WCPB - Yearly Performance Comparison

	2026 (YTD)	2025
TRBF Angel Oak Total Return ETF	0.76%	0.94%
WCPB Weitz Core Plus Bond ETF	1.35%	1.36%

Correlation

The correlation between TRBF and WCPB is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 7, 2025	0.76

Return for Risk

TRBF vs. WCPB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Angel Oak Total Return ETF (TRBF) and Weitz Core Plus Bond ETF (WCPB). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

TRBF vs. WCPB - Drawdown Comparison

The maximum TRBF drawdown since its inception was -2.59%, roughly equal to the maximum WCPB drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for TRBF and WCPB.

Drawdown Indicators

	TRBF	WCPB	Difference
Max Drawdown Largest peak-to-trough decline	-2.59%	-2.64%	+0.05%
Current Drawdown Current decline from peak	-1.25%	-0.63%	-0.62%
Average Drawdown Average peak-to-trough decline	-0.85%	-0.57%	-0.28%

Volatility

Volatility by Period

	TRBF	WCPB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.73%	3.85%	-0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.73%	3.85%	-0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.73%	3.85%	-0.12%

TRBF vs. WCPB - Expense Ratio Comparison

TRBF has a 0.44% expense ratio, which is lower than WCPB's 0.45% expense ratio.

Dividends

TRBF vs. WCPB - Dividend Comparison

TRBF's dividend yield for the trailing twelve months is around 3.58%, which matches WCPB's 3.58% yield.

Position	TTM	2025
TRBF Angel Oak Total Return ETF	3.58%	1.16%
WCPB Weitz Core Plus Bond ETF	3.58%	1.19%

Frequently Asked Questions

Can I hold both TRBF and WCPB in my portfolio?

TRBF and WCPB have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TRBF or WCPB?

On fees, TRBF is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TRBF or WCPB?

TRBF is cheaper with a 0.44% expense ratio, compared with 0.45% for WCPB.

Which ETF pays a higher dividend yield, TRBF or WCPB?

TRBF and WCPB have nearly identical dividend yields, around 3.58%.

What is the main difference between TRBF and WCPB?

They also come from different issuers: Angel Oak and Weitz. Their fees differ too: 0.44% for TRBF and 0.45% for WCPB.