UBND vs. BNDP

Last updated Jun 24, 2026

UBND (VictoryShares Core Plus Intermediate Bond ETF) and BNDP (Vanguard Core-Plus Bond Index ETF) are both Intermediate Core-Plus Bond funds. UBND is actively managed, while BNDP is passively managed. Their correlation of 0.94 suggests significant overlap in exposure. UBND charges 0.40%/yr vs 0.05%/yr for BNDP.

Performance

UBND vs. BNDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares Core Plus Intermediate Bond ETF (UBND) and Vanguard Core-Plus Bond Index ETF (BNDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with UBND having a 0.53% return and BNDP slightly lower at 0.52%.

UBND

• 1D: 0.09%
• 1M: 0.78%
• YTD: 0.53%
• 6M: 0.78%
• 1Y: 4.75%
• 3Y*: 5.00%
• 5Y*: —
• 10Y*: —

BNDP

• 1D: 0.10%
• 1M: 0.84%
• YTD: 0.52%
• 6M: 0.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UBND vs. BNDP - Yearly Performance Comparison

	2026 (YTD)	2025
UBND VictoryShares Core Plus Intermediate Bond ETF	0.53%	0.13%
BNDP Vanguard Core-Plus Bond Index ETF	0.52%	0.08%

Correlation

The correlation between UBND 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

UBND vs. BNDP — Risk / Return Rank

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

UBND

UBND Risk / Return Rank: 40
UBND Sharpe Ratio Rank: 42
UBND Sortino Ratio Rank: 42
UBND Omega Ratio Rank: 40
UBND Calmar Ratio Rank: 39
UBND Martin Ratio Rank: 38

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.

UBND vs. BNDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares Core Plus Intermediate Bond ETF (UBND) 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.

	UBND	BNDP	Difference
Sharpe ratio: Return per unit of total volatility	1.37	—	—
Sortino ratio: Return per unit of downside risk	2.04	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.82	—	—
Martin ratio: Return relative to average drawdown	5.51	—	—

Drawdowns

UBND vs. BNDP - Drawdown Comparison

The maximum UBND drawdown since its inception was -16.53%, which is greater than BNDP's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for UBND and BNDP.

Drawdown Indicators

	UBND	BNDP	Difference
Max Drawdown Largest peak-to-trough decline	-16.53%	-2.60%	-13.93%
Max Drawdown (1Y) Largest decline over 1 year	-2.62%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.07%	—	—
Current Drawdown Current decline from peak	-1.05%	-1.13%	+0.08%
Average Drawdown Average peak-to-trough decline	-5.39%	-0.89%	-4.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	—	—

Volatility

Volatility by Period

	UBND	BNDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.49%	3.70%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.79%	3.70%	+2.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.79%	3.70%	+2.09%

UBND vs. BNDP - Expense Ratio Comparison

UBND has a 0.40% expense ratio, which is higher than BNDP's 0.05% expense ratio.

Dividends

UBND vs. BNDP - Dividend Comparison

UBND's dividend yield for the trailing twelve months is around 4.81%, more than BNDP's 2.07% yield.

Position	TTM	2025	2024	2023	2022	2021
BNDP Vanguard Core-Plus Bond Index ETF	2.07%	0.24%	0.00%	0.00%	0.00%	0.00%
UBND VictoryShares Core Plus Intermediate Bond ETF	4.81%	4.56%	4.63%	4.37%	3.28%	0.28%

Frequently Asked Questions

Can I hold both UBND and BNDP in my portfolio?

With a correlation of 0.94, UBND 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, UBND 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, UBND or BNDP?

BNDP is cheaper with a 0.05% expense ratio, compared with 0.40% for UBND.

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

UBND has the higher dividend yield at 4.81%, compared with 2.07% for BNDP.

What is the main difference between UBND and BNDP?

They also come from different issuers: Victory and Vanguard. Their fees differ too: 0.40% for UBND and 0.05% for BNDP.