UBND vs. BYLD
UBND (VictoryShares Core Plus Intermediate Bond ETF) and BYLD (iShares Yield Optimized Bond ETF) are both Intermediate Core-Plus Bond funds. UBND is actively managed, while BYLD is passively managed. Over the past 3 years, UBND returned 4.91%/yr vs 6.49%/yr for BYLD. A 0.77 correlation means they provide meaningful diversification when combined. UBND charges 0.40%/yr vs 0.17%/yr for BYLD.
Performance
UBND vs. BYLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UBND achieves a 0.23% return, which is significantly lower than BYLD's 1.23% return.
UBND
- 1D
- -0.18%
- 1M
- 0.25%
- YTD
- 0.23%
- 6M
- 0.36%
- 1Y
- 5.64%
- 3Y*
- 4.91%
- 5Y*
- —
- 10Y*
- —
BYLD
- 1D
- -0.18%
- 1M
- 0.61%
- YTD
- 1.23%
- 6M
- 1.35%
- 1Y
- 7.01%
- 3Y*
- 6.49%
- 5Y*
- 2.21%
- 10Y*
- 3.01%
UBND vs. BYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UBND VictoryShares Core Plus Intermediate Bond ETF | 0.23% | 7.79% | 3.04% | 7.37% | -12.72% | 0.12% |
BYLD iShares Yield Optimized Bond ETF | 1.23% | 8.41% | 4.17% | 8.30% | -10.33% | 0.00% |
Correlation
The correlation between UBND and BYLD is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021 | 0.77 |
The correlation between UBND and BYLD has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UBND vs. BYLD — Risk / Return Rank
UBND
BYLD
UBND vs. BYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares Core Plus Intermediate Bond ETF (UBND) and iShares Yield Optimized Bond ETF (BYLD). 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.
| UBND | BYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.35 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 2.60 | -0.43 |
| Martin ratioReturn relative to average drawdown | 6.89 | 10.54 | -3.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| UBND | BYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 1.85 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.43 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.57 | -0.41 |
Drawdowns
UBND vs. BYLD - Drawdown Comparison
The maximum UBND drawdown since its inception was -16.53%, which is greater than BYLD's maximum drawdown of -14.75%. Use the drawdown chart below to compare losses from any high point for UBND and BYLD.
Loading charts...
Drawdown Indicators
| UBND | BYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.53% | -14.75% | -1.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.62% | -2.71% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -5.07% | -3.94% | -1.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.75% | — |
Current DrawdownCurrent decline from peak | -1.34% | -0.34% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -2.51% | -2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.67% | +0.15% |
Volatility
UBND vs. BYLD - Volatility Comparison
The current volatility for VictoryShares Core Plus Intermediate Bond ETF (UBND) is 1.26%, while iShares Yield Optimized Bond ETF (BYLD) has a volatility of 1.42%. This indicates that UBND experiences smaller price fluctuations and is considered to be less risky than BYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UBND | BYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.42% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.42% | 2.94% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 3.82% | -0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.80% | 5.20% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.80% | 5.43% | +0.37% |
UBND vs. BYLD - Expense Ratio Comparison
UBND has a 0.40% expense ratio, which is higher than BYLD's 0.17% expense ratio.
Dividends
UBND vs. BYLD - Dividend Comparison
UBND's dividend yield for the trailing twelve months is around 4.77%, less than BYLD's 5.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BYLD iShares Yield Optimized Bond ETF | 5.36% | 5.32% | 5.31% | 4.45% | 3.39% | 2.18% | 3.41% | 3.67% | 4.22% | 3.22% | 3.14% | 3.37% |
UBND VictoryShares Core Plus Intermediate Bond ETF | 4.77% | 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
UBND and BYLD have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BYLD has higher volatility (1.42%) compared to UBND (1.26%). In terms of maximum drawdown, UBND dropped -16.53% vs BYLD's -14.75%.
On 3-year performance, BYLD leads with 6.49% vs 4.91% for UBND. On fees, BYLD is cheaper at 0.17% per year. On volatility, UBND has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BYLD has performed better with a 6.49% return vs 4.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BYLD is cheaper with a 0.17% expense ratio, compared with 0.40% for UBND.
BYLD has the higher dividend yield at 5.36%, compared with 4.77% for UBND.
They also come from different issuers: Victory and iShares. Their fees differ too: 0.40% for UBND and 0.17% for BYLD.
BYLD currently has the higher Sharpe Ratio (1.85 vs 1.60), 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.
Find the right allocation for UBND and BYLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer