UBND vs. UCRD

Last updated Jun 5, 2026

UBND (VictoryShares Core Plus Intermediate Bond ETF) and UCRD (VictoryShares ESG Corporate Bond ETF) are both exchange-traded funds - UBND is a Intermediate Core-Plus Bond fund actively managed by Victory, while UCRD is a Corporate Bonds fund actively managed by Victory. Both are actively managed. Over the past 3 years, UBND returned 5.01%/yr vs 5.69%/yr for UCRD. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.40% expense ratio.

Performance

UBND vs. UCRD - Performance Comparison

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

Returns By Period

In the year-to-date period, UBND achieves a 0.37% return, which is significantly lower than UCRD's 0.63% return.

UBND

• 1D: 0.14%
• 1M: 0.29%
• YTD: 0.37%
• 6M: 0.68%
• 1Y: 5.05%
• 3Y*: 5.01%
• 5Y*: —
• 10Y*: —

UCRD

• 1D: 0.11%
• 1M: 0.29%
• YTD: 0.63%
• 6M: 0.65%
• 1Y: 5.67%
• 3Y*: 5.69%
• 5Y*: —
• 10Y*: —

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

UBND vs. UCRD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
UBND VictoryShares Core Plus Intermediate Bond ETF	0.37%	7.79%	3.04%	7.37%	-12.72%	0.12%
UCRD VictoryShares ESG Corporate Bond ETF	0.63%	7.90%	2.68%	9.27%	-17.13%	0.30%

Correlation

The correlation between UBND and UCRD is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021	0.91

The correlation between UBND and UCRD has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

UBND vs. UCRD — Risk / Return Rank

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

UBND

UBND Risk / Return Rank: 41
UBND Sharpe Ratio Rank: 42
UBND Sortino Ratio Rank: 43
UBND Omega Ratio Rank: 41
UBND Calmar Ratio Rank: 40
UBND Martin Ratio Rank: 40

UCRD

UCRD Risk / Return Rank: 38
UCRD Sharpe Ratio Rank: 38
UCRD Sortino Ratio Rank: 38
UCRD Omega Ratio Rank: 36
UCRD Calmar Ratio Rank: 41
UCRD Martin Ratio Rank: 39

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. UCRD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares Core Plus Intermediate Bond ETF (UBND) and VictoryShares ESG Corporate Bond ETF (UCRD). 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	UCRD	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.33	+0.14
Sortino ratio: Return per unit of downside risk	2.16	1.94	+0.21
Omega ratio: Gain probability vs. loss probability	1.26	1.23	+0.03
Calmar ratio: Return relative to maximum drawdown	1.94	1.96	-0.03
Martin ratio: Return relative to average drawdown	6.15	6.10	+0.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UBND vs. UCRD - Sharpe Ratio Comparison

The current UBND Sharpe Ratio is 1.46, which is comparable to the UCRD Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of UBND and UCRD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UBND	UCRD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	1.33	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.04	+0.13

Drawdowns

UBND vs. UCRD - Drawdown Comparison

The maximum UBND drawdown since its inception was -16.53%, smaller than the maximum UCRD drawdown of -22.37%. Use the drawdown chart below to compare losses from any high point for UBND and UCRD.

Drawdown Indicators

	UBND	UCRD	Difference
Max Drawdown Largest peak-to-trough decline	-16.53%	-22.37%	+5.84%
Max Drawdown (1Y) Largest decline over 1 year	-2.62%	-2.90%	+0.28%
Max Drawdown (3Y) Largest decline over 3 years	-5.07%	-6.54%	+1.47%
Current Drawdown Current decline from peak	-1.20%	-1.02%	-0.18%
Average Drawdown Average peak-to-trough decline	-5.44%	-8.41%	+2.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	0.93%	-0.11%

Volatility

UBND vs. UCRD - Volatility Comparison

The current volatility for VictoryShares Core Plus Intermediate Bond ETF (UBND) is 1.26%, while VictoryShares ESG Corporate Bond ETF (UCRD) has a volatility of 1.43%. This indicates that UBND experiences smaller price fluctuations and is considered to be less risky than UCRD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UBND	UCRD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.26%	1.43%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	2.42%	3.22%	-0.80%
Volatility (1Y) Calculated over the trailing 1-year period	3.53%	4.33%	-0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.80%	7.55%	-1.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.80%	7.55%	-1.75%

UBND vs. UCRD - Expense Ratio Comparison

Both UBND and UCRD have an expense ratio of 0.40%.

Dividends

UBND vs. UCRD - Dividend Comparison

UBND's dividend yield for the trailing twelve months is around 4.76%, more than UCRD's 4.18% yield.

Position	TTM	2025	2024	2023	2022	2021
UBND VictoryShares Core Plus Intermediate Bond ETF	4.76%	4.56%	4.63%	4.37%	3.28%	0.28%
UCRD VictoryShares ESG Corporate Bond ETF	4.18%	4.05%	4.00%	3.56%	2.72%	0.54%

Frequently Asked Questions

Can I hold both UBND and UCRD in my portfolio?

With a correlation of 0.92, UBND and UCRD 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 is riskier, UBND or UCRD?

UCRD has higher volatility (1.43%) compared to UBND (1.26%). In terms of maximum drawdown, UBND dropped -16.53% vs UCRD's -22.37%.

Which ETF is better, UBND or UCRD?

On 3-year performance, UCRD leads with 5.69% vs 5.01% for UBND. Both ETFs have the same 0.40% expense ratio. 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.

Which ETF has performed better, UBND or UCRD?

Over the 3-year period, UCRD has performed better with a 5.69% return vs 5.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UBND or UCRD?

UBND and UCRD have the same expense ratio: 0.40% per year.

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

UBND has the higher dividend yield at 4.76%, compared with 4.18% for UCRD.

What is the main difference between UBND and UCRD?

UBND is categorized as Intermediate Core-Plus Bond, while UCRD is Corporate Bonds.

Which has better risk-adjusted returns?

UBND currently has the higher Sharpe Ratio (1.46 vs 1.33), 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.