UBND vs. WCPNX

Last updated Jun 3, 2026

UBND (VictoryShares Core Plus Intermediate Bond ETF) and WCPNX (Weitz Core Plus Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 3 years, UBND returned 4.98%/yr vs 5.46%/yr for WCPNX. Their correlation of 0.85 suggests significant overlap in exposure. UBND charges 0.40%/yr vs 0.89%/yr for WCPNX.

Performance

UBND vs. WCPNX - Performance Comparison

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

Returns By Period

In the year-to-date period, UBND achieves a 0.42% return, which is significantly lower than WCPNX's 0.80% return.

UBND

• 1D: 0.05%
• 1M: 0.20%
• YTD: 0.42%
• 6M: 0.71%
• 1Y: 5.73%
• 3Y*: 4.98%
• 5Y*: —
• 10Y*: —

WCPNX

• 1D: 0.00%
• 1M: 0.32%
• YTD: 0.80%
• 6M: 1.00%
• 1Y: 5.97%
• 3Y*: 5.46%
• 5Y*: 2.00%
• 10Y*: 3.24%

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

UBND vs. WCPNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
UBND VictoryShares Core Plus Intermediate Bond ETF	0.42%	7.79%	3.04%	7.37%	-12.72%	0.12%
WCPNX Weitz Core Plus Income Fund	0.80%	7.89%	4.10%	7.00%	-9.92%	0.08%

Correlation

The correlation between UBND and WCPNX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021	0.86

The correlation between UBND and WCPNX has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.

Return for Risk

UBND vs. WCPNX — Risk / Return Rank

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

UBND

UBND Risk / Return Rank: 44
UBND Sharpe Ratio Rank: 46
UBND Sortino Ratio Rank: 50
UBND Omega Ratio Rank: 46
UBND Calmar Ratio Rank: 41
UBND Martin Ratio Rank: 40

WCPNX

WCPNX Risk / Return Rank: 30
WCPNX Sharpe Ratio Rank: 27
WCPNX Sortino Ratio Rank: 29
WCPNX Omega Ratio Rank: 27
WCPNX Calmar Ratio Rank: 36
WCPNX Martin Ratio Rank: 31

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. WCPNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares Core Plus Intermediate Bond ETF (UBND) and Weitz Core Plus Income Fund (WCPNX). 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	WCPNX	Difference
Sharpe ratio Return per unit of total volatility	1.63	1.53	+0.10
Sortino ratio Return per unit of downside risk	2.44	2.27	+0.17
Omega ratio Gain probability vs. loss probability	1.30	1.28	+0.02
Calmar ratio Return relative to maximum drawdown	2.06	2.31	-0.24
Martin ratio Return relative to average drawdown	6.61	7.27	-0.66
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. WCPNX - Sharpe Ratio Comparison

The current UBND Sharpe Ratio is 1.63, which is comparable to the WCPNX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of UBND and WCPNX, 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	WCPNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	1.53	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.40	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.86	-0.69

Drawdowns

UBND vs. WCPNX - Drawdown Comparison

The maximum UBND drawdown since its inception was -16.53%, which is greater than WCPNX's maximum drawdown of -13.63%. Use the drawdown chart below to compare losses from any high point for UBND and WCPNX.

Drawdown Indicators

	UBND	WCPNX	Difference
Max Drawdown Largest peak-to-trough decline	-16.53%	-13.63%	-2.90%
Max Drawdown (1Y) Largest decline over 1 year	-2.62%	-2.74%	+0.12%
Max Drawdown (3Y) Largest decline over 3 years	-5.07%	-5.17%	+0.10%
Max Drawdown (5Y) Largest decline over 5 years	—	-13.63%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-13.63%	—
Current Drawdown Current decline from peak	-1.16%	-0.89%	-0.27%
Average Drawdown Average peak-to-trough decline	-5.45%	-2.18%	-3.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	0.87%	-0.05%

Volatility

UBND vs. WCPNX - Volatility Comparison

The current volatility for VictoryShares Core Plus Intermediate Bond ETF (UBND) is 1.26%, while Weitz Core Plus Income Fund (WCPNX) has a volatility of 1.33%. This indicates that UBND experiences smaller price fluctuations and is considered to be less risky than WCPNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UBND	WCPNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.26%	1.33%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	2.44%	2.81%	-0.37%
Volatility (1Y) Calculated over the trailing 1-year period	3.55%	3.79%	-0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.80%	5.00%	+0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.80%	4.17%	+1.63%

UBND vs. WCPNX - Expense Ratio Comparison

UBND has a 0.40% expense ratio, which is lower than WCPNX's 0.89% expense ratio.

Dividends

UBND vs. WCPNX - Dividend Comparison

UBND's dividend yield for the trailing twelve months is around 4.76%, less than WCPNX's 4.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
WCPNX Weitz Core Plus Income Fund	4.89%	5.26%	6.15%	4.92%	3.04%	2.51%	5.07%	2.95%	2.55%	2.41%	3.72%	1.96%

Frequently Asked Questions

Can I hold both UBND and WCPNX in my portfolio?

UBND and WCPNX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UBND or WCPNX?

WCPNX has higher volatility (1.33%) compared to UBND (1.26%). In terms of maximum drawdown, UBND dropped -16.53% vs WCPNX's -13.63%.

Which has better risk-adjusted returns?

UBND currently has the higher Sharpe Ratio (1.63 vs 1.53), 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.