Correlation
The correlation between UBND and ^GSPC is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
UBND vs. ^GSPC
Compare and contrast key facts about VictoryShares Core Plus Intermediate Bond ETF (UBND) and S&P 500 (^GSPC).
UBND is an actively managed fund by VictoryShares. It was launched on Oct 4, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UBND or ^GSPC.
Performance
UBND vs. ^GSPC - Performance Comparison
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Key characteristics
UBND:
1.37
^GSPC:
0.66
UBND:
1.91
^GSPC:
0.94
UBND:
1.23
^GSPC:
1.14
UBND:
0.89
^GSPC:
0.60
UBND:
3.63
^GSPC:
2.28
UBND:
1.82%
^GSPC:
5.01%
UBND:
4.99%
^GSPC:
19.77%
UBND:
-16.53%
^GSPC:
-56.78%
UBND:
-0.95%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, UBND achieves a 2.70% return, which is significantly higher than ^GSPC's 0.51% return.
UBND
2.70%
0.09%
1.17%
6.22%
3.08%
N/A
N/A
^GSPC
0.51%
5.49%
-2.00%
12.02%
12.68%
14.19%
10.85%
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Risk-Adjusted Performance
UBND vs. ^GSPC — Risk-Adjusted Performance Rank
UBND
^GSPC
UBND vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares Core Plus Intermediate Bond ETF (UBND) and S&P 500 (^GSPC). 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.
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Drawdowns
UBND vs. ^GSPC - Drawdown Comparison
The maximum UBND drawdown since its inception was -16.53%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for UBND and ^GSPC.
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Volatility
UBND vs. ^GSPC - Volatility Comparison
The current volatility for VictoryShares Core Plus Intermediate Bond ETF (UBND) is 1.38%, while S&P 500 (^GSPC) has a volatility of 4.77%. This indicates that UBND experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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