UCON vs. WOBDX
Compare and contrast key facts about First Trust TCW Unconstrained Plus Bond ETF (UCON) and JPMorgan Core Bond Fund (WOBDX).
UCON is an actively managed fund by First Trust. It was launched on Jun 4, 2018. WOBDX is managed by JPMorgan. It was launched on May 31, 1991.
Performance
UCON vs. WOBDX - Performance Comparison
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UCON vs. WOBDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UCON First Trust TCW Unconstrained Plus Bond ETF | -0.52% | 7.00% | 4.69% | 7.72% | -5.72% | 1.02% | 6.54% | 7.39% | 1.11% |
WOBDX JPMorgan Core Bond Fund | -0.08% | 7.38% | 1.97% | 5.79% | -12.35% | -1.11% | 8.13% | 8.34% | 1.98% |
Returns By Period
In the year-to-date period, UCON achieves a -0.52% return, which is significantly lower than WOBDX's -0.08% return.
UCON
- 1D
- 0.53%
- 1M
- -1.66%
- YTD
- -0.52%
- 6M
- 0.71%
- 1Y
- 4.82%
- 3Y*
- 5.73%
- 5Y*
- 2.65%
- 10Y*
- —
WOBDX
- 1D
- 0.59%
- 1M
- -2.12%
- YTD
- -0.08%
- 6M
- 0.83%
- 1Y
- 4.21%
- 3Y*
- 3.77%
- 5Y*
- 0.65%
- 10Y*
- 1.97%
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UCON vs. WOBDX - Expense Ratio Comparison
UCON has a 0.86% expense ratio, which is higher than WOBDX's 0.50% expense ratio.
Return for Risk
UCON vs. WOBDX — Risk / Return Rank
UCON
WOBDX
UCON vs. WOBDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust TCW Unconstrained Plus Bond ETF (UCON) and JPMorgan Core Bond Fund (WOBDX). 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.
| UCON | WOBDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | 1.02 | +0.63 |
Sortino ratioReturn per unit of downside risk | 2.34 | 1.47 | +0.86 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.18 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.93 | 1.87 | +0.06 |
Martin ratioReturn relative to average drawdown | 8.54 | 5.20 | +3.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UCON | WOBDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.02 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.11 | +0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 1.17 | -0.56 |
Correlation
The correlation between UCON and WOBDX is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
UCON vs. WOBDX - Dividend Comparison
UCON's dividend yield for the trailing twelve months is around 4.66%, more than WOBDX's 4.05% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UCON First Trust TCW Unconstrained Plus Bond ETF | 4.66% | 4.63% | 4.95% | 4.75% | 3.12% | 2.20% | 3.14% | 3.25% | 1.76% | 0.00% | 0.00% | 0.00% |
WOBDX JPMorgan Core Bond Fund | 4.05% | 3.97% | 3.95% | 3.51% | 2.68% | 2.82% | 4.00% | 3.23% | 2.91% | 2.88% | 2.84% | 2.54% |
Drawdowns
UCON vs. WOBDX - Drawdown Comparison
The maximum UCON drawdown since its inception was -15.31%, smaller than the maximum WOBDX drawdown of -16.65%. Use the drawdown chart below to compare losses from any high point for UCON and WOBDX.
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Drawdown Indicators
| UCON | WOBDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.31% | -16.65% | +1.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.45% | -2.69% | +0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -9.60% | -16.65% | +7.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.65% | — |
Current DrawdownCurrent decline from peak | -1.70% | -2.12% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -1.50% | -1.91% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.97% | -0.42% |
Volatility
UCON vs. WOBDX - Volatility Comparison
The current volatility for First Trust TCW Unconstrained Plus Bond ETF (UCON) is 1.54%, while JPMorgan Core Bond Fund (WOBDX) has a volatility of 1.65%. This indicates that UCON experiences smaller price fluctuations and is considered to be less risky than WOBDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCON | WOBDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 1.65% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 2.63% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.92% | 4.35% | -1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.84% | 5.67% | -1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.94% | 4.69% | +1.25% |