UCRD vs. UBND

Last updated Jun 3, 2026

UCRD (VictoryShares ESG Corporate Bond ETF) and UBND (VictoryShares Core Plus Intermediate Bond ETF) are both exchange-traded funds - UCRD is a Corporate Bonds fund actively managed by Victory, while UBND is a Intermediate Core-Plus Bond fund actively managed by Victory. Both are actively managed. Over the past 3 years, UCRD returned 5.71%/yr vs 4.98%/yr for UBND. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.40% expense ratio.

Performance

UCRD vs. UBND - Performance Comparison

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

Returns By Period

In the year-to-date period, UCRD achieves a 0.72% return, which is significantly higher than UBND's 0.42% return.

UCRD

• 1D: 0.05%
• 1M: 0.34%
• YTD: 0.72%
• 6M: 0.77%
• 1Y: 6.39%
• 3Y*: 5.71%
• 5Y*: —
• 10Y*: —

UBND

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

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

UCRD vs. UBND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
UCRD VictoryShares ESG Corporate Bond ETF	0.72%	7.90%	2.68%	9.27%	-17.13%	0.30%
UBND VictoryShares Core Plus Intermediate Bond ETF	0.42%	7.79%	3.04%	7.37%	-12.72%	0.12%

Correlation

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

Return for Risk

UCRD vs. UBND — Risk / Return Rank

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

UCRD

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

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

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.

UCRD vs. UBND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares ESG Corporate Bond ETF (UCRD) and VictoryShares Core Plus Intermediate Bond ETF (UBND). 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.

	UCRD	UBND	Difference
Sharpe ratio Return per unit of total volatility	1.49	1.63	-0.15
Sortino ratio Return per unit of downside risk	2.19	2.44	-0.25
Omega ratio Gain probability vs. loss probability	1.27	1.30	-0.03
Calmar ratio Return relative to maximum drawdown	2.15	2.06	+0.09
Martin ratio Return relative to average drawdown	6.72	6.61	+0.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UCRD vs. UBND - Sharpe Ratio Comparison

The current UCRD Sharpe Ratio is 1.49, which is comparable to the UBND Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of UCRD and UBND, 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

	UCRD	UBND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	1.63	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.17	-0.13

Drawdowns

UCRD vs. UBND - Drawdown Comparison

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

Drawdown Indicators

	UCRD	UBND	Difference
Max Drawdown Largest peak-to-trough decline	-22.37%	-16.53%	-5.84%
Max Drawdown (1Y) Largest decline over 1 year	-2.90%	-2.62%	-0.28%
Max Drawdown (3Y) Largest decline over 3 years	-6.54%	-5.07%	-1.47%
Current Drawdown Current decline from peak	-0.93%	-1.16%	+0.23%
Average Drawdown Average peak-to-trough decline	-8.42%	-5.45%	-2.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	0.82%	+0.11%

Volatility

UCRD vs. UBND - Volatility Comparison

VictoryShares ESG Corporate Bond ETF (UCRD) has a higher volatility of 1.48% compared to VictoryShares Core Plus Intermediate Bond ETF (UBND) at 1.26%. This indicates that UCRD's price experiences larger fluctuations and is considered to be riskier than UBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UCRD	UBND	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.48%	1.26%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	3.24%	2.44%	+0.80%
Volatility (1Y) Calculated over the trailing 1-year period	4.32%	3.55%	+0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.56%	5.80%	+1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.56%	5.80%	+1.76%

UCRD vs. UBND - Expense Ratio Comparison

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

Dividends

UCRD vs. UBND - Dividend Comparison

UCRD's dividend yield for the trailing twelve months is around 4.17%, less than UBND's 4.76% 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	4.17%	4.05%	4.00%	3.56%	2.72%	0.54%

Frequently Asked Questions

Can I hold both UCRD and UBND in my portfolio?

With a correlation of 0.91, UCRD and UBND 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, UCRD or UBND?

UCRD has higher volatility (1.48%) compared to UBND (1.26%). In terms of maximum drawdown, UCRD dropped -22.37% vs UBND's -16.53%.

Which ETF is better, UCRD or UBND?

On 3-year performance, UCRD leads with 5.71% vs 4.98% 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, UCRD or UBND?

Over the 3-year period, UCRD has performed better with a 5.71% return vs 4.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UCRD or UBND?

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

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

UBND has the higher dividend yield at 4.76%, compared with 4.17% for UCRD.

What is the main difference between UCRD and UBND?

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

Which has better risk-adjusted returns?

UBND currently has the higher Sharpe Ratio (1.63 vs 1.49), 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.