UFIV vs. VCEB
UFIV (F/m US Treasury 5 Year Note ETF) and VCEB (Vanguard ESG U.S. Corporate Bond ETF) are both exchange-traded funds - UFIV is a Government Bonds fund tracking the ICE BofA Current 5-Year US Treasury Index - Benchmark TR Gross, while VCEB is a Corporate Bonds fund tracking the Bloomberg Barclays MSCI US Corp SRI Select Index. Both are passively managed. Over the past 3 years, UFIV returned 3.39%/yr vs 5.34%/yr for VCEB. Their correlation of 0.85 suggests significant overlap in exposure. UFIV charges 0.15%/yr vs 0.12%/yr for VCEB.
Performance
UFIV vs. VCEB - Performance Comparison
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Returns By Period
In the year-to-date period, UFIV achieves a -0.46% return, which is significantly lower than VCEB's 0.56% return.
UFIV
- 1D
- -0.11%
- 1M
- 0.06%
- YTD
- -0.46%
- 6M
- -0.17%
- 1Y
- 2.84%
- 3Y*
- 3.39%
- 5Y*
- —
- 10Y*
- —
VCEB
- 1D
- -0.07%
- 1M
- 0.67%
- YTD
- 0.56%
- 6M
- 1.06%
- 1Y
- 5.13%
- 3Y*
- 5.34%
- 5Y*
- 0.38%
- 10Y*
- —
UFIV vs. VCEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UFIV F/m US Treasury 5 Year Note ETF | -0.46% | 6.89% | 1.09% | 1.80% |
VCEB Vanguard ESG U.S. Corporate Bond ETF | 0.56% | 7.48% | 2.23% | 5.59% |
Correlation
The correlation between UFIV and VCEB is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2023 | 0.85 |
The correlation between UFIV and VCEB has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.
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Return for Risk
UFIV vs. VCEB — Risk / Return Rank
UFIV
VCEB
UFIV vs. VCEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/m US Treasury 5 Year Note ETF (UFIV) and Vanguard ESG U.S. Corporate Bond ETF (VCEB). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UFIV | VCEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.19 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 1.65 | -0.67 |
| Martin ratioReturn relative to average drawdown | 2.76 | 5.02 | -2.26 |
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Drawdowns
UFIV vs. VCEB - Drawdown Comparison
The maximum UFIV drawdown since its inception was -5.63%, smaller than the maximum VCEB drawdown of -21.60%. Use the drawdown chart below to compare losses from any high point for UFIV and VCEB.
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Drawdown Indicators
| UFIV | VCEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.63% | -21.60% | +15.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -2.82% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -4.03% | -6.09% | +2.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.39% | — |
Current DrawdownCurrent decline from peak | -1.94% | -0.81% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -1.56% | -7.60% | +6.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.93% | +0.04% |
Volatility
UFIV vs. VCEB - Volatility Comparison
The current volatility for F/m US Treasury 5 Year Note ETF (UFIV) is 1.06%, while Vanguard ESG U.S. Corporate Bond ETF (VCEB) has a volatility of 1.43%. This indicates that UFIV experiences smaller price fluctuations and is considered to be less risky than VCEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UFIV | VCEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.43% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 3.21% | -0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.16% | 4.22% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.37% | 6.84% | -2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.37% | 6.65% | -2.28% |
UFIV vs. VCEB - Expense Ratio Comparison
UFIV has a 0.15% expense ratio, which is higher than VCEB's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
UFIV vs. VCEB - Dividend Comparison
UFIV's dividend yield for the trailing twelve months is around 3.57%, less than VCEB's 4.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
UFIV F/m US Treasury 5 Year Note ETF | 3.57% | 3.66% | 4.00% | 2.96% | 0.00% | 0.00% | 0.00% |
VCEB Vanguard ESG U.S. Corporate Bond ETF | 4.64% | 4.57% | 4.47% | 3.70% | 2.84% | 1.69% | 0.43% |
Frequently Asked Questions
UFIV and VCEB have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VCEB has higher volatility (1.43%) compared to UFIV (1.06%). In terms of maximum drawdown, UFIV dropped -5.63% vs VCEB's -21.60%.
On 3-year performance, VCEB leads with 5.34% vs 3.39% for UFIV. On fees, VCEB is cheaper at 0.12% per year. On volatility, UFIV has been the lower-risk option at 1.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VCEB has performed better with a 5.34% return vs 3.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCEB is cheaper with a 0.12% expense ratio, compared with 0.15% for UFIV.
VCEB has the higher dividend yield at 4.64%, compared with 3.57% for UFIV.
UFIV is categorized as Government Bonds, while VCEB is Corporate Bonds. UFIV tracks ICE BofA Current 5-Year US Treasury Index - Benchmark TR Gross, while VCEB tracks Bloomberg Barclays MSCI US Corp SRI Select Index. They also come from different issuers: US Benchmark Series and Vanguard. Their fees differ too: 0.15% for UFIV and 0.12% for VCEB.
VCEB currently has the higher Sharpe Ratio (1.11 vs 0.85), 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.
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