UITB vs. BNDW
UITB (VictoryShares Core Intermediate Bond ETF) and BNDW (Vanguard Total World Bond ETF) are both exchange-traded funds - UITB is a Intermediate Core Bond fund actively managed by Victory Capital, while BNDW is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted Composite Index. UITB is actively managed, while BNDW is passively managed. Over the past 5 years, UITB returned 0.56%/yr vs 0.22%/yr for BNDW. Their correlation of 0.89 suggests significant overlap in exposure. UITB charges 0.38%/yr vs 0.05%/yr for BNDW.
Performance
UITB vs. BNDW - Performance Comparison
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Returns By Period
In the year-to-date period, UITB achieves a 0.17% return, which is significantly lower than BNDW's 0.42% return.
UITB
- 1D
- -0.19%
- 1M
- 0.24%
- YTD
- 0.17%
- 6M
- 0.03%
- 1Y
- 5.06%
- 3Y*
- 4.33%
- 5Y*
- 0.56%
- 10Y*
- —
BNDW
- 1D
- -0.26%
- 1M
- 0.44%
- YTD
- 0.42%
- 6M
- 0.18%
- 1Y
- 3.51%
- 3Y*
- 3.99%
- 5Y*
- 0.22%
- 10Y*
- —
UITB vs. BNDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UITB VictoryShares Core Intermediate Bond ETF | 0.17% | 7.32% | 1.81% | 6.49% | -12.23% | -0.88% | 7.99% | 11.40% | -0.08% |
BNDW Vanguard Total World Bond ETF | 0.42% | 5.02% | 2.42% | 7.18% | -12.88% | -2.10% | 6.22% | 8.37% | 1.21% |
Correlation
The correlation between UITB and BNDW is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2018 | 0.89 |
The correlation between UITB and BNDW has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
UITB vs. BNDW — Risk / Return Rank
UITB
BNDW
UITB vs. BNDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares Core Intermediate Bond ETF (UITB) and Vanguard Total World Bond ETF (BNDW). 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.
| UITB | BNDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.18 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.31 | +0.51 |
| Martin ratioReturn relative to average drawdown | 5.57 | 3.70 | +1.87 |
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
| UITB | BNDW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.05 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.04 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.37 | +0.09 |
Drawdowns
UITB vs. BNDW - Drawdown Comparison
The maximum UITB drawdown since its inception was -17.02%, roughly equal to the maximum BNDW drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for UITB and BNDW.
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Drawdown Indicators
| UITB | BNDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.02% | -17.22% | +0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -2.70% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -5.44% | -4.27% | -1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -17.02% | -16.93% | -0.09% |
Current DrawdownCurrent decline from peak | -1.61% | -1.53% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -4.98% | +0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.95% | -0.04% |
Volatility
UITB vs. BNDW - Volatility Comparison
The current volatility for VictoryShares Core Intermediate Bond ETF (UITB) is 1.24%, while Vanguard Total World Bond ETF (BNDW) has a volatility of 1.31%. This indicates that UITB experiences smaller price fluctuations and is considered to be less risky than BNDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UITB | BNDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.31% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 2.62% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 3.36% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.64% | 5.21% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 4.90% | +0.08% |
UITB vs. BNDW - Expense Ratio Comparison
UITB has a 0.38% expense ratio, which is higher than BNDW's 0.05% expense ratio.
Dividends
UITB vs. BNDW - Dividend Comparison
UITB's dividend yield for the trailing twelve months is around 4.17%, which matches BNDW's 4.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BNDW Vanguard Total World Bond ETF | 4.21% | 4.12% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% | 0.00% |
UITB VictoryShares Core Intermediate Bond ETF | 4.17% | 4.04% | 3.89% | 3.14% | 2.32% | 1.95% | 2.79% | 3.01% | 2.99% | 0.50% |
Frequently Asked Questions
With a correlation of 0.95, UITB and BNDW 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.
BNDW has higher volatility (1.31%) compared to UITB (1.24%). In terms of maximum drawdown, UITB dropped -17.02% vs BNDW's -17.22%.
On 5-year performance, UITB leads with 0.56% vs 0.22% for BNDW. On fees, BNDW is cheaper at 0.05% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UITB has performed better with a 0.56% return vs 0.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BNDW is cheaper with a 0.05% expense ratio, compared with 0.38% for UITB.
BNDW has the higher dividend yield at 4.21%, compared with 4.17% for UITB.
UITB is categorized as Intermediate Core Bond, while BNDW is Global Bonds. They also come from different issuers: Victory Capital and Vanguard. Their fees differ too: 0.38% for UITB and 0.05% for BNDW.
UITB currently has the higher Sharpe Ratio (1.39 vs 1.05), 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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