UNIY vs. BIV
UNIY (WisdomTree Voya Yield Enchanced USD Universal Bond Fund) and BIV (Vanguard Intermediate-Term Bond Index ETF) are both Intermediate Core Bond funds - UNIY tracks the Bloomberg US Universal Enhanced Yield Index while BIV tracks the Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Bond Index. Both are passively managed. Over the past 3 years, UNIY returned 4.59%/yr vs 4.34%/yr for BIV. With a 0.96 correlation, they move nearly in lockstep. UNIY charges 0.15%/yr vs 0.03%/yr for BIV.
Performance
UNIY vs. BIV - Performance Comparison
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Returns By Period
In the year-to-date period, UNIY achieves a 0.55% return, which is significantly higher than BIV's -0.11% return.
UNIY
- 1D
- 0.14%
- 1M
- 0.32%
- YTD
- 0.55%
- 6M
- 0.61%
- 1Y
- 5.12%
- 3Y*
- 4.59%
- 5Y*
- —
- 10Y*
- —
BIV
- 1D
- 0.13%
- 1M
- 0.04%
- YTD
- -0.11%
- 6M
- -0.10%
- 1Y
- 4.33%
- 3Y*
- 4.34%
- 5Y*
- 0.28%
- 10Y*
- 1.93%
UNIY vs. BIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UNIY WisdomTree Voya Yield Enchanced USD Universal Bond Fund | 0.55% | 7.37% | 1.86% | 3.90% |
BIV Vanguard Intermediate-Term Bond Index ETF | -0.11% | 8.52% | 1.57% | 3.72% |
Correlation
The correlation between UNIY and BIV is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2023 | 0.96 |
The correlation between UNIY and BIV has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
UNIY vs. BIV — Risk / Return Rank
UNIY
BIV
UNIY vs. BIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY) and Vanguard Intermediate-Term Bond Index ETF (BIV). 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.
| UNIY | BIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.19 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 1.37 | +0.66 |
| Martin ratioReturn relative to average drawdown | 6.31 | 4.13 | +2.18 |
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
| UNIY | BIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.08 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.04 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.65 | +0.20 |
Drawdowns
UNIY vs. BIV - Drawdown Comparison
The maximum UNIY drawdown since its inception was -6.27%, smaller than the maximum BIV drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for UNIY and BIV.
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Drawdown Indicators
| UNIY | BIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.27% | -18.95% | +12.68% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | -3.18% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -5.40% | -6.07% | +0.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.95% | — |
Current DrawdownCurrent decline from peak | -1.04% | -1.91% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -1.38% | -3.39% | +2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 1.05% | -0.24% |
Volatility
UNIY vs. BIV - Volatility Comparison
The current volatility for WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY) is 1.25%, while Vanguard Intermediate-Term Bond Index ETF (BIV) has a volatility of 1.36%. This indicates that UNIY experiences smaller price fluctuations and is considered to be less risky than BIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UNIY | BIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.36% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 2.90% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 4.06% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.85% | 6.40% | -1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 5.50% | -0.65% |
UNIY vs. BIV - Expense Ratio Comparison
UNIY has a 0.15% expense ratio, which is higher than BIV's 0.03% 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
UNIY vs. BIV - Dividend Comparison
UNIY's dividend yield for the trailing twelve months is around 4.85%, more than BIV's 4.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond Index ETF | 4.21% | 4.01% | 3.79% | 3.09% | 2.41% | 3.42% | 2.95% | 2.75% | 2.88% | 2.69% | 3.01% | 3.02% |
UNIY WisdomTree Voya Yield Enchanced USD Universal Bond Fund | 4.85% | 4.95% | 4.86% | 3.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, UNIY and BIV 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.
BIV has higher volatility (1.36%) compared to UNIY (1.25%). In terms of maximum drawdown, UNIY dropped -6.27% vs BIV's -18.95%.
On 3-year performance, UNIY leads with 4.59% vs 4.34% for BIV. On fees, BIV is cheaper at 0.03% per year. On volatility, UNIY has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UNIY has performed better with a 4.59% return vs 4.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIV is cheaper with a 0.03% expense ratio, compared with 0.15% for UNIY.
UNIY has the higher dividend yield at 4.85%, compared with 4.21% for BIV.
UNIY tracks Bloomberg US Universal Enhanced Yield Index, while BIV tracks Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Bond Index. They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 0.15% for UNIY and 0.03% for BIV.
UNIY currently has the higher Sharpe Ratio (1.40 vs 1.08), 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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