VBND vs. BNDS

Last updated Apr 1, 2026

Compare and contrast key facts about Vident U.S. Bond Strategy ETF (VBND) and Infrastructure Capital Bond Income ETF (BNDS).

VBND and BNDS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VBND is a passively managed fund by Vident that tracks the performance of the Vident Core U.S. Bond Strategy Index. It was launched on Oct 15, 2014. BNDS is an actively managed fund by InfraCap. It was launched on Jan 15, 2025.

Performance

VBND vs. BNDS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vident U.S. Bond Strategy ETF (VBND) and Infrastructure Capital Bond Income ETF (BNDS). The values are adjusted to include any dividend payments, if applicable.

VBND vs. BNDS - Yearly Performance Comparison

	2026 (YTD)	2025
VBND Vident U.S. Bond Strategy ETF	-0.88%	7.28%
BNDS Infrastructure Capital Bond Income ETF	0.75%	8.30%

Returns By Period

In the year-to-date period, VBND achieves a -0.88% return, which is significantly lower than BNDS's 0.75% return.

VBND

• 1D: 0.13%
• 1M: -2.13%
• YTD: -0.88%
• 6M: 0.08%
• 1Y: 3.41%
• 3Y*: 3.98%
• 5Y*: 0.44%
• 10Y*: 1.53%

BNDS

• 1D: 0.50%
• 1M: -2.04%
• YTD: 0.75%
• 6M: 1.75%
• 1Y: 9.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VBND vs. BNDS - Expense Ratio Comparison

VBND has a 0.41% expense ratio, which is lower than BNDS's 0.81% expense ratio.

BNDS

Infrastructure Capital Bond Income ETF

VBND

Vident U.S. Bond Strategy ETF

Return for Risk

VBND vs. BNDS — Risk / Return Rank

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

VBND

VBND Risk / Return Rank: 38
VBND Sharpe Ratio Rank: 38
VBND Sortino Ratio Rank: 35
VBND Omega Ratio Rank: 31
VBND Calmar Ratio Rank: 51
VBND Martin Ratio Rank: 35

BNDS

BNDS Risk / Return Rank: 77
BNDS Sharpe Ratio Rank: 82
BNDS Sortino Ratio Rank: 81
BNDS Omega Ratio Rank: 89
BNDS Calmar Ratio Rank: 64
BNDS Martin Ratio Rank: 69

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.

VBND vs. BNDS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vident U.S. Bond Strategy ETF (VBND) and Infrastructure Capital Bond Income ETF (BNDS). 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.

	VBND	BNDS	Difference
Sharpe ratio Return per unit of total volatility	0.70	1.61	-0.91
Sortino ratio Return per unit of downside risk	1.00	2.15	-1.16
Omega ratio Gain probability vs. loss probability	1.12	1.38	-0.26
Calmar ratio Return relative to maximum drawdown	1.31	1.69	-0.38
Martin ratio Return relative to average drawdown	3.13	7.27	-4.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VBND vs. BNDS - Sharpe Ratio Comparison

The current VBND Sharpe Ratio is 0.70, which is lower than the BNDS Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of VBND and BNDS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VBND	BNDS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	1.61	-0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	1.38	-1.08

Correlation

The correlation between VBND and BNDS is 0.41, 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

VBND vs. BNDS - Dividend Comparison

VBND's dividend yield for the trailing twelve months is around 4.17%, less than BNDS's 8.11% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VBND Vident U.S. Bond Strategy ETF	4.17%	4.22%	4.41%	3.88%	2.55%	1.56%	1.98%	3.14%	2.82%	2.00%	3.12%	1.49%
BNDS Infrastructure Capital Bond Income ETF	8.11%	7.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

VBND vs. BNDS - Drawdown Comparison

The maximum VBND drawdown since its inception was -18.97%, which is greater than BNDS's maximum drawdown of -6.96%. Use the drawdown chart below to compare losses from any high point for VBND and BNDS.

Drawdown Indicators

	VBND	BNDS	Difference
Max Drawdown Largest peak-to-trough decline	-18.97%	-6.96%	-12.01%
Max Drawdown (1Y) Largest decline over 1 year	-2.82%	-5.44%	+2.62%
Max Drawdown (5Y) Largest decline over 5 years	-18.97%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-18.97%	—	—
Current Drawdown Current decline from peak	-2.13%	-2.63%	+0.50%
Average Drawdown Average peak-to-trough decline	-4.25%	-0.88%	-3.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.18%	1.26%	-0.08%

Volatility

VBND vs. BNDS - Volatility Comparison

The current volatility for Vident U.S. Bond Strategy ETF (VBND) is 1.48%, while Infrastructure Capital Bond Income ETF (BNDS) has a volatility of 1.86%. This indicates that VBND experiences smaller price fluctuations and is considered to be less risky than BNDS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VBND	BNDS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.48%	1.86%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	2.91%	2.73%	+0.18%
Volatility (1Y) Calculated over the trailing 1-year period	4.87%	5.82%	-0.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.10%	5.48%	+0.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.45%	5.48%	-0.03%