VBND vs. CAAA
Compare and contrast key facts about Vident U.S. Bond Strategy ETF (VBND) and First Trust Commercial Mortgage Opportunities ETF (CAAA).
VBND and CAAA 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. CAAA is an actively managed fund by First Trust. It was launched on Feb 26, 2024.
Performance
VBND vs. CAAA - Performance Comparison
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VBND vs. CAAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VBND Vident U.S. Bond Strategy ETF | -0.88% | 7.31% | 2.60% |
CAAA First Trust Commercial Mortgage Opportunities ETF | 0.17% | 8.03% | 4.65% |
Returns By Period
In the year-to-date period, VBND achieves a -0.88% return, which is significantly lower than CAAA's 0.17% 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%
CAAA
- 1D
- 0.22%
- 1M
- -1.28%
- YTD
- 0.17%
- 6M
- 1.67%
- 1Y
- 5.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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VBND vs. CAAA - Expense Ratio Comparison
VBND has a 0.41% expense ratio, which is lower than CAAA's 0.55% expense ratio.
Return for Risk
VBND vs. CAAA — Risk / Return Rank
VBND
CAAA
VBND vs. CAAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vident U.S. Bond Strategy ETF (VBND) and First Trust Commercial Mortgage Opportunities ETF (CAAA). 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 | CAAA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 1.68 | -0.97 |
Sortino ratioReturn per unit of downside risk | 1.00 | 2.43 | -1.43 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.31 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 2.75 | -1.45 |
Martin ratioReturn relative to average drawdown | 3.13 | 9.74 | -6.61 |
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
| VBND | CAAA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 1.68 | -0.97 |
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 | 1.91 | -1.62 |
Correlation
The correlation between VBND and CAAA is 0.66, 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. CAAA - Dividend Comparison
VBND's dividend yield for the trailing twelve months is around 4.17%, less than CAAA's 5.68% 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% |
CAAA First Trust Commercial Mortgage Opportunities ETF | 5.68% | 6.09% | 4.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VBND vs. CAAA - Drawdown Comparison
The maximum VBND drawdown since its inception was -18.97%, which is greater than CAAA's maximum drawdown of -2.24%. Use the drawdown chart below to compare losses from any high point for VBND and CAAA.
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Drawdown Indicators
| VBND | CAAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.97% | -2.24% | -16.73% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -2.08% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -18.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -18.97% | — | — |
Current DrawdownCurrent decline from peak | -2.13% | -1.42% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -0.52% | -3.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 0.59% | +0.59% |
Volatility
VBND vs. CAAA - Volatility Comparison
Vident U.S. Bond Strategy ETF (VBND) has a higher volatility of 1.48% compared to First Trust Commercial Mortgage Opportunities ETF (CAAA) at 1.20%. This indicates that VBND's price experiences larger fluctuations and is considered to be riskier than CAAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBND | CAAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.20% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 2.20% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.87% | 3.34% | +1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.10% | 3.23% | +2.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 3.23% | +2.22% |