VBND vs. PPTY
VBND (Vident U.S. Bond Strategy ETF) and PPTY (US Diversified Real Estate ETF) are both exchange-traded funds - VBND is a Intermediate Core-Plus Bond fund tracking the Vident Core U.S. Bond Strategy Index, while PPTY is a REIT fund tracking the USREX - U.S. Diversified Real Estate Index. Both are passively managed. Over the past 5 years, VBND returned 0.55%/yr vs 2.22%/yr for PPTY. At a 0.20 correlation, their price movements are largely independent. VBND charges 0.41%/yr vs 0.49%/yr for PPTY.
Performance
VBND vs. PPTY - Performance Comparison
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Returns By Period
In the year-to-date period, VBND achieves a 0.55% return, which is significantly lower than PPTY's 9.21% return.
VBND
- 1D
- 0.11%
- 1M
- 0.49%
- YTD
- 0.55%
- 6M
- 1.02%
- 1Y
- 6.14%
- 3Y*
- 4.80%
- 5Y*
- 0.55%
- 10Y*
- 1.60%
PPTY
- 1D
- 0.63%
- 1M
- 0.62%
- YTD
- 9.21%
- 6M
- 8.45%
- 1Y
- 10.29%
- 3Y*
- 8.94%
- 5Y*
- 2.22%
- 10Y*
- —
VBND vs. PPTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VBND Vident U.S. Bond Strategy ETF | 0.55% | 7.31% | 1.26% | 8.16% | -14.18% | -0.43% | 5.37% | 9.50% | 1.10% |
PPTY US Diversified Real Estate ETF | 9.21% | -3.47% | 9.85% | 12.66% | -26.10% | 40.36% | -7.25% | 30.19% | 4.07% |
Correlation
The correlation between VBND and PPTY is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2018 | 0.20 |
The correlation between VBND and PPTY shifts across timeframes, from 0.20 (all time) to 0.32 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VBND vs. PPTY — Risk / Return Rank
VBND
PPTY
VBND vs. PPTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vident U.S. Bond Strategy ETF (VBND) and US Diversified Real Estate ETF (PPTY). 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 | PPTY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 0.76 | +0.66 |
Sortino ratioReturn per unit of downside risk | 2.14 | 1.12 | +1.01 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.14 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.01 | 1.27 | +0.74 |
Martin ratioReturn relative to average drawdown | 5.43 | 3.66 | +1.77 |
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 | PPTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 0.76 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.12 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.31 | +0.01 |
Drawdowns
VBND vs. PPTY - Drawdown Comparison
The maximum VBND drawdown since its inception was -18.97%, smaller than the maximum PPTY drawdown of -41.69%. Use the drawdown chart below to compare losses from any high point for VBND and PPTY.
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Drawdown Indicators
| VBND | PPTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.97% | -41.69% | +22.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -8.09% | +5.27% |
Max Drawdown (3Y)Largest decline over 3 years | -4.60% | -21.06% | +16.46% |
Max Drawdown (5Y)Largest decline over 5 years | -18.97% | -32.37% | +13.40% |
Max Drawdown (10Y)Largest decline over 10 years | -18.97% | — | — |
Current DrawdownCurrent decline from peak | -0.71% | -3.78% | +3.07% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -11.35% | +7.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 2.80% | -1.75% |
Volatility
VBND vs. PPTY - Volatility Comparison
The current volatility for Vident U.S. Bond Strategy ETF (VBND) is 1.51%, while US Diversified Real Estate ETF (PPTY) has a volatility of 3.97%. This indicates that VBND experiences smaller price fluctuations and is considered to be less risky than PPTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBND | PPTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 3.97% | -2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 9.39% | -6.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 13.63% | -9.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.12% | 18.57% | -12.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 21.92% | -16.47% |
VBND vs. PPTY - Expense Ratio Comparison
VBND has a 0.41% expense ratio, which is lower than PPTY's 0.49% expense ratio.
Dividends
VBND vs. PPTY - Dividend Comparison
VBND's dividend yield for the trailing twelve months is around 4.22%, more than PPTY's 2.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPTY US Diversified Real Estate ETF | 2.66% | 3.04% | 3.29% | 4.08% | 4.29% | 2.87% | 3.43% | 3.30% | 1.97% | 0.00% | 0.00% | 0.00% |
VBND Vident U.S. Bond Strategy ETF | 4.22% | 4.22% | 4.41% | 3.88% | 2.55% | 1.56% | 1.98% | 3.14% | 2.82% | 2.00% | 3.12% | 1.49% |
Frequently Asked Questions
VBND and PPTY have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PPTY has higher volatility (3.97%) compared to VBND (1.51%). In terms of maximum drawdown, VBND dropped -18.97% vs PPTY's -41.69%.
On 5-year performance, PPTY leads with 2.22% vs 0.55% for VBND. On fees, VBND is cheaper at 0.41% per year. On volatility, VBND has been the lower-risk option at 1.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PPTY has performed better with a 2.22% return vs 0.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VBND is cheaper with a 0.41% expense ratio, compared with 0.49% for PPTY.
VBND has the higher dividend yield at 4.22%, compared with 2.66% for PPTY.
VBND is categorized as Intermediate Core-Plus Bond, while PPTY is REIT. VBND tracks Vident Core U.S. Bond Strategy Index, while PPTY tracks USREX - U.S. Diversified Real Estate Index. Their fees differ too: 0.41% for VBND and 0.49% for PPTY.
VBND currently has the higher Sharpe Ratio (1.41 vs 0.76), 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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