VPLS vs. BYLD
Compare and contrast key facts about Vanguard Core-Plus Bond ETF (VPLS) and iShares Yield Optimized Bond ETF (BYLD).
VPLS and BYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VPLS is an actively managed fund by Vanguard. It was launched on Dec 7, 2023. BYLD is a passively managed fund by iShares that tracks the performance of the Morningstar U.S. Bond Market Yield-Optimized Index. It was launched on Apr 22, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VPLS or BYLD.
Key characteristics
| VPLS | BYLD | |
|---|---|---|
| YTD Return | 3.66% | 5.06% |
| Daily Std Dev | 5.19% | 4.79% |
| Max Drawdown | -3.05% | -14.75% |
| Current Drawdown | -2.26% | -0.85% |
Correlation
The correlation between VPLS and BYLD is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VPLS vs. BYLD - Performance Comparison
In the year-to-date period, VPLS achieves a 3.66% return, which is significantly lower than BYLD's 5.06% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VPLS vs. BYLD - Expense Ratio Comparison
Both VPLS and BYLD have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
VPLS vs. BYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond ETF (VPLS) and iShares Yield Optimized Bond ETF (BYLD). 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.
Not enough dataDividends
VPLS vs. BYLD - Dividend Comparison
VPLS's dividend yield for the trailing twelve months is around 3.83%, less than BYLD's 5.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
VPLS Vanguard Core-Plus Bond ETF | 3.83% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BYLD iShares Yield Optimized Bond ETF | 5.12% | 4.81% | 3.39% | 2.18% | 3.41% | 3.68% | 4.22% | 3.22% | 3.14% | 3.36% | 2.12% |
Drawdowns
VPLS vs. BYLD - Drawdown Comparison
The maximum VPLS drawdown since its inception was -3.05%, smaller than the maximum BYLD drawdown of -14.75%. Use the drawdown chart below to compare losses from any high point for VPLS and BYLD. For additional features, visit the drawdowns tool.
Volatility
VPLS vs. BYLD - Volatility Comparison
Vanguard Core-Plus Bond ETF (VPLS) has a higher volatility of 1.47% compared to iShares Yield Optimized Bond ETF (BYLD) at 1.26%. This indicates that VPLS's price experiences larger fluctuations and is considered to be riskier than BYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.