VPLS vs. UBND

Last updated Jun 4, 2026

VPLS (Vanguard Core-Plus Bond ETF) and UBND (VictoryShares Core Plus Intermediate Bond ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past year, VPLS returned 5.91% vs 5.64% for UBND. Their correlation of 0.95 suggests significant overlap in exposure. VPLS charges 0.20%/yr vs 0.40%/yr for UBND.

Performance

VPLS vs. UBND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Core-Plus Bond ETF (VPLS) and VictoryShares Core Plus Intermediate Bond ETF (UBND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VPLS achieves a 0.64% return, which is significantly higher than UBND's 0.23% return.

VPLS

• 1D: -0.21%
• 1M: 0.35%
• YTD: 0.64%
• 6M: 0.57%
• 1Y: 5.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UBND

• 1D: -0.18%
• 1M: 0.25%
• YTD: 0.23%
• 6M: 0.36%
• 1Y: 5.64%
• 3Y*: 4.91%
• 5Y*: —
• 10Y*: —

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

VPLS vs. UBND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VPLS Vanguard Core-Plus Bond ETF	0.64%	7.86%	2.72%	2.82%
UBND VictoryShares Core Plus Intermediate Bond ETF	0.23%	7.79%	3.04%	2.06%

Correlation

The correlation between VPLS and UBND 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 (All Time) Calculated using the full available price history since Dec 8, 2023	0.95

The correlation between VPLS and UBND has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.

Return for Risk

VPLS vs. UBND — Risk / Return Rank

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

VPLS

VPLS Risk / Return Rank: 45
VPLS Sharpe Ratio Rank: 46
VPLS Sortino Ratio Rank: 49
VPLS Omega Ratio Rank: 45
VPLS Calmar Ratio Rank: 43
VPLS Martin Ratio Rank: 43

UBND

UBND Risk / Return Rank: 45
UBND Sharpe Ratio Rank: 46
UBND Sortino Ratio Rank: 49
UBND Omega Ratio Rank: 45
UBND Calmar Ratio Rank: 44
UBND Martin Ratio Rank: 43

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.

VPLS vs. UBND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond ETF (VPLS) and VictoryShares Core Plus Intermediate Bond ETF (UBND). 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.

	VPLS	UBND	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.60	+0.03
Sortino ratio: Return per unit of downside risk	2.42	2.40	+0.02
Omega ratio: Gain probability vs. loss probability	1.29	1.29	0.00
Calmar ratio: Return relative to maximum drawdown	2.18	2.16	+0.02
Martin ratio: Return relative to average drawdown	7.10	6.89	+0.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VPLS vs. UBND - Sharpe Ratio Comparison

The current VPLS Sharpe Ratio is 1.63, which is comparable to the UBND Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of VPLS and UBND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VPLS	UBND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	1.60	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	0.16	+1.07

Drawdowns

VPLS vs. UBND - Drawdown Comparison

The maximum VPLS drawdown since its inception was -4.17%, smaller than the maximum UBND drawdown of -16.53%. Use the drawdown chart below to compare losses from any high point for VPLS and UBND.

Drawdown Indicators

	VPLS	UBND	Difference
Max Drawdown Largest peak-to-trough decline	-4.17%	-16.53%	+12.36%
Max Drawdown (1Y) Largest decline over 1 year	-2.72%	-2.62%	-0.10%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.07%	—
Current Drawdown Current decline from peak	-1.21%	-1.34%	+0.13%
Average Drawdown Average peak-to-trough decline	-1.01%	-5.45%	+4.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	0.82%	+0.01%

Volatility

VPLS vs. UBND - Volatility Comparison

Vanguard Core-Plus Bond ETF (VPLS) and VictoryShares Core Plus Intermediate Bond ETF (UBND) have volatilities of 1.27% and 1.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VPLS	UBND	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.27%	1.26%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	2.69%	2.42%	+0.27%
Volatility (1Y) Calculated over the trailing 1-year period	3.65%	3.53%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.61%	5.80%	-1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.61%	5.80%	-1.19%

VPLS vs. UBND - Expense Ratio Comparison

VPLS has a 0.20% expense ratio, which is lower than UBND's 0.40% expense ratio.

Dividends

VPLS vs. UBND - Dividend Comparison

VPLS's dividend yield for the trailing twelve months is around 4.76%, which matches UBND's 4.77% yield.

Position	TTM	2025	2024	2023	2022	2021
UBND VictoryShares Core Plus Intermediate Bond ETF	4.77%	4.56%	4.63%	4.37%	3.28%	0.28%
VPLS Vanguard Core-Plus Bond ETF	4.76%	4.78%	4.52%	0.18%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VPLS and UBND in my portfolio?

With a correlation of 0.95, VPLS and UBND 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.

Which is riskier, VPLS or UBND?

VPLS has higher volatility (1.27%) compared to UBND (1.26%). In terms of maximum drawdown, VPLS dropped -4.17% vs UBND's -16.53%.

Which ETF is better, VPLS or UBND?

On 1-year performance, VPLS leads with 5.91% vs 5.64% for UBND. On fees, VPLS is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VPLS or UBND?

Over the 1-year period, VPLS has performed better with a 5.91% return vs 5.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VPLS or UBND?

VPLS is cheaper with a 0.20% expense ratio, compared with 0.40% for UBND.

Which ETF pays a higher dividend yield, VPLS or UBND?

VPLS and UBND have nearly identical dividend yields, around 4.76%.

What is the main difference between VPLS and UBND?

They also come from different issuers: Vanguard and Victory. Their fees differ too: 0.20% for VPLS and 0.40% for UBND.

Which has better risk-adjusted returns?

VPLS currently has the higher Sharpe Ratio (1.63 vs 1.60), 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.