WCPB vs. BYLD
WCPB (Weitz Core Plus Bond ETF) and BYLD (iShares Yield Optimized Bond ETF) are both Intermediate Core-Plus Bond funds. WCPB is actively managed, while BYLD is passively managed. Their 0.80 correlation means they have sometimes moved together and sometimes differently. WCPB charges 0.45%/yr vs 0.17%/yr for BYLD.
Performance
WCPB vs. BYLD - Performance Comparison
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Returns By Period
In the year-to-date period, WCPB achieves a 0.71% return, which is significantly higher than BYLD's 0.55% return.
WCPB
- 1D
- -0.38%
- 1M
- -1.26%
- 6M
- 0.12%
- YTD
- 0.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BYLD
- 1D
- -0.36%
- 1M
- -1.33%
- 6M
- 0.04%
- YTD
- 0.55%
- 1Y
- 4.16%
- 3Y*
- 5.91%
- 5Y*
- 1.81%
- 10Y*
- 2.77%
- ALL TIME*
- 2.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.10M | $1.48M | $2.72M | |
| $2.08M | $1.78M | $1.23M |
WCPB vs. BYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WCPB Weitz Core Plus Bond ETF | 0.71% | 3.01% |
BYLD iShares Yield Optimized Bond ETF | 0.55% | 2.98% |
Correlation
The correlation between WCPB and BYLD is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 13, 2025 | 0.80 |
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Return for Risk
WCPB vs. BYLD — Risk / Return Rank
WCPB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BYLD
WCPB vs. BYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Weitz Core Plus Bond ETF (WCPB) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WCPB | BYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.54 | — |
| Martin ratioReturn relative to average drawdown | — | 5.90 | — |
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Drawdowns
WCPB vs. BYLD - Drawdown Comparison
The maximum WCPB drawdown since its inception was -2.64%, smaller than the maximum BYLD drawdown of -14.75%. Use the drawdown chart below to compare losses from any high point for WCPB and BYLD.
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Drawdown Indicators
| WCPB | BYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.64% | -14.75% | +12.11% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.71% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.75% | — |
Current DrawdownCurrent decline from peak | -1.26% | -1.33% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -0.58% | -2.49% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.71% | — |
Volatility
WCPB vs. BYLD - Volatility Comparison
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Volatility by Period
| WCPB | BYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.85% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.08% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 3.81% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.86% | 5.21% | -1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.86% | 5.43% | -1.57% |
WCPB vs. BYLD - Expense Ratio Comparison
WCPB has a 0.45% expense ratio, which is higher than BYLD's 0.17% expense ratio.
Dividends
WCPB vs. BYLD - Dividend Comparison
WCPB's dividend yield for the trailing twelve months is around 3.60%, less than BYLD's 5.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BYLD iShares Yield Optimized Bond ETF | 5.42% | 5.32% | 5.31% | 4.45% | 3.39% | 2.18% | 3.41% | 3.67% | 4.22% | 3.22% | 3.14% | 3.37% |
WCPB Weitz Core Plus Bond ETF | 3.60% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WCPB and BYLD have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BYLD is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BYLD is cheaper with a 0.17% expense ratio, compared with 0.45% for WCPB.
BYLD has the higher dividend yield at 5.42%, compared with 3.60% for WCPB.
They also come from different issuers: Weitz and iShares. Their fees differ too: 0.45% for WCPB and 0.17% for BYLD.
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