ZHOG vs. BNDP

Last updated Jun 4, 2026

ZHOG (F/m Opportunistic Income ETF) and BNDP (Vanguard Core-Plus Bond Index ETF) are both Intermediate Core-Plus Bond funds. ZHOG is actively managed, while BNDP is passively managed. A 0.76 correlation means they provide meaningful diversification when combined. ZHOG charges 0.43%/yr vs 0.05%/yr for BNDP.

Performance

ZHOG vs. BNDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in F/m Opportunistic Income ETF (ZHOG) and Vanguard Core-Plus Bond Index ETF (BNDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZHOG achieves a 0.77% return, which is significantly higher than BNDP's 0.34% return.

ZHOG

• 1D: -0.05%
• 1M: 0.18%
• YTD: 0.77%
• 6M: 1.11%
• 1Y: 5.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNDP

• 1D: -0.08%
• 1M: 0.41%
• YTD: 0.34%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ZHOG vs. BNDP - Yearly Performance Comparison

	2026 (YTD)	2025
ZHOG F/m Opportunistic Income ETF	0.77%	0.38%
BNDP Vanguard Core-Plus Bond Index ETF	0.34%	0.10%

Correlation

The correlation between ZHOG and BNDP is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 5, 2025	0.76

Return for Risk

ZHOG vs. BNDP — Risk / Return Rank

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

ZHOG

ZHOG Risk / Return Rank: 90
ZHOG Sharpe Ratio Rank: 93
ZHOG Sortino Ratio Rank: 96
ZHOG Omega Ratio Rank: 95
ZHOG Calmar Ratio Rank: 82
ZHOG Martin Ratio Rank: 87

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.

ZHOG vs. BNDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Opportunistic Income ETF (ZHOG) and Vanguard Core-Plus Bond Index ETF (BNDP). 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.

	ZHOG	BNDP	Difference
Sharpe ratio: Return per unit of total volatility	3.50	—	—
Sortino ratio: Return per unit of downside risk	5.53	—	—
Omega ratio: Gain probability vs. loss probability	1.72	—	—
Calmar ratio: Return relative to maximum drawdown	4.25	—	—
Martin ratio: Return relative to average drawdown	18.40	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ZHOG	BNDP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.62	0.25	+1.38

Drawdowns

ZHOG vs. BNDP - Drawdown Comparison

The maximum ZHOG drawdown since its inception was -3.66%, which is greater than BNDP's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for ZHOG and BNDP.

Drawdown Indicators

	ZHOG	BNDP	Difference
Max Drawdown Largest peak-to-trough decline	-3.66%	-2.60%	-1.06%
Max Drawdown (1Y) Largest decline over 1 year	-1.31%	—	—
Current Drawdown Current decline from peak	-0.08%	-1.31%	+1.23%
Average Drawdown Average peak-to-trough decline	-0.70%	-0.86%	+0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.30%	—	—

Volatility

Volatility by Period

	ZHOG	BNDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.59%	3.63%	-2.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.01%	3.63%	+0.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.01%	3.63%	+0.38%

ZHOG vs. BNDP - Expense Ratio Comparison

ZHOG has a 0.43% expense ratio, which is higher than BNDP's 0.05% expense ratio.

Dividends

ZHOG vs. BNDP - Dividend Comparison

ZHOG's dividend yield for the trailing twelve months is around 5.11%, more than BNDP's 2.08% yield.

Position	TTM	2025	2024	2023
BNDP Vanguard Core-Plus Bond Index ETF	2.08%	0.24%	0.00%	0.00%
ZHOG F/m Opportunistic Income ETF	5.11%	5.35%	5.50%	1.70%

Frequently Asked Questions

Can I hold both ZHOG and BNDP in my portfolio?

ZHOG and BNDP have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ZHOG or BNDP?

On fees, BNDP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZHOG or BNDP?

BNDP is cheaper with a 0.05% expense ratio, compared with 0.43% for ZHOG.

Which ETF pays a higher dividend yield, ZHOG or BNDP?

ZHOG has the higher dividend yield at 5.11%, compared with 2.08% for BNDP.

What is the main difference between ZHOG and BNDP?

They also come from different issuers: F/m Investments and Vanguard. Their fees differ too: 0.43% for ZHOG and 0.05% for BNDP.