APCB vs BNDC
ActivePassive Core Bond ETF vs Northern Trust Core Bond ETF
Which is better, APCB or BNDC?
Nearly the same fund. APCB costs less.
APCB has a lower expense ratio. APCB led over 1Y, BNDC over 3Y and the full window. The two have moved almost in lockstep, correlation 0.99.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | APCB | BNDC |
|---|---|---|
| Expense Ratio | 0.36%Best | 0.38% |
| AUM | $989M | $165M |
| Dividend Yield | 4.44% | 4.33% |
| Holdings | 3,770 | 16 |
| YTD Return | -2.08%Best | -2.88% |
| 1Y Return | -1.94%Best | -2.81% |
| 3Y Return (annualized) | +3.95% | +4.23%Best |
| 5Y Return (annualized) | - | -0.95% |
| Volatility (annualized) | 5.2%Best | 5.6% |
| Max Drawdown | -6.4%Best | -7.4% |
| $10,000 over 3.4 years | $10,632 | $10,640Best |
| Fund Family | Envestnet Asset Management | Northern Trust Asset Management |
| Category | Fixed Income | Fixed Income |
| Inception | May 3, 2023 | Nov 18, 2016 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: May 3, 2023 to Oct 14, 2026 (3.4 years).
APCB vs BNDC growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.4 years both funds cover.
APCB vs BNDC Performance
ActivePassive Core Bond ETF (APCB) is an ETF from Envestnet Asset Management and Northern Trust Core Bond ETF (BNDC) is an ETF from Northern Trust Asset Management. Over the past year APCB returned -1.94% while BNDC returned -2.81%. Year to date, APCB is down 2.08% versus a loss of 2.88% for BNDC.
Over three years, APCB compounded at +3.95% per year against +4.23% for BNDC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BNDC has been the more volatile fund, with annualized monthly volatility of 5.6% compared with 5.2% for APCB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -6.4% for APCB and -7.4% for BNDC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
APCB charges 0.36% per year while BNDC charges 0.38%. On a $10,000 position that is $36 vs $38 annually, a gap of $2 per year that compounds over a long holding period. On income, APCB currently yields 4.44% against 4.33% for BNDC.
Holdings Overlap
At least 12.6% of BNDC's money is in holdings APCB also owns.
Stated as a floor: for APCB, our book for it covers 75.9% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
BNDC and APCB share little of their money.
1 positions in common, counted across the 1,221 positions we hold weights for in APCB and 7 in BNDC, against full books of 3,770 and 16.
Top Shared Holdings
| Stock | Weight in APCB | Weight in BNDC | Difference |
|---|---|---|---|
| MBBIshares Mbs ETF | 11.84% | 12.58% | 0.74% |
You are not choosing between two funds in isolation.
Whichever of APCB and BNDC you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, APCB or BNDC?
APCB has an expense ratio of 0.36% while BNDC charges 0.38%. APCB is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, APCB or BNDC?
Over the past year APCB returned -1.94% vs -2.81% for BNDC, so APCB leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, APCB or BNDC?
BNDC has been the more volatile fund at 5.6% annualized versus 5.2% for APCB. Worst drawdown: APCB -6.4% vs BNDC -7.4%.
Should I hold both APCB and BNDC?
APCB and BNDC have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between APCB and BNDC?
At least 12.6% of BNDC's money is in holdings APCB also owns. Our book for APCB is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 1,221 positions we hold weights for in APCB and 7 in BNDC.
Which pays a higher dividend, APCB or BNDC?
APCB yields 4.44% while BNDC yields 4.33%, so APCB currently pays the higher dividend yield.
Is BNDC better than APCB?
APCB has a lower expense ratio. APCB led over 1Y, BNDC over 3Y and the full window. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.