FTBD vs UBND
Fidelity Tactical Bond ETF vs VictoryShares Core Plus Bond ETF
Which is better, FTBD or UBND?
Nearly the same fund. UBND costs less.
UBND has a lower expense ratio. FTBD led over 1Y, 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 | FTBD | UBND |
|---|---|---|
| Expense Ratio | 0.55% | 0.40%Best |
| AUM | $37M | $1.9B |
| Dividend Yield | 5.68% | 5.07% |
| Holdings | 755 | 1,606 |
| YTD Return | -1.46%Best | -2.75% |
| 1Y Return | -1.51%Best | -2.33% |
| 3Y Return (annualized) | +5.55%Best | +4.98% |
| 5Y Return (annualized) | - | +0.24% |
| Volatility (annualized) | 5.9% | 5.3%Best |
| Max Drawdown | -7.0% | -5.7%Best |
| $10,000 over 3.7 years | $11,244Best | $11,152 |
| Fund Family | Fidelity Investments (US) | Victory Capital Management Inc. |
| Category | Fixed Income | Fixed Income |
| Style | Long Term High Quality | Long Term High Quality |
| Inception | Jan 24, 2023 | Oct 4, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Jan 26, 2023 to Oct 14, 2026 (3.7 years).
FTBD vs UBND 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 3.7 years both funds cover.
FTBD vs UBND Performance
Fidelity Tactical Bond ETF (FTBD) is an ETF from Fidelity Investments (US) and VictoryShares Core Plus Bond ETF (UBND) is an ETF from Victory Capital Management Inc.. Over the past year FTBD returned -1.51% while UBND returned -2.33%. Year to date, FTBD is down 1.46% versus a loss of 2.75% for UBND.
Over three years, FTBD compounded at +5.55% per year against +4.98% for UBND. Across the full 4-year window we track, FTBD has the edge at +3.22% annualized vs +2.99%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FTBD has been the more volatile fund, with annualized monthly volatility of 5.9% compared with 5.3% for UBND. 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 -7.0% for FTBD and -5.7% for UBND. 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
FTBD charges 0.55% per year while UBND charges 0.40%. On a $10,000 position that is $55 vs $40 annually, a gap of $15 per year that compounds over a long holding period. On income, FTBD currently yields 5.68% against 5.07% for UBND.
Holdings Overlap
We hold position weights for 136 holdings in FTBD and 266 in UBND, totalling 39.1% and 12.9% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 2 positions appear in both.
2 positions in common, counted across the 136 positions we hold weights for in FTBD and 266 in UBND, against full books of 755 and 1,606.
Top Shared Holdings
| Stock | Weight in FTBD | Weight in UBND | Difference |
|---|---|---|---|
| BURLN 7.5 07/15/33 1Burford Capital 7.5% 07/15/33 7.5 2033-07-15 | 0.02% | 0.11% | 0.09% |
| XYZ 6.5 05/15/32Block Inc Sr Unsecured 05/32 6.5 | 0.06% | 0.01% | 0.05% |
You are not choosing between two funds in isolation.
Whichever of FTBD and UBND 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, FTBD or UBND?
FTBD has an expense ratio of 0.55% while UBND charges 0.40%. UBND is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, FTBD or UBND?
Over the past year FTBD returned -1.51% vs -2.33% for UBND, so FTBD leads on 1-year performance. Over the longest common window we track (4 years), FTBD annualized +3.22% vs +2.99% for UBND. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FTBD or UBND?
FTBD has been the more volatile fund at 5.9% annualized versus 5.3% for UBND. Worst drawdown: FTBD -7.0% vs UBND -5.7%.
Should I hold both FTBD and UBND?
FTBD and UBND 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.
Which pays a higher dividend, FTBD or UBND?
FTBD yields 5.68% while UBND yields 5.07%, so FTBD currently pays the higher dividend yield.
Is UBND better than FTBD?
UBND has a lower expense ratio. FTBD led over 1Y, 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.