Data as of Oct 28, 2026.

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APCB vs BSV: Differences, Returns & Fees

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APCB's duration was 4.1 years on Aug 31, 2026 and BSV's 2.5 on Jun 30, 2026; BSV charges 0.03% to APCB's 0.36%.

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Net assets: $1.0bn on Aug 31, 2026 for ActivePassive Core Bond ETF, and $45.4bn on Sep 30, 2026 for Vanguard Short-Term Bond ETF.

At a glance
−1.4%
APCB total return, 1 year
+1.0%
BSV total return, 1 year
0.36%
APCB expense ratio
0.03%
BSV expense ratio

Pair scorecard

BSV costs 0.33 points a year less; their one-year returns differ by 2.4 points.

APCB vs BSV: Differences, Returns & Fees
MeasureAPCBBSV
Return
Total return, 1 year−1.4%+1.0%
Benchmark
What it tracksNo index, actively managedBloomberg U.S. 1-5 Year Government/Credit Float Adjusted Index
Cost and size
Expense ratio0.36%0.03%
Net assets, APCB as of Aug 31, 2026 and BSV as of Sep 30, 2026$1.0bn$45.4bn
Holdings
Holdings in common11%

Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method

Risk and return

May 12, 2023 to Oct 23, 2026 · 180 weekly returns
APCB BSV
Return
Total return edge BSV +9.5% +13.0%
Annualized edge BSV +2.6% +3.6%
Price return edge BSV −4.7% +0.1%
Risk
Volatility edge BSV 4.8% 2.3%
Max drawdown edge BSV −5.4% −1.7%
Risk-adjusted
Sharpe edge APCB −0.38 −0.44
Sortino edge APCB −0.53 −0.61
Calmar edge BSV 0.49 2.12
Reading

BSV returned more: +13.0% to +9.5%. BSV swung less: 2.3% to 4.8%. BSV fell less at its worst: −1.7% to −5.4%.

Full scorecard

9 measures, with how each is measured
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Risk and return: APCB vs BSV: Differences, Returns & Fees
MeasureAPCBBSVEdgeHow it is measured
Return
Total return+9.5%+13.0%BSVPrice change plus distributions, reinvested.
Annualized+2.6%+3.6%BSVTotal return as a yearly rate.
Price return−4.7%+0.1%BSVPrice change alone, distributions left out.
Risk
Volatility4.8%2.3%BSVSpread of weekly returns, annualized. Lower is steadier.
Downside deviation3.5%1.7%BSVLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−5.4%−1.7%BSVDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe−0.38−0.44APCBReturn above Treasury bills per unit of volatility.
Sortino−0.53−0.61APCBReturn above Treasury bills per unit of downside deviation.
Calmar0.492.12BSVAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 180 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

11%

By the books each fund has filed, APCB and BSV hold 11% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

0 half 100%

half

11% in common

Positions both hold · largest shared weight first APCB BSV
United States Treasury Note/Bond, due Aug 15, 2030 0.56% 0.75%
United States Treasury Note/Bond, due Mar 31, 2031 0.43% 0.56%
United States Treasury Note/Bond, due Nov 15, 2030 0.39% 0.79%
United States Treasury Note/Bond, due Mar 15, 2029 0.61% 0.37%
United States Treasury Note/Bond, due Feb 15, 2031 0.37% 0.77%
United States Treasury Note/Bond, due Jul 31, 2028 0.36% 0.48%
United States Treasury Note/Bond, due Mar 31, 2031 0.99% 0.36%
United States Treasury Note/Bond, due Jul 31, 2029 0.33% 0.72%
United States Treasury Note/Bond, due Feb 28, 2031 0.62% 0.33%
United States Treasury Note/Bond, due Dec 31, 2030 0.33% 0.33%
United States Treasury Note/Bond, due Dec 15, 2028 0.43% 0.30%
United States Treasury Note/Bond, due May 15, 2030 0.30% 0.55%
Only in one fund ↓
Only in APCB
iShares MBS ETF 12.04%
Vanguard Total International Bond ETF 9.73%
iShares Core U.S. Aggregate Bond ETF 4.15%
United States Treasury Note/Bond, due May 15, 2034 1.39%
United States Treasury Note/Bond, due Aug 15, 2033 0.71%
United States Treasury Note/Bond, due Jan 31, 2033 0.57%
United States Treasury Note/Bond, due Aug 15, 2035 0.56%
United States Treasury Note/Bond, due Nov 15, 2035 0.50%
Only in BSV
US TREASURY N/B, due Jan 31, 2028 1.12%
US TREASURY N/B, due Dec 31, 2027 0.89%
US TREASURY N/B, due Jul 15, 2027 0.80%
US TREASURY N/B, due Dec 31, 2029 0.77%
US TREASURY N/B, due Jul 31, 2027 0.75%
US TREASURY N/B, due Nov 30, 2027 0.75%
US TREASURY N/B, due Oct 31, 2027 0.75%
US TREASURY N/B, due Aug 31, 2027 0.75%
Check overlap with more funds →

Side by side

APCB ActivePassive Core Bond ETF BSV Vanguard Short-Term Bond ETF
Where it sits Bond ETF Bond ETF
What it is Actively managed Tracks an index of Short-Term Bond
Total return, 1 year −1.4% +1.0%
Its benchmark over the same days −1.4% (AGG) not measured
Gap to its benchmark 0.0 pts vs AGG not measured
Expense ratio 0.36% 0.03%
Holdings 1890 3157
Net assets, APCB as of Aug 31, 2026 and BSV as of Sep 30, 2026 $1.0bn $45.4bn

APCB and BSV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-E9BA006743

APCB and BSV are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. APCB follows No index, actively managed and BSV follows Bloomberg U.S. 1-5 Year Government/Credit Float Adjusted Index.
  2. Holdings in common. 11% of the weight is in the same securities (holdings dated Aug 31, 2026 and Jun 30, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 APCB returned −1.4% and BSV +1.0% with distributions reinvested, a gap of 2.4 points.

Data as of Oct 28, 2026.

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About each fund
APCB

APCB is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −1.4% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Total Return Index. The prospectus expense ratio is 0.36% a year.

BSV

BSV tracks an index of Short-Term Bond. Over the year to Oct 28, 2026 it returned +1.0% with distributions reinvested. The prospectus expense ratio is 0.03% a year.

Questions people ask

Which returned more over the last year, APCB or BSV?
In the year to Oct 28, 2026, with distributions reinvested, APCB returned −1.4% and BSV +1.0%.
Which is cheaper, APCB or BSV?
BSV is cheaper, by 0.33 percentage points a year. That is about $33 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, APCB against BSV, data as of Oct 28, 2026. https://etfiq.com/compare/any/apcb-vs-bsv

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