Data as of Oct 28, 2026.
APCB vs USTB: Differences, Returns & Fees
APCB's duration was 4.1 years on Aug 31, 2026 and USTB's 1.9 on Jun 30, 2026; USTB charges 0.34% to APCB's 0.36%.
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Net assets: $1.0bn on Aug 31, 2026 for ActivePassive Core Bond ETF, and $2.2bn on Jun 30, 2026 for VictoryShares Short-Term Bond ETF.
Pair scorecard
USTB costs 0.02 points a year less; their one-year returns differ by 4.1 points.
| Measure | APCB | USTB |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.4% | +2.7% |
| Benchmark | ||
| What it tracks | No index, actively managed | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.36% | 0.34% |
| Net assets, APCB as of Aug 31, 2026 and USTB as of Jun 30, 2026 | $1.0bn | $2.2bn |
| Holdings | ||
| Holdings in common | 1% | |
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 returnsUSTB returned more: +20.6% to +9.5%. USTB swung less: 1.6% to 4.8%. USTB fell less at its worst: −0.7% to −5.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | APCB | USTB | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +9.5% | +20.6% | USTB | Price change plus distributions, reinvested. |
| Annualized | +2.6% | +5.6% | USTB | Total return as a yearly rate. |
| Price return | −4.7% | +2.4% | USTB | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 4.8% | 1.6% | USTB | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 3.5% | 1.0% | USTB | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −5.4% | −0.7% | USTB | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.38 | 0.51 | USTB | Return above Treasury bills per unit of volatility. |
| Sortino | −0.53 | 0.81 | USTB | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.49 | 7.44 | USTB | Annualized 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
By the books each fund has filed, APCB and USTB hold 1% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.
half
1% in common
Only in one fund ↓
Side by side
APCB and USTB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
APCB and USTB are built for the same job. How do they differ in cost, holdings and results?
- Holdings in common. 1% of the weight is in the same securities (holdings dated Aug 31, 2026 and Jun 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 APCB returned −1.4% and USTB +2.7% with distributions reinvested, a gap of 4.1 points.
- What each follows (similar). Both follow No index, actively managed.
Data as of Oct 28, 2026.
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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.
USTB
USTB is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +2.7% with distributions reinvested. The prospectus expense ratio is 0.34% a year.
Questions people ask
- Which returned more over the last year, APCB or USTB?
- In the year to Oct 28, 2026, with distributions reinvested, APCB returned −1.4% and USTB +2.7%.
- Which is cheaper, APCB or USTB?
- USTB is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, APCB against USTB, data as of Oct 28, 2026. https://etfiq.com/compare/any/apcb-vs-ustb
ETFIQ. (Oct 28, 2026). APCB against USTB. Retrieved from https://etfiq.com/compare/any/apcb-vs-ustb
[APCB against USTB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/apcb-vs-ustb)
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