Which returned more over the last year, IBDX or UCON?

In the year to Oct 9, 2026, with distributions reinvested, IBDX returned −1.0% and UCON −0.7%.

Which is cheaper, IBDX or UCON?

IBDX is cheaper, by 0.76 percentage points a year. That is about $76 on $10,000 held for a year. Fees come from each fund's prospectus.

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IBDX vs UCON: Differences, Returns & Fees

IBDX's duration was 5.0 years on Jul 31, 2026 and UCON's 4.4 on May 31, 2026; IBDX charges 0.10% to UCON's 0.86%. Net assets on Oct 9, 2026: $1.8bn for iShares iBonds Dec 2032 Term Corporate ETF and $3.1bn for First Trust Smith Unconstrained Bond ETF.

IBDX costs 0.76 points a year less; their one-year returns differ by 0.3 points; UCON is 1.8 times larger.

IBDX vs UCON: Differences, Returns & Fees
	IBDX	UCON
Expense ratio	0.10%	0.86%
Net assets	$1.8bn	$3.1bn
Total return, 1 year	−1.0%	−0.7%
What it tracks	Bloomberg December 2032 Maturity Corporate Index	No index, actively managed
Holdings in common	0%
Below its high	3.7%, high on Feb 27, 2026	3.2%, high on Jun 29, 2026

Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.

−1.0%

IBDX total return, 1 year

−0.7%

UCON total return, 1 year

0.10%

IBDX expense ratio

0.86%

UCON expense ratio

What they hold in common

By the books each fund has filed, IBDX and UCON hold 0% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Jul 31, 2026.

50%

half

0% in common

Positions both hold, largest shared weight first

Holding IBDX UCON

Leidos, Inc., due Mar 15, 2032 0.15% 0.15%

Constellation Energy Generation LLC, due Jan 15, 2032 0.17% 0.08%

Pilgrim's Pride Corp., due Mar 1, 2032 0.25% 0.06%

Only in IBDX

Verizon Communications, Inc., due Mar 15, 2032 1.24%

Meta Platforms, Inc., due Nov 15, 2032 1.20%

AerCap Ireland Capital DAC, due Jan 30, 2032 1.14%

Oracle Corp., due Sep 26, 2032 0.85%

Meta Platforms, Inc., due Aug 15, 2032 0.85%

Amazon.com, Inc., due Apr 13, 2032 0.71%

Sprint Capital Corp., due Mar 15, 2032 0.69%

Amazon.com, Inc., due Dec 1, 2032 0.67%

Only in UCON

T 3.375 02/29/28, due Feb 29, 2028 2.33%

T 4.625 11/15/45, due Nov 15, 2045 2.13%

T 4.75 02/15/56, due Feb 15, 2056 2.12%

T 4.375 05/15/36, due May 15, 2036 1.69%

T 3.875 04/30/31, due Apr 30, 2031 1.18%

T 4.625 11/15/55, due Nov 15, 2055 1.04%

FN BM7755, due Jun 1, 2064 0.96%

BA 7.008 05/01/64, due May 1, 2064 0.81%

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On the same fields

IBDX

iShares iBonds Dec 2032 Term Corporate ETF

UCON

First Trust Smith Unconstrained Bond ETF

Where it sits Bond ETF Bond ETF

Issuer iShares First Trust

What it is Tracks an index Actively managed

Total return, 1 year −1.0% −0.7%

Expense ratio 0.10% 0.86%

Holdings 434 453

Net assets $1.8bn $3.1bn

IBDX and UCON on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About IBDX

IBDX tracks an index. Over the year to Oct 9, 2026 it returned −1.0% with distributions reinvested. The prospectus expense ratio is 0.10% a year. It sat 3.7% below its high of Feb 27, 2026 on Oct 9, 2026.

About UCON

UCON is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned −0.7% with distributions reinvested. The prospectus expense ratio is 0.86% a year. It sat 3.2% below its high of Jun 29, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, IBDX or UCON?: In the year to Oct 9, 2026, with distributions reinvested, IBDX returned −1.0% and UCON −0.7%.
Which is cheaper, IBDX or UCON?: IBDX is cheaper, by 0.76 percentage points a year. That is about $76 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

IBDX vs SPBO CGMS vs IBDX IBDX vs VTC IBDX vs SUSC IBDY vs UCON UCON vs USIG UCON vs VTC SPBO vs UCON

IBDX on its own →UCON on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

IBDX filings on SEC EDGAR ↗IBDX prospectus with the expense ratio (SEC) ↗iShares page for IBDX ↗UCON filings on SEC EDGAR ↗UCON prospectus with the expense ratio (SEC) ↗First Trust page for UCON ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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, IBDX against UCON, data as of Oct 9, 2026. https://etfiq.com/compare/any/ibdx-vs-ucon

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.