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

In the year to Oct 9, 2026, with distributions reinvested, IBDY returned −1.5% and UCON −0.7%.

Which is cheaper, IBDY or UCON?

IBDY 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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IBDY vs UCON: Differences, Returns & Fees

IBDY's duration was 5.5 years on Jul 31, 2026 and UCON's 4.4 on May 31, 2026; IBDY charges 0.10% to UCON's 0.86%. Net assets on Oct 9, 2026: $1.2bn for iShares iBonds Dec 2033 Term Corporate ETF and $3.1bn for First Trust Smith Unconstrained Bond ETF.

IBDY costs 0.76 points a year less; their one-year returns differ by 0.8 points; UCON is 2.7 times larger.

IBDY vs UCON: Differences, Returns & Fees
	IBDY	UCON
Expense ratio	0.10%	0.86%
Net assets	$1.2bn	$3.1bn
Total return, 1 year	−1.5%	−0.7%
What it tracks	Bloomberg December 2033 Maturity Corporate Index	No index, actively managed
Holdings in common	1%
Below its high	4.2%, 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.

−1.5%

IBDY total return, 1 year

−0.7%

UCON total return, 1 year

0.10%

IBDY expense ratio

0.86%

UCON expense ratio

What they hold in common

By the books each fund has filed, IBDY and UCON hold 1% 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

1% in common

Positions both hold, largest shared weight first

Holding IBDY UCON

Baker Hughes Holdings LLC, due Jun 15, 2033 0.20% 0.24%

Pilgrim's Pride Corp., due Jul 1, 2033 0.19% 0.21%

Novartis Capital Corp., due Mar 18, 2033 0.56% 0.15%

Honeywell Aerospace, Inc., due Mar 16, 2033 0.51% 0.15%

Ecolab, Inc., due Jun 15, 2033 0.34% 0.12%

Only in IBDY

Space Exploration Technologies Corp., due Jul 15, 2033 1.54%

Pfizer Investment Enterprises Pte. Ltd., due May 19, 2033 1.42%

Amgen, Inc., due Mar 2, 2033 1.25%

Amazon.com, Inc., due Mar 13, 2033 1.13%

NVIDIA Corp., due Jun 15, 2033 0.98%

AT&T, Inc., due Dec 1, 2033 0.92%

Alphabet, Inc., due Feb 15, 2033 0.86%

Oracle Corp., due May 4, 2033 0.82%

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%

Check overlap with more funds →

On the same fields

IBDY

iShares iBonds Dec 2033 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 −1.5% −0.7%

Expense ratio 0.10% 0.86%

Holdings 420 453

Net assets $1.2bn $3.1bn

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

About IBDY

IBDY tracks an index. Over the year to Oct 9, 2026 it returned −1.5% with distributions reinvested. The prospectus expense ratio is 0.10% a year. It sat 4.2% 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, IBDY or UCON?: In the year to Oct 9, 2026, with distributions reinvested, IBDY returned −1.5% and UCON −0.7%.
Which is cheaper, IBDY or UCON?: IBDY 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

IBDY vs SPBO CGMS vs IBDY IBDY vs VTC BSCW vs IBDY UCON vs VCEB UCON vs USIG IGIB vs UCON LQD vs UCON

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

Where these figures came from

IBDY filings on SEC EDGAR ↗IBDY prospectus with the expense ratio (SEC) ↗iShares page for IBDY ↗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, IBDY against UCON, data as of Oct 9, 2026. https://etfiq.com/compare/any/ibdy-vs-ucon

Open data

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