SECR vs UBND
NYLIM MacKay Securitized Income ETF vs VictoryShares Core Plus Bond ETF
Which is better, SECR or UBND?
Nearly the same fund. SECR costs less.
SECR has a lower expense ratio. SECR led over the full window, UBND over 1Y. The two have moved almost in lockstep, correlation 0.98.
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 | SECR | UBND |
|---|---|---|
| Expense Ratio | 0.28%Best | 0.40% |
| AUM | $164M | $2.0B |
| Dividend Yield | 6.96% | 5.04% |
| Holdings | 928 | 3,263 |
| YTD Return | -0.91%Best | -0.95% |
| 1Y Return | -0.87% | -0.66%Best |
| 3Y Return (annualized) | - | +5.23% |
| 5Y Return (annualized) | - | +0.67% |
| Volatility (annualized) | 4.8% | 4.4%Best |
| Max Drawdown | -5.1% | -4.6%Best |
| $10,000 over 2.4 years | $11,068Best | $11,007 |
| Fund Family | New York Life Investment Management LLC | Victory Capital Management Inc. |
| Category | Fixed Income | Fixed Income |
| Style | Long Term High Quality | Long Term High Quality |
| Inception | May 31, 2024 | Oct 4, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: May 31, 2024 to Nov 11, 2026 (2.4 years).
SECR 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 2.4 years both funds cover.
SECR vs UBND Performance
NYLIM MacKay Securitized Income ETF (SECR) is an ETF from New York Life Investment Management LLC and VictoryShares Core Plus Bond ETF (UBND) is an ETF from Victory Capital Management Inc.. Over the past year SECR returned -0.87% while UBND returned -0.66%. Year to date, SECR is down 0.91% versus a loss of 0.95% for UBND.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SECR has been the more volatile fund, with annualized monthly volatility of 4.8% compared with 4.4% 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 -5.1% for SECR and -4.6% 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SECR charges 0.28% per year while UBND charges 0.40%. On a $10,000 position that is $28 vs $40 annually, a gap of $12 per year that compounds over a long holding period. On income, SECR currently yields 6.96% against 5.04% for UBND.
Holdings Overlap
We hold position weights for 93 holdings in SECR and 731 in UBND, totalling 31.7% and 36.0% 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, 9 positions appear in both.
9 positions in common, counted across the 93 positions we hold weights for in SECR and 731 in UBND, against full books of 928 and 3,263.
Top Shared Holdings
| Stock | Weight in SECR | Weight in UBND | Difference |
|---|---|---|---|
| FR SD6766Fhlmc 30Yr Pool#Sd6766 5.500% 01-Nov-2054 | 0.56% | 0.07% | 0.49% |
| FR RA4934Fhlmc 30Yr Pool#Ra4934 3.000% 01-Mar-2051 | 0.41% | 0.04% | 0.37% |
| LADAR 2024-3A DLad Auto Receivables Trust 2024-3 5.18 02/17/2032 | 0.30% | 0.01% | 0.29% |
| ZAYO 2025-2A A2Zayo 25- 5.953% 06/20/55 | 0.25% | 0.02% | 0.23% |
| ZAYO 2025-1A BZayo 25- 6.088% 03/20/55 | 0.24% | 0.02% | 0.22% |
| CMXS 2025-A DCmxs 2025-A D | 0.16% | 0.09% | 0.07% |
| VBTEL 2022-1A DVb-S1 Issuer Llc 2016-1 4.288% | 0.16% | 0.08% | 0.08% |
| CNSL 2025-1A A2Consolidated Communications Llc 6.0% 20-May-2055 | 0.21% | 0.02% | 0.19% |
| USRE 2021-1 A1New Economy Assets Phase 1 Sponsor Llc | 0.12% | 0.03% | 0.09% |
You are not choosing between two funds in isolation.
Whichever of SECR 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, SECR or UBND?
SECR has an expense ratio of 0.28% while UBND charges 0.40%. SECR is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, SECR or UBND?
Over the past year SECR returned -0.87% vs -0.66% for UBND, so UBND leads on 1-year performance. Over the longest common window we track (2 years), SECR annualized +4.32% vs +4.08% for UBND. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SECR or UBND?
SECR has been the more volatile fund at 4.8% annualized versus 4.4% for UBND. Worst drawdown: SECR -5.1% vs UBND -4.6%.
Should I hold both SECR and UBND?
SECR and UBND have a monthly-return correlation of 0.98, 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, SECR or UBND?
SECR yields 6.96% while UBND yields 5.04%, so SECR currently pays the higher dividend yield.
Is UBND better than SECR?
SECR has a lower expense ratio. SECR led over the full window, UBND over 1Y. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.