CVSBvsBNDCETF Comparison
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Calvert Ultra-Short Investment Grade ETF (CVSB) and Northern Trust Core Bond ETF (BNDC) belong to the same industry segment: US Aggregate Bonds. CVSB's top 3 sector exposures are Finance, Sovereign and Non-Corporate. In contrast, BNDC's top sector exposures are Finance, Industrials and Utilities. CVSB is less expensive with a Total Expense Ratio (TER) of 0.24%, versus 0.49% for BNDC. CVSB is up 3.07% year-to-date (YTD) with +$104M in YTD flows. BNDC performs worse with -0.92% YTD performance, and +$43M in YTD flows. Run a side-by-side ETF comparison of CVSB and BNDC below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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CVSB vs BNDC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CVSB BNDC | +0.48%+2.38% | +0.84%-0.28% | +3.07%-0.92% | +3.91%-0.68% | +16.67%+16.40% | n/a-2.56% |
| Flows | CVSB BNDC | +$10M+$15M | +$65M+$15M | +$104M+$43M | +$96M+$46M | +$238M-$7M | -+$90M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CVSB BNDC | +0.42%+4.60% | +0.38%+3.87% | +0.49%+5.15% | n/a+6.20% |
| Max drawdown | CVSB BNDC | -0.10%-3.28% | -0.10%-5.02% | -0.14%-5.26% | n/a-17.95% |
| Max drawdown duration | CVSB BNDC | 26d66d | 26d243d | 14d318d | n/a1816d |
Trading data
CVSB | BNDC | |
Last sale 10/30/2026 at 1:30 PM | $50.46 | $21.50 |
| Previous close 10/29/2026 | $50.67 | $21.44 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
CVSB | BNDC | |
|---|---|---|
| Last price | $50.46 | $21.50 |
| 1D performance | -0.41% | +0.27% |
| AuM | $283.95 M | $183.26 M |
| E/R | 0.24% | 0.49% |
Characteristics
CVSB | BNDC | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Morgan Stanley | Northern Trust |
| Benchmark | - | - |
| N° of holdings | 126 | 2 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 1, 2023 | November 21, 2016 |
| ESG | No | No |
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Exposure
Countries
CVSB
USA
60.28%
Other
39.72%
BNDC
USA
21.75%
Other
78.25%
Sectors
CVSB
Finance
43.91%
Sovereign
10.23%
Non-Corporate
7.74%
Other
38.12%
BNDC
Finance
11.44%
Other
88.56%
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Diversification
CVSB
Total weight of top 15 holdings out of 15
31.99%
BNDC
Total weight of top 8 holdings out of 8
100%
Top 15 holdings
Data as of September 30, 2026
CVSB
Morgan Stanley Instl. Liquidity Funds - Government Portfolio
7.74%
USA, Notes 3.25% 30jun2027, USD (AA-2027)
3.75%
USA, Notes 4.125% 15feb2027, USD (AK-2027)
3.47%
Bank of America Corporation, 4.948% 22jul2028, USD (N)
2.47%
JP Morgan, 5.04% 23jan2028, USD
2.37%
Citigroup, 3.07% 24feb2028, USD
2.03%
Truist Bank, 4.42% 24jul2028, USD (I)
1.42%
Wells Fargo, 3.584% 22may2028, USD (Q)
1.40%
Royal Bank of Canada, 4.652% 10jul2029, USD
1.32%
Bank of Ireland Group, 2.029% 30sep2027, USD
1.02%
EPR Properties, 4.5% 1jun2027, USD
1.02%
Hyundai Capital America, 4.875% 23jun2027, USD (A)
1.02%
Delta Air Lines, 4.75% 20oct2028, USD
0.99%
Banco Santander, 4.175% 24mar2028, USD (141)
0.98%
USA, Notes 3.75% 30jun2027, USD (BD-2027)
0.98%
BNDC
US33939L7617
25.09%
US4642886463
24.66%
US33939L8862
19.61%
US33939L7799
12.62%
US4642885887
12.57%
US33939L7534
4.14%
USA, Bills 0% 15oct2026, USD (182D)
0.80%
US46429B2676
0.51%
Frequently asked questions about CVSB and BNDC
How have the CVSB and BNDC ETFs performed in 2026?
As of October 30, 2026, CVSB is up 3.07% year-to-date (YTD), while BNDC has lost -0.92%. That puts CVSB better performer ahead so far this year.
Which ETF is attracting more investor money: CVSB or BNDC?
Year-to-date, the CVSB ETF saw +$104M in flows, compared to +$43M for BNDC.
Which ETF is more volatile: CVSB or BNDC?
Over the past year, CVSB had a volatility of 0.38%, while BNDC experienced 3.87%.
Which ETF is bigger: CVSB or BNDC?
As of October 30, 2026, CVSB holds $283.95 M in assets under management (AUM), while BNDC manages $183.26 M.
What sectors do the CVSB and BNDC ETFs invest in?
CVSB leans toward sectors like Finance, Sovereign and Non-Corporate. Meanwhile, BNDC focuses on Finance.
What are the top holdings of the CVSB ETF and BNDC ETF?
CVSB top holdings include Morgan Stanley Instl. Liquidity Funds - Government Portfolio, USA, Notes 3.25% 30jun2027, USD (AA-2027) and USA, Notes 4.125% 15feb2027, USD (AK-2027). BNDC holds in its top three: US33939L7617, US4642886463 and US33939L8862.
Which ETF is more diversified: CVSB or BNDC?
CVSB holds 288 securities with 31.99% of its assets in the top 15. BNDC has 14074 securities and a top 15 weight of 100%.
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Latest news about CVSB & BNDC
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