BCPL vs. BNDP

Last updated Jun 4, 2026

BCPL (BNY Mellon Core Plus ETF) and BNDP (Vanguard Core-Plus Bond Index ETF) are both Intermediate Core-Plus Bond funds. BCPL is actively managed, while BNDP is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. BCPL charges 0.40%/yr vs 0.05%/yr for BNDP.

Performance

BCPL vs. BNDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Core Plus ETF (BCPL) and Vanguard Core-Plus Bond Index ETF (BNDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BCPL

• 1D: -0.08%
• 1M: 0.38%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNDP

• 1D: -0.08%
• 1M: 0.41%
• YTD: 0.34%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCPL vs. BNDP - Yearly Performance Comparison

	2026 (YTD)
BCPL BNY Mellon Core Plus ETF	0.55%
BNDP Vanguard Core-Plus Bond Index ETF	0.19%

Correlation

The correlation between BCPL and BNDP is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 13, 2026	0.91

Return for Risk

BCPL vs. BNDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Core Plus ETF (BCPL) and Vanguard Core-Plus Bond Index ETF (BNDP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BCPL	BNDP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.25	+0.11

Drawdowns

BCPL vs. BNDP - Drawdown Comparison

The maximum BCPL drawdown since its inception was -2.95%, which is greater than BNDP's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for BCPL and BNDP.

Drawdown Indicators

	BCPL	BNDP	Difference
Max Drawdown Largest peak-to-trough decline	-2.95%	-2.60%	-0.35%
Current Drawdown Current decline from peak	-1.12%	-1.31%	+0.19%
Average Drawdown Average peak-to-trough decline	-1.05%	-0.86%	-0.19%

Volatility

Volatility by Period

	BCPL	BNDP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.04%	3.63%	+0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.04%	3.63%	+0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.04%	3.63%	+0.41%

BCPL vs. BNDP - Expense Ratio Comparison

BCPL has a 0.40% expense ratio, which is higher than BNDP's 0.05% expense ratio.

Dividends

BCPL vs. BNDP - Dividend Comparison

BCPL's dividend yield for the trailing twelve months is around 1.57%, less than BNDP's 2.08% yield.

Position	TTM	2025
BCPL BNY Mellon Core Plus ETF	1.57%	0.00%
BNDP Vanguard Core-Plus Bond Index ETF	2.08%	0.24%

Frequently Asked Questions

Can I hold both BCPL and BNDP in my portfolio?

With a correlation of 0.91, BCPL and BNDP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, BCPL or BNDP?

On fees, BNDP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCPL or BNDP?

BNDP is cheaper with a 0.05% expense ratio, compared with 0.40% for BCPL.

Which ETF pays a higher dividend yield, BCPL or BNDP?

BNDP has the higher dividend yield at 2.08%, compared with 1.57% for BCPL.

What is the main difference between BCPL and BNDP?

They also come from different issuers: BNY Mellon and Vanguard. Their fees differ too: 0.40% for BCPL and 0.05% for BNDP.