BCPL vs. BNDP

Last updated Jun 25, 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 0.92 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: 0.40%
• 1M: 1.19%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNDP

• 1D: 0.38%
• 1M: 1.22%
• YTD: 0.91%
• 6M: 0.84%
• 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	0.96%
BNDP Vanguard Core-Plus Bond Index ETF	0.70%

Correlation

The correlation between BCPL and BNDP is 0.92, 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 12, 2026	0.92

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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

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

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	-0.60%	-0.75%	+0.15%
Average Drawdown Average peak-to-trough decline	-1.04%	-0.89%	-0.15%

Volatility

Volatility by Period

	BCPL	BNDP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.05%	3.73%	+0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.05%	3.73%	+0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.05%	3.73%	+0.32%

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 1.56%, less than BNDP's 2.07% yield.

Position	TTM	2025
BCPL BNY Mellon Core Plus ETF	1.56%	0.00%
BNDP Vanguard Core-Plus Bond Index ETF	2.07%	0.24%

Frequently Asked Questions

Can I hold both BCPL and BNDP in my portfolio?

With a correlation of 0.92, 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 2.07%, compared with 1.56% 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.