BCPL vs. BNDS

Last updated Jun 3, 2026

BCPL (BNY Mellon Core Plus ETF) and BNDS (Infrastructure Capital Bond Income ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. A 0.55 correlation means they provide meaningful diversification when combined. BCPL charges 0.40%/yr vs 0.81%/yr for BNDS.

Performance

BCPL vs. BNDS - Performance Comparison

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

Returns By Period

BCPL

• 1D: 0.04%
• 1M: 0.22%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNDS

• 1D: 0.10%
• 1M: 0.18%
• YTD: 4.44%
• 6M: 4.74%
• 1Y: 13.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BCPL vs. BNDS - Yearly Performance Comparison

	2026 (YTD)
BCPL BNY Mellon Core Plus ETF	0.63%
BNDS Infrastructure Capital Bond Income ETF	3.66%

Correlation

The correlation between BCPL and BNDS is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 13, 2026	0.55

Return for Risk

BCPL vs. BNDS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BNDS

BNDS Risk / Return Rank: 89
BNDS Sharpe Ratio Rank: 94
BNDS Sortino Ratio Rank: 96
BNDS Omega Ratio Rank: 96
BNDS Calmar Ratio Rank: 75
BNDS Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCPL vs. BNDS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Core Plus ETF (BCPL) and Infrastructure Capital Bond Income ETF (BNDS). 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	BNDS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	1.78	-1.37

Drawdowns

BCPL vs. BNDS - Drawdown Comparison

The maximum BCPL drawdown since its inception was -2.95%, smaller than the maximum BNDS drawdown of -6.96%. Use the drawdown chart below to compare losses from any high point for BCPL and BNDS.

Drawdown Indicators

	BCPL	BNDS	Difference
Max Drawdown Largest peak-to-trough decline	-2.95%	-6.96%	+4.01%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.45%	—
Current Drawdown Current decline from peak	-1.04%	-0.15%	-0.89%
Average Drawdown Average peak-to-trough decline	-1.05%	-0.82%	-0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.75%	—

Volatility

Volatility by Period

	BCPL	BNDS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.06%	3.55%	+0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.06%	5.29%	-1.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.06%	5.29%	-1.23%

BCPL vs. BNDS - Expense Ratio Comparison

BCPL has a 0.40% expense ratio, which is lower than BNDS's 0.81% expense ratio.

Dividends

BCPL vs. BNDS - Dividend Comparison

BCPL's dividend yield for the trailing twelve months is around 1.56%, less than BNDS's 7.96% yield.

Position	TTM	2025
BCPL BNY Mellon Core Plus ETF	1.56%	0.00%
BNDS Infrastructure Capital Bond Income ETF	7.96%	7.98%

Frequently Asked Questions

Can I hold both BCPL and BNDS in my portfolio?

BCPL and BNDS have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BCPL or BNDS?

On fees, BCPL is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCPL or BNDS?

BCPL is cheaper with a 0.40% expense ratio, compared with 0.81% for BNDS.

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

BNDS has the higher dividend yield at 7.96%, compared with 1.56% for BCPL.

What is the main difference between BCPL and BNDS?

They also come from different issuers: BNY Mellon and InfraCap. Their fees differ too: 0.40% for BCPL and 0.81% for BNDS.