BCPL vs. CAAA
Compare and contrast key facts about BNY Mellon Core Plus ETF (BCPL) and First Trust Commercial Mortgage Opportunities ETF (CAAA).
BCPL and CAAA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BCPL is an actively managed fund by BNY Mellon. It was launched on Jan 9, 2026. CAAA is an actively managed fund by First Trust. It was launched on Feb 26, 2024.
Performance
BCPL vs. CAAA - Performance Comparison
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BCPL vs. CAAA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BCPL BNY Mellon Core Plus ETF | -0.31% |
CAAA First Trust Commercial Mortgage Opportunities ETF | -0.09% |
Returns By Period
BCPL
- 1D
- 0.05%
- 1M
- -1.50%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CAAA
- 1D
- 0.20%
- 1M
- -0.68%
- YTD
- 0.44%
- 6M
- 1.51%
- 1Y
- 5.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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BCPL vs. CAAA - Expense Ratio Comparison
BCPL has a 0.40% expense ratio, which is lower than CAAA's 0.55% expense ratio.
Return for Risk
BCPL vs. CAAA — Risk / Return Rank
BCPL
CAAA
BCPL vs. CAAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Core Plus ETF (BCPL) and First Trust Commercial Mortgage Opportunities ETF (CAAA). 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.
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Sharpe Ratios by Period
| BCPL | CAAA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.33 | 1.95 | -2.28 |
Correlation
The correlation between BCPL and CAAA is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BCPL vs. CAAA - Dividend Comparison
BCPL's dividend yield for the trailing twelve months is around 0.97%, less than CAAA's 5.66% yield.
| TTM | 2025 | 2024 | |
|---|---|---|---|
BCPL BNY Mellon Core Plus ETF | 0.97% | 0.00% | 0.00% |
CAAA First Trust Commercial Mortgage Opportunities ETF | 5.66% | 6.09% | 4.01% |
Drawdowns
BCPL vs. CAAA - Drawdown Comparison
The maximum BCPL drawdown since its inception was -2.95%, which is greater than CAAA's maximum drawdown of -2.24%. Use the drawdown chart below to compare losses from any high point for BCPL and CAAA.
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Drawdown Indicators
| BCPL | CAAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.95% | -2.24% | -0.71% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.08% | — |
Current DrawdownCurrent decline from peak | -1.96% | -1.16% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -0.79% | -0.53% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.60% | — |
Volatility
BCPL vs. CAAA - Volatility Comparison
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Volatility by Period
| BCPL | CAAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.16% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.25% | 3.34% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.25% | 3.23% | +1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.25% | 3.23% | +1.02% |