BCPL vs. IUSB
BCPL (BNY Mellon Core Plus ETF) and IUSB (iShares Core Universal USD Bond ETF) are both Intermediate Core-Plus Bond funds. BCPL is actively managed, while IUSB is passively managed. Their correlation of 0.90 suggests significant overlap in exposure. BCPL charges 0.40%/yr vs 0.06%/yr for IUSB.
Performance
BCPL vs. IUSB - Performance Comparison
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Returns By Period
BCPL
- 1D
- 0.40%
- 1M
- 1.19%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IUSB
- 1D
- 0.39%
- 1M
- 1.09%
- YTD
- 1.06%
- 6M
- 0.89%
- 1Y
- 4.75%
- 3Y*
- 4.65%
- 5Y*
- 0.52%
- 10Y*
- 1.94%
BCPL vs. IUSB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BCPL BNY Mellon Core Plus ETF | 0.96% |
IUSB iShares Core Universal USD Bond ETF | 0.78% |
Correlation
The correlation between BCPL and IUSB is 0.90, 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 | 0.90 |
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Return for Risk
BCPL vs. IUSB — Risk / Return Rank
BCPL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IUSB
BCPL vs. IUSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Core Plus ETF (BCPL) and iShares Core Universal USD Bond ETF (IUSB). 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.
| BCPL | IUSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.23 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.89 | — |
| Martin ratioReturn relative to average drawdown | — | 5.43 | — |
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Drawdowns
BCPL vs. IUSB - Drawdown Comparison
The maximum BCPL drawdown since its inception was -2.95%, smaller than the maximum IUSB drawdown of -17.90%. Use the drawdown chart below to compare losses from any high point for BCPL and IUSB.
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Drawdown Indicators
| BCPL | IUSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.95% | -17.90% | +14.95% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.53% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.82% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.90% | — |
Current DrawdownCurrent decline from peak | -0.60% | -0.70% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -3.58% | +2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.88% | — |
Volatility
BCPL vs. IUSB - Volatility Comparison
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Volatility by Period
| BCPL | IUSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.13% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 3.60% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.05% | 5.80% | -1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.05% | 5.04% | -0.99% |
BCPL vs. IUSB - Expense Ratio Comparison
BCPL has a 0.40% expense ratio, which is higher than IUSB's 0.06% expense ratio.
Dividends
BCPL vs. IUSB - Dividend Comparison
BCPL's dividend yield for the trailing twelve months is around 1.56%, less than IUSB's 4.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCPL BNY Mellon Core Plus ETF | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUSB iShares Core Universal USD Bond ETF | 4.21% | 4.17% | 4.04% | 3.46% | 2.53% | 1.74% | 2.68% | 3.04% | 2.98% | 2.56% | 2.60% | 1.95% |
Frequently Asked Questions
With a correlation of 0.90, BCPL and IUSB 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.
On fees, IUSB is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSB is cheaper with a 0.06% expense ratio, compared with 0.40% for BCPL.
IUSB has the higher dividend yield at 4.21%, compared with 1.56% for BCPL.
They also come from different issuers: BNY Mellon and iShares. Their fees differ too: 0.40% for BCPL and 0.06% for IUSB.
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