BNDS vs. BCPL

Last updated Aug 2, 2026

BNDS (Infrastructure Capital Bond Income ETF) and BCPL (BNY Mellon Core Plus ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Their 0.53 correlation means they have sometimes moved together and sometimes differently. BNDS charges 0.81%/yr vs 0.40%/yr for BCPL.

Performance

BNDS vs. BCPL - Performance Comparison

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

Returns By Period

BNDS

• 1D: 0.01%
• 1M: -0.77%
• 6M: 1.77%
• YTD: 4.11%
• 1Y: 9.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.21%

BCPL

• 1D: -0.24%
• 1M: -1.41%
• 6M: -0.59%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BCPL BNY Mellon Core Plus ETF	$653.50K	$1.05M	$1.39M
BNDS Infrastructure Capital Bond Income ETF	$2.24M	$2.01M	$1.56M

BNDS vs. BCPL - Yearly Performance Comparison

	2026 (YTD)
BNDS Infrastructure Capital Bond Income ETF	3.29%
BCPL BNY Mellon Core Plus ETF	-0.63%

Correlation

The correlation between BNDS and BCPL is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 12, 2026	0.53

Return for Risk

BNDS vs. BCPL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BNDS

BNDS Risk / Return Rank: 88
BNDS Sharpe Ratio Rank: 94
BNDS Sortino Ratio Rank: 94
BNDS Omega Ratio Rank: 94
BNDS Calmar Ratio Rank: 76
BNDS Martin Ratio Rank: 85

BCPL

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BNDS vs. BCPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Infrastructure Capital Bond Income ETF (BNDS) and BNY Mellon Core Plus ETF (BCPL). 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.

	BNDS	BCPL	Difference
Sharpe ratio: Return per unit of total volatility	2.55	—	—
Sortino ratio: Return per unit of downside risk	3.68	—	—
Omega ratio: Gain probability vs. loss probability	1.50	—	—
Calmar ratio: Return relative to maximum drawdown	2.66	—	—
Martin ratio: Return relative to average drawdown	11.88	—	—

Drawdowns

BNDS vs. BCPL - Drawdown Comparison

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

Drawdown Indicators

	BNDS	BCPL	Difference
Max Drawdown Largest peak-to-trough decline	-6.96%	-2.95%	-4.01%
Max Drawdown (1Y) Largest decline over 1 year	-3.45%	—	—
Current Drawdown Current decline from peak	-1.08%	-2.16%	+1.08%
Average Drawdown Average peak-to-trough decline	-0.77%	-1.09%	+0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.77%	—	—

Volatility

Volatility by Period

	BNDS	BCPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.59%	3.94%	-0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.09%	3.94%	+1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.09%	3.94%	+1.15%

BNDS vs. BCPL - Expense Ratio Comparison

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

Dividends

BNDS vs. BCPL - Dividend Comparison

BNDS's dividend yield for the trailing twelve months is around 8.11%, more than BCPL's 1.95% yield.

Position	TTM	2025
BCPL BNY Mellon Core Plus ETF	1.95%	0.00%
BNDS Infrastructure Capital Bond Income ETF	8.11%	7.98%

Frequently Asked Questions

Can I hold both BNDS and BCPL in my portfolio?

BNDS and BCPL have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BNDS or BCPL?

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, BNDS or BCPL?

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

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

BNDS has the higher dividend yield at 8.11%, compared with 1.95% for BCPL.

What is the main difference between BNDS and BCPL?

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