CPLB vs. BNDI

Last updated Jun 4, 2026

CPLB (NYLI MacKay Core Plus Bond ETF) and BNDI (Neos Enhanced Income Aggregate Bond ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past 3 years, CPLB returned 5.42%/yr vs 4.83%/yr for BNDI. Their correlation of 0.85 suggests significant overlap in exposure. CPLB charges 0.30%/yr vs 0.58%/yr for BNDI.

Performance

CPLB vs. BNDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NYLI MacKay Core Plus Bond ETF (CPLB) and Neos Enhanced Income Aggregate Bond ETF (BNDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPLB achieves a 0.50% return, which is significantly lower than BNDI's 1.29% return.

CPLB

• 1D: -0.31%
• 1M: 0.31%
• YTD: 0.50%
• 6M: 0.49%
• 1Y: 5.33%
• 3Y*: 5.42%
• 5Y*: —
• 10Y*: —

BNDI

• 1D: -0.21%
• 1M: 0.36%
• YTD: 1.29%
• 6M: 1.22%
• 1Y: 7.00%
• 3Y*: 4.83%
• 5Y*: —
• 10Y*: —

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

CPLB vs. BNDI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CPLB NYLI MacKay Core Plus Bond ETF	0.50%	7.76%	4.19%	7.16%	-3.78%
BNDI Neos Enhanced Income Aggregate Bond ETF	1.29%	7.95%	1.74%	6.89%	-2.60%

Correlation

The correlation between CPLB and BNDI is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (All Time) Calculated using the full available price history since Aug 31, 2022	0.85

The correlation between CPLB and BNDI has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.

CPLB vs. BNDI - Sectors Allocation Comparison

Sectors	CPLB	BNDI
Energy	100.0%	3.5%
Basic Materials	-	1.8%
Communication Services	-	11.2%
Consumer Cyclical	-	10.1%
Consumer Defensive	-	4.9%
Financial Services	-	11.8%
Healthcare	-	8.5%
Industrials	-	8.3%
Real Estate	-	1.9%
Technology	-	35.6%
Utilities	-	2.4%

Return for Risk

CPLB vs. BNDI — Risk / Return Rank

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

CPLB

CPLB Risk / Return Rank: 41
CPLB Sharpe Ratio Rank: 41
CPLB Sortino Ratio Rank: 42
CPLB Omega Ratio Rank: 40
CPLB Calmar Ratio Rank: 42
CPLB Martin Ratio Rank: 40

BNDI

BNDI Risk / Return Rank: 50
BNDI Sharpe Ratio Rank: 48
BNDI Sortino Ratio Rank: 52
BNDI Omega Ratio Rank: 47
BNDI Calmar Ratio Rank: 51
BNDI Martin Ratio Rank: 53

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.

CPLB vs. BNDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NYLI MacKay Core Plus Bond ETF (CPLB) and Neos Enhanced Income Aggregate Bond ETF (BNDI). 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.

	CPLB	BNDI	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.69	-0.25
Sortino ratio: Return per unit of downside risk	2.10	2.54	-0.44
Omega ratio: Gain probability vs. loss probability	1.26	1.30	-0.05
Calmar ratio: Return relative to maximum drawdown	2.06	2.56	-0.50
Martin ratio: Return relative to average drawdown	6.28	9.12	-2.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CPLB vs. BNDI - Sharpe Ratio Comparison

The current CPLB Sharpe Ratio is 1.43, which is comparable to the BNDI Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of CPLB and BNDI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CPLB	BNDI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	1.69	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.65	-0.50

Drawdowns

CPLB vs. BNDI - Drawdown Comparison

The maximum CPLB drawdown since its inception was -18.96%, which is greater than BNDI's maximum drawdown of -6.98%. Use the drawdown chart below to compare losses from any high point for CPLB and BNDI.

Drawdown Indicators

	CPLB	BNDI	Difference
Max Drawdown Largest peak-to-trough decline	-18.96%	-6.98%	-11.98%
Max Drawdown (1Y) Largest decline over 1 year	-2.60%	-2.75%	+0.15%
Max Drawdown (3Y) Largest decline over 3 years	-5.90%	-5.83%	-0.07%
Current Drawdown Current decline from peak	-1.43%	-0.84%	-0.59%
Average Drawdown Average peak-to-trough decline	-7.08%	-1.71%	-5.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	0.77%	+0.08%

Volatility

CPLB vs. BNDI - Volatility Comparison

The current volatility for NYLI MacKay Core Plus Bond ETF (CPLB) is 1.28%, while Neos Enhanced Income Aggregate Bond ETF (BNDI) has a volatility of 1.38%. This indicates that CPLB experiences smaller price fluctuations and is considered to be less risky than BNDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPLB	BNDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.28%	1.38%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	2.75%	3.08%	-0.33%
Volatility (1Y) Calculated over the trailing 1-year period	3.74%	4.17%	-0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.04%	6.19%	-1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.04%	6.19%	-1.15%

CPLB vs. BNDI - Expense Ratio Comparison

CPLB has a 0.30% expense ratio, which is lower than BNDI's 0.58% expense ratio.

Dividends

CPLB vs. BNDI - Dividend Comparison

CPLB's dividend yield for the trailing twelve months is around 5.50%, less than BNDI's 5.80% yield.

Position	TTM	2025	2024	2023	2022	2021
BNDI Neos Enhanced Income Aggregate Bond ETF	5.80%	5.69%	5.54%	5.17%	1.68%	0.00%
CPLB NYLI MacKay Core Plus Bond ETF	5.50%	5.46%	5.40%	4.82%	3.17%	0.95%

Frequently Asked Questions

Can I hold both CPLB and BNDI in my portfolio?

CPLB and BNDI have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CPLB or BNDI?

BNDI has higher volatility (1.38%) compared to CPLB (1.28%). In terms of maximum drawdown, CPLB dropped -18.96% vs BNDI's -6.98%.

Which ETF is better, CPLB or BNDI?

On 3-year performance, CPLB leads with 5.42% vs 4.83% for BNDI. On fees, CPLB is cheaper at 0.30% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CPLB or BNDI?

Over the 3-year period, CPLB has performed better with a 5.42% return vs 4.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CPLB or BNDI?

CPLB is cheaper with a 0.30% expense ratio, compared with 0.58% for BNDI.

Which ETF pays a higher dividend yield, CPLB or BNDI?

BNDI has the higher dividend yield at 5.80%, compared with 5.50% for CPLB.

What is the main difference between CPLB and BNDI?

They also come from different issuers: NYLI and Neos. Their fees differ too: 0.30% for CPLB and 0.58% for BNDI.

Which has better risk-adjusted returns?

BNDI currently has the higher Sharpe Ratio (1.69 vs 1.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.