CPLB vs. IUSB
CPLB (NYLI MacKay Core Plus Bond ETF) and IUSB (iShares Core Universal USD Bond ETF) are both Intermediate Core-Plus Bond funds. CPLB is actively managed, while IUSB is passively managed. Over the past 5 years, CPLB returned 0.42%/yr vs -0.01%/yr for IUSB. Their correlation of 0.87 means they have usually moved in the same direction. CPLB charges 0.30%/yr vs 0.06%/yr for IUSB.
Performance
CPLB vs. IUSB - Performance Comparison
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Returns By Period
In the year-to-date period, CPLB achieves a 0.10% return, which is significantly higher than IUSB's -0.29% return.
CPLB
- 1D
- -0.20%
- 1M
- -1.01%
- 6M
- -0.25%
- YTD
- 0.10%
- 1Y
- 2.84%
- 3Y*
- 5.40%
- 5Y*
- 0.42%
- 10Y*
- —
- ALL TIME*
- 0.66%
IUSB
- 1D
- -0.21%
- 1M
- -1.11%
- 6M
- -0.52%
- YTD
- -0.29%
- 1Y
- 2.26%
- 3Y*
- 4.42%
- 5Y*
- -0.01%
- 10Y*
- 1.70%
- ALL TIME*
- 2.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.63M | $2.45M | $1.64M | |
| $142.04M | $149.14M | $266.40M |
CPLB vs. IUSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CPLB NYLI MacKay Core Plus Bond ETF | 0.10% | 7.76% | 4.19% | 7.16% | -14.44% | 0.35% |
IUSB iShares Core Universal USD Bond ETF | -0.29% | 7.38% | 2.11% | 6.23% | -13.04% | 0.03% |
Correlation
The correlation between CPLB and IUSB is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2021 | 0.87 |
The correlation between CPLB and IUSB has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.
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Return for Risk
CPLB vs. IUSB — Risk / Return Rank
CPLB
IUSB
CPLB vs. IUSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NYLI MacKay Core Plus Bond ETF (CPLB) 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.
| CPLB | IUSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.15 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.22 | +0.14 |
| Martin ratioReturn relative to average drawdown | 3.71 | 3.12 | +0.59 |
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Drawdowns
CPLB vs. IUSB - Drawdown Comparison
The maximum CPLB drawdown since its inception was -18.96%, which is greater than IUSB's maximum drawdown of -17.90%. Use the drawdown chart below to compare losses from any high point for CPLB and IUSB.
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Drawdown Indicators
| CPLB | IUSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.96% | -17.90% | -1.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -2.53% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -5.03% | -4.81% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -18.92% | -17.87% | -1.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.90% | — |
Current DrawdownCurrent decline from peak | -1.82% | -2.03% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -3.56% | -3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.98% | -0.03% |
Volatility
CPLB vs. IUSB - Volatility Comparison
The current volatility for NYLI MacKay Core Plus Bond ETF (CPLB) is 0.81%, while iShares Core Universal USD Bond ETF (IUSB) has a volatility of 0.92%. This indicates that CPLB experiences smaller price fluctuations and is considered to be less risky than IUSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPLB | IUSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.92% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 2.82% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.59% | 3.55% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.02% | 5.80% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.99% | 5.04% | -0.05% |
CPLB vs. IUSB - Expense Ratio Comparison
CPLB has a 0.30% expense ratio, which is higher than IUSB's 0.06% expense ratio.
Dividends
CPLB vs. IUSB - Dividend Comparison
CPLB's dividend yield for the trailing twelve months is around 6.01%, more than IUSB's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPLB NYLI MacKay Core Plus Bond ETF | 5.54% | 5.46% | 5.40% | 4.82% | 3.17% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUSB iShares Core Universal USD Bond ETF | 3.92% | 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
CPLB and IUSB have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IUSB has higher volatility (0.92%) compared to CPLB (0.81%). In terms of maximum drawdown, CPLB dropped -18.96% vs IUSB's -17.90%.
On 5-year performance, CPLB leads with 0.42% vs -0.01% for IUSB. On fees, IUSB is cheaper at 0.06% per year. On volatility, CPLB has been the lower-risk option at 0.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, CPLB has performed better with a 0.42% return vs -0.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IUSB is cheaper with a 0.06% expense ratio, compared with 0.30% for CPLB.
CPLB has the higher dividend yield at 5.54%, compared with 3.92% for IUSB.
They also come from different issuers: NYLI and iShares. Their fees differ too: 0.30% for CPLB and 0.06% for IUSB.
CPLB currently has the higher Sharpe Ratio (0.98 vs 0.87), 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.
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