CPLB vs. IWLG

Last updated Jun 24, 2026

CPLB (NYLI MacKay Core Plus Bond ETF) and IWLG (NYLI Winslow Large Cap Growth ETF) are both exchange-traded funds - CPLB is a Intermediate Core-Plus Bond fund actively managed by NYLI, while IWLG is a Large Cap Growth Equities fund actively managed by NYLI. Both are actively managed. Over the past 3 years, CPLB returned 5.66%/yr vs 21.19%/yr for IWLG. At a 0.23 correlation, their price movements are largely independent. CPLB charges 0.30%/yr vs 0.50%/yr for IWLG.

Performance

CPLB vs. IWLG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NYLI MacKay Core Plus Bond ETF (CPLB) and NYLI Winslow Large Cap Growth ETF (IWLG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPLB achieves a 0.79% return, which is significantly lower than IWLG's 1.51% return.

CPLB

• 1D: 0.05%
• 1M: 0.57%
• YTD: 0.79%
• 6M: 1.02%
• 1Y: 4.46%
• 3Y*: 5.66%
• 5Y*: —
• 10Y*: —

IWLG

• 1D: -2.76%
• 1M: -1.50%
• YTD: 1.51%
• 6M: 0.20%
• 1Y: 10.89%
• 3Y*: 21.19%
• 5Y*: —
• 10Y*: —

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

CPLB vs. IWLG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CPLB NYLI MacKay Core Plus Bond ETF	0.79%	7.76%	4.19%	7.16%	-2.52%
IWLG NYLI Winslow Large Cap Growth ETF	1.51%	14.73%	31.47%	43.25%	1.48%

Correlation

The correlation between CPLB and IWLG is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (All Time) Calculated using the full available price history since Jun 23, 2022	0.23

The correlation between CPLB and IWLG shifts across timeframes, from 0.20 (3 years) to 0.34 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CPLB vs. IWLG — Risk / Return Rank

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

CPLB

CPLB Risk / Return Rank: 36
CPLB Sharpe Ratio Rank: 37
CPLB Sortino Ratio Rank: 37
CPLB Omega Ratio Rank: 35
CPLB Calmar Ratio Rank: 37
CPLB Martin Ratio Rank: 35

IWLG

IWLG Risk / Return Rank: 18
IWLG Sharpe Ratio Rank: 19
IWLG Sortino Ratio Rank: 18
IWLG Omega Ratio Rank: 18
IWLG Calmar Ratio Rank: 16
IWLG Martin Ratio Rank: 17

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. IWLG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NYLI MacKay Core Plus Bond ETF (CPLB) and NYLI Winslow Large Cap Growth ETF (IWLG). 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	IWLG	Difference
Sharpe ratio: Return per unit of total volatility	1.22	0.62	+0.60
Sortino ratio: Return per unit of downside risk	1.78	0.94	+0.84
Omega ratio: Gain probability vs. loss probability	1.22	1.12	+0.10
Calmar ratio: Return relative to maximum drawdown	1.72	0.56	+1.16
Martin ratio: Return relative to average drawdown	4.99	1.69	+3.30

CPLB vs. IWLG - Sharpe Ratio Comparison

The current CPLB Sharpe Ratio is 1.22, which is higher than the IWLG Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of CPLB and IWLG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CPLB vs. IWLG - Drawdown Comparison

The maximum CPLB drawdown since its inception was -18.96%, smaller than the maximum IWLG drawdown of -23.19%. Use the drawdown chart below to compare losses from any high point for CPLB and IWLG.

Drawdown Indicators

	CPLB	IWLG	Difference
Max Drawdown Largest peak-to-trough decline	-18.96%	-23.19%	+4.23%
Max Drawdown (1Y) Largest decline over 1 year	-2.60%	-19.45%	+16.85%
Max Drawdown (3Y) Largest decline over 3 years	-5.90%	-23.19%	+17.29%
Current Drawdown Current decline from peak	-1.15%	-5.20%	+4.05%
Average Drawdown Average peak-to-trough decline	-7.01%	-4.56%	-2.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	6.46%	-5.56%

Volatility

CPLB vs. IWLG - Volatility Comparison

The current volatility for NYLI MacKay Core Plus Bond ETF (CPLB) is 0.99%, while NYLI Winslow Large Cap Growth ETF (IWLG) has a volatility of 7.68%. This indicates that CPLB experiences smaller price fluctuations and is considered to be less risky than IWLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPLB	IWLG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.99%	7.68%	-6.69%
Volatility (6M) Calculated over the trailing 6-month period	2.79%	14.00%	-11.21%
Volatility (1Y) Calculated over the trailing 1-year period	3.69%	17.66%	-13.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.02%	21.14%	-16.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.02%	21.14%	-16.12%

CPLB vs. IWLG - Expense Ratio Comparison

CPLB has a 0.30% expense ratio, which is lower than IWLG's 0.50% expense ratio.

Dividends

CPLB vs. IWLG - Dividend Comparison

CPLB's dividend yield for the trailing twelve months is around 5.49%, while IWLG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
CPLB NYLI MacKay Core Plus Bond ETF	5.49%	5.46%	5.40%	4.82%	3.17%	0.95%
IWLG NYLI Winslow Large Cap Growth ETF	0.00%	0.00%	1.34%	0.01%	0.05%	0.00%

Frequently Asked Questions

Can I hold both CPLB and IWLG in my portfolio?

CPLB and IWLG have a correlation of 0.34, 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 IWLG?

IWLG has higher volatility (7.68%) compared to CPLB (0.99%). In terms of maximum drawdown, CPLB dropped -18.96% vs IWLG's -23.19%.

Which ETF is better, CPLB or IWLG?

On 3-year performance, IWLG leads with 21.19% vs 5.66% for CPLB. On fees, CPLB is cheaper at 0.30% per year. On volatility, CPLB has been the lower-risk option at 0.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CPLB or IWLG?

Over the 3-year period, IWLG has performed better with a 21.19% return vs 5.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CPLB or IWLG?

CPLB is cheaper with a 0.30% expense ratio, compared with 0.50% for IWLG.

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

CPLB has the higher dividend yield at 5.49%, compared with 0.00% for IWLG.

What is the main difference between CPLB and IWLG?

CPLB is categorized as Intermediate Core-Plus Bond, while IWLG is Large Cap Growth Equities. Their fees differ too: 0.30% for CPLB and 0.50% for IWLG.

Which has better risk-adjusted returns?

CPLB currently has the higher Sharpe Ratio (1.22 vs 0.62), 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.