CPLB vs. MMMA
CPLB (NYLI MacKay Core Plus Bond ETF) and MMMA (NYLI MacKay Muni Allocation ETF) are both exchange-traded funds - CPLB is a Intermediate Core-Plus Bond fund actively managed by NYLI, while MMMA is a Municipal Bonds fund actively managed by NYLI. Both are actively managed. Their 0.63 correlation means they have sometimes moved together and sometimes differently. CPLB charges 0.30%/yr vs 0.35%/yr for MMMA.
Performance
CPLB vs. MMMA - Performance Comparison
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Returns By Period
In the year-to-date period, CPLB achieves a 0.10% return, which is significantly lower than MMMA's 2.42% 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%
MMMA
- 1D
- -0.10%
- 1M
- -1.54%
- 6M
- 1.05%
- YTD
- 2.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.63M | $2.45M | $1.64M | |
| $111.36K | $97.19K | $48.83K |
CPLB vs. MMMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CPLB NYLI MacKay Core Plus Bond ETF | 0.10% | 0.41% |
MMMA NYLI MacKay Muni Allocation ETF | 2.42% | 0.35% |
Correlation
The correlation between CPLB and MMMA is 0.63, 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 Dec 16, 2025 | 0.63 |
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Return for Risk
CPLB vs. MMMA — Risk / Return Rank
CPLB
MMMA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CPLB vs. MMMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NYLI MacKay Core Plus Bond ETF (CPLB) and NYLI MacKay Muni Allocation ETF (MMMA). 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 | MMMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.17 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | — | — |
| Martin ratioReturn relative to average drawdown | 3.71 | — | — |
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Drawdowns
CPLB vs. MMMA - Drawdown Comparison
The maximum CPLB drawdown since its inception was -18.96%, which is greater than MMMA's maximum drawdown of -2.79%. Use the drawdown chart below to compare losses from any high point for CPLB and MMMA.
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Drawdown Indicators
| CPLB | MMMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.96% | -2.79% | -16.17% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.03% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.92% | — | — |
Current DrawdownCurrent decline from peak | -1.82% | -1.65% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -0.60% | -6.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | — | — |
Volatility
CPLB vs. MMMA - Volatility Comparison
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Volatility by Period
| CPLB | MMMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.59% | 4.04% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.02% | 4.04% | +0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.99% | 4.04% | +0.95% |
CPLB vs. MMMA - Expense Ratio Comparison
CPLB has a 0.30% expense ratio, which is lower than MMMA's 0.35% expense ratio.
Dividends
CPLB vs. MMMA - Dividend Comparison
CPLB's dividend yield for the trailing twelve months is around 6.01%, more than MMMA's 2.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CPLB NYLI MacKay Core Plus Bond ETF | 5.54% | 5.46% | 5.40% | 4.82% | 3.17% | 0.95% |
MMMA NYLI MacKay Muni Allocation ETF | 2.69% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CPLB and MMMA have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CPLB is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CPLB is cheaper with a 0.30% expense ratio, compared with 0.35% for MMMA.
CPLB has the higher dividend yield at 5.54%, compared with 2.69% for MMMA.
CPLB is categorized as Intermediate Core-Plus Bond, while MMMA is Municipal Bonds. Their fees differ too: 0.30% for CPLB and 0.35% for MMMA.
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