CPLB vs. SJCP

Last updated Jun 23, 2026

CPLB (NYLI MacKay Core Plus Bond ETF) and SJCP (SanJac Alpha Core Plus Bond ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past year, CPLB returned 4.86% vs 4.72% for SJCP. At a 0.36 correlation, their price movements are largely independent. CPLB charges 0.30%/yr vs 0.65%/yr for SJCP.

Performance

CPLB vs. SJCP - Performance Comparison

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

Returns By Period

In the year-to-date period, CPLB achieves a 0.74% return, which is significantly lower than SJCP's 0.94% return.

CPLB

• 1D: -0.19%
• 1M: 0.53%
• YTD: 0.74%
• 6M: 0.85%
• 1Y: 4.86%
• 3Y*: 5.64%
• 5Y*: —
• 10Y*: —

SJCP

• 1D: 0.12%
• 1M: 0.50%
• YTD: 0.94%
• 6M: 1.04%
• 1Y: 4.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CPLB vs. SJCP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CPLB NYLI MacKay Core Plus Bond ETF	0.74%	7.76%	-2.69%
SJCP SanJac Alpha Core Plus Bond ETF	0.94%	6.27%	-0.16%

Correlation

The correlation between CPLB and SJCP is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	0.37

Return for Risk

CPLB vs. SJCP — Risk / Return Rank

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

CPLB

CPLB Risk / Return Rank: 38
CPLB Sharpe Ratio Rank: 39
CPLB Sortino Ratio Rank: 39
CPLB Omega Ratio Rank: 36
CPLB Calmar Ratio Rank: 39
CPLB Martin Ratio Rank: 37

SJCP

SJCP Risk / Return Rank: 59
SJCP Sharpe Ratio Rank: 58
SJCP Sortino Ratio Rank: 60
SJCP Omega Ratio Rank: 71
SJCP Calmar Ratio Rank: 49
SJCP Martin Ratio Rank: 56

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. SJCP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NYLI MacKay Core Plus Bond ETF (CPLB) and SanJac Alpha Core Plus Bond ETF (SJCP). 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	SJCP	Difference
Sharpe ratio: Return per unit of total volatility	1.32	1.89	-0.57
Sortino ratio: Return per unit of downside risk	1.93	2.75	-0.82
Omega ratio: Gain probability vs. loss probability	1.23	1.41	-0.17
Calmar ratio: Return relative to maximum drawdown	1.88	2.36	-0.48
Martin ratio: Return relative to average drawdown	5.46	9.57	-4.11

CPLB vs. SJCP - Sharpe Ratio Comparison

The current CPLB Sharpe Ratio is 1.32, which is lower than the SJCP Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of CPLB and SJCP, 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. SJCP - Drawdown Comparison

The maximum CPLB drawdown since its inception was -18.96%, which is greater than SJCP's maximum drawdown of -2.01%. Use the drawdown chart below to compare losses from any high point for CPLB and SJCP.

Drawdown Indicators

	CPLB	SJCP	Difference
Max Drawdown Largest peak-to-trough decline	-18.96%	-2.01%	-16.95%
Max Drawdown (1Y) Largest decline over 1 year	-2.60%	-2.01%	-0.59%
Max Drawdown (3Y) Largest decline over 3 years	-5.90%	—	—
Current Drawdown Current decline from peak	-1.19%	-0.38%	-0.81%
Average Drawdown Average peak-to-trough decline	-7.02%	-0.27%	-6.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.89%	0.49%	+0.40%

Volatility

CPLB vs. SJCP - Volatility Comparison

NYLI MacKay Core Plus Bond ETF (CPLB) has a higher volatility of 0.99% compared to SanJac Alpha Core Plus Bond ETF (SJCP) at 0.93%. This indicates that CPLB's price experiences larger fluctuations and is considered to be riskier than SJCP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPLB	SJCP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.99%	0.93%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	2.80%	1.86%	+0.94%
Volatility (1Y) Calculated over the trailing 1-year period	3.70%	2.51%	+1.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.03%	2.43%	+2.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.03%	2.43%	+2.60%

CPLB vs. SJCP - Expense Ratio Comparison

CPLB has a 0.30% expense ratio, which is lower than SJCP's 0.65% expense ratio.

Dividends

CPLB vs. SJCP - Dividend Comparison

CPLB's dividend yield for the trailing twelve months is around 5.49%, more than SJCP's 3.80% yield.

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%
SJCP SanJac Alpha Core Plus Bond ETF	3.80%	4.05%	1.40%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CPLB and SJCP in my portfolio?

CPLB and SJCP have a correlation of 0.37, 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 SJCP?

CPLB has higher volatility (0.99%) compared to SJCP (0.93%). In terms of maximum drawdown, CPLB dropped -18.96% vs SJCP's -2.01%.

Which ETF is better, CPLB or SJCP?

On 1-year performance, CPLB leads with 4.86% vs 4.72% for SJCP. 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 SJCP?

Over the 1-year period, CPLB has performed better with a 4.86% return vs 4.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CPLB or SJCP?

CPLB is cheaper with a 0.30% expense ratio, compared with 0.65% for SJCP.

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

CPLB has the higher dividend yield at 5.49%, compared with 3.80% for SJCP.

What is the main difference between CPLB and SJCP?

They also come from different issuers: NYLI and SanJac Alpha. Their fees differ too: 0.30% for CPLB and 0.65% for SJCP.

Which has better risk-adjusted returns?

SJCP currently has the higher Sharpe Ratio (1.89 vs 1.32), 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.