CPLB vs. TOTL

Last updated Jun 3, 2026

CPLB (NYLI MacKay Core Plus Bond ETF) and TOTL (State Street DoubleLine Total Return Tactical ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past 3 years, CPLB returned 5.53%/yr vs 4.46%/yr for TOTL. Their correlation of 0.82 suggests significant overlap in exposure. CPLB charges 0.30%/yr vs 0.55%/yr for TOTL.

Performance

CPLB vs. TOTL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NYLI MacKay Core Plus Bond ETF (CPLB) and State Street DoubleLine Total Return Tactical ETF (TOTL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPLB achieves a 0.81% return, which is significantly higher than TOTL's -0.16% return.

CPLB

• 1D: 0.02%
• 1M: 0.19%
• YTD: 0.81%
• 6M: 0.97%
• 1Y: 5.72%
• 3Y*: 5.53%
• 5Y*: —
• 10Y*: —

TOTL

• 1D: 0.03%
• 1M: -0.19%
• YTD: -0.16%
• 6M: 0.02%
• 1Y: 4.97%
• 3Y*: 4.46%
• 5Y*: 0.69%
• 10Y*: 1.66%

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

CPLB vs. TOTL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CPLB NYLI MacKay Core Plus Bond ETF	0.81%	7.76%	4.19%	7.16%	-14.44%	0.38%
TOTL State Street DoubleLine Total Return Tactical ETF	-0.16%	7.68%	3.15%	5.55%	-11.59%	-0.21%

Correlation

The correlation between CPLB and TOTL is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021	0.82

The correlation between CPLB and TOTL has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.

CPLB vs. TOTL - Sectors Allocation Comparison

Sectors	CPLB	TOTL
Energy	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

CPLB vs. TOTL — Risk / Return Rank

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

CPLB

CPLB Risk / Return Rank: 43
CPLB Sharpe Ratio Rank: 43
CPLB Sortino Ratio Rank: 44
CPLB Omega Ratio Rank: 42
CPLB Calmar Ratio Rank: 42
CPLB Martin Ratio Rank: 41

TOTL

TOTL Risk / Return Rank: 37
TOTL Sharpe Ratio Rank: 40
TOTL Sortino Ratio Rank: 43
TOTL Omega Ratio Rank: 40
TOTL Calmar Ratio Rank: 31
TOTL Martin Ratio Rank: 33

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. TOTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NYLI MacKay Core Plus Bond ETF (CPLB) and State Street DoubleLine Total Return Tactical ETF (TOTL). 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	TOTL	Difference
Sharpe ratio Return per unit of total volatility	1.54	1.45	+0.09
Sortino ratio Return per unit of downside risk	2.26	2.16	+0.10
Omega ratio Gain probability vs. loss probability	1.28	1.26	+0.01
Calmar ratio Return relative to maximum drawdown	2.16	1.58	+0.58
Martin ratio Return relative to average drawdown	6.64	4.93	+1.72
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. TOTL - Sharpe Ratio Comparison

The current CPLB Sharpe Ratio is 1.54, which is comparable to the TOTL Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of CPLB and TOTL, 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	TOTL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	1.45	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.12	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.38	-0.21

Drawdowns

CPLB vs. TOTL - Drawdown Comparison

The maximum CPLB drawdown since its inception was -18.96%, which is greater than TOTL's maximum drawdown of -16.48%. Use the drawdown chart below to compare losses from any high point for CPLB and TOTL.

Drawdown Indicators

	CPLB	TOTL	Difference
Max Drawdown Largest peak-to-trough decline	-18.96%	-16.48%	-2.48%
Max Drawdown (1Y) Largest decline over 1 year	-2.60%	-3.04%	+0.44%
Max Drawdown (3Y) Largest decline over 3 years	-5.90%	-6.60%	+0.70%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-16.48%	—
Current Drawdown Current decline from peak	-1.13%	-1.79%	+0.66%
Average Drawdown Average peak-to-trough decline	-7.08%	-3.13%	-3.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	0.97%	-0.12%

Volatility

CPLB vs. TOTL - Volatility Comparison

NYLI MacKay Core Plus Bond ETF (CPLB) has a higher volatility of 1.32% compared to State Street DoubleLine Total Return Tactical ETF (TOTL) at 1.18%. This indicates that CPLB's price experiences larger fluctuations and is considered to be riskier than TOTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPLB	TOTL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.32%	1.18%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	2.75%	2.47%	+0.28%
Volatility (1Y) Calculated over the trailing 1-year period	3.73%	3.44%	+0.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.04%	5.59%	-0.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.04%	4.78%	+0.26%

CPLB vs. TOTL - Expense Ratio Comparison

CPLB has a 0.30% expense ratio, which is lower than TOTL's 0.55% expense ratio.

Dividends

CPLB vs. TOTL - Dividend Comparison

CPLB's dividend yield for the trailing twelve months is around 5.49%, more than TOTL's 5.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CPLB NYLI MacKay Core Plus Bond ETF	5.49%	5.46%	5.40%	4.82%	3.17%	0.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TOTL State Street DoubleLine Total Return Tactical ETF	5.28%	5.23%	5.35%	4.85%	4.68%	3.07%	2.91%	3.31%	3.41%	3.00%	3.25%	2.67%

Frequently Asked Questions

Can I hold both CPLB and TOTL in my portfolio?

CPLB and TOTL have a correlation of 0.87, 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 TOTL?

CPLB has higher volatility (1.32%) compared to TOTL (1.18%). In terms of maximum drawdown, CPLB dropped -18.96% vs TOTL's -16.48%.

Which ETF is better, CPLB or TOTL?

On 3-year performance, CPLB leads with 5.53% vs 4.46% for TOTL. On fees, CPLB is cheaper at 0.30% per year. On volatility, TOTL has been the lower-risk option at 1.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CPLB or TOTL?

Over the 3-year period, CPLB has performed better with a 5.53% return vs 4.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CPLB or TOTL?

CPLB is cheaper with a 0.30% expense ratio, compared with 0.55% for TOTL.

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

CPLB has the higher dividend yield at 5.49%, compared with 5.28% for TOTL.

What is the main difference between CPLB and TOTL?

They also come from different issuers: NYLI and State Street. Their fees differ too: 0.30% for CPLB and 0.55% for TOTL.

Which has better risk-adjusted returns?

CPLB currently has the higher Sharpe Ratio (1.54 vs 1.45), 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.