CPLS vs. WCPB

Last updated Jul 18, 2026

CPLS (AB Core Plus Bond ETF) and WCPB (Weitz Core Plus Bond ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. CPLS charges 0.33%/yr vs 0.45%/yr for WCPB.

Performance

CPLS vs. WCPB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Core Plus Bond ETF (CPLS) and Weitz Core Plus Bond ETF (WCPB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPLS achieves a 0.28% return, which is significantly lower than WCPB's 1.35% return.

CPLS

• 1D: 0.17%
• 1M: -0.18%
• 6M: 0.10%
• YTD: 0.28%
• 1Y: 3.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WCPB

• 1D: 0.04%
• 1M: -0.07%
• 6M: 0.80%
• YTD: 1.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CPLS vs. WCPB - Yearly Performance Comparison

	2026 (YTD)	2025
CPLS AB Core Plus Bond ETF	0.28%	2.35%
WCPB Weitz Core Plus Bond ETF	1.35%	3.01%

Correlation

The correlation between CPLS and WCPB is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 13, 2025	0.91

Return for Risk

CPLS vs. WCPB — Risk / Return Rank

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

CPLS

CPLS Risk / Return Rank: 37
CPLS Sharpe Ratio Rank: 37
CPLS Sortino Ratio Rank: 37
CPLS Omega Ratio Rank: 33
CPLS Calmar Ratio Rank: 41
CPLS Martin Ratio Rank: 38

WCPB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

CPLS vs. WCPB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Core Plus Bond ETF (CPLS) and Weitz Core Plus Bond ETF (WCPB). 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.

	CPLS	WCPB	Difference
Sharpe ratio: Return per unit of total volatility	1.04	—	—
Sortino ratio: Return per unit of downside risk	1.55	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.62	—	—
Martin ratio: Return relative to average drawdown	4.60	—	—

Drawdowns

CPLS vs. WCPB - Drawdown Comparison

The maximum CPLS drawdown since its inception was -4.43%, which is greater than WCPB's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for CPLS and WCPB.

Drawdown Indicators

	CPLS	WCPB	Difference
Max Drawdown Largest peak-to-trough decline	-4.43%	-2.64%	-1.79%
Max Drawdown (1Y) Largest decline over 1 year	-2.47%	—	—
Current Drawdown Current decline from peak	-1.28%	-0.63%	-0.65%
Average Drawdown Average peak-to-trough decline	-1.23%	-0.57%	-0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	—	—

Volatility

Volatility by Period

	CPLS	WCPB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.83%	3.85%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.81%	3.85%	+0.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.81%	3.85%	+0.96%

CPLS vs. WCPB - Expense Ratio Comparison

CPLS has a 0.33% expense ratio, which is lower than WCPB's 0.45% expense ratio.

Dividends

CPLS vs. WCPB - Dividend Comparison

CPLS's dividend yield for the trailing twelve months is around 4.62%, more than WCPB's 3.58% yield.

Position	TTM	2025	2024	2023
CPLS AB Core Plus Bond ETF	4.62%	4.66%	4.71%	0.23%
WCPB Weitz Core Plus Bond ETF	3.58%	1.19%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CPLS and WCPB in my portfolio?

With a correlation of 0.91, CPLS and WCPB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, CPLS or WCPB?

On fees, CPLS is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CPLS or WCPB?

CPLS is cheaper with a 0.33% expense ratio, compared with 0.45% for WCPB.

Which ETF pays a higher dividend yield, CPLS or WCPB?

CPLS has the higher dividend yield at 4.62%, compared with 3.58% for WCPB.

What is the main difference between CPLS and WCPB?

They also come from different issuers: AllianceBernstein and Weitz. Their fees differ too: 0.33% for CPLS and 0.45% for WCPB.