DBND vs. BCPL

Last updated Jun 25, 2026

DBND (DoubleLine Opportunistic Bond ETF) and BCPL (BNY Mellon Core Plus ETF) are both Intermediate Core-Plus Bond funds. DBND is passively managed, while BCPL is actively managed. Their correlation of 0.90 suggests significant overlap in exposure. DBND charges 0.50%/yr vs 0.40%/yr for BCPL.

Performance

DBND vs. BCPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Opportunistic Bond ETF (DBND) and BNY Mellon Core Plus ETF (BCPL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DBND

• 1D: 0.37%
• 1M: 0.89%
• YTD: 0.21%
• 6M: 0.27%
• 1Y: 3.90%
• 3Y*: 4.57%
• 5Y*: —
• 10Y*: —

BCPL

• 1D: 0.40%
• 1M: 1.19%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DBND vs. BCPL - Yearly Performance Comparison

	2026 (YTD)
DBND DoubleLine Opportunistic Bond ETF	0.01%
BCPL BNY Mellon Core Plus ETF	0.96%

Correlation

The correlation between DBND and BCPL is 0.90, 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 Jan 12, 2026	0.90

Return for Risk

DBND vs. BCPL — Risk / Return Rank

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

DBND

DBND Risk / Return Rank: 34
DBND Sharpe Ratio Rank: 37
DBND Sortino Ratio Rank: 38
DBND Omega Ratio Rank: 35
DBND Calmar Ratio Rank: 30
DBND Martin Ratio Rank: 29

BCPL

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.

DBND vs. BCPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Opportunistic Bond ETF (DBND) and BNY Mellon Core Plus ETF (BCPL). 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.

	DBND	BCPL	Difference
Sharpe ratio: Return per unit of total volatility	1.21	—	—
Sortino ratio: Return per unit of downside risk	1.80	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.38	—	—
Martin ratio: Return relative to average drawdown	3.75	—	—

Drawdowns

DBND vs. BCPL - Drawdown Comparison

The maximum DBND drawdown since its inception was -9.39%, which is greater than BCPL's maximum drawdown of -2.95%. Use the drawdown chart below to compare losses from any high point for DBND and BCPL.

Drawdown Indicators

	DBND	BCPL	Difference
Max Drawdown Largest peak-to-trough decline	-9.39%	-2.95%	-6.44%
Max Drawdown (1Y) Largest decline over 1 year	-2.83%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.25%	—	—
Current Drawdown Current decline from peak	-1.38%	-0.60%	-0.78%
Average Drawdown Average peak-to-trough decline	-2.26%	-1.04%	-1.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	—	—

Volatility

Volatility by Period

	DBND	BCPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.03%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.26%	4.05%	-0.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.07%	4.05%	+1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.07%	4.05%	+1.02%

DBND vs. BCPL - Expense Ratio Comparison

DBND has a 0.50% expense ratio, which is higher than BCPL's 0.40% expense ratio.

Dividends

DBND vs. BCPL - Dividend Comparison

DBND's dividend yield for the trailing twelve months is around 4.77%, more than BCPL's 1.56% yield.

Position	TTM	2025	2024	2023	2022
BCPL BNY Mellon Core Plus ETF	1.56%	0.00%	0.00%	0.00%	0.00%
DBND DoubleLine Opportunistic Bond ETF	4.77%	4.78%	5.19%	4.39%	2.74%

Frequently Asked Questions

Can I hold both DBND and BCPL in my portfolio?

With a correlation of 0.90, DBND and BCPL 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, DBND or BCPL?

On fees, BCPL is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DBND or BCPL?

BCPL is cheaper with a 0.40% expense ratio, compared with 0.50% for DBND.

Which ETF pays a higher dividend yield, DBND or BCPL?

DBND has the higher dividend yield at 4.77%, compared with 1.56% for BCPL.

What is the main difference between DBND and BCPL?

They also come from different issuers: DoubleLine and BNY Mellon. Their fees differ too: 0.50% for DBND and 0.40% for BCPL.