DBND vs. BCPL

Last updated Jun 4, 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 0.89 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: -0.11%
• 1M: 0.03%
• YTD: -0.21%
• 6M: -0.07%
• 1Y: 4.85%
• 3Y*: 4.50%
• 5Y*: —
• 10Y*: —

BCPL

• 1D: -0.08%
• 1M: 0.38%
• 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	-0.46%
BCPL BNY Mellon Core Plus ETF	0.55%

Correlation

The correlation between DBND and BCPL is 0.89, 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 13, 2026	0.89

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: 39
DBND Sharpe Ratio Rank: 42
DBND Sortino Ratio Rank: 45
DBND Omega Ratio Rank: 41
DBND Calmar Ratio Rank: 35
DBND Martin Ratio Rank: 34

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.

	DBND	BCPL	Difference
Sharpe ratio: Return per unit of total volatility	1.48	—	—
Sortino ratio: Return per unit of downside risk	2.23	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	1.72	—	—
Martin ratio: Return relative to average drawdown	5.10	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DBND	BCPL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.36	+0.12

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	-1.80%	-1.12%	-0.68%
Average Drawdown Average peak-to-trough decline	-2.27%	-1.05%	-1.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	—	—

Volatility

Volatility by Period

	DBND	BCPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.30%	4.04%	-0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.09%	4.04%	+1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.09%	4.04%	+1.05%

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 4.79%, more than BCPL's 1.57% yield.

Position	TTM	2025	2024	2023	2022
BCPL BNY Mellon Core Plus ETF	1.57%	0.00%	0.00%	0.00%	0.00%
DBND DoubleLine Opportunistic Bond ETF	4.79%	4.78%	5.19%	4.39%	2.74%

Frequently Asked Questions

Can I hold both DBND and BCPL in my portfolio?

DBND and BCPL have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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 4.79%, compared with 1.57% 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.