EYEG vs. CPLS

Last updated Jun 4, 2026

EYEG (AB Corporate Bond ETF) and CPLS (AB Core Plus Bond ETF) are both exchange-traded funds - EYEG is a Corporate Bonds fund actively managed by AllianceBernstein, while CPLS is a Intermediate Core-Plus Bond fund actively managed by AllianceBernstein. Both are actively managed. Over the past year, EYEG returned 5.83% vs 5.19% for CPLS. With a 0.96 correlation, they move nearly in lockstep. EYEG charges 0.30%/yr vs 0.33%/yr for CPLS.

Performance

EYEG vs. CPLS - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with EYEG having a 0.37% return and CPLS slightly lower at 0.36%.

EYEG

• 1D: -0.22%
• 1M: 0.60%
• YTD: 0.37%
• 6M: 0.15%
• 1Y: 5.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CPLS

• 1D: -0.17%
• 1M: 0.20%
• YTD: 0.36%
• 6M: 0.14%
• 1Y: 5.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EYEG vs. CPLS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EYEG AB Corporate Bond ETF	0.37%	7.42%	3.17%	1.41%
CPLS AB Core Plus Bond ETF	0.36%	6.91%	1.65%	1.21%

Correlation

The correlation between EYEG and CPLS is 0.94, 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	0.94
Correlation (All Time) Calculated using the full available price history since Dec 14, 2023	0.96

The correlation between EYEG and CPLS has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

EYEG vs. CPLS — Risk / Return Rank

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

EYEG

EYEG Risk / Return Rank: 38
EYEG Sharpe Ratio Rank: 37
EYEG Sortino Ratio Rank: 39
EYEG Omega Ratio Rank: 35
EYEG Calmar Ratio Rank: 42
EYEG Martin Ratio Rank: 39

CPLS

CPLS Risk / Return Rank: 40
CPLS Sharpe Ratio Rank: 38
CPLS Sortino Ratio Rank: 40
CPLS Omega Ratio Rank: 37
CPLS Calmar Ratio Rank: 43
CPLS Martin Ratio Rank: 42

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.

EYEG vs. CPLS - Risk-Adjusted Trends Comparison

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

	EYEG	CPLS	Difference
Sharpe ratio: Return per unit of total volatility	1.34	1.35	-0.01
Sortino ratio: Return per unit of downside risk	1.98	2.04	-0.06
Omega ratio: Gain probability vs. loss probability	1.23	1.24	0.00
Calmar ratio: Return relative to maximum drawdown	2.06	2.11	-0.05
Martin ratio: Return relative to average drawdown	6.03	6.61	-0.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EYEG vs. CPLS - Sharpe Ratio Comparison

The current EYEG Sharpe Ratio is 1.34, which is comparable to the CPLS Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of EYEG and CPLS, 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

	EYEG	CPLS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	1.35	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.85	+0.07

Drawdowns

EYEG vs. CPLS - Drawdown Comparison

The maximum EYEG drawdown since its inception was -4.66%, which is greater than CPLS's maximum drawdown of -4.43%. Use the drawdown chart below to compare losses from any high point for EYEG and CPLS.

Drawdown Indicators

	EYEG	CPLS	Difference
Max Drawdown Largest peak-to-trough decline	-4.66%	-4.43%	-0.23%
Max Drawdown (1Y) Largest decline over 1 year	-2.84%	-2.47%	-0.37%
Current Drawdown Current decline from peak	-0.94%	-1.20%	+0.26%
Average Drawdown Average peak-to-trough decline	-1.25%	-1.24%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	0.79%	+0.18%

Volatility

EYEG vs. CPLS - Volatility Comparison

AB Corporate Bond ETF (EYEG) and AB Core Plus Bond ETF (CPLS) have volatilities of 1.41% and 1.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EYEG	CPLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	1.38%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	3.17%	2.86%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	4.36%	3.87%	+0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.47%	4.82%	+0.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.47%	4.82%	+0.65%

EYEG vs. CPLS - Expense Ratio Comparison

EYEG has a 0.30% expense ratio, which is lower than CPLS's 0.33% expense ratio.

Dividends

EYEG vs. CPLS - Dividend Comparison

EYEG's dividend yield for the trailing twelve months is around 4.94%, more than CPLS's 4.62% yield.

Position	TTM	2025	2024	2023
CPLS AB Core Plus Bond ETF	4.62%	4.66%	4.71%	0.23%
EYEG AB Corporate Bond ETF	4.94%	4.94%	6.07%	0.25%

Frequently Asked Questions

Can I hold both EYEG and CPLS in my portfolio?

With a correlation of 0.94, EYEG and CPLS 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 is riskier, EYEG or CPLS?

EYEG has higher volatility (1.41%) compared to CPLS (1.38%). In terms of maximum drawdown, EYEG dropped -4.66% vs CPLS's -4.43%.

Which ETF is better, EYEG or CPLS?

On 1-year performance, EYEG leads with 5.83% vs 5.19% for CPLS. On fees, EYEG 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, EYEG or CPLS?

Over the 1-year period, EYEG has performed better with a 5.83% return vs 5.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EYEG or CPLS?

EYEG is cheaper with a 0.30% expense ratio, compared with 0.33% for CPLS.

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

EYEG has the higher dividend yield at 4.94%, compared with 4.62% for CPLS.

What is the main difference between EYEG and CPLS?

EYEG is categorized as Corporate Bonds, while CPLS is Intermediate Core-Plus Bond. Their fees differ too: 0.30% for EYEG and 0.33% for CPLS.

Which has better risk-adjusted returns?

CPLS currently has the higher Sharpe Ratio (1.35 vs 1.34), 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.