SECR vs. CPLB

Last updated Jun 3, 2026

SECR (NYLI MacKay Securitized Income ETF) and CPLB (NYLI MacKay Core Plus Bond ETF) are both exchange-traded funds - SECR is a Mortgage Backed Securities fund actively managed by NYLI, while CPLB is a Intermediate Core-Plus Bond fund actively managed by NYLI. Both are actively managed. Over the past year, SECR returned 5.06% vs 5.72% for CPLB. Their correlation of 0.81 suggests significant overlap in exposure. SECR charges 0.28%/yr vs 0.30%/yr for CPLB.

Performance

SECR vs. CPLB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NYLI MacKay Securitized Income ETF (SECR) and NYLI MacKay Core Plus Bond ETF (CPLB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SECR achieves a 0.74% return, which is significantly lower than CPLB's 0.81% return.

SECR

• 1D: -0.00%
• 1M: -0.11%
• YTD: 0.74%
• 6M: 0.73%
• 1Y: 5.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CPLB

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

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

SECR vs. CPLB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SECR NYLI MacKay Securitized Income ETF	0.74%	7.85%	4.71%
CPLB NYLI MacKay Core Plus Bond ETF	0.81%	7.76%	4.11%

Correlation

The correlation between SECR and CPLB is 0.85, 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	0.85
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024	0.81

The correlation between SECR and CPLB has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.

SECR vs. CPLB - Sectors Allocation Comparison

Sectors	SECR	CPLB
Financial Services	0.1%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	100.0%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

SECR vs. CPLB — Risk / Return Rank

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

SECR

SECR Risk / Return Rank: 34
SECR Sharpe Ratio Rank: 35
SECR Sortino Ratio Rank: 36
SECR Omega Ratio Rank: 34
SECR Calmar Ratio Rank: 34
SECR Martin Ratio Rank: 33

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

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.

SECR vs. CPLB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NYLI MacKay Securitized Income ETF (SECR) and NYLI MacKay Core Plus Bond ETF (CPLB). 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.

	SECR	CPLB	Difference
Sharpe ratio Return per unit of total volatility	1.28	1.54	-0.26
Sortino ratio Return per unit of downside risk	1.90	2.26	-0.37
Omega ratio Gain probability vs. loss probability	1.23	1.28	-0.05
Calmar ratio Return relative to maximum drawdown	1.72	2.16	-0.44
Martin ratio Return relative to average drawdown	5.23	6.64	-1.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SECR vs. CPLB - Sharpe Ratio Comparison

The current SECR Sharpe Ratio is 1.28, which is comparable to the CPLB Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of SECR and CPLB, 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

	SECR	CPLB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.28	1.54	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	1.45	0.17	+1.28

Drawdowns

SECR vs. CPLB - Drawdown Comparison

The maximum SECR drawdown since its inception was -3.93%, smaller than the maximum CPLB drawdown of -18.96%. Use the drawdown chart below to compare losses from any high point for SECR and CPLB.

Drawdown Indicators

	SECR	CPLB	Difference
Max Drawdown Largest peak-to-trough decline	-3.93%	-18.96%	+15.03%
Max Drawdown (1Y) Largest decline over 1 year	-2.94%	-2.60%	-0.34%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.90%	—
Current Drawdown Current decline from peak	-1.55%	-1.13%	-0.42%
Average Drawdown Average peak-to-trough decline	-1.07%	-7.08%	+6.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	0.85%	+0.12%

Volatility

SECR vs. CPLB - Volatility Comparison

NYLI MacKay Securitized Income ETF (SECR) has a higher volatility of 1.61% compared to NYLI MacKay Core Plus Bond ETF (CPLB) at 1.32%. This indicates that SECR's price experiences larger fluctuations and is considered to be riskier than CPLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SECR	CPLB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.61%	1.32%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	2.88%	2.75%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	3.96%	3.73%	+0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.63%	5.04%	-0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.63%	5.04%	-0.41%

SECR vs. CPLB - Expense Ratio Comparison

SECR has a 0.28% expense ratio, which is lower than CPLB's 0.30% expense ratio.

Dividends

SECR vs. CPLB - Dividend Comparison

SECR's dividend yield for the trailing twelve months is around 6.27%, more than CPLB's 5.49% yield.

Position	TTM	2025	2024	2023	2022	2021
CPLB NYLI MacKay Core Plus Bond ETF	5.49%	5.46%	5.40%	4.82%	3.17%	0.95%
SECR NYLI MacKay Securitized Income ETF	6.27%	6.68%	3.24%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SECR and CPLB in my portfolio?

SECR and CPLB have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SECR or CPLB?

SECR has higher volatility (1.61%) compared to CPLB (1.32%). In terms of maximum drawdown, SECR dropped -3.93% vs CPLB's -18.96%.

Which ETF is better, SECR or CPLB?

On 1-year performance, CPLB leads with 5.72% vs 5.06% for SECR. On fees, SECR is cheaper at 0.28% per year. On volatility, CPLB has been the lower-risk option at 1.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SECR or CPLB?

Over the 1-year period, CPLB has performed better with a 5.72% return vs 5.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SECR or CPLB?

SECR is cheaper with a 0.28% expense ratio, compared with 0.30% for CPLB.

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

SECR has the higher dividend yield at 6.27%, compared with 5.49% for CPLB.

What is the main difference between SECR and CPLB?

SECR is categorized as Mortgage Backed Securities, while CPLB is Intermediate Core-Plus Bond. Their fees differ too: 0.28% for SECR and 0.30% for CPLB.

Which has better risk-adjusted returns?

CPLB currently has the higher Sharpe Ratio (1.54 vs 1.28), 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.