SYSB vs. BCPL

Last updated Jul 14, 2026

SYSB (iShares Systematic Bond ETF) and BCPL (BNY Mellon Core Plus ETF) are both Intermediate Core-Plus Bond funds. SYSB is passively managed, while BCPL is actively managed. Their correlation of 0.91 suggests significant overlap in exposure. SYSB charges 0.25%/yr vs 0.40%/yr for BCPL.

Performance

SYSB vs. BCPL - Performance Comparison

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

Returns By Period

SYSB

• 1D: -0.36%
• 1M: -0.62%
• 6M: -0.47%
• YTD: -0.22%
• 1Y: 3.91%
• 3Y*: 6.43%
• 5Y*: 1.34%
• 10Y*: 2.14%

BCPL

• 1D: -0.36%
• 1M: -0.81%
• 6M: -0.06%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SYSB vs. BCPL - Yearly Performance Comparison

	2026 (YTD)
SYSB iShares Systematic Bond ETF	-0.64%
BCPL BNY Mellon Core Plus ETF	-0.18%

Correlation

The correlation between SYSB and BCPL 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 Jan 12, 2026	0.91

Return for Risk

SYSB vs. BCPL — Risk / Return Rank

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

SYSB

SYSB Risk / Return Rank: 32
SYSB Sharpe Ratio Rank: 34
SYSB Sortino Ratio Rank: 32
SYSB Omega Ratio Rank: 31
SYSB Calmar Ratio Rank: 32
SYSB Martin Ratio Rank: 31

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.

SYSB vs. BCPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Systematic Bond ETF (SYSB) 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.

	SYSB	BCPL	Difference
Sharpe ratio: Return per unit of total volatility	0.98	—	—
Sortino ratio: Return per unit of downside risk	1.42	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	1.31	—	—
Martin ratio: Return relative to average drawdown	3.61	—	—

Drawdowns

SYSB vs. BCPL - Drawdown Comparison

The maximum SYSB drawdown since its inception was -18.47%, which is greater than BCPL's maximum drawdown of -2.95%. Use the drawdown chart below to compare losses from any high point for SYSB and BCPL.

Drawdown Indicators

	SYSB	BCPL	Difference
Max Drawdown Largest peak-to-trough decline	-18.47%	-2.95%	-15.52%
Max Drawdown (1Y) Largest decline over 1 year	-2.99%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-2.99%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-18.47%	—	—
Current Drawdown Current decline from peak	-2.07%	-1.72%	-0.35%
Average Drawdown Average peak-to-trough decline	-3.26%	-1.02%	-2.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	—	—

Volatility

Volatility by Period

	SYSB	BCPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.00%	4.01%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.65%	4.01%	+1.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.93%	4.01%	+0.92%

SYSB vs. BCPL - Expense Ratio Comparison

SYSB has a 0.25% expense ratio, which is lower than BCPL's 0.40% expense ratio.

Dividends

SYSB vs. BCPL - Dividend Comparison

SYSB's dividend yield for the trailing twelve months is around 4.59%, more than BCPL's 1.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BCPL BNY Mellon Core Plus ETF	1.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SYSB iShares Systematic Bond ETF	4.59%	4.78%	5.04%	4.44%	3.27%	1.92%	2.57%	3.27%	3.61%	2.74%	2.92%	2.26%

Frequently Asked Questions

Can I hold both SYSB and BCPL in my portfolio?

With a correlation of 0.91, SYSB 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, SYSB or BCPL?

On fees, SYSB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SYSB or BCPL?

SYSB is cheaper with a 0.25% expense ratio, compared with 0.40% for BCPL.

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

SYSB has the higher dividend yield at 4.59%, compared with 1.94% for BCPL.

What is the main difference between SYSB and BCPL?

They also come from different issuers: iShares and BNY Mellon. Their fees differ too: 0.25% for SYSB and 0.40% for BCPL.