TOTL vs. BCPL

Last updated Jul 14, 2026

TOTL (State Street DoubleLine Total Return Tactical ETF) and BCPL (BNY Mellon Core Plus ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. TOTL charges 0.55%/yr vs 0.40%/yr for BCPL.

Performance

TOTL vs. BCPL - Performance Comparison

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

Returns By Period

TOTL

• 1D: -0.41%
• 1M: -0.57%
• 6M: -0.81%
• YTD: -0.68%
• 1Y: 3.48%
• 3Y*: 4.08%
• 5Y*: 0.49%
• 10Y*: 1.52%

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)

TOTL vs. BCPL - Yearly Performance Comparison

	2026 (YTD)
TOTL State Street DoubleLine Total Return Tactical ETF	-0.95%
BCPL BNY Mellon Core Plus ETF	-0.18%

Correlation

The correlation between TOTL 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 12, 2026	0.89

Return for Risk

TOTL vs. BCPL — Risk / Return Rank

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

TOTL

TOTL Risk / Return Rank: 31
TOTL Sharpe Ratio Rank: 34
TOTL Sortino Ratio Rank: 33
TOTL Omega Ratio Rank: 32
TOTL Calmar Ratio Rank: 29
TOTL Martin Ratio Rank: 28

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.

TOTL vs. BCPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street DoubleLine Total Return Tactical ETF (TOTL) 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.

	TOTL	BCPL	Difference
Sharpe ratio: Return per unit of total volatility	1.00	—	—
Sortino ratio: Return per unit of downside risk	1.47	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.15	—	—
Martin ratio: Return relative to average drawdown	3.05	—	—

Drawdowns

TOTL vs. BCPL - Drawdown Comparison

The maximum TOTL drawdown since its inception was -16.48%, which is greater than BCPL's maximum drawdown of -2.95%. Use the drawdown chart below to compare losses from any high point for TOTL and BCPL.

Drawdown Indicators

	TOTL	BCPL	Difference
Max Drawdown Largest peak-to-trough decline	-16.48%	-2.95%	-13.53%
Max Drawdown (1Y) Largest decline over 1 year	-3.04%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.60%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.48%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-16.48%	—	—
Current Drawdown Current decline from peak	-2.30%	-1.72%	-0.58%
Average Drawdown Average peak-to-trough decline	-3.12%	-1.02%	-2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	—	—

Volatility

Volatility by Period

	TOTL	BCPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.27%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.71%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.49%	4.01%	-0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.61%	4.01%	+1.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.79%	4.01%	+0.78%

TOTL vs. BCPL - Expense Ratio Comparison

TOTL has a 0.55% expense ratio, which is higher than BCPL's 0.40% expense ratio.

Dividends

TOTL vs. BCPL - Dividend Comparison

TOTL's dividend yield for the trailing twelve months is around 5.32%, 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%
TOTL State Street DoubleLine Total Return Tactical ETF	5.32%	5.23%	5.35%	4.85%	4.68%	3.07%	2.91%	3.31%	3.41%	3.00%	3.25%	2.67%

Frequently Asked Questions

Can I hold both TOTL and BCPL in my portfolio?

TOTL 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, TOTL 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, TOTL or BCPL?

BCPL is cheaper with a 0.40% expense ratio, compared with 0.55% for TOTL.

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

TOTL has the higher dividend yield at 5.32%, compared with 1.94% for BCPL.

What is the main difference between TOTL and BCPL?

They also come from different issuers: State Street and BNY Mellon. Their fees differ too: 0.55% for TOTL and 0.40% for BCPL.