TUNIX vs. CPLB
TUNIX (Transamerica Unconstrained Bond) and CPLB (NYLI MacKay Core Plus Bond ETF) are both funds - TUNIX is a Nontraditional Bonds fund managed by Transamerica, while CPLB is a Intermediate Core-Plus Bond fund actively managed by NYLI. Over the past 5 years, TUNIX returned 2.09%/yr vs 0.42%/yr for CPLB. Their 0.62 correlation means they have sometimes moved together and sometimes differently. TUNIX charges 0.80%/yr vs 0.30%/yr for CPLB.
Performance
TUNIX vs. CPLB - Performance Comparison
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Returns By Period
In the year-to-date period, TUNIX achieves a 0.66% return, which is significantly higher than CPLB's 0.10% return.
TUNIX
- 1D
- 0.00%
- 1M
- -1.03%
- 6M
- 0.14%
- YTD
- 0.66%
- 1Y
- 3.95%
- 3Y*
- 5.36%
- 5Y*
- 2.09%
- 10Y*
- 3.30%
- ALL TIME*
- 3.21%
CPLB
- 1D
- -0.20%
- 1M
- -1.01%
- 6M
- -0.25%
- YTD
- 0.10%
- 1Y
- 2.84%
- 3Y*
- 5.40%
- 5Y*
- 0.42%
- 10Y*
- —
- ALL TIME*
- 0.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.63M | $2.45M | $1.64M | |
| $0.00 | $0.00 | $0.00 |
TUNIX vs. CPLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TUNIX Transamerica Unconstrained Bond | 0.66% | 8.00% | 4.68% | 5.41% | -7.40% | 0.05% |
CPLB NYLI MacKay Core Plus Bond ETF | 0.10% | 7.76% | 4.19% | 7.16% | -14.44% | 0.35% |
Correlation
The correlation between TUNIX and CPLB is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2021 | 0.62 |
The correlation between TUNIX and CPLB has been stable across timeframes, ranging from 0.62 to 0.72 - a consistent structural relationship.
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Return for Risk
TUNIX vs. CPLB — Risk / Return Rank
TUNIX
CPLB
TUNIX vs. CPLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Transamerica Unconstrained Bond (TUNIX) 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.
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.
| TUNIX | CPLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.17 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 1.36 | +0.67 |
| Martin ratioReturn relative to average drawdown | 8.43 | 3.71 | +4.73 |
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Drawdowns
TUNIX vs. CPLB - Drawdown Comparison
The maximum TUNIX drawdown since its inception was -14.31%, smaller than the maximum CPLB drawdown of -18.96%. Use the drawdown chart below to compare losses from any high point for TUNIX and CPLB.
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Drawdown Indicators
| TUNIX | CPLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.31% | -18.96% | +4.65% |
Max Drawdown (1Y)Largest decline over 1 year | -2.39% | -2.60% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -2.82% | -5.03% | +2.21% |
Max Drawdown (5Y)Largest decline over 5 years | -14.11% | -18.92% | +4.81% |
Max Drawdown (10Y)Largest decline over 10 years | -14.31% | — | — |
Current DrawdownCurrent decline from peak | -1.03% | -1.82% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -3.00% | -6.89% | +3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 0.95% | -0.38% |
Volatility
TUNIX vs. CPLB - Volatility Comparison
The current volatility for Transamerica Unconstrained Bond (TUNIX) is 0.74%, while NYLI MacKay Core Plus Bond ETF (CPLB) has a volatility of 0.81%. This indicates that TUNIX experiences smaller price fluctuations and is considered to be less risky than CPLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TUNIX | CPLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.81% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.63% | 2.80% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 3.59% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.68% | 5.02% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.16% | 4.99% | -0.83% |
TUNIX vs. CPLB - Expense Ratio Comparison
TUNIX has a 0.80% expense ratio, which is higher than CPLB's 0.30% expense ratio.
Dividends
TUNIX vs. CPLB - Dividend Comparison
TUNIX's dividend yield for the trailing twelve months is around 6.05%, which matches CPLB's 6.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPLB NYLI MacKay Core Plus Bond ETF | 5.54% | 5.46% | 5.40% | 4.82% | 3.17% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TUNIX Transamerica Unconstrained Bond | 6.05% | 6.17% | 7.06% | 3.61% | 2.26% | 8.72% | 2.95% | 3.84% | 4.15% | 2.55% | 3.79% | 3.44% |
Frequently Asked Questions
TUNIX and CPLB have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CPLB has higher volatility (0.81%) compared to TUNIX (0.74%). In terms of maximum drawdown, TUNIX dropped -14.31% vs CPLB's -18.96%.
TUNIX currently has the higher Sharpe Ratio (1.50 vs 0.98), 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.
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