WCPB vs. CPLB
WCPB (Weitz Core Plus Bond ETF) and CPLB (NYLI MacKay Core Plus Bond ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Their correlation of 0.86 means they have usually moved in the same direction. WCPB charges 0.45%/yr vs 0.30%/yr for CPLB.
Performance
WCPB vs. CPLB - Performance Comparison
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Returns By Period
In the year-to-date period, WCPB achieves a 0.71% return, which is significantly higher than CPLB's 0.23% return.
WCPB
- 1D
- -0.38%
- 1M
- -1.26%
- 6M
- 0.12%
- YTD
- 0.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
CPLB
- 1D
- -0.31%
- 1M
- -1.14%
- 6M
- 0.05%
- YTD
- 0.23%
- 1Y
- 3.48%
- 3Y*
- 5.47%
- 5Y*
- 0.45%
- 10Y*
- —
- ALL TIME*
- 0.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.39M | $2.45M | $1.66M | |
| $2.08M | $1.78M | $1.23M |
WCPB vs. CPLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WCPB Weitz Core Plus Bond ETF | 0.71% | 3.01% |
CPLB NYLI MacKay Core Plus Bond ETF | 0.23% | 2.64% |
Correlation
The correlation between WCPB and CPLB is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 13, 2025 | 0.86 |
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Return for Risk
WCPB vs. CPLB — Risk / Return Rank
WCPB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CPLB
WCPB vs. CPLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Weitz Core Plus Bond ETF (WCPB) 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.
| WCPB | CPLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.34 | — |
| Martin ratioReturn relative to average drawdown | — | 3.72 | — |
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Drawdowns
WCPB vs. CPLB - Drawdown Comparison
The maximum WCPB drawdown since its inception was -2.64%, smaller than the maximum CPLB drawdown of -18.96%. Use the drawdown chart below to compare losses from any high point for WCPB and CPLB.
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Drawdown Indicators
| WCPB | CPLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.64% | -18.96% | +16.32% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.60% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.96% | — |
Current DrawdownCurrent decline from peak | -1.26% | -1.69% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -0.58% | -6.90% | +6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.94% | — |
Volatility
WCPB vs. CPLB - Volatility Comparison
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Volatility by Period
| WCPB | CPLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.81% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.81% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 3.61% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.86% | 5.02% | -1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.86% | 4.99% | -1.13% |
WCPB vs. CPLB - Expense Ratio Comparison
WCPB has a 0.45% expense ratio, which is higher than CPLB's 0.30% expense ratio.
Dividends
WCPB vs. CPLB - Dividend Comparison
WCPB's dividend yield for the trailing twelve months is around 3.60%, less than CPLB's 5.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CPLB NYLI MacKay Core Plus Bond ETF | 5.55% | 5.46% | 5.40% | 4.82% | 3.17% | 0.95% |
WCPB Weitz Core Plus Bond ETF | 3.60% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WCPB and CPLB have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CPLB is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CPLB is cheaper with a 0.30% expense ratio, compared with 0.45% for WCPB.
CPLB has the higher dividend yield at 5.55%, compared with 3.60% for WCPB.
They also come from different issuers: Weitz and NYLI. Their fees differ too: 0.45% for WCPB and 0.30% for CPLB.
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