ZHOG vs. BCPL

Last updated Jun 24, 2026

ZHOG (F/m Opportunistic Income ETF) and BCPL (BNY Mellon Core Plus ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Their correlation of 0.80 suggests significant overlap in exposure. ZHOG charges 0.43%/yr vs 0.40%/yr for BCPL.

Performance

ZHOG vs. BCPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in F/m Opportunistic Income ETF (ZHOG) and BNY Mellon Core Plus ETF (BCPL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ZHOG

• 1D: 0.06%
• 1M: 0.37%
• YTD: 0.81%
• 6M: 1.02%
• 1Y: 4.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BCPL

• 1D: 0.04%
• 1M: 0.79%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ZHOG vs. BCPL - Yearly Performance Comparison

	2026 (YTD)
ZHOG F/m Opportunistic Income ETF	0.38%
BCPL BNY Mellon Core Plus ETF	0.55%

Correlation

The correlation between ZHOG and BCPL is 0.80, 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	0.80

Return for Risk

ZHOG vs. BCPL — Risk / Return Rank

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

ZHOG

ZHOG Risk / Return Rank: 88
ZHOG Sharpe Ratio Rank: 92
ZHOG Sortino Ratio Rank: 95
ZHOG Omega Ratio Rank: 93
ZHOG Calmar Ratio Rank: 76
ZHOG Martin Ratio Rank: 83

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.

ZHOG vs. BCPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Opportunistic Income ETF (ZHOG) 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.

	ZHOG	BCPL	Difference
Sharpe ratio: Return per unit of total volatility	3.01	—	—
Sortino ratio: Return per unit of downside risk	4.63	—	—
Omega ratio: Gain probability vs. loss probability	1.60	—	—
Calmar ratio: Return relative to maximum drawdown	3.64	—	—
Martin ratio: Return relative to average drawdown	15.65	—	—

Drawdowns

ZHOG vs. BCPL - Drawdown Comparison

The maximum ZHOG drawdown since its inception was -3.66%, which is greater than BCPL's maximum drawdown of -2.95%. Use the drawdown chart below to compare losses from any high point for ZHOG and BCPL.

Drawdown Indicators

	ZHOG	BCPL	Difference
Max Drawdown Largest peak-to-trough decline	-3.66%	-2.95%	-0.71%
Max Drawdown (1Y) Largest decline over 1 year	-1.31%	—	—
Current Drawdown Current decline from peak	-0.22%	-1.00%	+0.78%
Average Drawdown Average peak-to-trough decline	-0.69%	-1.04%	+0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.30%	—	—

Volatility

Volatility by Period

	ZHOG	BCPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.58%	4.02%	-2.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.98%	4.02%	-0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.98%	4.02%	-0.04%

ZHOG vs. BCPL - Expense Ratio Comparison

ZHOG has a 0.43% expense ratio, which is higher than BCPL's 0.40% expense ratio.

Dividends

ZHOG vs. BCPL - Dividend Comparison

ZHOG's dividend yield for the trailing twelve months is around 5.11%, more than BCPL's 1.56% yield.

Position	TTM	2025	2024	2023
BCPL BNY Mellon Core Plus ETF	1.56%	0.00%	0.00%	0.00%
ZHOG F/m Opportunistic Income ETF	5.11%	5.35%	5.50%	1.70%

Frequently Asked Questions

Can I hold both ZHOG and BCPL in my portfolio?

ZHOG and BCPL have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ZHOG 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, ZHOG or BCPL?

BCPL is cheaper with a 0.40% expense ratio, compared with 0.43% for ZHOG.

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

ZHOG has the higher dividend yield at 5.11%, compared with 1.56% for BCPL.

What is the main difference between ZHOG and BCPL?

They also come from different issuers: F/m Investments and BNY Mellon. Their fees differ too: 0.43% for ZHOG and 0.40% for BCPL.