CPLB vs GTO
NYLIM MacKay Core Plus Bond ETF vs Invesco Total Return Bond ETF
Which is better, CPLB or GTO?
Nearly the same fund. GTO costs less.
GTO has a lower expense ratio. CPLB led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CPLB | GTO |
|---|---|---|
| Expense Ratio | 0.30% | 0.25%Best |
| AUM | $407M | $2.5B |
| Dividend Yield | 6.15% | 5.02% |
| Holdings | 996 | 1,857 |
| YTD Return | -1.14%Best | -1.99% |
| 1Y Return | -0.97%Best | -1.55% |
| 3Y Return (annualized) | +5.97%Best | +5.17% |
| 5Y Return (annualized) | +0.20%Best | -0.58% |
| Volatility (annualized) | 6.6%Best | 6.8% |
| Max Drawdown | -19.0%Best | -20.6% |
| $10,000 over 5 years | $10,100Best | $9,713 |
| Fund Family | New York Life Investments | Invesco (US) |
| Category | Fixed Income | Fixed Income |
| Inception | Jun 29, 2021 | Feb 10, 2016 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown are measured over the window both funds cover: Jun 29, 2021 to Oct 14, 2026 (5.3 years).
CPLB vs GTO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.3 years both funds cover.
CPLB vs GTO Performance
NYLIM MacKay Core Plus Bond ETF (CPLB) is an ETF from New York Life Investments and Invesco Total Return Bond ETF (GTO) is an ETF from Invesco (US). Over the past year CPLB returned -0.97% while GTO returned -1.55%. Year to date, CPLB is down 1.14% versus a loss of 1.99% for GTO.
Over three years, CPLB compounded at +5.97% per year against +5.17% for GTO; over five years the annualized figures are +0.20% and -0.58% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GTO has been the more volatile fund, with annualized monthly volatility of 6.8% compared with 6.6% for CPLB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -19.0% for CPLB and -20.6% for GTO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CPLB charges 0.30% per year while GTO charges 0.25%. On a $10,000 position that is $30 vs $25 annually, a gap of $5 per year that compounds over a long holding period. On income, CPLB currently yields 6.15% against 5.02% for GTO.
Holdings Overlap
We hold position weights for 438 holdings in CPLB and 522 in GTO, totalling 36.9% and 35.6% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 12 positions appear in both.
The two holdings books were reported 47 days apart, CPLB as of Aug 18, 2026 and GTO as of Oct 4, 2026, so some of the difference between them is the time between the two reports rather than the funds.
12 positions in common, counted across the 438 positions we hold weights for in CPLB and 522 in GTO, against full books of 996 and 1,857.
Top Shared Holdings
| Stock | Weight in CPLB | Weight in GTO | Difference |
|---|---|---|---|
| MEXPCP 5.5 08/17/30 | 0.24% | 0.40% | 0.16% |
| FABSJV 6.2 01/25/37Foundry Jv Holdco Llc 6.2% 25-Jan-2037, 6.20%, 01/25/37 | 0.16% | 0.01% | 0.15% |
| AYR 5 09/15/30 144AAircastle Ltd 144A 5% Sep 15, 2030 | 0.14% | 0.02% | 0.12% |
| SUBWAY 2024-1A A2ISubway Funding Llc 6.028 7/30/2054 | 0.09% | 0.07% | 0.02% |
| PCG V7.375 03/15/55Pg&E Corp 7.38% 2055-03-15 | 0.04% | 0.07% | 0.03% |
| RKT 6.125 08/01/30 1Rocket Companies Inc 6.125% | 0.08% | 0.01% | 0.07% |
| TDG 6.375 05/31/33 1Transdigm Inc 6.375% 05/31/33 | 0.08% | 0.01% | 0.07% |
| UBS V4.875 PERP 144AUBS Group, 4.875% perp., USD | 0.04% | 0.05% | 0.01% |
| VENLNG 9.5 02/01/29 | 0.05% | 0.01% | 0.04% |
| EDFElectricite De France 9.125%/Var Perp 144A | 0.04% | 0.02% | 0.02% |
You are not choosing between two funds in isolation.
Whichever of CPLB and GTO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CPLB or GTO?
CPLB has an expense ratio of 0.30% while GTO charges 0.25%. GTO is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, CPLB or GTO?
Over the past year CPLB returned -0.97% vs -1.55% for GTO, so CPLB leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CPLB or GTO?
GTO has been the more volatile fund at 6.8% annualized versus 6.6% for CPLB. Worst drawdown: CPLB -19.0% vs GTO -20.6%.
Should I hold both CPLB and GTO?
CPLB and GTO have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, CPLB or GTO?
CPLB yields 6.15% while GTO yields 5.02%, so CPLB currently pays the higher dividend yield.
Is GTO better than CPLB?
GTO has a lower expense ratio. CPLB led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.