CPLB vs UITB
NYLIM MacKay Core Plus Bond ETF vs VictoryShares Core Intermediate Bond ETF
Which is better, CPLB or UITB?
Nearly the same fund. UITB costs less.
UITB 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 | UITB |
|---|---|---|
| Expense Ratio | 0.30% | 0.25%Best |
| AUM | $407M | $2.6B |
| Dividend Yield | 6.15% | 4.45% |
| Holdings | 996 | 2,449 |
| YTD Return | -1.14%Best | -2.61% |
| 1Y Return | -0.97%Best | -2.55% |
| 3Y Return (annualized) | +5.97%Best | +4.59% |
| 5Y Return (annualized) | +0.20%Best | -0.16% |
| Volatility (annualized) | 6.6% | 6.1%Best |
| Max Drawdown | -19.0% | -17.0%Best |
| $10,000 over 5 years | $10,100Best | $9,920 |
| Fund Family | New York Life Investments | Victory Capital Management Inc. |
| Category | Fixed Income | Fixed Income |
| Inception | Jun 29, 2021 | Oct 24, 2017 |
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 UITB 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 UITB Performance
NYLIM MacKay Core Plus Bond ETF (CPLB) is an ETF from New York Life Investments and VictoryShares Core Intermediate Bond ETF (UITB) is an ETF from Victory Capital Management Inc.. Over the past year CPLB returned -0.97% while UITB returned -2.55%. Year to date, CPLB is down 1.14% versus a loss of 2.61% for UITB.
Over three years, CPLB compounded at +5.97% per year against +4.59% for UITB; over five years the annualized figures are +0.20% and -0.16% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CPLB has been the more volatile fund, with annualized monthly volatility of 6.6% compared with 6.1% for UITB. 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 -17.0% for UITB. 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 UITB 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 4.45% for UITB.
Holdings Overlap
We hold position weights for 438 holdings in CPLB and 831 in UITB, totalling 36.9% and 66.0% 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, 15 positions appear in both.
15 positions in common, counted across the 438 positions we hold weights for in CPLB and 831 in UITB, against full books of 996 and 2,449.
Top Shared Holdings
| Stock | Weight in CPLB | Weight in UITB | Difference |
|---|---|---|---|
| EVRG 5.25 03/15/35Evergy Kansas Central Inc 5.25% Mar 15, 2035 | 0.33% | 0.09% | 0.24% |
| BAC V2.572 10/20/32Bank Of America Corp 2.57 10/20/2032 | 0.19% | 0.14% | 0.05% |
| MS V2.484 09/16/36Morgan Stanley 2.48 09/16/2036 | 0.24% | 0.07% | 0.17% |
| FHN 5.75 05/01/30 BKFirst Horizon Bank 5.750 05/01/2030 | 0.22% | 0.08% | 0.14% |
| DAL 4.75 10/20/28 14Skymiles Ip Ltd. & Delta Air Lines Inc. 4.75% | 0.21% | 0.04% | 0.17% |
| FR SD6766Fhlmc 30Yr Pool#Sd6766 5.500% 01-Nov-2054 | 0.09% | 0.16% | 0.07% |
| OKE 6.25 10/15/55Oneok Inc 6.25% Oct 15, 2055 | 0.15% | 0.07% | 0.08% |
| MS V2.511 10/20/32 MMorgan Stanley 2.511 10/20/2032 | 0.14% | 0.07% | 0.07% |
| COMM 2020-CX ACom 2020 2.173% 11/10/46 | 0.14% | 0.05% | 0.09% |
| CNC 4.625 12/15/29Centene Corp 4.625% 12/15/2029 | 0.10% | 0.04% | 0.06% |
You are not choosing between two funds in isolation.
Whichever of CPLB and UITB 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 UITB?
CPLB has an expense ratio of 0.30% while UITB charges 0.25%. UITB is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, CPLB or UITB?
Over the past year CPLB returned -0.97% vs -2.55% for UITB, 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 UITB?
CPLB has been the more volatile fund at 6.6% annualized versus 6.1% for UITB. Worst drawdown: CPLB -19.0% vs UITB -17.0%.
Should I hold both CPLB and UITB?
CPLB and UITB 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 UITB?
CPLB yields 6.15% while UITB yields 4.45%, so CPLB currently pays the higher dividend yield.
Is UITB better than CPLB?
UITB 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.