CPLS vs FTRB
AB Core Plus Bond ETF vs Federated Hermes Total Return Bond ETF
Which is better, CPLS or FTRB?
Nearly the same fund. CPLS costs less.
CPLS has a lower expense ratio. FTRB led over 1Y 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 | CPLS | FTRB |
|---|---|---|
| Expense Ratio | 0.30%Best | 0.39% |
| AUM | $200M | $706M |
| Dividend Yield | 4.87% | 4.43% |
| Holdings | 818 | 681 |
| YTD Return | -2.78% | -2.16%Best |
| 1Y Return | -2.71% | -1.59%Best |
| Volatility (annualized) | 4.6% | 4.5%Best |
| Max Drawdown | -4.7%Best | -4.8% |
| $10,000 over 2.8 years | $10,719 | $10,804Best |
| Fund Family | AllianceBernstein L.P. | Federated Hermes |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | Dec 13, 2023 | Jan 2, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Jan 4, 2024 to Oct 14, 2026 (2.8 years).
CPLS vs FTRB 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 2.8 years both funds cover.
CPLS vs FTRB Performance
AB Core Plus Bond ETF (CPLS) is an ETF from AllianceBernstein L.P. and Federated Hermes Total Return Bond ETF (FTRB) is an ETF from Federated Hermes. Over the past year CPLS returned -2.71% while FTRB returned -1.59%. Year to date, CPLS is down 2.78% versus a loss of 2.16% for FTRB.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CPLS has been the more volatile fund, with annualized monthly volatility of 4.6% compared with 4.5% for FTRB. 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 -4.7% for CPLS and -4.8% for FTRB. 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
CPLS charges 0.30% per year while FTRB charges 0.39%. On a $10,000 position that is $30 vs $39 annually, a gap of $9 per year that compounds over a long holding period. On income, CPLS currently yields 4.87% against 4.43% for FTRB.
Holdings Overlap
We hold position weights for 382 holdings in CPLS and 558 in FTRB, totalling 66.6% and 52.5% 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, 33 positions appear in both.
33 positions in common, counted across the 382 positions we hold weights for in CPLS and 558 in FTRB, against full books of 818 and 681.
Top Shared Holdings
| Stock | Weight in CPLS | Weight in FTRB | Difference |
|---|---|---|---|
| T 4.25 11/15/34Us Treas Nts 4.25% 11/15/34 | 1.26% | 0.37% | 0.89% |
| GS V2.615 04/22/32Goldman Sachs Group, Inc., 2.61%, Due 04/22/2032 | 0.15% | 0.20% | 0.05% |
| MS V5.297 04/20/37Morgan Stanley Subordinated 04/37 Var | 0.20% | 0.14% | 0.06% |
| AAPL 3.95 08/08/52Apple Inc 3.95 08/08/2052 | 0.21% | 0.10% | 0.11% |
| ENIIM 5.95 05/15/54 | 0.21% | 0.05% | 0.16% |
| C V2.976 11/05/30Citigroup, Inc. | 0.17% | 0.07% | 0.10% |
| AVGO 4.8 10/15/34Broadcom Inc 4.8% 15/10/2034 | 0.21% | 0.03% | 0.18% |
| META 5.55 08/15/64Meta Platforms, Inc. 0.06% Aug 15/64 | 0.16% | 0.07% | 0.09% |
| BAC V2.687 04/22/32Bank Of America Corp 2.69% 22Apr2032 | 0.14% | 0.08% | 0.06% |
| CMCSA 5.65 06/01/54Comcast Corp 5.65 06/01/2054 | 0.21% | 0.01% | 0.20% |
You are not choosing between two funds in isolation.
Whichever of CPLS and FTRB 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, CPLS or FTRB?
CPLS has an expense ratio of 0.30% while FTRB charges 0.39%. CPLS is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, CPLS or FTRB?
Over the past year CPLS returned -2.71% vs -1.59% for FTRB, so FTRB leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CPLS or FTRB?
CPLS has been the more volatile fund at 4.6% annualized versus 4.5% for FTRB. Worst drawdown: CPLS -4.7% vs FTRB -4.8%.
Should I hold both CPLS and FTRB?
CPLS and FTRB 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, CPLS or FTRB?
CPLS yields 4.87% while FTRB yields 4.43%, so CPLS currently pays the higher dividend yield.
Is FTRB better than CPLS?
CPLS has a lower expense ratio. FTRB led over 1Y 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.