CPLS vs IHYF
AB Core Plus Bond ETF vs Invesco High Yield Bond Factor ETF
Which is better, CPLS or IHYF?
IHYF has been ahead.
CPLS has a lower expense ratio. IHYF led over 1Y and the full window.
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 | IHYF |
|---|---|---|
| Expense Ratio | 0.30%Best | 0.39% |
| AUM | $200M | $134M |
| Dividend Yield | 4.87% | 6.50% |
| Holdings | 818 | 432 |
| Volatility (annualized) | 4.3% | 3.8%Best |
| Max Drawdown | -4.1%Best | -5.3% |
| $10,000 over 2.2 years | $11,201 | $11,903Best |
| Fund Family | AllianceBernstein L.P. | Invesco (US) |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | Dec 13, 2023 | Nov 30, 2020 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 236 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. CPLS has data through Oct 14, 2026 and IHYF through Feb 20, 2026.
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Dec 13, 2023 to Feb 20, 2026 (2.2 years).
Risk: Volatility and Drawdowns
CPLS has been the more volatile fund, with annualized monthly volatility of 4.3% compared with 3.8% for IHYF. 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 -4.1% for CPLS and -5.3% for IHYF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CPLS charges 0.30% per year while IHYF 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 6.50% for IHYF.
Holdings Overlap
At least 3.7% of IHYF's money is in holdings CPLS also owns.
Stated as a floor: for CPLS, our book for it covers 66.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
IHYF and CPLS share little of their money.
The two holdings books were reported 349 days apart, CPLS as of Sep 14, 2026 and IHYF as of Sep 30, 2025, so some of the difference between them is the time between the two reports rather than the funds.
13 positions in common, counted across the 382 positions we hold weights for in CPLS and 396 in IHYF, against full books of 818 and 432.
Top Shared Holdings
| Stock | Weight in CPLS | Weight in IHYF | Difference |
|---|---|---|---|
| CIVI 8.75 07/01/31 1Civitas Resources Inc 144A 8.75% Jul 1, 2031 | 0.18% | 0.49% | 0.31% |
| PRSESE 3.375 08/31/2Corp. Note | 0.06% | 0.47% | 0.41% |
| CRGYFN 8.375 01/15/3Crescent Energy Finance 8.38% 15Jan2034 | 0.03% | 0.50% | 0.47% |
| JBLU 9.875 09/20/31 | 0.20% | 0.32% | 0.12% |
| SMYREA 6 11/01/28 14Srm Escrow Issuer, Llc 611/01/2028 | 0.06% | 0.44% | 0.38% |
| USACUT 9.75 05/15/29Us Acute Care Solutions Llc 9.75% 15May2029 | 0.22% | 0.26% | 0.04% |
| NOVHOL 8.75 04/15/30Clydesdale Acqu 8.75% 04/15/30 | 0.06% | 0.30% | 0.24% |
| CC 8 01/15/33 144AChemours Co 8% 01/15/33 | 0.23% | 0.09% | 0.14% |
| CRGYFN 7.375 01/15/3Crescent Energy Finance Llc 7.38% 15Jan2033 | 0.20% | 0.12% | 0.08% |
| NOVHOL 6.75 04/15/32Clydesdale Acquisition Holdings Inc Aka Novolex 6.75% 04/15/2032 | 0.20% | 0.10% | 0.10% |
You are not choosing between two funds in isolation.
Whichever of CPLS and IHYF 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 IHYF?
CPLS has an expense ratio of 0.30% while IHYF charges 0.39%. CPLS is the cheaper option, by $9 a year on a $10,000 investment.
Which is riskier, CPLS or IHYF?
CPLS has been the more volatile fund at 4.3% annualized versus 3.8% for IHYF. Worst drawdown: CPLS -4.1% vs IHYF -5.3%.
Should I hold both CPLS and IHYF?
CPLS and IHYF have a monthly-return correlation of 0.68, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CPLS and IHYF?
At least 3.7% of IHYF's money is in holdings CPLS also owns. Our book for CPLS is partial, so the real figure is this or higher. They hold 13 positions in common, counted across the 382 positions we hold weights for in CPLS and 396 in IHYF.
Which pays a higher dividend, CPLS or IHYF?
CPLS yields 4.87% while IHYF yields 6.50%, so IHYF currently pays the higher dividend yield.
Is IHYF better than CPLS?
CPLS has a lower expense ratio. IHYF led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.