CPLB vs PFIG
NYLIM MacKay Core Plus Bond ETF vs Invesco Fundamental Investment Grade Corporate Bond ETF
Which is better, CPLB or PFIG?
Nearly the same fund. PFIG costs less.
PFIG has a lower expense ratio. CPLB led over 3Y, PFIG over 1Y, 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 | PFIG |
|---|---|---|
| Expense Ratio | 0.30% | 0.22%Best |
| AUM | $403M | $122M |
| Dividend Yield | 5.98% | 4.48% |
| Holdings | 996 | 1,635 |
| YTD Return | -1.39%Best | -1.43% |
| 1Y Return | -1.09% | -0.60%Best |
| 3Y Return (annualized) | +5.79%Best | +5.18% |
| 5Y Return (annualized) | +0.23% | +1.03%Best |
| Volatility (annualized) | 6.6% | 5.3%Best |
| Max Drawdown | -19.0% | -15.6%Best |
| $10,000 over 5 years | $10,116 | $10,526Best |
| Fund Family | New York Life Investments | Invesco (US) |
| Category | Fixed Income | Fixed Income |
| Inception | Jun 29, 2021 | Sep 15, 2011 |
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 12, 2026 (5.3 years).
CPLB vs PFIG 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 PFIG Performance
NYLIM MacKay Core Plus Bond ETF (CPLB) is an ETF from New York Life Investments and Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG) is an ETF from Invesco (US). Over the past year CPLB returned -1.09% while PFIG returned -0.60%. Year to date, CPLB is down 1.39% versus a loss of 1.43% for PFIG.
Over three years, CPLB compounded at +5.79% per year against +5.18% for PFIG; over five years the annualized figures are +0.23% and +1.03% 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 5.3% for PFIG. 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 -15.6% for PFIG. 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 PFIG charges 0.22%. On a $10,000 position that is $30 vs $22 annually, a gap of $8 per year that compounds over a long holding period. On income, CPLB currently yields 5.98% against 4.48% for PFIG.
Holdings Overlap
We hold position weights for 438 holdings in CPLB and 745 in PFIG, totalling 36.9% and 92.3% 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, 4 positions appear in both.
4 positions in common, counted across the 438 positions we hold weights for in CPLB and 745 in PFIG, against full books of 996 and 1,635.
Top Shared Holdings
| Stock | Weight in CPLB | Weight in PFIG | Difference |
|---|---|---|---|
| EVRG 5.25 03/15/35Evergy Kansas Central Inc 5.25% Mar 15, 2035 | 0.33% | 0.12% | 0.21% |
| CFG 3.25 04/30/30Citizens Financial Group Inc 3.25 Apr 30, 2030 | 0.11% | 0.11% | 0.00% |
| INVH 2 08/15/31Invitation Homes O 2% 08/15/31 | 0.13% | 0.05% | 0.08% |
| AN 4.75 06/01/30Autonation, Inc. 4.75% 6/1/2030 | 0.08% | 0.10% | 0.02% |
You are not choosing between two funds in isolation.
Whichever of CPLB and PFIG 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 PFIG?
CPLB has an expense ratio of 0.30% while PFIG charges 0.22%. PFIG is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, CPLB or PFIG?
Over the past year CPLB returned -1.09% vs -0.60% for PFIG, so PFIG leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CPLB or PFIG?
CPLB has been the more volatile fund at 6.6% annualized versus 5.3% for PFIG. Worst drawdown: CPLB -19.0% vs PFIG -15.6%.
Should I hold both CPLB and PFIG?
CPLB and PFIG 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 PFIG?
CPLB yields 5.98% while PFIG yields 4.48%, so CPLB currently pays the higher dividend yield.
Is PFIG better than CPLB?
PFIG has a lower expense ratio. CPLB led over 3Y, PFIG over 1Y, 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.