CPLB vs SCHI
NYLIM MacKay Core Plus Bond ETF vs Schwab 5-10 Year Corporate Bond ETF
Which is better, CPLB or SCHI?
Nearly the same fund. SCHI costs less.
SCHI has a lower expense ratio. CPLB led over 1Y and 3Y, SCHI over 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 | SCHI |
|---|---|---|
| Expense Ratio | 0.30% | 0.03%Best |
| AUM | $495M | $11.2B |
| Dividend Yield | 5.99% | 5.24% |
| Holdings | 2,141 | 4,768 |
| YTD Return | -0.16%Best | -1.76% |
| 1Y Return | +0.02%Best | -1.42% |
| 3Y Return (annualized) | +5.97%Best | +5.90% |
| 5Y Return (annualized) | +0.41% | +0.75%Best |
| Volatility (annualized) | 6.6%Best | 7.5% |
| Max Drawdown | -19.0%Best | -20.7% |
| $10,000 over 5 years | $10,207 | $10,381Best |
| Fund Family | New York Life Investments | Charles Schwab Asset Management |
| Category | Fixed Income | Fixed Income |
| Inception | Jun 29, 2021 | Oct 10, 2019 |
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 Nov 11, 2026 (5.4 years).
CPLB vs SCHI 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 5.4 years both funds cover.
CPLB vs SCHI Performance
NYLIM MacKay Core Plus Bond ETF (CPLB) is an ETF from New York Life Investments and Schwab 5-10 Year Corporate Bond ETF (SCHI) is an ETF from Charles Schwab Asset Management. Over the past year CPLB returned +0.02% while SCHI returned -1.42%. Year to date, CPLB is down 0.16% versus a loss of 1.76% for SCHI.
Over three years, CPLB compounded at +5.97% per year against +5.90% for SCHI; over five years the annualized figures are +0.41% and +0.75% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHI has been the more volatile fund, with annualized monthly volatility of 7.5% 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 -20.7% for SCHI. 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 SCHI charges 0.03%. On a $10,000 position that is $30 vs $3 annually, a gap of $27 per year that compounds over a long holding period. On income, CPLB currently yields 5.99% against 5.24% for SCHI.
Holdings Overlap
We hold position weights for 500 holdings in CPLB and 1,792 in SCHI, totalling 34.1% and 71.1% 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, 17 positions appear in both.
17 positions in common, counted across the 500 positions we hold weights for in CPLB and 1,792 in SCHI, against full books of 2,141 and 4,768.
Top Shared Holdings
| Stock | Weight in CPLB | Weight in SCHI | Difference |
|---|---|---|---|
| EVRG 5.25 03/15/35Evergy Kansas Central Inc 5.25% Mar 15, 2035 | 0.25% | 0.03% | 0.22% |
| BAC V2.572 10/20/32Bank Of America Corp 2.57 10/20/2032 | 0.15% | 0.13% | 0.02% |
| WSTP V3.02 11/18/36Westpac Banking Corp Regd V/R 3.02000000 | 0.18% | 0.05% | 0.13% |
| MS V2.511 10/20/32 MMorgan Stanley 2.511 10/20/2032 | 0.11% | 0.10% | 0.01% |
| PSD 4.224 03/15/32Puget Energy In 4.224% 3/15/32 | 0.17% | 0.02% | 0.15% |
| EIX 5.25 03/15/32Edison International 5.25% Mar 15, 2032 | 0.17% | 0.02% | 0.15% |
| HBAN V6.141 11/18/39Huntington Ba 6.141 11/39 | 0.15% | 0.03% | 0.12% |
| HNDA 5.15 07/09/32American Honda Finance Corporation 5.15% Jul 09, 2032 | 0.15% | 0.03% | 0.12% |
| KEY 4.9 08/08/32 BKNKeybank National Association 4.9 08/08/2032 | 0.14% | 0.03% | 0.11% |
| C V2.52 11/03/32Citigroup Inc Regd V/R 0.00000000 | 0.10% | 0.07% | 0.03% |
You are not choosing between two funds in isolation.
Whichever of CPLB and SCHI 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 SCHI?
CPLB has an expense ratio of 0.30% while SCHI charges 0.03%. SCHI is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, CPLB or SCHI?
Over the past year CPLB returned +0.02% vs -1.42% for SCHI, 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 SCHI?
SCHI has been the more volatile fund at 7.5% annualized versus 6.6% for CPLB. Worst drawdown: CPLB -19.0% vs SCHI -20.7%.
Should I hold both CPLB and SCHI?
CPLB and SCHI 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 SCHI?
CPLB yields 5.99% while SCHI yields 5.24%, so CPLB currently pays the higher dividend yield.
Is SCHI better than CPLB?
SCHI has a lower expense ratio. CPLB led over 1Y and 3Y, SCHI over 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.