CPLB vs QQQ
CPLB vs QQQ
NYLI MacKay Core Plus Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. CPLB offers more diversification with 419 holdings.
Side-by-Side Comparison
| Metric | CPLB | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.18% | |
| AUM | $376M | $455.8B | |
| Dividend Yield | 5.96% | 0.41% | |
| Holdings | 796 | 108 | |
| YTD Return | +0.34% | +12.48% | |
| 1Y Return | +3.51% | +22.35% | |
| 3Y Return (annualized) | +5.22% | +22.30% | |
| 5Y Return (annualized) | +0.27% | +14.24% | |
| Volatility (annualized) | 6.6% | 30.6% | |
| Max Drawdown | -19.0% | -83.0% | |
| Fund Family | INDEXIQ ETF TRUST | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 29, 2021 | Mar 10, 1999 |
CPLB vs QQQ Performance
NYLI MacKay Core Plus Bond ETF (CPLB) is a ETF from INDEXIQ ETF TRUST and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CPLB returned +3.51% while QQQ returned +22.35%. Year to date, CPLB is up 0.34% versus a gain of 12.48% for QQQ.
Over three years, CPLB compounded at +5.22% per year against +22.30% for QQQ; over five years the annualized figures are +0.27% and +14.24% respectively. Across the full 5-year window we track, QQQ has the edge at +12.91% annualized vs +0.56%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% 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 -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CPLB charges 0.30% per year while QQQ charges 0.18%. On a $10,000 position that is $30 vs $18 annually, a gap of $12 per year that compounds over a long holding period. On income, CPLB currently yields 5.96% against 0.41% for QQQ.
Holdings Overlap
CPLB and QQQ share 0 holdings out of 522 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CPLB or QQQ?
CPLB has an expense ratio of 0.30% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, CPLB or QQQ?
Over the past year CPLB returned +3.51% vs +22.35% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), CPLB annualized +0.56% vs +12.91% for QQQ. Past performance does not guarantee future results.
Which is riskier, CPLB or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 6.6% for CPLB. Worst drawdown: CPLB -19.0% vs QQQ -83.0%.
Should I hold both CPLB and QQQ?
CPLB and QQQ have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CPLB and QQQ?
CPLB and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 522 unique securities.
Which pays a higher dividend, CPLB or QQQ?
CPLB yields 5.96% while QQQ yields 0.41%, so CPLB currently pays the higher dividend yield.
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