CPLB vs VYM
CPLB vs VYM
NYLI MacKay Core Plus Bond ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | CPLB | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.04% | |
| AUM | $376M | $79.0B | |
| Dividend Yield | 5.96% | 2.86% | |
| Holdings | 796 | 568 | |
| YTD Return | +1.03% | +15.45% | |
| 1Y Return | +3.25% | +26.05% | |
| 3Y Return (annualized) | +5.58% | +17.96% | |
| 5Y Return (annualized) | +0.43% | +12.54% | |
| Volatility (annualized) | 6.6% | 14.6% | |
| Max Drawdown | -19.0% | -58.8% | |
| Fund Family | INDEXIQ ETF TRUST | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 29, 2021 | Nov 10, 2006 |
CPLB vs VYM Performance
NYLI MacKay Core Plus Bond ETF (CPLB) is a ETF from INDEXIQ ETF TRUST and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CPLB returned +3.25% while VYM returned +26.05%. Year to date, CPLB is up 1.03% versus a gain of 15.45% for VYM.
Over three years, CPLB compounded at +5.58% per year against +17.96% for VYM; over five years the annualized figures are +0.43% and +12.54% respectively. Across the full 5-year window we track, VYM has the edge at +7.06% annualized vs +0.70%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CPLB charges 0.30% per year while VYM charges 0.04%. On a $10,000 position that is $30 vs $4 annually, a gap of $26 per year that compounds over a long holding period. On income, CPLB currently yields 5.96% against 2.86% for VYM.
Holdings Overlap
CPLB and VYM share 0 holdings out of 977 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 VYM?
CPLB has an expense ratio of 0.30% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, CPLB or VYM?
Over the past year CPLB returned +3.25% vs +26.05% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (5 years), CPLB annualized +0.70% vs +7.06% for VYM. Past performance does not guarantee future results.
Which is riskier, CPLB or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 6.6% for CPLB. Worst drawdown: CPLB -19.0% vs VYM -58.8%.
Should I hold both CPLB and VYM?
CPLB and VYM have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CPLB and VYM?
CPLB and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 977 unique securities.
Which pays a higher dividend, CPLB or VYM?
CPLB yields 5.96% while VYM yields 2.86%, so CPLB currently pays the higher dividend yield.
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