ABNFX vs. CGCP
Compare and contrast key facts about American Funds The Bond Fund of America® Class F-2 (ABNFX) and Capital Group Core Plus Income ETF (CGCP).
ABNFX is managed by American Funds. It was launched on Aug 4, 2008. CGCP is an actively managed fund by Capital Group. It was launched on Feb 22, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABNFX or CGCP.
Performance
ABNFX vs. CGCP - Performance Comparison
Returns By Period
In the year-to-date period, ABNFX achieves a 1.29% return, which is significantly lower than CGCP's 2.93% return.
ABNFX
1.29%
-0.76%
3.23%
6.65%
-0.45%
1.29%
CGCP
2.93%
-0.56%
3.38%
7.92%
N/A
N/A
Key characteristics
| ABNFX | CGCP | |
|---|---|---|
| Sharpe Ratio | 1.05 | 1.37 |
| Sortino Ratio | 1.54 | 2.03 |
| Omega Ratio | 1.19 | 1.25 |
| Calmar Ratio | 0.38 | 0.85 |
| Martin Ratio | 3.33 | 4.62 |
| Ulcer Index | 1.85% | 1.67% |
| Daily Std Dev | 5.87% | 5.65% |
| Max Drawdown | -19.92% | -15.07% |
| Current Drawdown | -10.84% | -3.12% |
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ABNFX vs. CGCP - Expense Ratio Comparison
ABNFX has a 0.35% expense ratio, which is higher than CGCP's 0.34% expense ratio.
Correlation
The correlation between ABNFX and CGCP is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
ABNFX vs. CGCP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The Bond Fund of America® Class F-2 (ABNFX) and Capital Group Core Plus Income ETF (CGCP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ABNFX vs. CGCP - Dividend Comparison
ABNFX's dividend yield for the trailing twelve months is around 4.50%, less than CGCP's 5.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABNFX American Funds The Bond Fund of America® Class F-2 | 4.50% | 3.84% | 2.97% | 1.68% | 2.12% | 2.57% | 2.66% | 2.10% | 1.97% | 2.23% | 2.40% | 3.89% |
CGCP Capital Group Core Plus Income ETF | 5.21% | 4.98% | 2.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ABNFX vs. CGCP - Drawdown Comparison
The maximum ABNFX drawdown since its inception was -19.92%, which is greater than CGCP's maximum drawdown of -15.07%. Use the drawdown chart below to compare losses from any high point for ABNFX and CGCP. For additional features, visit the drawdowns tool.
Volatility
ABNFX vs. CGCP - Volatility Comparison
American Funds The Bond Fund of America® Class F-2 (ABNFX) has a higher volatility of 1.42% compared to Capital Group Core Plus Income ETF (CGCP) at 1.26%. This indicates that ABNFX's price experiences larger fluctuations and is considered to be riskier than CGCP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.