BBBS vs. CGSD
Compare and contrast key facts about Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) and Capital Group Short Duration Income ETF (CGSD).
BBBS and CGSD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBBS is a passively managed fund by BondBloxx that tracks the performance of the Bloomberg U.S. Corporate BBB 1-5 Year Index. It was launched on Jan 23, 2024. CGSD is an actively managed fund by Capital Group. It was launched on Oct 25, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBBS or CGSD.
Key characteristics
| BBBS | CGSD | |
|---|---|---|
| Daily Std Dev | 2.39% | 2.22% |
| Max Drawdown | -1.18% | -1.75% |
| Current Drawdown | -0.98% | -0.59% |
Correlation
The correlation between BBBS and CGSD is 0.73, 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.
Performance
BBBS vs. CGSD - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BBBS vs. CGSD - Expense Ratio Comparison
BBBS has a 0.19% expense ratio, which is lower than CGSD's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
BBBS vs. CGSD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) and Capital Group Short Duration Income ETF (CGSD). 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.
Not enough dataDividends
BBBS vs. CGSD - Dividend Comparison
BBBS's dividend yield for the trailing twelve months is around 3.47%, less than CGSD's 4.59% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
BBBS Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF | 3.47% | 0.00% | 0.00% |
CGSD Capital Group Short Duration Income ETF | 4.59% | 4.43% | 0.64% |
Drawdowns
BBBS vs. CGSD - Drawdown Comparison
The maximum BBBS drawdown since its inception was -1.18%, smaller than the maximum CGSD drawdown of -1.75%. Use the drawdown chart below to compare losses from any high point for BBBS and CGSD. For additional features, visit the drawdowns tool.
Volatility
BBBS vs. CGSD - Volatility Comparison
Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) has a higher volatility of 0.54% compared to Capital Group Short Duration Income ETF (CGSD) at 0.48%. This indicates that BBBS's price experiences larger fluctuations and is considered to be riskier than CGSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.