CGBL vs. ABALX
Compare and contrast key facts about Capital Group Core Balanced ETF (CGBL) and American Funds American Balanced Fund Class A (ABALX).
CGBL is an actively managed fund by Capital Group. It was launched on Sep 26, 2023. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGBL or ABALX.
Key characteristics
| CGBL | ABALX | |
|---|---|---|
| YTD Return | 17.07% | 15.61% |
| 1Y Return | 24.80% | 22.64% |
| Sharpe Ratio | 2.84 | 2.91 |
| Sortino Ratio | 3.97 | 4.15 |
| Omega Ratio | 1.53 | 1.56 |
| Calmar Ratio | 4.52 | 4.27 |
| Martin Ratio | 19.22 | 20.18 |
| Ulcer Index | 1.39% | 1.22% |
| Daily Std Dev | 9.45% | 8.45% |
| Max Drawdown | -5.93% | -39.31% |
| Current Drawdown | -1.25% | -0.89% |
Correlation
The correlation between CGBL and ABALX is 0.97, 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
CGBL vs. ABALX - Performance Comparison
In the year-to-date period, CGBL achieves a 17.07% return, which is significantly higher than ABALX's 15.61% return. 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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CGBL vs. ABALX - Expense Ratio Comparison
CGBL has a 0.33% expense ratio, which is lower than ABALX's 0.56% expense ratio.
Risk-Adjusted Performance
CGBL vs. ABALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Core Balanced ETF (CGBL) and American Funds American Balanced Fund Class A (ABALX). 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
CGBL vs. ABALX - Dividend Comparison
CGBL's dividend yield for the trailing twelve months is around 1.67%, less than ABALX's 2.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGBL Capital Group Core Balanced ETF | 1.67% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ABALX American Funds American Balanced Fund Class A | 2.14% | 2.36% | 1.69% | 1.20% | 1.32% | 1.91% | 2.10% | 1.79% | 1.77% | 2.47% | 8.09% | 1.54% |
Drawdowns
CGBL vs. ABALX - Drawdown Comparison
The maximum CGBL drawdown since its inception was -5.93%, smaller than the maximum ABALX drawdown of -39.31%. Use the drawdown chart below to compare losses from any high point for CGBL and ABALX. For additional features, visit the drawdowns tool.
Volatility
CGBL vs. ABALX - Volatility Comparison
Capital Group Core Balanced ETF (CGBL) has a higher volatility of 2.73% compared to American Funds American Balanced Fund Class A (ABALX) at 2.30%. This indicates that CGBL's price experiences larger fluctuations and is considered to be riskier than ABALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.