CGBL vs. AOA
Compare and contrast key facts about Capital Group Core Balanced ETF (CGBL) and iShares Core Aggressive Allocation ETF (AOA).
CGBL and AOA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CGBL is an actively managed fund by Capital Group. It was launched on Sep 26, 2023. AOA is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Aggressive Index. It was launched on Nov 4, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGBL or AOA.
Key characteristics
| CGBL | AOA | |
|---|---|---|
| YTD Return | 17.07% | 14.90% |
| 1Y Return | 24.80% | 22.27% |
| Sharpe Ratio | 2.84 | 2.53 |
| Sortino Ratio | 3.97 | 3.56 |
| Omega Ratio | 1.53 | 1.47 |
| Calmar Ratio | 4.52 | 3.40 |
| Martin Ratio | 19.22 | 16.66 |
| Ulcer Index | 1.39% | 1.49% |
| Daily Std Dev | 9.45% | 9.81% |
| Max Drawdown | -5.93% | -28.38% |
| Current Drawdown | -1.25% | -1.22% |
Correlation
The correlation between CGBL and AOA 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.
Performance
CGBL vs. AOA - Performance Comparison
In the year-to-date period, CGBL achieves a 17.07% return, which is significantly higher than AOA's 14.90% 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. AOA - Expense Ratio Comparison
CGBL has a 0.33% expense ratio, which is higher than AOA's 0.25% expense ratio.
Risk-Adjusted Performance
CGBL vs. AOA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Core Balanced ETF (CGBL) and iShares Core Aggressive Allocation ETF (AOA). 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. AOA - Dividend Comparison
CGBL's dividend yield for the trailing twelve months is around 1.67%, less than AOA's 2.10% 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% |
AOA iShares Core Aggressive Allocation ETF | 2.10% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.02% | 2.15% | 2.18% | 1.84% |
Drawdowns
CGBL vs. AOA - Drawdown Comparison
The maximum CGBL drawdown since its inception was -5.93%, smaller than the maximum AOA drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for CGBL and AOA. For additional features, visit the drawdowns tool.
Volatility
CGBL vs. AOA - Volatility Comparison
Capital Group Core Balanced ETF (CGBL) and iShares Core Aggressive Allocation ETF (AOA) have volatilities of 2.73% and 2.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.