CGBL vs. YYY
Compare and contrast key facts about Capital Group Core Balanced ETF (CGBL) and Amplify High Income ETF (YYY).
CGBL and YYY 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. YYY is a passively managed fund by Amplify Investments that tracks the performance of the ISE High Income Index. It was launched on Jun 21, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGBL or YYY.
Key characteristics
| CGBL | YYY | |
|---|---|---|
| YTD Return | 17.52% | 15.05% |
| 1Y Return | 27.27% | 23.53% |
| Sharpe Ratio | 2.89 | 2.92 |
| Sortino Ratio | 4.04 | 3.98 |
| Omega Ratio | 1.55 | 1.60 |
| Calmar Ratio | 4.61 | 1.22 |
| Martin Ratio | 19.62 | 19.43 |
| Ulcer Index | 1.39% | 1.20% |
| Daily Std Dev | 9.44% | 7.98% |
| Max Drawdown | -5.93% | -42.52% |
| Current Drawdown | -0.88% | -1.06% |
Correlation
The correlation between CGBL and YYY is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CGBL vs. YYY - Performance Comparison
In the year-to-date period, CGBL achieves a 17.52% return, which is significantly higher than YYY's 15.05% 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. YYY - Expense Ratio Comparison
CGBL has a 0.33% expense ratio, which is lower than YYY's 2.45% expense ratio.
Risk-Adjusted Performance
CGBL vs. YYY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Core Balanced ETF (CGBL) and Amplify High Income ETF (YYY). 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. YYY - Dividend Comparison
CGBL's dividend yield for the trailing twelve months is around 1.66%, less than YYY's 11.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGBL Capital Group Core Balanced ETF | 1.66% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YYY Amplify High Income ETF | 11.91% | 12.39% | 12.36% | 9.08% | 9.79% | 9.10% | 9.73% | 8.83% | 10.34% | 10.77% | 9.54% | 5.14% |
Drawdowns
CGBL vs. YYY - Drawdown Comparison
The maximum CGBL drawdown since its inception was -5.93%, smaller than the maximum YYY drawdown of -42.52%. Use the drawdown chart below to compare losses from any high point for CGBL and YYY. For additional features, visit the drawdowns tool.
Volatility
CGBL vs. YYY - Volatility Comparison
Capital Group Core Balanced ETF (CGBL) has a higher volatility of 2.82% compared to Amplify High Income ETF (YYY) at 2.19%. This indicates that CGBL's price experiences larger fluctuations and is considered to be riskier than YYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.