CGCB vs. BIV
CGCB (Capital Group Core Bond ETF) and BIV (Vanguard Intermediate-Term Bond Index ETF) are both Intermediate Core Bond funds. CGCB is actively managed, while BIV is passively managed. Over the past year, CGCB returned 5.06% vs 4.80% for BIV. Their correlation of 0.94 suggests significant overlap in exposure. CGCB charges 0.27%/yr vs 0.03%/yr for BIV.
Performance
CGCB vs. BIV - Performance Comparison
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Returns By Period
In the year-to-date period, CGCB achieves a 0.05% return, which is significantly higher than BIV's -0.24% return.
CGCB
- 1D
- -0.19%
- 1M
- 0.18%
- YTD
- 0.05%
- 6M
- 0.01%
- 1Y
- 5.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BIV
- 1D
- -0.22%
- 1M
- 0.04%
- YTD
- -0.24%
- 6M
- -0.48%
- 1Y
- 4.80%
- 3Y*
- 4.27%
- 5Y*
- 0.25%
- 10Y*
- 1.91%
CGCB vs. BIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CGCB Capital Group Core Bond ETF | 0.05% | 7.29% | 1.44% | 6.80% |
BIV Vanguard Intermediate-Term Bond Index ETF | -0.24% | 8.52% | 1.57% | 6.92% |
Correlation
The correlation between CGCB and BIV is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023 | 0.94 |
The correlation between CGCB and BIV has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
CGCB vs. BIV — Risk / Return Rank
CGCB
BIV
CGCB vs. BIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Core Bond ETF (CGCB) and Vanguard Intermediate-Term Bond Index ETF (BIV). 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.
| CGCB | BIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.52 | +0.19 |
| Martin ratioReturn relative to average drawdown | 5.16 | 4.60 | +0.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CGCB | BIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 1.19 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.04 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.65 | +0.44 |
Drawdowns
CGCB vs. BIV - Drawdown Comparison
The maximum CGCB drawdown since its inception was -5.17%, smaller than the maximum BIV drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for CGCB and BIV.
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Drawdown Indicators
| CGCB | BIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.17% | -18.95% | +13.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -3.18% | +0.20% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.07% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.95% | — |
Current DrawdownCurrent decline from peak | -1.83% | -2.04% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -1.34% | -3.39% | +2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 1.05% | -0.07% |
Volatility
CGCB vs. BIV - Volatility Comparison
Capital Group Core Bond ETF (CGCB) and Vanguard Intermediate-Term Bond Index ETF (BIV) have volatilities of 1.32% and 1.36%, 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.
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Volatility by Period
| CGCB | BIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.36% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 2.90% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.94% | 4.06% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.39% | 6.40% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.39% | 5.50% | -0.11% |
CGCB vs. BIV - Expense Ratio Comparison
CGCB has a 0.27% expense ratio, which is higher than BIV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CGCB vs. BIV - Dividend Comparison
CGCB's dividend yield for the trailing twelve months is around 4.22%, which matches BIV's 4.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond Index ETF | 4.22% | 4.01% | 3.79% | 3.09% | 2.41% | 3.42% | 2.95% | 2.75% | 2.88% | 2.69% | 3.01% | 3.02% |
CGCB Capital Group Core Bond ETF | 4.22% | 4.22% | 3.99% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, CGCB and BIV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BIV has higher volatility (1.36%) compared to CGCB (1.32%). In terms of maximum drawdown, CGCB dropped -5.17% vs BIV's -18.95%.
On 1-year performance, CGCB leads with 5.06% vs 4.80% for BIV. On fees, BIV is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CGCB has performed better with a 5.06% return vs 4.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIV is cheaper with a 0.03% expense ratio, compared with 0.27% for CGCB.
CGCB and BIV have nearly identical dividend yields, around 4.22%.
They also come from different issuers: Capital Group and Vanguard. Their fees differ too: 0.27% for CGCB and 0.03% for BIV.
CGCB currently has the higher Sharpe Ratio (1.29 vs 1.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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