CGCB vs. CGCP

Last updated Jun 4, 2026

CGCB (Capital Group Core Bond ETF) and CGCP (Capital Group Core Plus Income ETF) are both exchange-traded funds - CGCB is a Intermediate Core Bond fund actively managed by Capital Group, while CGCP is a Intermediate Core-Plus Bond fund actively managed by Capital Group. Both are actively managed. Over the past year, CGCB returned 5.06% vs 5.84% for CGCP. Their correlation of 0.92 suggests significant overlap in exposure. CGCB charges 0.27%/yr vs 0.34%/yr for CGCP.

Performance

CGCB vs. CGCP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Core Bond ETF (CGCB) and Capital Group Core Plus Income ETF (CGCP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGCB achieves a 0.05% return, which is significantly lower than CGCP's 0.33% return.

CGCB

• 1D: -0.19%
• 1M: 0.18%
• YTD: 0.05%
• 6M: 0.01%
• 1Y: 5.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CGCP

• 1D: -0.31%
• 1M: 0.27%
• YTD: 0.33%
• 6M: 0.37%
• 1Y: 5.84%
• 3Y*: 5.07%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CGCB vs. CGCP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CGCB Capital Group Core Bond ETF	0.05%	7.29%	1.44%	6.80%
CGCP Capital Group Core Plus Income ETF	0.33%	7.35%	2.95%	7.24%

Correlation

The correlation between CGCB and CGCP is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023	0.92

The correlation between CGCB and CGCP has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

CGCB vs. CGCP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CGCB

CGCB Risk / Return Rank: 35
CGCB Sharpe Ratio Rank: 36
CGCB Sortino Ratio Rank: 37
CGCB Omega Ratio Rank: 33
CGCB Calmar Ratio Rank: 35
CGCB Martin Ratio Rank: 34

CGCP

CGCP Risk / Return Rank: 45
CGCP Sharpe Ratio Rank: 44
CGCP Sortino Ratio Rank: 47
CGCP Omega Ratio Rank: 44
CGCP Calmar Ratio Rank: 45
CGCP Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CGCB vs. CGCP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Core Bond ETF (CGCB) and Capital Group Core Plus Income ETF (CGCP). 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	CGCP	Difference
Sharpe ratio: Return per unit of total volatility	1.29	1.58	-0.29
Sortino ratio: Return per unit of downside risk	1.92	2.36	-0.44
Omega ratio: Gain probability vs. loss probability	1.22	1.29	-0.06
Calmar ratio: Return relative to maximum drawdown	1.71	2.27	-0.56
Martin ratio: Return relative to average drawdown	5.16	7.46	-2.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGCB vs. CGCP - Sharpe Ratio Comparison

The current CGCB Sharpe Ratio is 1.29, which is comparable to the CGCP Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of CGCB and CGCP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CGCB	CGCP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	1.58	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	0.26	+0.82

Drawdowns

CGCB vs. CGCP - Drawdown Comparison

The maximum CGCB drawdown since its inception was -5.17%, smaller than the maximum CGCP drawdown of -15.06%. Use the drawdown chart below to compare losses from any high point for CGCB and CGCP.

Drawdown Indicators

	CGCB	CGCP	Difference
Max Drawdown Largest peak-to-trough decline	-5.17%	-15.06%	+9.89%
Max Drawdown (1Y) Largest decline over 1 year	-2.98%	-2.59%	-0.39%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.37%	—
Current Drawdown Current decline from peak	-1.83%	-1.16%	-0.67%
Average Drawdown Average peak-to-trough decline	-1.34%	-4.93%	+3.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	0.78%	+0.20%

Volatility

CGCB vs. CGCP - Volatility Comparison

Capital Group Core Bond ETF (CGCB) and Capital Group Core Plus Income ETF (CGCP) have volatilities of 1.32% and 1.33%, 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.

Volatility by Period

	CGCB	CGCP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.32%	1.33%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	2.80%	2.73%	+0.07%
Volatility (1Y) Calculated over the trailing 1-year period	3.94%	3.70%	+0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.39%	6.36%	-0.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.39%	6.36%	-0.97%

CGCB vs. CGCP - Expense Ratio Comparison

CGCB has a 0.27% expense ratio, which is lower than CGCP's 0.34% expense ratio.

Dividends

CGCB vs. CGCP - Dividend Comparison

CGCB's dividend yield for the trailing twelve months is around 4.22%, less than CGCP's 5.16% yield.

Position	TTM	2025	2024	2023	2022
CGCB Capital Group Core Bond ETF	4.22%	4.22%	3.99%	0.95%	0.00%
CGCP Capital Group Core Plus Income ETF	5.16%	5.10%	5.17%	4.98%	2.96%

Frequently Asked Questions

Can I hold both CGCB and CGCP in my portfolio?

With a correlation of 0.94, CGCB and CGCP 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.

Which is riskier, CGCB or CGCP?

CGCP has higher volatility (1.33%) compared to CGCB (1.32%). In terms of maximum drawdown, CGCB dropped -5.17% vs CGCP's -15.06%.

Which ETF is better, CGCB or CGCP?

On 1-year performance, CGCP leads with 5.84% vs 5.06% for CGCB. On fees, CGCB is cheaper at 0.27% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGCB or CGCP?

Over the 1-year period, CGCP has performed better with a 5.84% return vs 5.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGCB or CGCP?

CGCB is cheaper with a 0.27% expense ratio, compared with 0.34% for CGCP.

Which ETF pays a higher dividend yield, CGCB or CGCP?

CGCP has the higher dividend yield at 5.16%, compared with 4.22% for CGCB.

What is the main difference between CGCB and CGCP?

CGCB is categorized as Intermediate Core Bond, while CGCP is Intermediate Core-Plus Bond. Their fees differ too: 0.27% for CGCB and 0.34% for CGCP.

Which has better risk-adjusted returns?

CGCP currently has the higher Sharpe Ratio (1.58 vs 1.29), 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.