CGCB vs. CGSD
Compare and contrast key facts about Capital Group Core Bond ETF (CGCB) and Capital Group Short Duration Income ETF (CGSD).
CGCB and CGSD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CGCB is an actively managed fund by Capital Group. It was launched on Sep 26, 2023. CGSD is an actively managed fund by Capital Group. It was launched on Oct 25, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGCB or CGSD.
Key characteristics
| CGCB | CGSD | |
|---|---|---|
| YTD Return | 2.05% | 4.59% |
| 1Y Return | 8.64% | 6.90% |
| Sharpe Ratio | 1.44 | 3.13 |
| Sortino Ratio | 2.09 | 4.95 |
| Omega Ratio | 1.25 | 1.65 |
| Calmar Ratio | 2.19 | 7.72 |
| Martin Ratio | 5.05 | 22.73 |
| Ulcer Index | 1.73% | 0.31% |
| Daily Std Dev | 6.06% | 2.22% |
| Max Drawdown | -3.99% | -1.75% |
| Current Drawdown | -3.32% | -0.67% |
Correlation
The correlation between CGCB and CGSD is 0.66, 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
CGCB vs. CGSD - Performance Comparison
In the year-to-date period, CGCB achieves a 2.05% return, which is significantly lower than CGSD's 4.59% 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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CGCB vs. CGSD - Expense Ratio Comparison
CGCB has a 0.27% expense ratio, which is higher than CGSD's 0.25% 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%.
Risk-Adjusted Performance
CGCB vs. CGSD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Core Bond ETF (CGCB) and Capital Group Short Duration Income ETF (CGSD). 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
CGCB vs. CGSD - Dividend Comparison
CGCB's dividend yield for the trailing twelve months is around 3.82%, less than CGSD's 4.60% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
CGCB Capital Group Core Bond ETF | 3.82% | 0.95% | 0.00% |
CGSD Capital Group Short Duration Income ETF | 4.60% | 4.44% | 0.64% |
Drawdowns
CGCB vs. CGSD - Drawdown Comparison
The maximum CGCB drawdown since its inception was -3.99%, which is greater than CGSD's maximum drawdown of -1.75%. Use the drawdown chart below to compare losses from any high point for CGCB and CGSD. For additional features, visit the drawdowns tool.
Volatility
CGCB vs. CGSD - Volatility Comparison
Capital Group Core Bond ETF (CGCB) has a higher volatility of 1.94% compared to Capital Group Short Duration Income ETF (CGSD) at 0.50%. This indicates that CGCB's price experiences larger fluctuations and is considered to be riskier than CGSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.