CGCB vs. FBND

Last updated Jun 24, 2026

CGCB (Capital Group Core Bond ETF) and FBND (Fidelity Total Bond ETF) are both exchange-traded funds - CGCB is a Intermediate Core Bond fund actively managed by Capital Group, while FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity. Both are actively managed. Over the past year, CGCB returned 4.33% vs 4.71% for FBND. Their correlation of 0.94 suggests significant overlap in exposure. CGCB charges 0.27%/yr vs 0.36%/yr for FBND.

Performance

CGCB vs. FBND - Performance Comparison

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

Returns By Period

In the year-to-date period, CGCB achieves a 0.39% return, which is significantly lower than FBND's 0.72% return.

CGCB

• 1D: 0.11%
• 1M: 0.75%
• YTD: 0.39%
• 6M: 0.57%
• 1Y: 4.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FBND

• 1D: 0.11%
• 1M: 0.69%
• YTD: 0.72%
• 6M: 0.80%
• 1Y: 4.71%
• 3Y*: 4.73%
• 5Y*: 0.79%
• 10Y*: 2.54%

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

CGCB vs. FBND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CGCB Capital Group Core Bond ETF	0.39%	7.29%	1.44%	7.25%
FBND Fidelity Total Bond ETF	0.72%	7.57%	2.13%	7.29%

Correlation

The correlation between CGCB and FBND 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 28, 2023	0.94

The correlation between CGCB and FBND has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

CGCB vs. FBND — Risk / Return Rank

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

CGCB

CGCB Risk / Return Rank: 31
CGCB Sharpe Ratio Rank: 33
CGCB Sortino Ratio Rank: 33
CGCB Omega Ratio Rank: 30
CGCB Calmar Ratio Rank: 31
CGCB Martin Ratio Rank: 31

FBND

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

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. FBND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Core Bond ETF (CGCB) and Fidelity Total Bond ETF (FBND). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CGCB	FBND	Difference
Sharpe ratio: Return per unit of total volatility	1.11	1.24	-0.12
Sortino ratio: Return per unit of downside risk	1.66	1.84	-0.19
Omega ratio: Gain probability vs. loss probability	1.19	1.21	-0.02
Calmar ratio: Return relative to maximum drawdown	1.46	1.77	-0.31
Martin ratio: Return relative to average drawdown	4.12	5.07	-0.95

CGCB vs. FBND - Sharpe Ratio Comparison

The current CGCB Sharpe Ratio is 1.11, which is comparable to the FBND Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of CGCB and FBND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CGCB vs. FBND - Drawdown Comparison

The maximum CGCB drawdown since its inception was -5.17%, smaller than the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for CGCB and FBND.

Drawdown Indicators

	CGCB	FBND	Difference
Max Drawdown Largest peak-to-trough decline	-5.17%	-17.25%	+12.08%
Max Drawdown (1Y) Largest decline over 1 year	-2.98%	-2.66%	-0.32%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.25%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-17.25%	—
Current Drawdown Current decline from peak	-1.49%	-1.21%	-0.28%
Average Drawdown Average peak-to-trough decline	-1.35%	-3.34%	+1.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	0.93%	+0.12%

Volatility

CGCB vs. FBND - Volatility Comparison

Capital Group Core Bond ETF (CGCB) and Fidelity Total Bond ETF (FBND) have volatilities of 1.08% and 1.13%, 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	FBND	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.08%	1.13%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	2.87%	2.84%	+0.03%
Volatility (1Y) Calculated over the trailing 1-year period	3.92%	3.83%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.37%	5.93%	-0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.37%	6.10%	-0.73%

CGCB vs. FBND - Expense Ratio Comparison

CGCB has a 0.27% expense ratio, which is lower than FBND's 0.36% expense ratio.

Dividends

CGCB vs. FBND - Dividend Comparison

CGCB's dividend yield for the trailing twelve months is around 4.21%, less than FBND's 4.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGCB Capital Group Core Bond ETF	4.21%	4.22%	3.99%	0.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FBND Fidelity Total Bond ETF	4.69%	4.70%	4.73%	4.26%	3.07%	1.86%	4.25%	2.90%	2.93%	2.56%	2.84%	3.26%

Frequently Asked Questions

Can I hold both CGCB and FBND in my portfolio?

With a correlation of 0.96, CGCB and FBND 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 FBND?

FBND has higher volatility (1.13%) compared to CGCB (1.08%). In terms of maximum drawdown, CGCB dropped -5.17% vs FBND's -17.25%.

Which ETF is better, CGCB or FBND?

On 1-year performance, FBND leads with 4.71% vs 4.33% 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 FBND?

Over the 1-year period, FBND has performed better with a 4.71% return vs 4.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGCB or FBND?

CGCB is cheaper with a 0.27% expense ratio, compared with 0.36% for FBND.

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

FBND has the higher dividend yield at 4.69%, compared with 4.21% for CGCB.

What is the main difference between CGCB and FBND?

CGCB is categorized as Intermediate Core Bond, while FBND is Intermediate Core-Plus Bond. They also come from different issuers: Capital Group and Fidelity. Their fees differ too: 0.27% for CGCB and 0.36% for FBND.

Which has better risk-adjusted returns?

FBND currently has the higher Sharpe Ratio (1.24 vs 1.11), 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.