CGCB vs. HYBB
CGCB (Capital Group Core Bond ETF) and HYBB (iShares BB Rated Corporate Bond ETF) are both exchange-traded funds - CGCB is a Intermediate Core Bond fund actively managed by Capital Group, while HYBB is a High Yield Bonds fund tracking the ICE BofA BB US High Yield Constrained Index (USD). CGCB is actively managed, while HYBB is passively managed. Over the past year, CGCB returned 4.90% vs 6.45% for HYBB. A 0.59 correlation means they provide meaningful diversification when combined. CGCB charges 0.27%/yr vs 0.25%/yr for HYBB.
Performance
CGCB vs. HYBB - Performance Comparison
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Returns By Period
In the year-to-date period, CGCB achieves a -0.30% return, which is significantly lower than HYBB's 1.17% return.
CGCB
- 1D
- 0.00%
- 1M
- -0.77%
- YTD
- -0.30%
- 6M
- 0.15%
- 1Y
- 4.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYBB
- 1D
- 0.04%
- 1M
- 0.03%
- YTD
- 1.17%
- 6M
- 1.84%
- 1Y
- 6.45%
- 3Y*
- 7.83%
- 5Y*
- 3.53%
- 10Y*
- —
CGCB vs. HYBB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CGCB Capital Group Core Bond ETF | -0.30% | 7.29% | 1.44% | 6.80% |
HYBB iShares BB Rated Corporate Bond ETF | 1.17% | 8.95% | 6.35% | 7.23% |
Correlation
The correlation between CGCB and HYBB is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023 | 0.59 |
The correlation between CGCB and HYBB has been stable across timeframes, ranging from 0.59 to 0.60 - a consistent structural relationship.
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Return for Risk
CGCB vs. HYBB — Risk / Return Rank
CGCB
HYBB
CGCB vs. HYBB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Core Bond ETF (CGCB) and iShares BB Rated Corporate Bond ETF (HYBB). 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 | HYBB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.38 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 2.61 | -0.95 |
| Martin ratioReturn relative to average drawdown | 4.88 | 11.74 | -6.85 |
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 | HYBB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.98 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 0.62 | +0.44 |
Drawdowns
CGCB vs. HYBB - Drawdown Comparison
The maximum CGCB drawdown since its inception was -5.17%, smaller than the maximum HYBB drawdown of -15.28%. Use the drawdown chart below to compare losses from any high point for CGCB and HYBB.
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Drawdown Indicators
| CGCB | HYBB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.17% | -15.28% | +10.11% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -2.48% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.28% | — |
Current DrawdownCurrent decline from peak | -2.17% | -0.47% | -1.70% |
Average DrawdownAverage peak-to-trough decline | -1.35% | -3.22% | +1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.55% | +0.46% |
Volatility
CGCB vs. HYBB - Volatility Comparison
Capital Group Core Bond ETF (CGCB) has a higher volatility of 1.26% compared to iShares BB Rated Corporate Bond ETF (HYBB) at 0.92%. This indicates that CGCB's price experiences larger fluctuations and is considered to be riskier than HYBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGCB | HYBB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 0.92% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 2.57% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.91% | 3.29% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 6.93% | -1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.38% | 6.67% | -1.29% |
CGCB vs. HYBB - Expense Ratio Comparison
CGCB has a 0.27% expense ratio, which is higher than HYBB'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%.
Dividends
CGCB vs. HYBB - Dividend Comparison
CGCB's dividend yield for the trailing twelve months is around 4.24%, less than HYBB's 5.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CGCB Capital Group Core Bond ETF | 4.24% | 4.22% | 3.99% | 0.95% | 0.00% | 0.00% | 0.00% |
HYBB iShares BB Rated Corporate Bond ETF | 5.88% | 6.08% | 6.22% | 6.28% | 5.04% | 3.86% | 0.76% |
Frequently Asked Questions
CGCB and HYBB have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGCB has higher volatility (1.26%) compared to HYBB (0.92%). In terms of maximum drawdown, CGCB dropped -5.17% vs HYBB's -15.28%.
On 1-year performance, HYBB leads with 6.45% vs 4.90% for CGCB. On fees, HYBB is cheaper at 0.25% per year. On volatility, HYBB has been the lower-risk option at 0.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HYBB has performed better with a 6.45% return vs 4.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYBB is cheaper with a 0.25% expense ratio, compared with 0.27% for CGCB.
HYBB has the higher dividend yield at 5.88%, compared with 4.24% for CGCB.
CGCB is categorized as Intermediate Core Bond, while HYBB is High Yield Bonds. They also come from different issuers: Capital Group and iShares. Their fees differ too: 0.27% for CGCB and 0.25% for HYBB.
HYBB currently has the higher Sharpe Ratio (1.98 vs 1.26), 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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