CGCB vs. IGEB
CGCB (Capital Group Core Bond ETF) and IGEB (iShares Investment Grade Bond Factor ETF) are both exchange-traded funds - CGCB is a Intermediate Core Bond fund actively managed by Capital Group, while IGEB is a Corporate Bonds fund tracking the BlackRock Investment Grade Enhanced Bond Index. CGCB is actively managed, while IGEB is passively managed. Over the past year, CGCB returned 5.06% vs 5.98% for IGEB. Their correlation of 0.90 suggests significant overlap in exposure. CGCB charges 0.27%/yr vs 0.18%/yr for IGEB.
Performance
CGCB vs. IGEB - Performance Comparison
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Returns By Period
In the year-to-date period, CGCB achieves a 0.05% return, which is significantly lower than IGEB's 0.41% return.
CGCB
- 1D
- -0.19%
- 1M
- 0.18%
- YTD
- 0.05%
- 6M
- 0.01%
- 1Y
- 5.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGEB
- 1D
- -0.22%
- 1M
- 0.57%
- YTD
- 0.41%
- 6M
- 0.32%
- 1Y
- 5.98%
- 3Y*
- 5.88%
- 5Y*
- 1.10%
- 10Y*
- —
CGCB vs. IGEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CGCB Capital Group Core Bond ETF | 0.05% | 7.29% | 1.44% | 6.80% |
IGEB iShares Investment Grade Bond Factor ETF | 0.41% | 8.17% | 3.10% | 8.38% |
Correlation
The correlation between CGCB and IGEB is 0.91, 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 | 0.91 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023 | 0.90 |
The correlation between CGCB and IGEB has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
CGCB vs. IGEB — Risk / Return Rank
CGCB
IGEB
CGCB vs. IGEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Core Bond ETF (CGCB) and iShares Investment Grade Bond Factor ETF (IGEB). 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 | IGEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 2.08 | -0.37 |
| Martin ratioReturn relative to average drawdown | 5.16 | 6.81 | -1.65 |
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 | IGEB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 1.44 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.49 | +0.60 |
Drawdowns
CGCB vs. IGEB - Drawdown Comparison
The maximum CGCB drawdown since its inception was -5.17%, smaller than the maximum IGEB drawdown of -21.13%. Use the drawdown chart below to compare losses from any high point for CGCB and IGEB.
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Drawdown Indicators
| CGCB | IGEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.17% | -21.13% | +15.96% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -2.88% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.97% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.13% | — |
Current DrawdownCurrent decline from peak | -1.83% | -1.03% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -1.34% | -4.90% | +3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.88% | +0.10% |
Volatility
CGCB vs. IGEB - Volatility Comparison
Capital Group Core Bond ETF (CGCB) and iShares Investment Grade Bond Factor ETF (IGEB) 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.
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Volatility by Period
| CGCB | IGEB | 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% | 3.07% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.94% | 4.16% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.39% | 6.70% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.39% | 6.52% | -1.13% |
CGCB vs. IGEB - Expense Ratio Comparison
CGCB has a 0.27% expense ratio, which is higher than IGEB's 0.18% 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. IGEB - Dividend Comparison
CGCB's dividend yield for the trailing twelve months is around 4.22%, less than IGEB's 5.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
IGEB iShares Investment Grade Bond Factor ETF | 5.06% | 4.92% | 5.09% | 4.60% | 3.64% | 3.84% | 3.78% | 5.61% | 3.59% | 1.62% |
Frequently Asked Questions
With a correlation of 0.91, CGCB and IGEB 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.
IGEB has higher volatility (1.33%) compared to CGCB (1.32%). In terms of maximum drawdown, CGCB dropped -5.17% vs IGEB's -21.13%.
On 1-year performance, IGEB leads with 5.98% vs 5.06% for CGCB. On fees, IGEB is cheaper at 0.18% 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, IGEB has performed better with a 5.98% return vs 5.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGEB is cheaper with a 0.18% expense ratio, compared with 0.27% for CGCB.
IGEB has the higher dividend yield at 5.06%, compared with 4.22% for CGCB.
CGCB is categorized as Intermediate Core Bond, while IGEB is Corporate Bonds. They also come from different issuers: Capital Group and iShares. Their fees differ too: 0.27% for CGCB and 0.18% for IGEB.
IGEB currently has the higher Sharpe Ratio (1.44 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.
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