CGCB vs. NEAR
CGCB (Capital Group Core Bond ETF) and NEAR (iShares Short Duration Bond Active ETF) are both exchange-traded funds - CGCB is a Intermediate Core Bond fund actively managed by Capital Group, while NEAR is a Short-Term Bond fund actively managed by iShares. Both are actively managed. Over the past year, CGCB returned 4.90% vs 4.12% for NEAR. A 0.74 correlation means they provide meaningful diversification when combined. CGCB charges 0.27%/yr vs 0.25%/yr for NEAR.
Performance
CGCB vs. NEAR - 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 NEAR's 0.53% return.
CGCB
- 1D
- 0.00%
- 1M
- -0.77%
- YTD
- -0.30%
- 6M
- 0.15%
- 1Y
- 4.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NEAR
- 1D
- -0.02%
- 1M
- -0.18%
- YTD
- 0.53%
- 6M
- 1.05%
- 1Y
- 4.12%
- 3Y*
- 5.54%
- 5Y*
- 3.81%
- 10Y*
- 2.82%
CGCB vs. NEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CGCB Capital Group Core Bond ETF | -0.30% | 7.29% | 1.44% | 6.80% |
NEAR iShares Short Duration Bond Active ETF | 0.53% | 5.90% | 5.09% | 3.25% |
Correlation
The correlation between CGCB and NEAR is 0.78, 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 | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023 | 0.74 |
The correlation between CGCB and NEAR has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
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Return for Risk
CGCB vs. NEAR — Risk / Return Rank
CGCB
NEAR
CGCB vs. NEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Core Bond ETF (CGCB) and iShares Short Duration Bond Active ETF (NEAR). 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 | NEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.92 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.63 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 3.65 | -2.00 |
| Martin ratioReturn relative to average drawdown | 4.88 | 16.68 | -11.79 |
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 | NEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 3.05 | -1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.86 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 1.08 | -0.03 |
Drawdowns
CGCB vs. NEAR - Drawdown Comparison
The maximum CGCB drawdown since its inception was -5.17%, smaller than the maximum NEAR drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for CGCB and NEAR.
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Drawdown Indicators
| CGCB | NEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.17% | -9.61% | +4.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -1.13% | -1.85% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.16% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.61% | — |
Current DrawdownCurrent decline from peak | -2.17% | -0.29% | -1.88% |
Average DrawdownAverage peak-to-trough decline | -1.35% | -0.16% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.25% | +0.76% |
Volatility
CGCB vs. NEAR - Volatility Comparison
Capital Group Core Bond ETF (CGCB) has a higher volatility of 1.26% compared to iShares Short Duration Bond Active ETF (NEAR) at 0.40%. This indicates that CGCB's price experiences larger fluctuations and is considered to be riskier than NEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGCB | NEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 0.40% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 1.01% | +1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.91% | 1.36% | +2.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 1.34% | +4.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.38% | 2.50% | +2.88% |
CGCB vs. NEAR - Expense Ratio Comparison
CGCB has a 0.27% expense ratio, which is higher than NEAR'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. NEAR - Dividend Comparison
CGCB's dividend yield for the trailing twelve months is around 4.24%, less than NEAR's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGCB Capital Group Core Bond ETF | 4.24% | 4.22% | 3.99% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEAR iShares Short Duration Bond Active ETF | 4.44% | 4.54% | 5.00% | 4.59% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% |
Frequently Asked Questions
CGCB and NEAR have a correlation of 0.78, 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 NEAR (0.40%). In terms of maximum drawdown, CGCB dropped -5.17% vs NEAR's -9.61%.
On 1-year performance, CGCB leads with 4.90% vs 4.12% for NEAR. On fees, NEAR is cheaper at 0.25% per year. On volatility, NEAR has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CGCB has performed better with a 4.90% return vs 4.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NEAR is cheaper with a 0.25% expense ratio, compared with 0.27% for CGCB.
NEAR has the higher dividend yield at 4.44%, compared with 4.24% for CGCB.
CGCB is categorized as Intermediate Core Bond, while NEAR is Short-Term Bond. They also come from different issuers: Capital Group and iShares. Their fees differ too: 0.27% for CGCB and 0.25% for NEAR.
NEAR currently has the higher Sharpe Ratio (3.05 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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