CGCP vs. ABNFX

Last updated Jun 24, 2026

CGCP (Capital Group Core Plus Income ETF) and ABNFX (American Funds The Bond Fund of America® Class F-2) are both funds - CGCP is a Intermediate Core-Plus Bond fund actively managed by Capital Group, while ABNFX is a Intermediate Core Bond fund managed by American Funds. Over the past 3 years, CGCP returned 5.20%/yr vs 3.83%/yr for ABNFX. Their correlation of 0.91 suggests significant overlap in exposure. CGCP charges 0.34%/yr vs 0.35%/yr for ABNFX.

Performance

CGCP vs. ABNFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Core Plus Income ETF (CGCP) and American Funds The Bond Fund of America® Class F-2 (ABNFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGCP achieves a 0.56% return, which is significantly higher than ABNFX's -0.25% return.

CGCP

• 1D: 0.18%
• 1M: 0.63%
• YTD: 0.56%
• 6M: 0.68%
• 1Y: 4.89%
• 3Y*: 5.20%
• 5Y*: —
• 10Y*: —

ABNFX

• 1D: -0.36%
• 1M: 0.55%
• YTD: -0.25%
• 6M: 0.20%
• 1Y: 3.88%
• 3Y*: 3.83%
• 5Y*: -0.16%
• 10Y*: 1.83%

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

CGCP vs. ABNFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CGCP Capital Group Core Plus Income ETF	0.56%	7.35%	2.95%	7.17%	-9.68%
ABNFX American Funds The Bond Fund of America® Class F-2	-0.25%	7.42%	1.42%	4.29%	-9.56%

Correlation

The correlation between CGCP and ABNFX is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.91

The correlation between CGCP and ABNFX has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

Return for Risk

CGCP vs. ABNFX — Risk / Return Rank

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

CGCP

CGCP Risk / Return Rank: 39
CGCP Sharpe Ratio Rank: 40
CGCP Sortino Ratio Rank: 40
CGCP Omega Ratio Rank: 37
CGCP Calmar Ratio Rank: 39
CGCP Martin Ratio Rank: 40

ABNFX

ABNFX Risk / Return Rank: 16
ABNFX Sharpe Ratio Rank: 16
ABNFX Sortino Ratio Rank: 17
ABNFX Omega Ratio Rank: 15
ABNFX Calmar Ratio Rank: 16
ABNFX Martin Ratio Rank: 15

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.

CGCP vs. ABNFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Core Plus Income ETF (CGCP) and American Funds The Bond Fund of America® Class F-2 (ABNFX). 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.

	CGCP	ABNFX	Difference
Sharpe ratio: Return per unit of total volatility	1.34	1.07	+0.27
Sortino ratio: Return per unit of downside risk	1.99	1.61	+0.37
Omega ratio: Gain probability vs. loss probability	1.24	1.19	+0.05
Calmar ratio: Return relative to maximum drawdown	1.90	1.35	+0.55
Martin ratio: Return relative to average drawdown	5.99	3.77	+2.22

CGCP vs. ABNFX - Sharpe Ratio Comparison

The current CGCP Sharpe Ratio is 1.34, which is comparable to the ABNFX Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of CGCP and ABNFX, 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

CGCP vs. ABNFX - Drawdown Comparison

The maximum CGCP drawdown since its inception was -15.06%, smaller than the maximum ABNFX drawdown of -17.69%. Use the drawdown chart below to compare losses from any high point for CGCP and ABNFX.

Drawdown Indicators

	CGCP	ABNFX	Difference
Max Drawdown Largest peak-to-trough decline	-15.06%	-17.69%	+2.63%
Max Drawdown (1Y) Largest decline over 1 year	-2.59%	-3.09%	+0.50%
Max Drawdown (3Y) Largest decline over 3 years	-5.37%	-6.12%	+0.75%
Max Drawdown (5Y) Largest decline over 5 years	—	-17.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-17.69%	—
Current Drawdown Current decline from peak	-0.94%	-2.35%	+1.41%
Average Drawdown Average peak-to-trough decline	-4.88%	-3.28%	-1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	1.10%	-0.28%

Volatility

CGCP vs. ABNFX - Volatility Comparison

The current volatility for Capital Group Core Plus Income ETF (CGCP) is 1.12%, while American Funds The Bond Fund of America® Class F-2 (ABNFX) has a volatility of 1.20%. This indicates that CGCP experiences smaller price fluctuations and is considered to be less risky than ABNFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGCP	ABNFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.12%	1.20%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	2.81%	2.92%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	3.67%	3.92%	-0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.33%	5.97%	+0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.33%	4.90%	+1.43%

CGCP vs. ABNFX - Expense Ratio Comparison

CGCP has a 0.34% expense ratio, which is lower than ABNFX's 0.35% expense ratio.

Dividends

CGCP vs. ABNFX - Dividend Comparison

CGCP's dividend yield for the trailing twelve months is around 5.15%, more than ABNFX's 4.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABNFX American Funds The Bond Fund of America® Class F-2	4.40%	4.37%	4.55%	3.19%	2.37%	2.07%	5.15%	3.72%	2.65%	2.10%	2.31%	2.24%
CGCP Capital Group Core Plus Income ETF	5.15%	5.10%	5.17%	4.98%	2.96%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CGCP and ABNFX in my portfolio?

CGCP and ABNFX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGCP or ABNFX?

ABNFX has higher volatility (1.20%) compared to CGCP (1.12%). In terms of maximum drawdown, CGCP dropped -15.06% vs ABNFX's -17.69%.

Which has better risk-adjusted returns?

CGCP currently has the higher Sharpe Ratio (1.34 vs 1.07), 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.