CGCP vs. BSV

Last updated Jun 4, 2026

CGCP (Capital Group Core Plus Income ETF) and BSV (Vanguard Short-Term Bond Index Fund ETF Shares) are both exchange-traded funds - CGCP is a Intermediate Core-Plus Bond fund actively managed by Capital Group, while BSV is a Short-Term Bond fund tracking the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. CGCP is actively managed, while BSV is passively managed. Over the past 3 years, CGCP returned 5.07%/yr vs 4.41%/yr for BSV. Their correlation of 0.86 suggests significant overlap in exposure. CGCP charges 0.34%/yr vs 0.03%/yr for BSV.

Performance

CGCP vs. BSV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Core Plus Income ETF (CGCP) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGCP achieves a 0.33% return, which is significantly higher than BSV's 0.29% return.

CGCP

• 1D: -0.31%
• 1M: 0.27%
• YTD: 0.33%
• 6M: 0.37%
• 1Y: 5.84%
• 3Y*: 5.07%
• 5Y*: —
• 10Y*: —

BSV

• 1D: -0.08%
• 1M: 0.06%
• YTD: 0.29%
• 6M: 0.52%
• 1Y: 3.68%
• 3Y*: 4.41%
• 5Y*: 1.62%
• 10Y*: 1.95%

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

CGCP vs. BSV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CGCP Capital Group Core Plus Income ETF	0.33%	7.35%	2.95%	7.17%	-9.78%
BSV Vanguard Short-Term Bond Index Fund ETF Shares	0.29%	6.00%	3.78%	4.90%	-3.72%

Correlation

The correlation between CGCP and BSV is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (All Time) Calculated using the full available price history since Feb 25, 2022	0.86

The correlation between CGCP and BSV has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

Return for Risk

CGCP vs. BSV — Risk / Return Rank

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

CGCP

CGCP Risk / Return Rank: 45
CGCP Sharpe Ratio Rank: 44
CGCP Sortino Ratio Rank: 47
CGCP Omega Ratio Rank: 44
CGCP Calmar Ratio Rank: 45
CGCP Martin Ratio Rank: 45

BSV

BSV Risk / Return Rank: 61
BSV Sharpe Ratio Rank: 59
BSV Sortino Ratio Rank: 71
BSV Omega Ratio Rank: 63
BSV Calmar Ratio Rank: 57
BSV Martin Ratio Rank: 57

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. BSV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Core Plus Income ETF (CGCP) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV). 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.

	CGCP	BSV	Difference
Sharpe ratio Return per unit of total volatility	1.58	2.05	-0.46
Sortino ratio Return per unit of downside risk	2.36	3.29	-0.93
Omega ratio Gain probability vs. loss probability	1.29	1.39	-0.11
Calmar ratio Return relative to maximum drawdown	2.27	2.87	-0.60
Martin ratio Return relative to average drawdown	7.46	10.07	-2.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGCP vs. BSV - Sharpe Ratio Comparison

The current CGCP Sharpe Ratio is 1.58, which is comparable to the BSV Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of CGCP and BSV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CGCP	BSV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.58	2.05	-0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.60	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.85	-0.59

Drawdowns

CGCP vs. BSV - Drawdown Comparison

The maximum CGCP drawdown since its inception was -15.06%, which is greater than BSV's maximum drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for CGCP and BSV.

Drawdown Indicators

	CGCP	BSV	Difference
Max Drawdown Largest peak-to-trough decline	-15.06%	-8.54%	-6.52%
Max Drawdown (1Y) Largest decline over 1 year	-2.59%	-1.29%	-1.30%
Max Drawdown (3Y) Largest decline over 3 years	-5.37%	-1.53%	-3.84%
Max Drawdown (5Y) Largest decline over 5 years	—	-8.54%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-8.54%	—
Current Drawdown Current decline from peak	-1.16%	-0.63%	-0.53%
Average Drawdown Average peak-to-trough decline	-4.93%	-0.97%	-3.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	0.37%	+0.41%

Volatility

CGCP vs. BSV - Volatility Comparison

Capital Group Core Plus Income ETF (CGCP) has a higher volatility of 1.33% compared to Vanguard Short-Term Bond Index Fund ETF Shares (BSV) at 0.52%. This indicates that CGCP's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGCP	BSV	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.33%	0.52%	+0.81%
Volatility (6M) Calculated over the trailing 6-month period	2.73%	1.26%	+1.47%
Volatility (1Y) Calculated over the trailing 1-year period	3.70%	1.81%	+1.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.36%	2.72%	+3.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.36%	2.37%	+3.99%

CGCP vs. BSV - Expense Ratio Comparison

CGCP has a 0.34% expense ratio, which is higher than BSV's 0.03% expense ratio.

Dividends

CGCP vs. BSV - Dividend Comparison

CGCP's dividend yield for the trailing twelve months is around 5.16%, more than BSV's 4.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSV Vanguard Short-Term Bond Index Fund ETF Shares	4.00%	3.83%	3.38%	2.46%	1.50%	1.45%	1.79%	2.29%	1.99%	1.65%	1.48%	1.40%
CGCP Capital Group Core Plus Income ETF	5.16%	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 BSV in my portfolio?

CGCP and BSV have a correlation of 0.88, 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 BSV?

CGCP has higher volatility (1.33%) compared to BSV (0.52%). In terms of maximum drawdown, CGCP dropped -15.06% vs BSV's -8.54%.

Which ETF is better, CGCP or BSV?

On 3-year performance, CGCP leads with 5.07% vs 4.41% for BSV. On fees, BSV is cheaper at 0.03% per year. On volatility, BSV has been the lower-risk option at 0.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGCP or BSV?

Over the 3-year period, CGCP has performed better with a 5.07% return vs 4.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGCP or BSV?

BSV is cheaper with a 0.03% expense ratio, compared with 0.34% for CGCP.

Which ETF pays a higher dividend yield, CGCP or BSV?

CGCP has the higher dividend yield at 5.16%, compared with 4.00% for BSV.

What is the main difference between CGCP and BSV?

CGCP is categorized as Intermediate Core-Plus Bond, while BSV is Short-Term Bond. They also come from different issuers: Capital Group and Vanguard. Their fees differ too: 0.34% for CGCP and 0.03% for BSV.

Which has better risk-adjusted returns?

BSV currently has the higher Sharpe Ratio (2.05 vs 1.58), 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.