CGCP vs. CGIB

Last updated Aug 2, 2026

CGCP (Capital Group Core Plus Income ETF) and CGIB (Capital Group International Bond ETF (USD-Hedged)) are both exchange-traded funds - CGCP is a Intermediate Core-Plus Bond fund actively managed by Capital Group, while CGIB is a Global Bonds fund actively managed by Capital Group. Both are actively managed. Over the past year, CGCP returned 2.25% vs 1.57% for CGIB. Their 0.58 correlation means they have sometimes moved together and sometimes differently. CGCP charges 0.34%/yr vs 0.45%/yr for CGIB.

Performance

CGCP vs. CGIB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Core Plus Income ETF (CGCP) and Capital Group International Bond ETF (USD-Hedged) (CGIB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGCP achieves a -0.44% return, which is significantly lower than CGIB's 0.36% return.

CGCP

• 1D: -0.19%
• 1M: -1.22%
• 6M: -0.78%
• YTD: -0.44%
• 1Y: 2.25%
• 3Y*: 4.94%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.43%

CGIB

• 1D: -0.22%
• 1M: -0.77%
• 6M: -0.21%
• YTD: 0.36%
• 1Y: 1.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.59%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CGCP Capital Group Core Plus Income ETF	$30.29M	$29.41M	$33.98M
CGIB Capital Group International Bond ETF (USD-Hedged)	$4.42M	$3.64M	$2.75M

CGCP vs. CGIB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CGCP Capital Group Core Plus Income ETF	-0.44%	7.35%	2.46%
CGIB Capital Group International Bond ETF (USD-Hedged)	0.36%	4.72%	2.44%

Correlation

The correlation between CGCP and CGIB is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.63
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024	0.58

The correlation between CGCP and CGIB has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.

Return for Risk

CGCP vs. CGIB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CGCP

CGCP Risk / Return Rank: 33
CGCP Sharpe Ratio Rank: 34
CGCP Sortino Ratio Rank: 32
CGCP Omega Ratio Rank: 31
CGCP Calmar Ratio Rank: 34
CGCP Martin Ratio Rank: 34

CGIB

CGIB Risk / Return Rank: 22
CGIB Sharpe Ratio Rank: 22
CGIB Sortino Ratio Rank: 21
CGIB Omega Ratio Rank: 20
CGIB Calmar Ratio Rank: 24
CGIB Martin Ratio Rank: 24

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CGCP vs. CGIB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Core Plus Income ETF (CGCP) and Capital Group International Bond ETF (USD-Hedged) (CGIB). 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	CGIB	Difference
Sharpe ratio: Return per unit of total volatility	0.83	0.48	+0.35
Sortino ratio: Return per unit of downside risk	1.21	0.73	+0.48
Omega ratio: Gain probability vs. loss probability	1.15	1.09	+0.06
Calmar ratio: Return relative to maximum drawdown	1.18	0.69	+0.49
Martin ratio: Return relative to average drawdown	3.31	1.71	+1.60

CGCP vs. CGIB - Sharpe Ratio Comparison

The current CGCP Sharpe Ratio is 0.83, which is higher than the CGIB Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of CGCP and CGIB, 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. CGIB - Drawdown Comparison

The maximum CGCP drawdown since its inception was -15.06%, which is greater than CGIB's maximum drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for CGCP and CGIB.

Drawdown Indicators

	CGCP	CGIB	Difference
Max Drawdown Largest peak-to-trough decline	-15.06%	-2.68%	-12.38%
Max Drawdown (1Y) Largest decline over 1 year	-2.59%	-2.68%	+0.09%
Max Drawdown (3Y) Largest decline over 3 years	-4.52%	—	—
Current Drawdown Current decline from peak	-1.93%	-1.24%	-0.69%
Average Drawdown Average peak-to-trough decline	-4.79%	-0.71%	-4.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	1.08%	-0.16%

Volatility

CGCP vs. CGIB - Volatility Comparison

Capital Group Core Plus Income ETF (CGCP) has a higher volatility of 1.04% compared to Capital Group International Bond ETF (USD-Hedged) (CGIB) at 0.97%. This indicates that CGCP's price experiences larger fluctuations and is considered to be riskier than CGIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGCP	CGIB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.04%	0.97%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	2.98%	3.05%	-0.07%
Volatility (1Y) Calculated over the trailing 1-year period	3.66%	3.87%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.28%	3.74%	+2.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.28%	3.74%	+2.54%

CGCP vs. CGIB - Expense Ratio Comparison

CGCP has a 0.34% expense ratio, which is lower than CGIB's 0.45% expense ratio.

Dividends

CGCP vs. CGIB - Dividend Comparison

CGCP's dividend yield for the trailing twelve months is around 5.16%, more than CGIB's 1.45% yield.

Position	TTM	2025	2024	2023	2022
CGCP Capital Group Core Plus Income ETF	5.16%	5.10%	5.17%	4.98%	2.96%
CGIB Capital Group International Bond ETF (USD-Hedged)	1.45%	4.26%	1.65%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CGCP and CGIB in my portfolio?

CGCP and CGIB have a correlation of 0.63, 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 CGIB?

CGCP has higher volatility (1.04%) compared to CGIB (0.97%). In terms of maximum drawdown, CGCP dropped -15.06% vs CGIB's -2.68%.

Which ETF is better, CGCP or CGIB?

On 1-year performance, CGCP leads with 2.25% vs 1.57% for CGIB. On fees, CGCP is cheaper at 0.34% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGCP or CGIB?

Over the 1-year period, CGCP has performed better with a 2.25% return vs 1.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGCP or CGIB?

CGCP is cheaper with a 0.34% expense ratio, compared with 0.45% for CGIB.

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

CGCP has the higher dividend yield at 5.16%, compared with 1.45% for CGIB.

What is the main difference between CGCP and CGIB?

CGCP is categorized as Intermediate Core-Plus Bond, while CGIB is Global Bonds. Their fees differ too: 0.34% for CGCP and 0.45% for CGIB.

Which has better risk-adjusted returns?

CGCP currently has the higher Sharpe Ratio (0.83 vs 0.48), 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.