CGCP vs. IEI
CGCP (Capital Group Core Plus Income ETF) and IEI (iShares 3-7 Year Treasury Bond ETF) are both exchange-traded funds - CGCP is a Intermediate Core-Plus Bond fund actively managed by Capital Group, while IEI is a Government Bonds fund tracking the ICE U.S. Treasury 3-7 Year Bond Index. CGCP is actively managed, while IEI is passively managed. Over the past 3 years, CGCP returned 5.14%/yr vs 3.62%/yr for IEI. Their correlation of 0.89 suggests significant overlap in exposure. CGCP charges 0.34%/yr vs 0.15%/yr for IEI.
Performance
CGCP vs. IEI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CGCP achieves a 0.38% return, which is significantly higher than IEI's -0.55% return.
CGCP
- 1D
- -0.27%
- 1M
- 0.45%
- YTD
- 0.38%
- 6M
- 0.50%
- 1Y
- 4.94%
- 3Y*
- 5.14%
- 5Y*
- —
- 10Y*
- —
IEI
- 1D
- -0.23%
- 1M
- 0.13%
- YTD
- -0.55%
- 6M
- -0.46%
- 1Y
- 2.63%
- 3Y*
- 3.62%
- 5Y*
- 0.28%
- 10Y*
- 1.18%
CGCP vs. IEI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CGCP Capital Group Core Plus Income ETF | 0.38% | 7.35% | 2.95% | 7.17% | -9.68% |
IEI iShares 3-7 Year Treasury Bond ETF | -0.55% | 6.96% | 1.81% | 4.42% | -7.03% |
Correlation
The correlation between CGCP and IEI 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 | 0.88 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022 | 0.89 |
The correlation between CGCP and IEI has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CGCP vs. IEI — Risk / Return Rank
CGCP
IEI
CGCP vs. IEI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Core Plus Income ETF (CGCP) and iShares 3-7 Year Treasury Bond ETF (IEI). 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 | IEI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.15 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.06 | +0.86 |
| Martin ratioReturn relative to average drawdown | 6.06 | 2.85 | +3.21 |
Loading charts...
Drawdowns
CGCP vs. IEI - Drawdown Comparison
The maximum CGCP drawdown since its inception was -15.06%, roughly equal to the maximum IEI drawdown of -14.60%. Use the drawdown chart below to compare losses from any high point for CGCP and IEI.
Loading charts...
Drawdown Indicators
| CGCP | IEI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.06% | -14.60% | -0.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.59% | -2.50% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -5.37% | -3.66% | -1.71% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.88% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.60% | — |
Current DrawdownCurrent decline from peak | -1.12% | -1.98% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -2.67% | -2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.92% | -0.10% |
Volatility
CGCP vs. IEI - Volatility Comparison
Capital Group Core Plus Income ETF (CGCP) has a higher volatility of 1.12% compared to iShares 3-7 Year Treasury Bond ETF (IEI) at 0.97%. This indicates that CGCP's price experiences larger fluctuations and is considered to be riskier than IEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CGCP | IEI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 0.97% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 2.26% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 3.04% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 4.78% | +1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.34% | 3.94% | +2.40% |
CGCP vs. IEI - Expense Ratio Comparison
CGCP has a 0.34% expense ratio, which is higher than IEI's 0.15% expense ratio.
Dividends
CGCP vs. IEI - Dividend Comparison
CGCP's dividend yield for the trailing twelve months is around 5.16%, more than IEI's 3.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IEI iShares 3-7 Year Treasury Bond ETF | 3.65% | 3.48% | 3.18% | 2.36% | 1.37% | 0.73% | 1.12% | 2.01% | 1.95% | 1.51% | 1.33% | 1.39% |
Frequently Asked Questions
CGCP and IEI 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.
CGCP has higher volatility (1.12%) compared to IEI (0.97%). In terms of maximum drawdown, CGCP dropped -15.06% vs IEI's -14.60%.
On 3-year performance, CGCP leads with 5.14% vs 3.62% for IEI. On fees, IEI is cheaper at 0.15% per year. On volatility, IEI has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CGCP has performed better with a 5.14% return vs 3.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEI is cheaper with a 0.15% expense ratio, compared with 0.34% for CGCP.
CGCP has the higher dividend yield at 5.16%, compared with 3.65% for IEI.
CGCP is categorized as Intermediate Core-Plus Bond, while IEI is Government Bonds. They also come from different issuers: Capital Group and iShares. Their fees differ too: 0.34% for CGCP and 0.15% for IEI.
CGCP currently has the higher Sharpe Ratio (1.35 vs 0.87), 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.
Find the right allocation for CGCP and IEI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer