CGCP vs. TLTW
Compare and contrast key facts about Capital Group Core Plus Income ETF (CGCP) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW).
CGCP and TLTW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CGCP is an actively managed fund by Capital Group. It was launched on Feb 22, 2022. TLTW is a passively managed fund by iShares that tracks the performance of the CBOE TLT 2% OTM Buywrite Index (USD). It was launched on Jun 18, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGCP or TLTW.
Performance
CGCP vs. TLTW - Performance Comparison
Returns By Period
In the year-to-date period, CGCP achieves a 2.93% return, which is significantly higher than TLTW's -0.42% return.
CGCP
2.93%
-0.56%
3.38%
7.92%
N/A
N/A
TLTW
-0.42%
-0.78%
2.93%
1.91%
N/A
N/A
Key characteristics
| CGCP | TLTW | |
|---|---|---|
| Sharpe Ratio | 1.37 | 0.18 |
| Sortino Ratio | 2.03 | 0.31 |
| Omega Ratio | 1.25 | 1.04 |
| Calmar Ratio | 0.85 | 0.11 |
| Martin Ratio | 4.62 | 0.52 |
| Ulcer Index | 1.67% | 3.66% |
| Daily Std Dev | 5.65% | 10.38% |
| Max Drawdown | -15.07% | -18.59% |
| Current Drawdown | -3.12% | -11.58% |
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CGCP vs. TLTW - Expense Ratio Comparison
CGCP has a 0.34% expense ratio, which is lower than TLTW's 0.35% expense ratio.
Correlation
The correlation between CGCP and TLTW is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
CGCP vs. TLTW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Core Plus Income ETF (CGCP) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). 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.
Dividends
CGCP vs. TLTW - Dividend Comparison
CGCP's dividend yield for the trailing twelve months is around 5.21%, less than TLTW's 15.29% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
CGCP Capital Group Core Plus Income ETF | 5.21% | 4.98% | 2.96% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 15.29% | 19.59% | 8.71% |
Drawdowns
CGCP vs. TLTW - Drawdown Comparison
The maximum CGCP drawdown since its inception was -15.07%, smaller than the maximum TLTW drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for CGCP and TLTW. For additional features, visit the drawdowns tool.
Volatility
CGCP vs. TLTW - Volatility Comparison
The current volatility for Capital Group Core Plus Income ETF (CGCP) is 1.26%, while iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) has a volatility of 4.04%. This indicates that CGCP experiences smaller price fluctuations and is considered to be less risky than TLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.