CGCP vs. UITB
CGCP (Capital Group Core Plus Income ETF) and UITB (VictoryShares Core Intermediate Bond ETF) are both exchange-traded funds - CGCP is a Intermediate Core-Plus Bond fund actively managed by Capital Group, while UITB is a Intermediate Core Bond fund actively managed by Victory Capital. Both are actively managed. Over the past 3 years, CGCP returned 5.07%/yr vs 4.33%/yr for UITB. Their correlation of 0.92 suggests significant overlap in exposure. CGCP charges 0.34%/yr vs 0.38%/yr for UITB.
Performance
CGCP vs. UITB - Performance Comparison
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Returns By Period
In the year-to-date period, CGCP achieves a 0.33% return, which is significantly higher than UITB's 0.17% return.
CGCP
- 1D
- -0.31%
- 1M
- 0.27%
- YTD
- 0.33%
- 6M
- 0.37%
- 1Y
- 5.84%
- 3Y*
- 5.07%
- 5Y*
- —
- 10Y*
- —
UITB
- 1D
- -0.19%
- 1M
- 0.24%
- YTD
- 0.17%
- 6M
- 0.03%
- 1Y
- 5.06%
- 3Y*
- 4.33%
- 5Y*
- 0.56%
- 10Y*
- —
CGCP vs. UITB - 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% |
UITB VictoryShares Core Intermediate Bond ETF | 0.17% | 7.32% | 1.81% | 6.49% | -8.78% |
Correlation
The correlation between CGCP and UITB is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2022 | 0.92 |
The correlation between CGCP and UITB has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
CGCP vs. UITB — Risk / Return Rank
CGCP
UITB
CGCP vs. UITB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Core Plus Income ETF (CGCP) and VictoryShares Core Intermediate Bond ETF (UITB). 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 | UITB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 1.81 | +0.46 |
| Martin ratioReturn relative to average drawdown | 7.46 | 5.57 | +1.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CGCP | UITB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 1.39 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.46 | -0.20 |
Drawdowns
CGCP vs. UITB - Drawdown Comparison
The maximum CGCP drawdown since its inception was -15.06%, smaller than the maximum UITB drawdown of -17.02%. Use the drawdown chart below to compare losses from any high point for CGCP and UITB.
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Drawdown Indicators
| CGCP | UITB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.06% | -17.02% | +1.96% |
Max Drawdown (1Y)Largest decline over 1 year | -2.59% | -2.80% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -5.37% | -5.44% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.02% | — |
Current DrawdownCurrent decline from peak | -1.16% | -1.61% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -4.93% | -4.35% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.91% | -0.13% |
Volatility
CGCP vs. UITB - Volatility Comparison
Capital Group Core Plus Income ETF (CGCP) has a higher volatility of 1.33% compared to VictoryShares Core Intermediate Bond ETF (UITB) at 1.24%. This indicates that CGCP's price experiences larger fluctuations and is considered to be riskier than UITB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGCP | UITB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.24% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 2.58% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 3.66% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.36% | 5.64% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.36% | 4.98% | +1.38% |
CGCP vs. UITB - Expense Ratio Comparison
CGCP has a 0.34% expense ratio, which is lower than UITB's 0.38% expense ratio.
Dividends
CGCP vs. UITB - Dividend Comparison
CGCP's dividend yield for the trailing twelve months is around 5.16%, more than UITB's 4.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
UITB VictoryShares Core Intermediate Bond ETF | 4.17% | 4.04% | 3.89% | 3.14% | 2.32% | 1.95% | 2.79% | 3.01% | 2.99% | 0.50% |
Frequently Asked Questions
With a correlation of 0.95, CGCP and UITB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
CGCP has higher volatility (1.33%) compared to UITB (1.24%). In terms of maximum drawdown, CGCP dropped -15.06% vs UITB's -17.02%.
On 3-year performance, CGCP leads with 5.07% vs 4.33% for UITB. 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.
Over the 3-year period, CGCP has performed better with a 5.07% return vs 4.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CGCP is cheaper with a 0.34% expense ratio, compared with 0.38% for UITB.
CGCP has the higher dividend yield at 5.16%, compared with 4.17% for UITB.
CGCP is categorized as Intermediate Core-Plus Bond, while UITB is Intermediate Core Bond. They also come from different issuers: Capital Group and Victory Capital. Their fees differ too: 0.34% for CGCP and 0.38% for UITB.
CGCP currently has the higher Sharpe Ratio (1.58 vs 1.39), 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.
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