CGDG vs. FBNDX
Compare and contrast key facts about Capital Group Dividend Growers ETF (CGDG) and Fidelity Investment Grade Bond Fund (FBNDX).
CGDG is an actively managed fund by Capital Group. It was launched on Sep 26, 2023. FBNDX is managed by Fidelity. It was launched on Aug 6, 1971.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGDG or FBNDX.
Key characteristics
| CGDG | FBNDX | |
|---|---|---|
| YTD Return | 14.90% | 2.66% |
| 1Y Return | 24.13% | 9.01% |
| Sharpe Ratio | 2.44 | 1.43 |
| Sortino Ratio | 3.44 | 2.13 |
| Omega Ratio | 1.43 | 1.26 |
| Calmar Ratio | 5.20 | 0.54 |
| Martin Ratio | 17.64 | 4.95 |
| Ulcer Index | 1.44% | 1.69% |
| Daily Std Dev | 10.41% | 5.95% |
| Max Drawdown | -4.89% | -20.16% |
| Current Drawdown | -1.13% | -9.06% |
Correlation
The correlation between CGDG and FBNDX is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CGDG vs. FBNDX - Performance Comparison
In the year-to-date period, CGDG achieves a 14.90% return, which is significantly higher than FBNDX's 2.66% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CGDG vs. FBNDX - Expense Ratio Comparison
CGDG has a 0.47% expense ratio, which is higher than FBNDX's 0.45% expense ratio.
Risk-Adjusted Performance
CGDG vs. FBNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Dividend Growers ETF (CGDG) and Fidelity Investment Grade Bond Fund (FBNDX). 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
CGDG vs. FBNDX - Dividend Comparison
CGDG's dividend yield for the trailing twelve months is around 1.87%, less than FBNDX's 3.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGDG Capital Group Dividend Growers ETF | 1.87% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBNDX Fidelity Investment Grade Bond Fund | 3.90% | 3.56% | 2.67% | 1.53% | 1.88% | 2.77% | 2.84% | 2.17% | 2.50% | 2.90% | 2.59% | 2.36% |
Drawdowns
CGDG vs. FBNDX - Drawdown Comparison
The maximum CGDG drawdown since its inception was -4.89%, smaller than the maximum FBNDX drawdown of -20.16%. Use the drawdown chart below to compare losses from any high point for CGDG and FBNDX. For additional features, visit the drawdowns tool.
Volatility
CGDG vs. FBNDX - Volatility Comparison
Capital Group Dividend Growers ETF (CGDG) has a higher volatility of 2.80% compared to Fidelity Investment Grade Bond Fund (FBNDX) at 1.77%. This indicates that CGDG's price experiences larger fluctuations and is considered to be riskier than FBNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.