CGHY vs. BND

Last updated Jun 23, 2026

CGHY (Capital Group High Yield Bond ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - CGHY is a High Yield Bonds fund managed by Capital Group, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. A 0.62 correlation means they provide meaningful diversification when combined. CGHY charges 0.39%/yr vs 0.03%/yr for BND.

Performance

CGHY vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group High Yield Bond ETF (CGHY) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGHY achieves a 2.15% return, which is significantly higher than BND's 0.38% return.

CGHY

• 1D: -0.08%
• 1M: 0.68%
• YTD: 2.15%
• 6M: 2.54%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BND

• 1D: -0.27%
• 1M: 0.53%
• YTD: 0.38%
• 6M: 0.45%
• 1Y: 4.37%
• 3Y*: 3.92%
• 5Y*: 0.04%
• 10Y*: 1.55%

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

CGHY vs. BND - Yearly Performance Comparison

	2026 (YTD)	2025
CGHY Capital Group High Yield Bond ETF	2.15%	3.83%
BND Vanguard Total Bond Market ETF	0.38%	3.38%

Correlation

The correlation between CGHY and BND is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.62

Return for Risk

CGHY vs. BND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CGHY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BND

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CGHY vs. BND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group High Yield Bond ETF (CGHY) and Vanguard Total Bond Market ETF (BND). 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.

	CGHY	BND	Difference
Sharpe ratio: Return per unit of total volatility	—	1.18	—
Sortino ratio: Return per unit of downside risk	—	1.76	—
Omega ratio: Gain probability vs. loss probability	—	1.21	—
Calmar ratio: Return relative to maximum drawdown	—	1.64	—
Martin ratio: Return relative to average drawdown	—	4.69	—

Drawdowns

CGHY vs. BND - Drawdown Comparison

The maximum CGHY drawdown since its inception was -2.38%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for CGHY and BND.

Drawdown Indicators

	CGHY	BND	Difference
Max Drawdown Largest peak-to-trough decline	-2.38%	-18.58%	+16.20%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.68%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.92%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.91%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-18.58%	—
Current Drawdown Current decline from peak	-0.12%	-2.26%	+2.14%
Average Drawdown Average peak-to-trough decline	-0.31%	-3.06%	+2.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.93%	—

Volatility

Volatility by Period

	CGHY	BND	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.77%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.33%	3.74%	-0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.33%	6.03%	-2.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.33%	5.54%	-2.21%

CGHY vs. BND - Expense Ratio Comparison

CGHY has a 0.39% expense ratio, which is higher than BND's 0.03% expense ratio.

Dividends

CGHY vs. BND - Dividend Comparison

CGHY's dividend yield for the trailing twelve months is around 5.07%, more than BND's 3.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BND Vanguard Total Bond Market ETF	3.96%	3.86%	3.67%	3.09%	2.60%	2.12%	2.38%	2.72%	2.81%	2.54%	2.51%	2.57%
CGHY Capital Group High Yield Bond ETF	5.07%	3.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CGHY and BND in my portfolio?

CGHY and BND have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CGHY or BND?

On fees, BND is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CGHY or BND?

BND is cheaper with a 0.03% expense ratio, compared with 0.39% for CGHY.

Which ETF pays a higher dividend yield, CGHY or BND?

CGHY has the higher dividend yield at 5.07%, compared with 3.96% for BND.

What is the main difference between CGHY and BND?

CGHY is categorized as High Yield Bonds, while BND is Total Bond Market. They also come from different issuers: Capital Group and Vanguard. Their fees differ too: 0.39% for CGHY and 0.03% for BND.