CGHY vs. IBHG
CGHY (Capital Group High Yield Bond ETF) and IBHG (iShares iBonds 2027 Term High Yield and Income ETF) are both High Yield Bonds funds. A 0.59 correlation means they provide meaningful diversification when combined. CGHY charges 0.39%/yr vs 0.35%/yr for IBHG.
Performance
CGHY vs. IBHG - Performance Comparison
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Returns By Period
In the year-to-date period, CGHY achieves a 1.65% return, which is significantly higher than IBHG's 0.97% return.
CGHY
- 1D
- -0.45%
- 1M
- -0.11%
- YTD
- 1.65%
- 6M
- 2.15%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBHG
- 1D
- -0.14%
- 1M
- 0.03%
- YTD
- 0.97%
- 6M
- 1.43%
- 1Y
- 4.80%
- 3Y*
- 7.43%
- 5Y*
- —
- 10Y*
- —
CGHY vs. IBHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CGHY Capital Group High Yield Bond ETF | 1.65% | 3.77% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 0.97% | 2.92% |
Correlation
The correlation between CGHY and IBHG is 0.59, 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 27, 2025 | 0.59 |
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Return for Risk
CGHY vs. IBHG — Risk / Return Rank
CGHY
IBHG
CGHY vs. IBHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group High Yield Bond ETF (CGHY) and iShares iBonds 2027 Term High Yield and Income ETF (IBHG). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| CGHY | IBHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.74 | 0.56 | +1.18 |
Drawdowns
CGHY vs. IBHG - Drawdown Comparison
The maximum CGHY drawdown since its inception was -2.38%, smaller than the maximum IBHG drawdown of -13.85%. Use the drawdown chart below to compare losses from any high point for CGHY and IBHG.
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Drawdown Indicators
| CGHY | IBHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.38% | -13.85% | +11.47% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.73% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.39% | — |
Current DrawdownCurrent decline from peak | -0.59% | -0.22% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -0.31% | -2.67% | +2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.20% | — |
Volatility
CGHY vs. IBHG - Volatility Comparison
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Volatility by Period
| CGHY | IBHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.59% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.53% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 2.12% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.36% | 6.36% | -3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.36% | 6.36% | -3.00% |
CGHY vs. IBHG - Expense Ratio Comparison
CGHY has a 0.39% expense ratio, which is higher than IBHG's 0.35% expense ratio.
Dividends
CGHY vs. IBHG - Dividend Comparison
CGHY's dividend yield for the trailing twelve months is around 5.10%, less than IBHG's 6.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CGHY Capital Group High Yield Bond ETF | 5.10% | 3.09% | 0.00% | 0.00% | 0.00% | 0.00% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 6.08% | 6.33% | 7.02% | 6.66% | 5.62% | 2.13% |
Frequently Asked Questions
CGHY and IBHG have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBHG is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBHG is cheaper with a 0.35% expense ratio, compared with 0.39% for CGHY.
IBHG has the higher dividend yield at 6.08%, compared with 5.10% for CGHY.
They also come from different issuers: Capital Group and iShares. Their fees differ too: 0.39% for CGHY and 0.35% for IBHG.
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