CGHY vs. USFI

Last updated Aug 6, 2026

CGHY (Capital Group High Yield Bond ETF) and USFI (BrandywineGLOBAL - U.S. Fixed Income ETF) are both exchange-traded funds - CGHY is a High Yield Bonds fund actively managed by Capital Group, while USFI is a Actively Managed fund actively managed by BrandywineGLOBAL. Both are actively managed. Over the past year, CGHY returned 5.63% vs 3.15% for USFI. Their 0.51 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.39% expense ratio.

Performance

CGHY vs. USFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group High Yield Bond ETF (CGHY) and BrandywineGLOBAL - U.S. Fixed Income ETF (USFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGHY achieves a 2.38% return, which is significantly higher than USFI's 1.13% return.

CGHY

• 1D: 0.01%
• 1M: 0.00%
• 6M: 1.97%
• YTD: 2.38%
• 1Y: 5.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.67%

USFI

• 1D: 0.16%
• 1M: -0.20%
• 6M: 1.12%
• YTD: 1.13%
• 1Y: 3.15%
• 3Y*: 4.21%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.00%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CGHY Capital Group High Yield Bond ETF	$932.75K	$956.06K	$1.53M
USFI BrandywineGLOBAL - U.S. Fixed Income ETF	$274.63	$269.05	$5.97K

CGHY vs. USFI - Yearly Performance Comparison

	2026 (YTD)	2025
CGHY Capital Group High Yield Bond ETF	2.38%	3.83%
USFI BrandywineGLOBAL - U.S. Fixed Income ETF	1.13%	3.74%

Correlation

The correlation between CGHY and USFI is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.51
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.51

The correlation between CGHY and USFI has been stable across timeframes, ranging from 0.51 to 0.51 - a consistent structural relationship.

Return for Risk

CGHY vs. USFI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CGHY

CGHY Risk / Return Rank: 68
CGHY Sharpe Ratio Rank: 63
CGHY Sortino Ratio Rank: 73
CGHY Omega Ratio Rank: 69
CGHY Calmar Ratio Rank: 59
CGHY Martin Ratio Rank: 74

USFI

USFI Risk / Return Rank: 46
USFI Sharpe Ratio Rank: 36
USFI Sortino Ratio Rank: 37
USFI Omega Ratio Rank: 34
USFI Calmar Ratio Rank: 72
USFI Martin Ratio Rank: 51

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CGHY vs. USFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group High Yield Bond ETF (CGHY) and BrandywineGLOBAL - U.S. Fixed Income ETF (USFI). 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	USFI	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.03	+0.67
Sortino ratio: Return per unit of downside risk	2.68	1.59	+1.08
Omega ratio: Gain probability vs. loss probability	1.33	1.18	+0.14
Calmar ratio: Return relative to maximum drawdown	2.38	2.86	-0.48
Martin ratio: Return relative to average drawdown	10.56	6.79	+3.77

CGHY vs. USFI - Sharpe Ratio Comparison

The current CGHY Sharpe Ratio is 1.70, which is higher than the USFI Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of CGHY and USFI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CGHY vs. USFI - Drawdown Comparison

The maximum CGHY drawdown since its inception was -2.38%, smaller than the maximum USFI drawdown of -8.47%. Use the drawdown chart below to compare losses from any high point for CGHY and USFI.

Drawdown Indicators

	CGHY	USFI	Difference
Max Drawdown Largest peak-to-trough decline	-2.38%	-8.47%	+6.09%
Max Drawdown (1Y) Largest decline over 1 year	-2.38%	-1.11%	-1.27%
Max Drawdown (3Y) Largest decline over 3 years	—	-7.69%	—
Current Drawdown Current decline from peak	0.00%	-0.43%	+0.43%
Average Drawdown Average peak-to-trough decline	-0.31%	-2.06%	+1.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.53%	0.48%	+0.05%

Volatility

CGHY vs. USFI - Volatility Comparison

Capital Group High Yield Bond ETF (CGHY) has a higher volatility of 0.86% compared to BrandywineGLOBAL - U.S. Fixed Income ETF (USFI) at 0.75%. This indicates that CGHY's price experiences larger fluctuations and is considered to be riskier than USFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGHY	USFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.86%	0.75%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	2.78%	1.69%	+1.09%
Volatility (1Y) Calculated over the trailing 1-year period	3.33%	3.08%	+0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.26%	6.83%	-3.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.26%	6.83%	-3.57%

CGHY vs. USFI - Expense Ratio Comparison

Both CGHY and USFI have an expense ratio of 0.39%.

Dividends

CGHY vs. USFI - Dividend Comparison

CGHY's dividend yield for the trailing twelve months is around 5.49%, more than USFI's 4.49% yield.

Position	TTM	2025	2024	2023
CGHY Capital Group High Yield Bond ETF	5.49%	3.09%	0.00%	0.00%
USFI BrandywineGLOBAL - U.S. Fixed Income ETF	4.49%	4.42%	4.60%	1.83%

Frequently Asked Questions

Can I hold both CGHY and USFI in my portfolio?

CGHY and USFI have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGHY or USFI?

CGHY has higher volatility (0.86%) compared to USFI (0.75%). In terms of maximum drawdown, CGHY dropped -2.38% vs USFI's -8.47%.

Which ETF is better, CGHY or USFI?

On 1-year performance, CGHY leads with 5.63% vs 3.15% for USFI. Both ETFs have the same 0.39% expense ratio. On volatility, USFI has been the lower-risk option at 0.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGHY or USFI?

Over the 1-year period, CGHY has performed better with a 5.63% return vs 3.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGHY or USFI?

CGHY and USFI have the same expense ratio: 0.39% per year.

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

CGHY has the higher dividend yield at 5.49%, compared with 4.49% for USFI.

What is the main difference between CGHY and USFI?

CGHY is categorized as High Yield Bonds, while USFI is Actively Managed. They also come from different issuers: Capital Group and BrandywineGLOBAL.

Which has better risk-adjusted returns?

CGHY currently has the higher Sharpe Ratio (1.70 vs 1.03), 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.