CGIB vs. BGRN
CGIB (Capital Group International Bond ETF (USD-Hedged)) and BGRN (iShares USD Green Bond ETF) are both Global Bonds funds. CGIB is actively managed, while BGRN is passively managed. Over the past year, CGIB returned 2.89% vs 4.51% for BGRN. A 0.54 correlation means they provide meaningful diversification when combined. CGIB charges 0.45%/yr vs 0.20%/yr for BGRN.
Performance
CGIB vs. BGRN - Performance Comparison
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Returns By Period
In the year-to-date period, CGIB achieves a 1.01% return, which is significantly higher than BGRN's 0.66% return.
CGIB
- 1D
- 0.08%
- 1M
- 1.09%
- YTD
- 1.01%
- 6M
- 1.10%
- 1Y
- 2.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BGRN
- 1D
- 0.08%
- 1M
- 0.56%
- YTD
- 0.66%
- 6M
- 0.80%
- 1Y
- 4.51%
- 3Y*
- 4.79%
- 5Y*
- 0.56%
- 10Y*
- —
CGIB vs. BGRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CGIB Capital Group International Bond ETF (USD-Hedged) | 1.01% | 4.72% | 2.44% |
BGRN iShares USD Green Bond ETF | 0.66% | 7.27% | 2.35% |
Correlation
The correlation between CGIB and BGRN is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024 | 0.54 |
The correlation between CGIB and BGRN has been stable across timeframes, ranging from 0.54 to 0.58 - a consistent structural relationship.
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Return for Risk
CGIB vs. BGRN — Risk / Return Rank
CGIB
BGRN
CGIB vs. BGRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group International Bond ETF (USD-Hedged) (CGIB) and iShares USD Green Bond ETF (BGRN). 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.
| CGIB | BGRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.28 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 2.03 | -0.95 |
| Martin ratioReturn relative to average drawdown | 2.72 | 6.61 | -3.89 |
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Drawdowns
CGIB vs. BGRN - Drawdown Comparison
The maximum CGIB drawdown since its inception was -2.68%, smaller than the maximum BGRN drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for CGIB and BGRN.
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Drawdown Indicators
| CGIB | BGRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.68% | -19.16% | +16.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -2.23% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.55% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.73% | — |
Current DrawdownCurrent decline from peak | -0.60% | -0.61% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -0.70% | -5.75% | +5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.68% | +0.39% |
Volatility
CGIB vs. BGRN - Volatility Comparison
Capital Group International Bond ETF (USD-Hedged) (CGIB) has a higher volatility of 0.99% compared to iShares USD Green Bond ETF (BGRN) at 0.86%. This indicates that CGIB's price experiences larger fluctuations and is considered to be riskier than BGRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGIB | BGRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 0.86% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | 2.32% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 2.96% | +1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.76% | 5.46% | -1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.76% | 4.99% | -1.23% |
CGIB vs. BGRN - Expense Ratio Comparison
CGIB has a 0.45% expense ratio, which is higher than BGRN's 0.20% expense ratio.
Dividends
CGIB vs. BGRN - Dividend Comparison
CGIB's dividend yield for the trailing twelve months is around 4.23%, less than BGRN's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BGRN iShares USD Green Bond ETF | 4.28% | 4.21% | 4.07% | 3.52% | 2.66% | 0.78% | 1.82% | 3.66% | 0.21% |
CGIB Capital Group International Bond ETF (USD-Hedged) | 4.23% | 4.26% | 1.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CGIB and BGRN have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGIB has higher volatility (0.99%) compared to BGRN (0.86%). In terms of maximum drawdown, CGIB dropped -2.68% vs BGRN's -19.16%.
On 1-year performance, BGRN leads with 4.51% vs 2.89% for CGIB. On fees, BGRN is cheaper at 0.20% per year. On volatility, BGRN has been the lower-risk option at 0.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BGRN has performed better with a 4.51% return vs 2.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BGRN is cheaper with a 0.20% expense ratio, compared with 0.45% for CGIB.
BGRN has the higher dividend yield at 4.28%, compared with 4.23% for CGIB.
They also come from different issuers: Capital Group and iShares. Their fees differ too: 0.45% for CGIB and 0.20% for BGRN.
BGRN currently has the higher Sharpe Ratio (1.53 vs 0.72), 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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