CGIB vs. CGIC

Last updated Jun 4, 2026

CGIB (Capital Group International Bond ETF (USD-Hedged)) and CGIC (Capital Group International Core Equity ETF) are both exchange-traded funds - CGIB is a Global Bonds fund actively managed by Capital Group, while CGIC is a Foreign Large Cap Equities fund actively managed by Capital Group. Both are actively managed. Over the past year, CGIB returned 2.70% vs 30.79% for CGIC. At a 0.28 correlation, their price movements are largely independent. CGIB charges 0.45%/yr vs 0.54%/yr for CGIC.

Performance

CGIB vs. CGIC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group International Bond ETF (USD-Hedged) (CGIB) and Capital Group International Core Equity ETF (CGIC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGIB achieves a 0.38% return, which is significantly lower than CGIC's 12.85% return.

CGIB

• 1D: -0.28%
• 1M: 0.70%
• YTD: 0.38%
• 6M: 0.01%
• 1Y: 2.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CGIC

• 1D: -1.04%
• 1M: 5.13%
• YTD: 12.85%
• 6M: 15.39%
• 1Y: 30.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CGIB vs. CGIC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CGIB Capital Group International Bond ETF (USD-Hedged)	0.38%	4.72%	2.62%
CGIC Capital Group International Core Equity ETF	12.85%	37.53%	-2.81%

Correlation

The correlation between CGIB and CGIC is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since Jun 28, 2024	0.28

The correlation between CGIB and CGIC shifts across timeframes, from 0.28 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CGIB vs. CGIC — Risk / Return Rank

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

CGIB

CGIB Risk / Return Rank: 22
CGIB Sharpe Ratio Rank: 21
CGIB Sortino Ratio Rank: 20
CGIB Omega Ratio Rank: 21
CGIB Calmar Ratio Rank: 23
CGIB Martin Ratio Rank: 22

CGIC

CGIC Risk / Return Rank: 58
CGIC Sharpe Ratio Rank: 60
CGIC Sortino Ratio Rank: 59
CGIC Omega Ratio Rank: 60
CGIC Calmar Ratio Rank: 55
CGIC Martin Ratio Rank: 59

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.

CGIB vs. CGIC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group International Bond ETF (USD-Hedged) (CGIB) and Capital Group International Core Equity ETF (CGIC). 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.

	CGIB	CGIC	Difference
Sharpe ratio: Return per unit of total volatility	0.68	2.06	-1.38
Sortino ratio: Return per unit of downside risk	1.02	2.83	-1.81
Omega ratio: Gain probability vs. loss probability	1.13	1.37	-0.24
Calmar ratio: Return relative to maximum drawdown	1.01	2.74	-1.72
Martin ratio: Return relative to average drawdown	2.59	10.54	-7.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGIB vs. CGIC - Sharpe Ratio Comparison

The current CGIB Sharpe Ratio is 0.68, which is lower than the CGIC Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of CGIB and CGIC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CGIB	CGIC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.68	2.06	-1.38
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	1.48	-0.41

Drawdowns

CGIB vs. CGIC - Drawdown Comparison

The maximum CGIB drawdown since its inception was -2.68%, smaller than the maximum CGIC drawdown of -13.10%. Use the drawdown chart below to compare losses from any high point for CGIB and CGIC.

Drawdown Indicators

	CGIB	CGIC	Difference
Max Drawdown Largest peak-to-trough decline	-2.68%	-13.10%	+10.42%
Max Drawdown (1Y) Largest decline over 1 year	-2.68%	-11.30%	+8.62%
Current Drawdown Current decline from peak	-1.22%	-1.04%	-0.18%
Average Drawdown Average peak-to-trough decline	-0.70%	-2.54%	+1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	2.93%	-1.88%

Volatility

CGIB vs. CGIC - Volatility Comparison

The current volatility for Capital Group International Bond ETF (USD-Hedged) (CGIB) is 1.44%, while Capital Group International Core Equity ETF (CGIC) has a volatility of 5.82%. This indicates that CGIB experiences smaller price fluctuations and is considered to be less risky than CGIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGIB	CGIC	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.44%	5.82%	-4.38%
Volatility (6M) Calculated over the trailing 6-month period	2.93%	12.82%	-9.89%
Volatility (1Y) Calculated over the trailing 1-year period	3.98%	15.01%	-11.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.76%	16.14%	-12.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.76%	16.14%	-12.38%

CGIB vs. CGIC - Expense Ratio Comparison

CGIB has a 0.45% expense ratio, which is lower than CGIC's 0.54% expense ratio.

Dividends

CGIB vs. CGIC - Dividend Comparison

CGIB's dividend yield for the trailing twelve months is around 4.26%, more than CGIC's 1.32% yield.

Position	TTM	2025	2024
CGIB Capital Group International Bond ETF (USD-Hedged)	4.26%	4.26%	1.65%
CGIC Capital Group International Core Equity ETF	1.32%	1.60%	0.68%

Frequently Asked Questions

Can I hold both CGIB and CGIC in my portfolio?

CGIB and CGIC have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGIB or CGIC?

CGIC has higher volatility (5.82%) compared to CGIB (1.44%). In terms of maximum drawdown, CGIB dropped -2.68% vs CGIC's -13.10%.

Which ETF is better, CGIB or CGIC?

On 1-year performance, CGIC leads with 30.79% vs 2.70% for CGIB. On fees, CGIB is cheaper at 0.45% per year. On volatility, CGIB has been the lower-risk option at 1.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGIB or CGIC?

Over the 1-year period, CGIC has performed better with a 30.79% return vs 2.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGIB or CGIC?

CGIB is cheaper with a 0.45% expense ratio, compared with 0.54% for CGIC.

Which ETF pays a higher dividend yield, CGIB or CGIC?

CGIB has the higher dividend yield at 4.26%, compared with 1.32% for CGIC.

What is the main difference between CGIB and CGIC?

CGIB is categorized as Global Bonds, while CGIC is Foreign Large Cap Equities. Their fees differ too: 0.45% for CGIB and 0.54% for CGIC.

Which has better risk-adjusted returns?

CGIC currently has the higher Sharpe Ratio (2.06 vs 0.68), 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.