CGIB vs. IAGG
CGIB (Capital Group International Bond ETF (USD-Hedged)) and IAGG (iShares Core International Aggregate Bond ETF) are both Global Bonds funds. CGIB is actively managed, while IAGG is passively managed. Over the past year, CGIB returned 2.83% vs 2.30% for IAGG. A 0.65 correlation means they provide meaningful diversification when combined. CGIB charges 0.45%/yr vs 0.07%/yr for IAGG.
Performance
CGIB vs. IAGG - Performance Comparison
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Returns By Period
In the year-to-date period, CGIB achieves a 0.50% return, which is significantly lower than IAGG's 1.02% return.
CGIB
- 1D
- 0.12%
- 1M
- 0.60%
- YTD
- 0.50%
- 6M
- 0.27%
- 1Y
- 2.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IAGG
- 1D
- 0.10%
- 1M
- 0.70%
- YTD
- 1.02%
- 6M
- 0.94%
- 1Y
- 2.30%
- 3Y*
- 4.60%
- 5Y*
- 1.13%
- 10Y*
- 2.20%
CGIB vs. IAGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CGIB Capital Group International Bond ETF (USD-Hedged) | 0.50% | 4.72% | 2.62% |
IAGG iShares Core International Aggregate Bond ETF | 1.02% | 3.26% | 4.13% |
Correlation
The correlation between CGIB and IAGG is 0.68, 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 | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2024 | 0.65 |
The correlation between CGIB and IAGG has been stable across timeframes, ranging from 0.65 to 0.68 - a consistent structural relationship.
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Return for Risk
CGIB vs. IAGG — Risk / Return Rank
CGIB
IAGG
CGIB vs. IAGG - 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 Core International Aggregate Bond ETF (IAGG). 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 | IAGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.15 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.00 | +0.06 |
| Martin ratioReturn relative to average drawdown | 2.70 | 2.99 | -0.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CGIB | IAGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.82 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.25 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.62 | +0.47 |
Drawdowns
CGIB vs. IAGG - Drawdown Comparison
The maximum CGIB drawdown since its inception was -2.68%, smaller than the maximum IAGG drawdown of -13.88%. Use the drawdown chart below to compare losses from any high point for CGIB and IAGG.
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Drawdown Indicators
| CGIB | IAGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.68% | -13.88% | +11.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -2.32% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | — | -2.32% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.57% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.88% | — |
Current DrawdownCurrent decline from peak | -1.10% | -0.88% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -0.70% | -2.85% | +2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.77% | +0.28% |
Volatility
CGIB vs. IAGG - Volatility Comparison
Capital Group International Bond ETF (USD-Hedged) (CGIB) has a higher volatility of 1.43% compared to iShares Core International Aggregate Bond ETF (IAGG) at 1.18%. This indicates that CGIB's price experiences larger fluctuations and is considered to be riskier than IAGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGIB | IAGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.18% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 2.40% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 2.84% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.76% | 4.51% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.76% | 4.05% | -0.29% |
CGIB vs. IAGG - Expense Ratio Comparison
CGIB has a 0.45% expense ratio, which is higher than IAGG's 0.07% expense ratio.
Dividends
CGIB vs. IAGG - Dividend Comparison
CGIB's dividend yield for the trailing twelve months is around 4.26%, more than IAGG's 3.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGIB Capital Group International Bond ETF (USD-Hedged) | 4.26% | 4.26% | 1.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IAGG iShares Core International Aggregate Bond ETF | 3.66% | 3.08% | 4.28% | 3.55% | 2.27% | 1.16% | 1.95% | 2.82% | 3.02% | 1.74% | 1.56% | 0.13% |
Frequently Asked Questions
CGIB and IAGG have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGIB has higher volatility (1.43%) compared to IAGG (1.18%). In terms of maximum drawdown, CGIB dropped -2.68% vs IAGG's -13.88%.
On 1-year performance, CGIB leads with 2.83% vs 2.30% for IAGG. On fees, IAGG is cheaper at 0.07% per year. On volatility, IAGG has been the lower-risk option at 1.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CGIB has performed better with a 2.83% return vs 2.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAGG is cheaper with a 0.07% expense ratio, compared with 0.45% for CGIB.
CGIB has the higher dividend yield at 4.26%, compared with 3.66% for IAGG.
They also come from different issuers: Capital Group and iShares. Their fees differ too: 0.45% for CGIB and 0.07% for IAGG.
IAGG currently has the higher Sharpe Ratio (0.81 vs 0.71), 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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