CGIC vs. IDEV

Last updated Jun 4, 2026

CGIC (Capital Group International Core Equity ETF) and IDEV (iShares Core MSCI International Developed Markets ETF) are both Foreign Large Cap Equities funds. CGIC is actively managed, while IDEV is passively managed. Over the past year, CGIC returned 30.79% vs 23.20% for IDEV. With a 0.95 correlation, they move nearly in lockstep. CGIC charges 0.54%/yr vs 0.05%/yr for IDEV.

Performance

CGIC vs. IDEV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group International Core Equity ETF (CGIC) and iShares Core MSCI International Developed Markets ETF (IDEV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGIC achieves a 12.85% return, which is significantly higher than IDEV's 8.92% return.

CGIC

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

IDEV

• 1D: -0.90%
• 1M: 3.23%
• YTD: 8.92%
• 6M: 11.57%
• 1Y: 23.20%
• 3Y*: 17.40%
• 5Y*: 8.48%
• 10Y*: —

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

CGIC vs. IDEV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CGIC Capital Group International Core Equity ETF	12.85%	37.53%	-2.81%
IDEV iShares Core MSCI International Developed Markets ETF	8.92%	32.56%	-0.31%

Correlation

The correlation between CGIC and IDEV is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jun 28, 2024	0.95

The correlation between CGIC and IDEV has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

CGIC vs. IDEV - Sectors Allocation Comparison

Sectors	CGIC	IDEV
Financial Services	20.2%	24.2%
Technology	16.7%	9.9%
Industrials	13.9%	19.1%
Basic Materials	8.8%	8.0%
Consumer Defensive	8.1%	6.0%
Consumer Cyclical	7.4%	7.7%
Communication Services	7.3%	4.0%
Energy	6.2%	5.9%
Healthcare	5.6%	8.6%
Utilities	4.1%	3.7%
Real Estate	1.8%	2.9%

Return for Risk

CGIC vs. IDEV — Risk / Return Rank

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

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

IDEV

IDEV Risk / Return Rank: 45
IDEV Sharpe Ratio Rank: 45
IDEV Sortino Ratio Rank: 45
IDEV Omega Ratio Rank: 44
IDEV Calmar Ratio Rank: 41
IDEV Martin Ratio Rank: 48

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.

CGIC vs. IDEV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group International Core Equity ETF (CGIC) and iShares Core MSCI International Developed Markets ETF (IDEV). 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.

	CGIC	IDEV	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.61	+0.45
Sortino ratio: Return per unit of downside risk	2.83	2.29	+0.55
Omega ratio: Gain probability vs. loss probability	1.37	1.29	+0.08
Calmar ratio: Return relative to maximum drawdown	2.74	2.08	+0.66
Martin ratio: Return relative to average drawdown	10.54	8.16	+2.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGIC vs. IDEV - Sharpe Ratio Comparison

The current CGIC Sharpe Ratio is 2.06, which is comparable to the IDEV Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of CGIC and IDEV, 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

	CGIC	IDEV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	1.61	+0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	0.55	+0.93

Drawdowns

CGIC vs. IDEV - Drawdown Comparison

The maximum CGIC drawdown since its inception was -13.10%, smaller than the maximum IDEV drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for CGIC and IDEV.

Drawdown Indicators

	CGIC	IDEV	Difference
Max Drawdown Largest peak-to-trough decline	-13.10%	-34.77%	+21.67%
Max Drawdown (1Y) Largest decline over 1 year	-11.30%	-11.20%	-0.10%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.15%	—
Current Drawdown Current decline from peak	-1.04%	-0.98%	-0.06%
Average Drawdown Average peak-to-trough decline	-2.54%	-6.57%	+4.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	2.85%	+0.08%

Volatility

CGIC vs. IDEV - Volatility Comparison

Capital Group International Core Equity ETF (CGIC) has a higher volatility of 5.82% compared to iShares Core MSCI International Developed Markets ETF (IDEV) at 4.60%. This indicates that CGIC's price experiences larger fluctuations and is considered to be riskier than IDEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGIC	IDEV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.82%	4.60%	+1.22%
Volatility (6M) Calculated over the trailing 6-month period	12.82%	12.10%	+0.72%
Volatility (1Y) Calculated over the trailing 1-year period	15.01%	14.51%	+0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.14%	16.26%	-0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.14%	17.27%	-1.13%

CGIC vs. IDEV - Expense Ratio Comparison

CGIC has a 0.54% expense ratio, which is higher than IDEV's 0.05% expense ratio.

Dividends

CGIC vs. IDEV - Dividend Comparison

CGIC's dividend yield for the trailing twelve months is around 1.32%, less than IDEV's 3.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CGIC Capital Group International Core Equity ETF	1.32%	1.60%	0.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IDEV iShares Core MSCI International Developed Markets ETF	3.13%	3.40%	3.30%	3.07%	2.69%	3.05%	2.00%	3.18%	3.16%	1.54%

Frequently Asked Questions

Can I hold both CGIC and IDEV in my portfolio?

With a correlation of 0.96, CGIC and IDEV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CGIC or IDEV?

CGIC has higher volatility (5.82%) compared to IDEV (4.60%). In terms of maximum drawdown, CGIC dropped -13.10% vs IDEV's -34.77%.

Which ETF is better, CGIC or IDEV?

On 1-year performance, CGIC leads with 30.79% vs 23.20% for IDEV. On fees, IDEV is cheaper at 0.05% per year. On volatility, IDEV has been the lower-risk option at 4.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGIC or IDEV?

Over the 1-year period, CGIC has performed better with a 30.79% return vs 23.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGIC or IDEV?

IDEV is cheaper with a 0.05% expense ratio, compared with 0.54% for CGIC.

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

IDEV has the higher dividend yield at 3.13%, compared with 1.32% for CGIC.

What is the main difference between CGIC and IDEV?

They also come from different issuers: Capital Group and iShares. Their fees differ too: 0.54% for CGIC and 0.05% for IDEV.

Which has better risk-adjusted returns?

CGIC currently has the higher Sharpe Ratio (2.06 vs 1.61), 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.