CGSD vs. BBBS
Compare and contrast key facts about Capital Group Short Duration Income ETF (CGSD) and Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS).
CGSD and BBBS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CGSD is an actively managed fund by Capital Group. It was launched on Oct 25, 2022. BBBS is a passively managed fund by BondBloxx that tracks the performance of the Bloomberg U.S. Corporate BBB 1-5 Year Index. It was launched on Jan 23, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGSD or BBBS.
Key characteristics
| CGSD | BBBS | |
|---|---|---|
| Daily Std Dev | 2.22% | 2.42% |
| Max Drawdown | -1.75% | -1.18% |
| Current Drawdown | -0.71% | -1.07% |
Correlation
The correlation between CGSD and BBBS is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CGSD vs. BBBS - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CGSD vs. BBBS - Expense Ratio Comparison
CGSD has a 0.25% expense ratio, which is higher than BBBS's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
CGSD vs. BBBS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Short Duration Income ETF (CGSD) and Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS). 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.
Not enough dataDividends
CGSD vs. BBBS - Dividend Comparison
CGSD's dividend yield for the trailing twelve months is around 4.60%, more than BBBS's 3.47% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
CGSD Capital Group Short Duration Income ETF | 4.60% | 4.44% | 0.64% |
BBBS Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF | 3.47% | 0.00% | 0.00% |
Drawdowns
CGSD vs. BBBS - Drawdown Comparison
The maximum CGSD drawdown since its inception was -1.75%, which is greater than BBBS's maximum drawdown of -1.18%. Use the drawdown chart below to compare losses from any high point for CGSD and BBBS. For additional features, visit the drawdowns tool.
Volatility
CGSD vs. BBBS - Volatility Comparison
The current volatility for Capital Group Short Duration Income ETF (CGSD) is 0.50%, while Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) has a volatility of 0.69%. This indicates that CGSD experiences smaller price fluctuations and is considered to be less risky than BBBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.