CGSD vs. BND
CGSD (Capital Group Short Duration Income ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - CGSD is a Short-Term Bond fund actively managed by Capital Group, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. CGSD is actively managed, while BND is passively managed. Over the past 3 years, CGSD returned 5.21%/yr vs 3.96%/yr for BND. A 0.70 correlation means they provide meaningful diversification when combined. CGSD charges 0.25%/yr vs 0.03%/yr for BND.
Performance
CGSD vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, CGSD achieves a 0.70% return, which is significantly higher than BND's 0.27% return.
CGSD
- 1D
- -0.10%
- 1M
- 0.14%
- YTD
- 0.70%
- 6M
- 1.09%
- 1Y
- 4.30%
- 3Y*
- 5.21%
- 5Y*
- —
- 10Y*
- —
BND
- 1D
- -0.19%
- 1M
- 0.27%
- YTD
- 0.27%
- 6M
- 0.12%
- 1Y
- 5.11%
- 3Y*
- 3.96%
- 5Y*
- 0.09%
- 10Y*
- 1.58%
CGSD vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CGSD Capital Group Short Duration Income ETF | 0.70% | 6.11% | 5.46% | 5.03% | 1.32% |
BND Vanguard Total Bond Market ETF | 0.27% | 7.08% | 1.38% | 5.65% | 2.31% |
Correlation
The correlation between CGSD and BND is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022 | 0.70 |
The correlation between CGSD and BND has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.
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Return for Risk
CGSD vs. BND — Risk / Return Rank
CGSD
BND
CGSD vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Short Duration Income ETF (CGSD) and Vanguard Total Bond Market ETF (BND). 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.
| CGSD | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.58 | ||
| Sortino ratioReturn per unit of downside risk | +2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.24 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 3.88 | 1.92 | +1.96 |
| Martin ratioReturn relative to average drawdown | 18.36 | 5.80 | +12.56 |
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
| CGSD | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.94 | 1.36 | +1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.01 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.41 | 0.59 | +1.83 |
Drawdowns
CGSD vs. BND - Drawdown Comparison
The maximum CGSD drawdown since its inception was -1.75%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for CGSD and BND.
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Drawdown Indicators
| CGSD | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.75% | -18.58% | +16.83% |
Max Drawdown (1Y)Largest decline over 1 year | -1.11% | -2.68% | +1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -1.11% | -5.92% | +4.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -0.14% | -2.37% | +2.23% |
Average DrawdownAverage peak-to-trough decline | -0.28% | -3.06% | +2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 0.88% | -0.65% |
Volatility
CGSD vs. BND - Volatility Comparison
The current volatility for Capital Group Short Duration Income ETF (CGSD) is 0.39%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.23%. This indicates that CGSD experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGSD | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.39% | 1.23% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 1.01% | 2.66% | -1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.47% | 3.78% | -2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.16% | 6.02% | -3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.16% | 5.53% | -3.37% |
CGSD vs. BND - Expense Ratio Comparison
CGSD has a 0.25% expense ratio, which is higher than BND's 0.03% 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%.
Dividends
CGSD vs. BND - Dividend Comparison
CGSD's dividend yield for the trailing twelve months is around 4.46%, more than BND's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.97% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
CGSD Capital Group Short Duration Income ETF | 4.46% | 4.48% | 4.57% | 4.43% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CGSD and BND have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BND has higher volatility (1.23%) compared to CGSD (0.39%). In terms of maximum drawdown, CGSD dropped -1.75% vs BND's -18.58%.
On 3-year performance, CGSD leads with 5.21% vs 3.96% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, CGSD has been the lower-risk option at 0.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CGSD has performed better with a 5.21% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.25% for CGSD.
CGSD has the higher dividend yield at 4.46%, compared with 3.97% for BND.
CGSD is categorized as Short-Term Bond, while BND is Total Bond Market. They also come from different issuers: Capital Group and Vanguard. Their fees differ too: 0.25% for CGSD and 0.03% for BND.
CGSD currently has the higher Sharpe Ratio (2.94 vs 1.36), 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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