Correlation
The correlation between CGSD and NEAR is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
CGSD vs. NEAR
Compare and contrast key facts about Capital Group Short Duration Income ETF (CGSD) and iShares Short Maturity Bond ETF (NEAR).
CGSD and NEAR 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. NEAR is an actively managed fund by iShares. It was launched on Sep 25, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGSD or NEAR.
Performance
CGSD vs. NEAR - Performance Comparison
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Key characteristics
CGSD:
3.35
NEAR:
3.16
CGSD:
5.49
NEAR:
4.72
CGSD:
1.77
NEAR:
1.73
CGSD:
8.59
NEAR:
5.67
CGSD:
24.15
NEAR:
21.35
CGSD:
0.27%
NEAR:
0.31%
CGSD:
1.89%
NEAR:
2.06%
CGSD:
-1.75%
NEAR:
-9.61%
CGSD:
-0.39%
NEAR:
-0.19%
Returns By Period
In the year-to-date period, CGSD achieves a 2.06% return, which is significantly lower than NEAR's 2.28% return.
CGSD
2.06%
-0.15%
2.32%
6.28%
N/A
N/A
N/A
NEAR
2.28%
-0.19%
2.54%
6.47%
5.32%
3.42%
2.51%
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CGSD vs. NEAR - Expense Ratio Comparison
Both CGSD and NEAR have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
CGSD vs. NEAR — Risk-Adjusted Performance Rank
CGSD
NEAR
CGSD vs. NEAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Short Duration Income ETF (CGSD) and iShares Short Maturity Bond ETF (NEAR). 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.
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Dividends
CGSD vs. NEAR - Dividend Comparison
CGSD's dividend yield for the trailing twelve months is around 4.57%, less than NEAR's 4.89% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGSD Capital Group Short Duration Income ETF | 4.57% | 4.57% | 4.44% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEAR iShares Short Maturity Bond ETF | 4.89% | 5.00% | 4.59% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% | 0.85% |
Drawdowns
CGSD vs. NEAR - Drawdown Comparison
The maximum CGSD drawdown since its inception was -1.75%, smaller than the maximum NEAR drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for CGSD and NEAR.
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Volatility
CGSD vs. NEAR - Volatility Comparison
Capital Group Short Duration Income ETF (CGSD) has a higher volatility of 0.69% compared to iShares Short Maturity Bond ETF (NEAR) at 0.58%. This indicates that CGSD's price experiences larger fluctuations and is considered to be riskier than NEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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