CGSD vs. SHY
Compare and contrast key facts about Capital Group Short Duration Income ETF (CGSD) and iShares 1-3 Year Treasury Bond ETF (SHY).
CGSD and SHY 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. SHY is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 1-3 Year Treasury Bond Index. It was launched on Jul 22, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGSD or SHY.
Key characteristics
| CGSD | SHY | |
|---|---|---|
| YTD Return | 4.59% | 3.32% |
| 1Y Return | 6.49% | 4.84% |
| Sharpe Ratio | 3.15 | 2.74 |
| Sortino Ratio | 4.98 | 4.43 |
| Omega Ratio | 1.66 | 1.57 |
| Calmar Ratio | 7.76 | 2.31 |
| Martin Ratio | 22.40 | 14.62 |
| Ulcer Index | 0.31% | 0.36% |
| Daily Std Dev | 2.22% | 1.92% |
| Max Drawdown | -1.75% | -5.71% |
| Current Drawdown | -0.67% | -0.82% |
Correlation
The correlation between CGSD and SHY is 0.78, 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. SHY - Performance Comparison
In the year-to-date period, CGSD achieves a 4.59% return, which is significantly higher than SHY's 3.32% return. 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. SHY - Expense Ratio Comparison
CGSD has a 0.25% expense ratio, which is higher than SHY's 0.15% 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. SHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Short Duration Income ETF (CGSD) and iShares 1-3 Year Treasury Bond ETF (SHY). 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.
Dividends
CGSD vs. SHY - Dividend Comparison
CGSD's dividend yield for the trailing twelve months is around 4.60%, more than SHY's 3.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGSD Capital Group Short Duration Income ETF | 4.60% | 4.44% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.86% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.72% | 0.54% | 0.36% | 0.26% |
Drawdowns
CGSD vs. SHY - Drawdown Comparison
The maximum CGSD drawdown since its inception was -1.75%, smaller than the maximum SHY drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for CGSD and SHY. For additional features, visit the drawdowns tool.
Volatility
CGSD vs. SHY - Volatility Comparison
Capital Group Short Duration Income ETF (CGSD) has a higher volatility of 0.48% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.39%. This indicates that CGSD's price experiences larger fluctuations and is considered to be riskier than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.