CGUS vs. CGBL

Last updated Jun 5, 2026

CGUS (Capital Group Core Equity ETF) and CGBL (Capital Group Core Balanced ETF) are both exchange-traded funds - CGUS is a Large Cap Blend Equities fund actively managed by Capital Group, while CGBL is a Diversified Portfolio fund actively managed by Capital Group. Both are actively managed. Over the past year, CGUS returned 25.75% vs 18.31% for CGBL. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.33% expense ratio.

Performance

CGUS vs. CGBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Core Equity ETF (CGUS) and Capital Group Core Balanced ETF (CGBL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGUS achieves a 10.53% return, which is significantly higher than CGBL's 7.54% return.

CGUS

• 1D: 0.54%
• 1M: 3.81%
• YTD: 10.53%
• 6M: 10.68%
• 1Y: 25.75%
• 3Y*: 22.68%
• 5Y*: —
• 10Y*: —

CGBL

• 1D: 0.08%
• 1M: 3.05%
• YTD: 7.54%
• 6M: 8.49%
• 1Y: 18.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CGUS vs. CGBL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CGUS Capital Group Core Equity ETF	10.53%	16.21%	24.89%	12.57%
CGBL Capital Group Core Balanced ETF	7.54%	15.33%	16.64%	9.80%

Correlation

The correlation between CGUS and CGBL is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023	0.93

The correlation between CGUS and CGBL has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

CGUS vs. CGBL - Sectors Allocation Comparison

Sectors	CGUS	CGBL
Technology	38.4%	29.9%
Financial Services	10.8%	11.8%
Communication Services	9.9%	8.4%
Consumer Cyclical	9.8%	8.7%
Industrials	9.6%	16.6%
Healthcare	8.3%	8.9%
Energy	3.7%	2.0%
Consumer Defensive	3.3%	4.2%
Basic Materials	2.5%	7.2%
Real Estate	2.1%	0.0%
Utilities	1.7%	2.5%

Return for Risk

CGUS vs. CGBL — Risk / Return Rank

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

CGUS

CGUS Risk / Return Rank: 63
CGUS Sharpe Ratio Rank: 65
CGUS Sortino Ratio Rank: 62
CGUS Omega Ratio Rank: 64
CGUS Calmar Ratio Rank: 56
CGUS Martin Ratio Rank: 68

CGBL

CGBL Risk / Return Rank: 57
CGBL Sharpe Ratio Rank: 58
CGBL Sortino Ratio Rank: 60
CGBL Omega Ratio Rank: 58
CGBL Calmar Ratio Rank: 48
CGBL Martin Ratio Rank: 59

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.

CGUS vs. CGBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Core Equity ETF (CGUS) and Capital Group Core Balanced ETF (CGBL). 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.

	CGUS	CGBL	Difference
Sharpe ratio: Return per unit of total volatility	2.10	1.92	+0.18
Sortino ratio: Return per unit of downside risk	2.85	2.78	+0.07
Omega ratio: Gain probability vs. loss probability	1.38	1.35	+0.03
Calmar ratio: Return relative to maximum drawdown	2.70	2.33	+0.36
Martin ratio: Return relative to average drawdown	12.54	10.36	+2.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGUS vs. CGBL - Sharpe Ratio Comparison

The current CGUS Sharpe Ratio is 2.10, which is comparable to the CGBL Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of CGUS and CGBL, 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

	CGUS	CGBL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	1.92	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	1.72	-0.74

Drawdowns

CGUS vs. CGBL - Drawdown Comparison

The maximum CGUS drawdown since its inception was -21.86%, which is greater than CGBL's maximum drawdown of -11.66%. Use the drawdown chart below to compare losses from any high point for CGUS and CGBL.

Drawdown Indicators

	CGUS	CGBL	Difference
Max Drawdown Largest peak-to-trough decline	-21.86%	-11.66%	-10.20%
Max Drawdown (1Y) Largest decline over 1 year	-9.59%	-7.88%	-1.71%
Max Drawdown (3Y) Largest decline over 3 years	-18.06%	—	—
Current Drawdown Current decline from peak	-0.20%	-0.53%	+0.33%
Average Drawdown Average peak-to-trough decline	-4.64%	-1.29%	-3.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	1.77%	+0.29%

Volatility

CGUS vs. CGBL - Volatility Comparison

The current volatility for Capital Group Core Equity ETF (CGUS) is 2.90%, while Capital Group Core Balanced ETF (CGBL) has a volatility of 3.10%. This indicates that CGUS experiences smaller price fluctuations and is considered to be less risky than CGBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGUS	CGBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	3.10%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	9.47%	7.84%	+1.63%
Volatility (1Y) Calculated over the trailing 1-year period	12.32%	9.60%	+2.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.37%	11.02%	+5.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.37%	11.02%	+5.35%

CGUS vs. CGBL - Expense Ratio Comparison

Both CGUS and CGBL have an expense ratio of 0.33%.

Dividends

CGUS vs. CGBL - Dividend Comparison

CGUS's dividend yield for the trailing twelve months is around 0.87%, less than CGBL's 1.85% yield.

Position	TTM	2025	2024	2023	2022
CGBL Capital Group Core Balanced ETF	1.85%	1.98%	1.92%	0.48%	0.00%
CGUS Capital Group Core Equity ETF	0.87%	0.95%	1.02%	1.22%	1.10%

Frequently Asked Questions

Can I hold both CGUS and CGBL in my portfolio?

With a correlation of 0.91, CGUS and CGBL 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, CGUS or CGBL?

CGBL has higher volatility (3.10%) compared to CGUS (2.90%). In terms of maximum drawdown, CGUS dropped -21.86% vs CGBL's -11.66%.

Which ETF is better, CGUS or CGBL?

On 1-year performance, CGUS leads with 25.75% vs 18.31% for CGBL. Both ETFs have the same 0.33% expense ratio. On volatility, CGUS has been the lower-risk option at 2.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGUS or CGBL?

Over the 1-year period, CGUS has performed better with a 25.75% return vs 18.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGUS or CGBL?

CGUS and CGBL have the same expense ratio: 0.33% per year.

Which ETF pays a higher dividend yield, CGUS or CGBL?

CGBL has the higher dividend yield at 1.85%, compared with 0.87% for CGUS.

What is the main difference between CGUS and CGBL?

CGUS is categorized as Large Cap Blend Equities, while CGBL is Diversified Portfolio.

Which has better risk-adjusted returns?

CGUS currently has the higher Sharpe Ratio (2.10 vs 1.92), 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.