CGXU vs. IBIC

Last updated Jun 23, 2026

CGXU (Capital Group International Focus Equity ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - CGXU is a Foreign Large Cap Equities fund actively managed by Capital Group, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. CGXU is actively managed, while IBIC is passively managed. Over the past year, CGXU returned 44.55% vs 4.38% for IBIC. At a 0.01 correlation, their price movements are largely independent. CGXU charges 0.54%/yr vs 0.10%/yr for IBIC.

Performance

CGXU vs. IBIC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group International Focus Equity ETF (CGXU) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGXU achieves a 21.86% return, which is significantly higher than IBIC's 2.39% return.

CGXU

• 1D: -0.25%
• 1M: 7.36%
• YTD: 21.86%
• 6M: 23.24%
• 1Y: 44.55%
• 3Y*: 18.53%
• 5Y*: —
• 10Y*: —

IBIC

• 1D: 0.06%
• 1M: 0.08%
• YTD: 2.39%
• 6M: 2.49%
• 1Y: 4.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CGXU vs. IBIC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CGXU Capital Group International Focus Equity ETF	21.86%	26.31%	4.36%	5.53%
IBIC iShares iBonds Oct 2026 Term TIPS ETF	2.39%	4.96%	5.25%	2.17%

Correlation

The correlation between CGXU and IBIC is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.20
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023	0.01

The correlation between CGXU and IBIC shifts across timeframes, from -0.20 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CGXU vs. IBIC — Risk / Return Rank

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

CGXU

CGXU Risk / Return Rank: 67
CGXU Sharpe Ratio Rank: 67
CGXU Sortino Ratio Rank: 63
CGXU Omega Ratio Rank: 64
CGXU Calmar Ratio Rank: 70
CGXU Martin Ratio Rank: 69

IBIC

IBIC Risk / Return Rank: 98
IBIC Sharpe Ratio Rank: 98
IBIC Sortino Ratio Rank: 98
IBIC Omega Ratio Rank: 98
IBIC Calmar Ratio Rank: 98
IBIC Martin Ratio Rank: 98

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.

CGXU vs. IBIC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group International Focus Equity ETF (CGXU) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CGXU	IBIC	Difference
Sharpe ratio: Return per unit of total volatility	2.11	4.94	-2.84
Sortino ratio: Return per unit of downside risk	2.83	8.90	-6.06
Omega ratio: Gain probability vs. loss probability	1.37	2.21	-0.84
Calmar ratio: Return relative to maximum drawdown	3.41	16.41	-13.01
Martin ratio: Return relative to average drawdown	12.37	58.11	-45.74

CGXU vs. IBIC - Sharpe Ratio Comparison

The current CGXU Sharpe Ratio is 2.11, which is lower than the IBIC Sharpe Ratio of 4.94. The chart below compares the historical Sharpe Ratios of CGXU and IBIC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CGXU vs. IBIC - Drawdown Comparison

The maximum CGXU drawdown since its inception was -25.64%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for CGXU and IBIC.

Drawdown Indicators

	CGXU	IBIC	Difference
Max Drawdown Largest peak-to-trough decline	-25.64%	-0.90%	-24.74%
Max Drawdown (1Y) Largest decline over 1 year	-13.14%	-0.27%	-12.87%
Max Drawdown (3Y) Largest decline over 3 years	-21.63%	—	—
Current Drawdown Current decline from peak	-0.25%	-0.11%	-0.14%
Average Drawdown Average peak-to-trough decline	-6.61%	-0.10%	-6.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	0.08%	+3.53%

Volatility

CGXU vs. IBIC - Volatility Comparison

Capital Group International Focus Equity ETF (CGXU) has a higher volatility of 9.16% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.16%. This indicates that CGXU's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGXU	IBIC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.16%	0.16%	+9.00%
Volatility (6M) Calculated over the trailing 6-month period	18.65%	0.67%	+17.98%
Volatility (1Y) Calculated over the trailing 1-year period	21.29%	0.89%	+20.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.23%	1.57%	+18.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.23%	1.57%	+18.66%

CGXU vs. IBIC - Expense Ratio Comparison

CGXU has a 0.54% expense ratio, which is higher than IBIC's 0.10% expense ratio.

Dividends

CGXU vs. IBIC - Dividend Comparison

CGXU's dividend yield for the trailing twelve months is around 4.35%, more than IBIC's 3.59% yield.

Position	TTM	2025	2024	2023	2022
CGXU Capital Group International Focus Equity ETF	4.35%	5.31%	1.01%	0.99%	0.95%
IBIC iShares iBonds Oct 2026 Term TIPS ETF	3.59%	4.43%	4.65%	0.83%	0.00%

Frequently Asked Questions

Can I hold both CGXU and IBIC in my portfolio?

CGXU and IBIC have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGXU or IBIC?

CGXU has higher volatility (9.16%) compared to IBIC (0.16%). In terms of maximum drawdown, CGXU dropped -25.64% vs IBIC's -0.90%.

Which ETF is better, CGXU or IBIC?

On 1-year performance, CGXU leads with 44.55% vs 4.38% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGXU or IBIC?

Over the 1-year period, CGXU has performed better with a 44.55% return vs 4.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGXU or IBIC?

IBIC is cheaper with a 0.10% expense ratio, compared with 0.54% for CGXU.

Which ETF pays a higher dividend yield, CGXU or IBIC?

CGXU has the higher dividend yield at 4.35%, compared with 3.59% for IBIC.

What is the main difference between CGXU and IBIC?

CGXU is categorized as Foreign Large Cap Equities, while IBIC is Inflation-Protected Bonds. They also come from different issuers: Capital Group and iShares. Their fees differ too: 0.54% for CGXU and 0.10% for IBIC.

Which has better risk-adjusted returns?

IBIC currently has the higher Sharpe Ratio (4.94 vs 2.11), 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.