CPLS vs. CGCP

Last updated Jun 23, 2026

CPLS (AB Core Plus Bond ETF) and CGCP (Capital Group Core Plus Income ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past year, CPLS returned 4.59% vs 4.89% for CGCP. Their correlation of 0.94 suggests significant overlap in exposure. CPLS charges 0.33%/yr vs 0.34%/yr for CGCP.

Performance

CPLS vs. CGCP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Core Plus Bond ETF (CPLS) and Capital Group Core Plus Income ETF (CGCP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPLS achieves a 0.47% return, which is significantly lower than CGCP's 0.56% return.

CPLS

• 1D: -0.25%
• 1M: 0.53%
• YTD: 0.47%
• 6M: 0.56%
• 1Y: 4.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CGCP

• 1D: 0.18%
• 1M: 0.63%
• YTD: 0.56%
• 6M: 0.68%
• 1Y: 4.89%
• 3Y*: 5.20%
• 5Y*: —
• 10Y*: —

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

CPLS vs. CGCP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CPLS AB Core Plus Bond ETF	0.47%	6.91%	1.65%	2.13%
CGCP Capital Group Core Plus Income ETF	0.56%	7.35%	2.95%	2.72%

Correlation

The correlation between CPLS and CGCP is 0.95, 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	0.95
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023	0.94

The correlation between CPLS and CGCP has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

Return for Risk

CPLS vs. CGCP — Risk / Return Rank

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

CPLS

CPLS Risk / Return Rank: 35
CPLS Sharpe Ratio Rank: 34
CPLS Sortino Ratio Rank: 35
CPLS Omega Ratio Rank: 32
CPLS Calmar Ratio Rank: 38
CPLS Martin Ratio Rank: 37

CGCP

CGCP Risk / Return Rank: 39
CGCP Sharpe Ratio Rank: 40
CGCP Sortino Ratio Rank: 40
CGCP Omega Ratio Rank: 37
CGCP Calmar Ratio Rank: 39
CGCP Martin Ratio Rank: 40

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.

CPLS vs. CGCP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Core Plus Bond ETF (CPLS) and Capital Group Core Plus Income ETF (CGCP). 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.

	CPLS	CGCP	Difference
Sharpe ratio: Return per unit of total volatility	1.19	1.34	-0.15
Sortino ratio: Return per unit of downside risk	1.80	1.99	-0.19
Omega ratio: Gain probability vs. loss probability	1.21	1.24	-0.03
Calmar ratio: Return relative to maximum drawdown	1.86	1.90	-0.04
Martin ratio: Return relative to average drawdown	5.58	5.99	-0.41

CPLS vs. CGCP - Sharpe Ratio Comparison

The current CPLS Sharpe Ratio is 1.19, which is comparable to the CGCP Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of CPLS and CGCP, 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

CPLS vs. CGCP - Drawdown Comparison

The maximum CPLS drawdown since its inception was -4.43%, smaller than the maximum CGCP drawdown of -15.06%. Use the drawdown chart below to compare losses from any high point for CPLS and CGCP.

Drawdown Indicators

	CPLS	CGCP	Difference
Max Drawdown Largest peak-to-trough decline	-4.43%	-15.06%	+10.63%
Max Drawdown (1Y) Largest decline over 1 year	-2.47%	-2.59%	+0.12%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.37%	—
Current Drawdown Current decline from peak	-1.09%	-0.94%	-0.15%
Average Drawdown Average peak-to-trough decline	-1.23%	-4.88%	+3.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	0.82%	0.00%

Volatility

CPLS vs. CGCP - Volatility Comparison

AB Core Plus Bond ETF (CPLS) and Capital Group Core Plus Income ETF (CGCP) have volatilities of 1.09% and 1.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPLS	CGCP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.09%	1.12%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	2.96%	2.81%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	3.87%	3.67%	+0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.84%	6.33%	-1.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.84%	6.33%	-1.49%

CPLS vs. CGCP - Expense Ratio Comparison

CPLS has a 0.33% expense ratio, which is lower than CGCP's 0.34% expense ratio.

Dividends

CPLS vs. CGCP - Dividend Comparison

CPLS's dividend yield for the trailing twelve months is around 4.61%, less than CGCP's 5.15% yield.

Position	TTM	2025	2024	2023	2022
CGCP Capital Group Core Plus Income ETF	5.15%	5.10%	5.17%	4.98%	2.96%
CPLS AB Core Plus Bond ETF	4.61%	4.66%	4.71%	0.23%	0.00%

Frequently Asked Questions

Can I hold both CPLS and CGCP in my portfolio?

With a correlation of 0.95, CPLS and CGCP 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, CPLS or CGCP?

CGCP has higher volatility (1.12%) compared to CPLS (1.09%). In terms of maximum drawdown, CPLS dropped -4.43% vs CGCP's -15.06%.

Which ETF is better, CPLS or CGCP?

On 1-year performance, CGCP leads with 4.89% vs 4.59% for CPLS. On fees, CPLS is cheaper at 0.33% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CPLS or CGCP?

Over the 1-year period, CGCP has performed better with a 4.89% return vs 4.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CPLS or CGCP?

CPLS is cheaper with a 0.33% expense ratio, compared with 0.34% for CGCP.

Which ETF pays a higher dividend yield, CPLS or CGCP?

CGCP has the higher dividend yield at 5.15%, compared with 4.61% for CPLS.

What is the main difference between CPLS and CGCP?

They also come from different issuers: AllianceBernstein and Capital Group. Their fees differ too: 0.33% for CPLS and 0.34% for CGCP.

Which has better risk-adjusted returns?

CGCP currently has the higher Sharpe Ratio (1.34 vs 1.19), 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.