DDX vs. CGBL

Last updated Aug 4, 2026

DDX (Defined Duration 10 ETF) and CGBL (Capital Group Core Balanced ETF) are both Diversified Portfolio funds. Both are actively managed. Over the past year, DDX returned 10.88% vs 14.91% for CGBL. Their 0.72 correlation means they have sometimes moved together and sometimes differently. DDX charges 0.25%/yr vs 0.33%/yr for CGBL.

Performance

DDX vs. CGBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defined Duration 10 ETF (DDX) 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, DDX achieves a 5.30% return, which is significantly lower than CGBL's 7.35% return.

DDX

• 1D: 0.14%
• 1M: 0.09%
• 6M: 3.38%
• YTD: 5.30%
• 1Y: 10.88%
• 3Y*: 8.28%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.71%

CGBL

• 1D: 1.05%
• 1M: -0.32%
• 6M: 4.79%
• YTD: 7.35%
• 1Y: 14.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.69%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CGBL Capital Group Core Balanced ETF	$47.97M	$63.92M	$78.16M
DDX Defined Duration 10 ETF	$154.10K	$124.34K	$176.62K

DDX vs. CGBL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DDX Defined Duration 10 ETF	5.30%	12.02%	2.93%	7.78%
CGBL Capital Group Core Balanced ETF	7.35%	15.33%	16.64%	10.10%

Correlation

The correlation between DDX and CGBL is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023	0.72

The correlation between DDX and CGBL shifts across timeframes, from 0.72 (all time) to 0.84 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DDX vs. CGBL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DDX

DDX Risk / Return Rank: 76
DDX Sharpe Ratio Rank: 79
DDX Sortino Ratio Rank: 82
DDX Omega Ratio Rank: 81
DDX Calmar Ratio Rank: 66
DDX Martin Ratio Rank: 74

CGBL

CGBL Risk / Return Rank: 59
CGBL Sharpe Ratio Rank: 59
CGBL Sortino Ratio Rank: 60
CGBL Omega Ratio Rank: 58
CGBL Calmar Ratio Rank: 52
CGBL Martin Ratio Rank: 64

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DDX vs. CGBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defined Duration 10 ETF (DDX) 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.

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.

	DDX	CGBL	Difference
Sharpe ratio: Return per unit of total volatility	1.94	1.43	+0.50
Sortino ratio: Return per unit of downside risk	2.85	2.07	+0.77
Omega ratio: Gain probability vs. loss probability	1.37	1.26	+0.10
Calmar ratio: Return relative to maximum drawdown	2.48	1.90	+0.58
Martin ratio: Return relative to average drawdown	9.81	8.01	+1.81

DDX vs. CGBL - Sharpe Ratio Comparison

The current DDX Sharpe Ratio is 1.94, which is higher than the CGBL Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of DDX 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.

Drawdowns

DDX vs. CGBL - Drawdown Comparison

The maximum DDX drawdown since its inception was -21.27%, which is greater than CGBL's maximum drawdown of -11.66%. Use the drawdown chart below to compare losses from any high point for DDX and CGBL.

Drawdown Indicators

	DDX	CGBL	Difference
Max Drawdown Largest peak-to-trough decline	-21.27%	-11.66%	-9.61%
Max Drawdown (1Y) Largest decline over 1 year	-4.41%	-7.88%	+3.47%
Max Drawdown (3Y) Largest decline over 3 years	-5.26%	—	—
Current Drawdown Current decline from peak	-0.37%	-0.95%	+0.58%
Average Drawdown Average peak-to-trough decline	-6.90%	-1.29%	-5.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.11%	1.87%	-0.76%

Volatility

DDX vs. CGBL - Volatility Comparison

The current volatility for Defined Duration 10 ETF (DDX) is 1.55%, while Capital Group Core Balanced ETF (CGBL) has a volatility of 2.91%. This indicates that DDX 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

	DDX	CGBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.55%	2.91%	-1.36%
Volatility (6M) Calculated over the trailing 6-month period	4.84%	8.72%	-3.88%
Volatility (1Y) Calculated over the trailing 1-year period	5.65%	10.46%	-4.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.43%	11.10%	-3.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.43%	11.10%	-3.67%

DDX vs. CGBL - Expense Ratio Comparison

DDX has a 0.25% expense ratio, which is lower than CGBL's 0.33% expense ratio.

Dividends

DDX vs. CGBL - Dividend Comparison

DDX's dividend yield for the trailing twelve months is around 3.33%, more than CGBL's 1.86% yield.

Position	TTM	2025	2024	2023	2022	2021
CGBL Capital Group Core Balanced ETF	1.86%	1.98%	1.92%	0.48%	0.00%	0.00%
DDX Defined Duration 10 ETF	3.33%	3.17%	3.11%	2.41%	1.38%	1.14%

Frequently Asked Questions

Can I hold both DDX and CGBL in my portfolio?

DDX and CGBL have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DDX or CGBL?

CGBL has higher volatility (2.91%) compared to DDX (1.55%). In terms of maximum drawdown, DDX dropped -21.27% vs CGBL's -11.66%.

Which ETF is better, DDX or CGBL?

On 1-year performance, CGBL leads with 14.91% vs 10.88% for DDX. On fees, DDX is cheaper at 0.25% per year. On volatility, DDX has been the lower-risk option at 1.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DDX or CGBL?

Over the 1-year period, CGBL has performed better with a 14.91% return vs 10.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DDX or CGBL?

DDX is cheaper with a 0.25% expense ratio, compared with 0.33% for CGBL.

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

DDX has the higher dividend yield at 3.33%, compared with 1.86% for CGBL.

What is the main difference between DDX and CGBL?

They also come from different issuers: Discipline Funds and Capital Group. Their fees differ too: 0.25% for DDX and 0.33% for CGBL.

Which has better risk-adjusted returns?

DDX currently has the higher Sharpe Ratio (1.94 vs 1.43), 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.