DEF vs. CGUI
DEF (Invesco Defensive Equity ETF) and CGUI (Capital Group Ultra Short Income ETF) are both exchange-traded funds - DEF is a Large Cap Growth Equities fund tracking the Invesco Defensive Equity Index, while CGUI is a Ultrashort Bond fund actively managed by Capital Group. DEF is passively managed, while CGUI is actively managed. At a correlation of -0.67, they often move in opposite directions. DEF charges 0.53%/yr vs 0.18%/yr for CGUI.
Performance
DEF vs. CGUI - Performance Comparison
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Returns By Period
DEF
- 1D
- -3.03%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CGUI
- 1D
- 0.06%
- 1M
- 0.31%
- YTD
- 1.64%
- 6M
- 1.76%
- 1Y
- 4.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DEF vs. CGUI - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
DEF Invesco Defensive Equity ETF | -11.11% |
CGUI Capital Group Ultra Short Income ETF | 0.16% |
Correlation
The correlation between DEF and CGUI is -0.67, 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 (All Time) Calculated using the full available price history since Jun 8, 2026 | -0.67 |
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Return for Risk
DEF vs. CGUI — Risk / Return Rank
DEF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CGUI
DEF vs. CGUI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Defensive Equity ETF (DEF) and Capital Group Ultra Short Income ETF (CGUI). 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.
| DEF | CGUI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 2.56 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 23.82 | — |
| Martin ratioReturn relative to average drawdown | — | 99.46 | — |
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Drawdowns
DEF vs. CGUI - Drawdown Comparison
The maximum DEF drawdown since its inception was -11.11%, which is greater than CGUI's maximum drawdown of -0.18%. Use the drawdown chart below to compare losses from any high point for DEF and CGUI.
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Drawdown Indicators
| DEF | CGUI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.11% | -0.18% | -10.93% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.18% | — |
Current DrawdownCurrent decline from peak | -11.11% | -0.04% | -11.07% |
Average DrawdownAverage peak-to-trough decline | -9.26% | -0.02% | -9.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.04% | — |
Volatility
DEF vs. CGUI - Volatility Comparison
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Volatility by Period
| DEF | CGUI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.23% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.56% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 66.96% | 0.73% | +66.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.96% | 0.80% | +66.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.96% | 0.80% | +66.16% |
DEF vs. CGUI - Expense Ratio Comparison
DEF has a 0.53% expense ratio, which is higher than CGUI's 0.18% expense ratio.
Dividends
DEF vs. CGUI - Dividend Comparison
DEF has not paid dividends to shareholders, while CGUI's dividend yield for the trailing twelve months is around 3.88%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CGUI Capital Group Ultra Short Income ETF | 3.88% | 4.17% | 2.62% |
DEF Invesco Defensive Equity ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DEF and CGUI have a correlation of -0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CGUI is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CGUI is cheaper with a 0.18% expense ratio, compared with 0.53% for DEF.
CGUI has the higher dividend yield at 3.88%, compared with 0.00% for DEF.
DEF is categorized as Large Cap Growth Equities, while CGUI is Ultrashort Bond. They also come from different issuers: Invesco and Capital Group. Their fees differ too: 0.53% for DEF and 0.18% for CGUI.
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