HYDB vs. CGCB
HYDB (iShares High Yield Bond Factor ETF) and CGCB (Capital Group Core Bond ETF) are both exchange-traded funds - HYDB is a High Yield Bonds fund tracking the BlackRock High Yield Defensive Bond Index, while CGCB is a Intermediate Core Bond fund actively managed by Capital Group. HYDB is passively managed, while CGCB is actively managed. Over the past year, HYDB returned 6.90% vs 4.90% for CGCB. A 0.57 correlation means they provide meaningful diversification when combined. HYDB charges 0.35%/yr vs 0.27%/yr for CGCB.
Performance
HYDB vs. CGCB - Performance Comparison
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Returns By Period
In the year-to-date period, HYDB achieves a 1.01% return, which is significantly higher than CGCB's -0.30% return.
HYDB
- 1D
- 0.04%
- 1M
- -0.30%
- YTD
- 1.01%
- 6M
- 1.80%
- 1Y
- 6.90%
- 3Y*
- 8.94%
- 5Y*
- 4.57%
- 10Y*
- —
CGCB
- 1D
- 0.00%
- 1M
- -0.77%
- YTD
- -0.30%
- 6M
- 0.15%
- 1Y
- 4.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYDB vs. CGCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HYDB iShares High Yield Bond Factor ETF | 1.01% | 8.10% | 9.11% | 7.63% |
CGCB Capital Group Core Bond ETF | -0.30% | 7.29% | 1.44% | 6.80% |
Correlation
The correlation between HYDB and CGCB is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023 | 0.57 |
The correlation between HYDB and CGCB has been stable across timeframes, ranging from 0.57 to 0.57 - a consistent structural relationship.
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Return for Risk
HYDB vs. CGCB — Risk / Return Rank
HYDB
CGCB
HYDB vs. CGCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares High Yield Bond Factor ETF (HYDB) and Capital Group Core Bond ETF (CGCB). 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.
| HYDB | CGCB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.22 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 1.65 | +0.79 |
| Martin ratioReturn relative to average drawdown | 10.80 | 4.88 | +5.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYDB | CGCB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 1.26 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 1.05 | -0.35 |
Drawdowns
HYDB vs. CGCB - Drawdown Comparison
The maximum HYDB drawdown since its inception was -21.58%, which is greater than CGCB's maximum drawdown of -5.17%. Use the drawdown chart below to compare losses from any high point for HYDB and CGCB.
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Drawdown Indicators
| HYDB | CGCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.58% | -5.17% | -16.41% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -2.98% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -5.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.28% | — | — |
Current DrawdownCurrent decline from peak | -0.51% | -2.17% | +1.66% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -1.35% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 1.01% | -0.37% |
Volatility
HYDB vs. CGCB - Volatility Comparison
The current volatility for iShares High Yield Bond Factor ETF (HYDB) is 1.09%, while Capital Group Core Bond ETF (CGCB) has a volatility of 1.26%. This indicates that HYDB experiences smaller price fluctuations and is considered to be less risky than CGCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYDB | CGCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.26% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 2.83% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.81% | 3.91% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.04% | 5.38% | +1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.76% | 5.38% | +2.38% |
HYDB vs. CGCB - Expense Ratio Comparison
HYDB has a 0.35% expense ratio, which is higher than CGCB's 0.27% expense ratio.
Dividends
HYDB vs. CGCB - Dividend Comparison
HYDB's dividend yield for the trailing twelve months is around 7.02%, more than CGCB's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CGCB Capital Group Core Bond ETF | 4.24% | 4.22% | 3.99% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYDB iShares High Yield Bond Factor ETF | 7.02% | 7.04% | 6.95% | 7.00% | 6.30% | 4.70% | 5.81% | 5.68% | 6.16% | 2.70% |
Frequently Asked Questions
HYDB and CGCB have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGCB has higher volatility (1.26%) compared to HYDB (1.09%). In terms of maximum drawdown, HYDB dropped -21.58% vs CGCB's -5.17%.
On 1-year performance, HYDB leads with 6.90% vs 4.90% for CGCB. On fees, CGCB is cheaper at 0.27% per year. On volatility, HYDB has been the lower-risk option at 1.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HYDB has performed better with a 6.90% return vs 4.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CGCB is cheaper with a 0.27% expense ratio, compared with 0.35% for HYDB.
HYDB has the higher dividend yield at 7.02%, compared with 4.24% for CGCB.
HYDB is categorized as High Yield Bonds, while CGCB is Intermediate Core Bond. They also come from different issuers: iShares and Capital Group. Their fees differ too: 0.35% for HYDB and 0.27% for CGCB.
HYDB currently has the higher Sharpe Ratio (1.82 vs 1.26), 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.
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