IEI vs. CGCP
IEI (iShares 3-7 Year Treasury Bond ETF) and CGCP (Capital Group Core Plus Income ETF) are both exchange-traded funds - IEI is a Government Bonds fund tracking the ICE U.S. Treasury 3-7 Year Bond Index, while CGCP is a Intermediate Core-Plus Bond fund actively managed by Capital Group. IEI is passively managed, while CGCP is actively managed. Over the past 3 years, IEI returned 3.52%/yr vs 5.07%/yr for CGCP. Their correlation of 0.88 suggests significant overlap in exposure. IEI charges 0.15%/yr vs 0.34%/yr for CGCP.
Performance
IEI vs. CGCP - Performance Comparison
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Returns By Period
In the year-to-date period, IEI achieves a -0.42% return, which is significantly lower than CGCP's 0.33% return.
IEI
- 1D
- -0.13%
- 1M
- -0.17%
- YTD
- -0.42%
- 6M
- -0.49%
- 1Y
- 3.28%
- 3Y*
- 3.52%
- 5Y*
- 0.23%
- 10Y*
- 1.28%
CGCP
- 1D
- -0.31%
- 1M
- 0.27%
- YTD
- 0.33%
- 6M
- 0.37%
- 1Y
- 5.84%
- 3Y*
- 5.07%
- 5Y*
- —
- 10Y*
- —
IEI vs. CGCP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IEI iShares 3-7 Year Treasury Bond ETF | -0.42% | 6.96% | 1.81% | 4.42% | -7.20% |
CGCP Capital Group Core Plus Income ETF | 0.33% | 7.35% | 2.95% | 7.17% | -9.78% |
Correlation
The correlation between IEI and CGCP is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2022 | 0.88 |
The correlation between IEI and CGCP has been stable across timeframes, ranging from 0.88 to 0.88 - a consistent structural relationship.
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Return for Risk
IEI vs. CGCP — Risk / Return Rank
IEI
CGCP
IEI vs. CGCP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 3-7 Year Treasury Bond ETF (IEI) 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.
| IEI | CGCP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.29 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 2.27 | -0.95 |
| Martin ratioReturn relative to average drawdown | 3.96 | 7.46 | -3.50 |
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
| IEI | CGCP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 1.58 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.26 | +0.44 |
Drawdowns
IEI vs. CGCP - Drawdown Comparison
The maximum IEI drawdown since its inception was -14.60%, roughly equal to the maximum CGCP drawdown of -15.06%. Use the drawdown chart below to compare losses from any high point for IEI and CGCP.
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Drawdown Indicators
| IEI | CGCP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.60% | -15.06% | +0.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -2.59% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -3.66% | -5.37% | +1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -13.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.60% | — | — |
Current DrawdownCurrent decline from peak | -1.85% | -1.16% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -4.93% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.78% | +0.05% |
Volatility
IEI vs. CGCP - Volatility Comparison
The current volatility for iShares 3-7 Year Treasury Bond ETF (IEI) is 0.91%, while Capital Group Core Plus Income ETF (CGCP) has a volatility of 1.33%. This indicates that IEI experiences smaller price fluctuations and is considered to be less risky than CGCP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEI | CGCP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.33% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.13% | 2.73% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.04% | 3.70% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.77% | 6.36% | -1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.93% | 6.36% | -2.43% |
IEI vs. CGCP - Expense Ratio Comparison
IEI has a 0.15% expense ratio, which is lower than CGCP's 0.34% expense ratio.
Dividends
IEI vs. CGCP - Dividend Comparison
IEI's dividend yield for the trailing twelve months is around 3.64%, less than CGCP's 5.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGCP Capital Group Core Plus Income ETF | 5.16% | 5.10% | 5.17% | 4.98% | 2.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEI iShares 3-7 Year Treasury Bond ETF | 3.64% | 3.48% | 3.18% | 2.36% | 1.37% | 0.73% | 1.12% | 2.01% | 1.95% | 1.51% | 1.33% | 1.39% |
Frequently Asked Questions
IEI and CGCP have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGCP has higher volatility (1.33%) compared to IEI (0.91%). In terms of maximum drawdown, IEI dropped -14.60% vs CGCP's -15.06%.
On 3-year performance, CGCP leads with 5.07% vs 3.52% for IEI. On fees, IEI is cheaper at 0.15% per year. On volatility, IEI has been the lower-risk option at 0.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CGCP has performed better with a 5.07% return vs 3.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEI is cheaper with a 0.15% expense ratio, compared with 0.34% for CGCP.
CGCP has the higher dividend yield at 5.16%, compared with 3.64% for IEI.
IEI is categorized as Government Bonds, while CGCP is Intermediate Core-Plus Bond. They also come from different issuers: iShares and Capital Group. Their fees differ too: 0.15% for IEI and 0.34% for CGCP.
CGCP currently has the higher Sharpe Ratio (1.58 vs 1.09), 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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