USDX vs. CGSD

Last updated Jun 5, 2026

USDX (SGI Enhanced Core ETF) and CGSD (Capital Group Short Duration Income ETF) are both exchange-traded funds - USDX is a Intermediate Core Bond fund actively managed by Summit Global Investments, while CGSD is a Short-Term Bond fund actively managed by Capital Group. Both are actively managed. Over the past year, USDX returned 5.97% vs 4.20% for CGSD. At a 0.04 correlation, their price movements are largely independent. USDX charges 0.98%/yr vs 0.25%/yr for CGSD.

Performance

USDX vs. CGSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SGI Enhanced Core ETF (USDX) and Capital Group Short Duration Income ETF (CGSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USDX achieves a 1.79% return, which is significantly higher than CGSD's 0.80% return.

USDX

• 1D: -0.19%
• 1M: -0.06%
• YTD: 1.79%
• 6M: 2.25%
• 1Y: 5.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CGSD

• 1D: 0.10%
• 1M: 0.20%
• YTD: 0.80%
• 6M: 1.27%
• 1Y: 4.20%
• 3Y*: 5.25%
• 5Y*: —
• 10Y*: —

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

USDX vs. CGSD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
USDX SGI Enhanced Core ETF	1.79%	6.25%	6.87%
CGSD Capital Group Short Duration Income ETF	0.80%	6.11%	5.30%

Correlation

The correlation between USDX and CGSD is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (All Time) Calculated using the full available price history since Mar 1, 2024	0.04

Return for Risk

USDX vs. CGSD — Risk / Return Rank

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

USDX

USDX Risk / Return Rank: 94
USDX Sharpe Ratio Rank: 90
USDX Sortino Ratio Rank: 94
USDX Omega Ratio Rank: 96
USDX Calmar Ratio Rank: 92
USDX Martin Ratio Rank: 97

CGSD

CGSD Risk / Return Rank: 87
CGSD Sharpe Ratio Rank: 88
CGSD Sortino Ratio Rank: 93
CGSD Omega Ratio Rank: 91
CGSD Calmar Ratio Rank: 76
CGSD Martin Ratio Rank: 86

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.

USDX vs. CGSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SGI Enhanced Core ETF (USDX) and Capital Group Short Duration Income ETF (CGSD). 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.

	USDX	CGSD	Difference
Sharpe ratio: Return per unit of total volatility	3.11	2.89	+0.22
Sortino ratio: Return per unit of downside risk	4.82	4.55	+0.27
Omega ratio: Gain probability vs. loss probability	1.77	1.59	+0.17
Calmar ratio: Return relative to maximum drawdown	6.40	3.79	+2.61
Martin ratio: Return relative to average drawdown	43.95	18.03	+25.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USDX vs. CGSD - Sharpe Ratio Comparison

The current USDX Sharpe Ratio is 3.11, which is comparable to the CGSD Sharpe Ratio of 2.89. The chart below compares the historical Sharpe Ratios of USDX and CGSD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	USDX	CGSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.11	2.89	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	3.96	2.42	+1.53

Drawdowns

USDX vs. CGSD - Drawdown Comparison

The maximum USDX drawdown since its inception was -0.94%, smaller than the maximum CGSD drawdown of -1.75%. Use the drawdown chart below to compare losses from any high point for USDX and CGSD.

Drawdown Indicators

	USDX	CGSD	Difference
Max Drawdown Largest peak-to-trough decline	-0.94%	-1.75%	+0.81%
Max Drawdown (1Y) Largest decline over 1 year	-0.94%	-1.11%	+0.17%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.11%	—
Current Drawdown Current decline from peak	-0.64%	-0.04%	-0.60%
Average Drawdown Average peak-to-trough decline	-0.06%	-0.28%	+0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.14%	0.23%	-0.09%

Volatility

USDX vs. CGSD - Volatility Comparison

SGI Enhanced Core ETF (USDX) has a higher volatility of 0.98% compared to Capital Group Short Duration Income ETF (CGSD) at 0.40%. This indicates that USDX's price experiences larger fluctuations and is considered to be riskier than CGSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USDX	CGSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	0.40%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	1.73%	1.00%	+0.73%
Volatility (1Y) Calculated over the trailing 1-year period	1.93%	1.47%	+0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.68%	2.16%	-0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.68%	2.16%	-0.48%

USDX vs. CGSD - Expense Ratio Comparison

USDX has a 0.98% expense ratio, which is higher than CGSD's 0.25% expense ratio.

Dividends

USDX vs. CGSD - Dividend Comparison

USDX's dividend yield for the trailing twelve months is around 5.90%, more than CGSD's 4.46% yield.

Position	TTM	2025	2024	2023	2022
CGSD Capital Group Short Duration Income ETF	4.46%	4.48%	4.57%	4.43%	0.64%
USDX SGI Enhanced Core ETF	5.90%	5.88%	4.60%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USDX and CGSD in my portfolio?

USDX and CGSD have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USDX or CGSD?

USDX has higher volatility (0.98%) compared to CGSD (0.40%). In terms of maximum drawdown, USDX dropped -0.94% vs CGSD's -1.75%.

Which ETF is better, USDX or CGSD?

On 1-year performance, USDX leads with 5.97% vs 4.20% for CGSD. On fees, CGSD is cheaper at 0.25% per year. On volatility, CGSD has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USDX or CGSD?

Over the 1-year period, USDX has performed better with a 5.97% return vs 4.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USDX or CGSD?

CGSD is cheaper with a 0.25% expense ratio, compared with 0.98% for USDX.

Which ETF pays a higher dividend yield, USDX or CGSD?

USDX has the higher dividend yield at 5.90%, compared with 4.46% for CGSD.

What is the main difference between USDX and CGSD?

USDX is categorized as Intermediate Core Bond, while CGSD is Short-Term Bond. They also come from different issuers: Summit Global Investments and Capital Group. Their fees differ too: 0.98% for USDX and 0.25% for CGSD.

Which has better risk-adjusted returns?

USDX currently has the higher Sharpe Ratio (3.11 vs 2.89), 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.