USDX vs. CGUI

Last updated Jul 12, 2026

USDX (SGI Enhanced Core ETF) and CGUI (Capital Group Ultra Short Income ETF) are both exchange-traded funds - USDX is a Intermediate Core Bond fund actively managed by Summit Global Investments, while CGUI is a Ultrashort Bond fund actively managed by Capital Group. Both are actively managed. Over the past year, USDX returned 6.23% vs 4.10% for CGUI. At a correlation of -0.06, they often move in opposite directions. USDX charges 0.98%/yr vs 0.18%/yr for CGUI.

Performance

USDX vs. CGUI - Performance Comparison

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

Returns By Period

In the year-to-date period, USDX achieves a 2.44% return, which is significantly higher than CGUI's 1.84% return.

USDX

• 1D: -0.20%
• 1M: 0.18%
• 6M: 2.36%
• YTD: 2.44%
• 1Y: 6.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CGUI

• 1D: -0.04%
• 1M: 0.21%
• 6M: 1.70%
• YTD: 1.84%
• 1Y: 4.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USDX vs. CGUI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
USDX SGI Enhanced Core ETF	2.44%	6.25%	4.61%
CGUI Capital Group Ultra Short Income ETF	1.84%	4.99%	3.05%

Correlation

The correlation between USDX and CGUI is -0.10, 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 (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024	-0.06

Return for Risk

USDX vs. CGUI — Risk / Return Rank

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

USDX

USDX Risk / Return Rank: 96
USDX Sharpe Ratio Rank: 95
USDX Sortino Ratio Rank: 96
USDX Omega Ratio Rank: 96
USDX Calmar Ratio Rank: 95
USDX Martin Ratio Rank: 98

CGUI

CGUI Risk / Return Rank: 99
CGUI Sharpe Ratio Rank: 99
CGUI Sortino Ratio Rank: 99
CGUI Omega Ratio Rank: 99
CGUI Calmar Ratio Rank: 99
CGUI Martin Ratio Rank: 99

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. CGUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SGI Enhanced Core ETF (USDX) 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.

	USDX	CGUI	Difference
Sharpe ratio: Return per unit of total volatility	2.94	5.57	-2.63
Sortino ratio: Return per unit of downside risk	4.61	9.93	-5.32
Omega ratio: Gain probability vs. loss probability	1.71	2.49	-0.78
Calmar ratio: Return relative to maximum drawdown	6.49	22.98	-16.48
Martin ratio: Return relative to average drawdown	41.41	100.18	-58.77

USDX vs. CGUI - Sharpe Ratio Comparison

The current USDX Sharpe Ratio is 2.94, which is lower than the CGUI Sharpe Ratio of 5.57. The chart below compares the historical Sharpe Ratios of USDX and CGUI, 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

USDX vs. CGUI - Drawdown Comparison

The maximum USDX drawdown since its inception was -0.94%, which is greater than CGUI's maximum drawdown of -0.18%. Use the drawdown chart below to compare losses from any high point for USDX and CGUI.

Drawdown Indicators

	USDX	CGUI	Difference
Max Drawdown Largest peak-to-trough decline	-0.94%	-0.18%	-0.76%
Max Drawdown (1Y) Largest decline over 1 year	-0.94%	-0.18%	-0.76%
Current Drawdown Current decline from peak	-0.20%	-0.04%	-0.16%
Average Drawdown Average peak-to-trough decline	-0.06%	-0.02%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.15%	0.04%	+0.11%

Volatility

USDX vs. CGUI - Volatility Comparison

SGI Enhanced Core ETF (USDX) has a higher volatility of 0.79% compared to Capital Group Ultra Short Income ETF (CGUI) at 0.22%. This indicates that USDX's price experiences larger fluctuations and is considered to be riskier than CGUI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USDX	CGUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.79%	0.22%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	1.95%	0.58%	+1.37%
Volatility (1Y) Calculated over the trailing 1-year period	2.09%	0.73%	+1.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.75%	0.80%	+0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.75%	0.80%	+0.95%

USDX vs. CGUI - Expense Ratio Comparison

USDX has a 0.98% expense ratio, which is higher than CGUI's 0.18% expense ratio.

Dividends

USDX vs. CGUI - Dividend Comparison

USDX's dividend yield for the trailing twelve months is around 6.88%, more than CGUI's 3.82% yield.

Position	TTM	2025	2024
CGUI Capital Group Ultra Short Income ETF	3.82%	4.17%	2.62%
USDX SGI Enhanced Core ETF	6.88%	5.88%	4.60%

Frequently Asked Questions

Can I hold both USDX and CGUI in my portfolio?

USDX and CGUI have a correlation of -0.10, 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 CGUI?

USDX has higher volatility (0.79%) compared to CGUI (0.22%). In terms of maximum drawdown, USDX dropped -0.94% vs CGUI's -0.18%.

Which ETF is better, USDX or CGUI?

On 1-year performance, USDX leads with 6.23% vs 4.10% for CGUI. On fees, CGUI is cheaper at 0.18% per year. On volatility, CGUI has been the lower-risk option at 0.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USDX or CGUI?

Over the 1-year period, USDX has performed better with a 6.23% return vs 4.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USDX or CGUI?

CGUI is cheaper with a 0.18% expense ratio, compared with 0.98% for USDX.

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

USDX has the higher dividend yield at 6.88%, compared with 3.82% for CGUI.

What is the main difference between USDX and CGUI?

USDX is categorized as Intermediate Core Bond, while CGUI is Ultrashort Bond. They also come from different issuers: Summit Global Investments and Capital Group. Their fees differ too: 0.98% for USDX and 0.18% for CGUI.

Which has better risk-adjusted returns?

CGUI currently has the higher Sharpe Ratio (5.57 vs 2.94), 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.