CGBL vs SCHD
Capital Group Core Balanced ETF vs Schwab US Dividend Equity ETF
Which is better, CGBL or SCHD?
Equity-oriented Balanced against Large Cap Value.
SCHD has a lower expense ratio. CGBL led over 3Y and the full window, SCHD over 1Y. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 58.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CGBL | SCHD |
|---|---|---|
| Expense Ratio | 0.33% | 0.06%Best |
| AUM | $7.7B | $108.9B |
| Dividend Yield | 1.85% | 3.00% |
| Holdings | 155 | 206 |
| YTD Return | +5.31% | +20.89%Best |
| 1Y Return | +7.95% | +23.87%Best |
| 3Y Return (annualized) | +16.82%Best | +16.42% |
| 5Y Return (annualized) | - | +9.40% |
| Volatility (annualized) | 9.2%Best | 13.6% |
| Max Drawdown | -11.7%Best | -16.1% |
| $10,000 over 3 years | $15,625Best | $15,396 |
| Top 10 Weight | 58.9% | 41.8%Best |
| Fund Family | Capital Group (US) | Charles Schwab Asset Management |
| Category | Allocation/Balanced | Equity |
| Style | Equity-oriented Balanced | Large Cap Value |
| Inception | Sep 26, 2023 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Sep 28, 2023 to Oct 2, 2026 (3 years).
CGBL vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3 years both funds cover.
CGBL vs SCHD Performance
Capital Group Core Balanced ETF (CGBL) is an ETF from Capital Group (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year CGBL returned +7.95% while SCHD returned +23.87%. Year to date, CGBL is up 5.31% versus a gain of 20.89% for SCHD.
Over three years, CGBL compounded at +16.82% per year against +16.42% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 9.2% for CGBL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -11.7% for CGBL and -16.1% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.60. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CGBL charges 0.33% per year while SCHD charges 0.06%. On a $10,000 position that is $33 vs $6 annually, a gap of $27 per year that compounds over a long holding period. On income, CGBL currently yields 1.85% against 3.00% for SCHD.
Holdings Overlap
3.9% of CGBL's money is in holdings SCHD also owns. 19.5% of SCHD's money is in holdings CGBL also owns.
SCHD and CGBL share little of their money.
7 positions in common, counted across the 77 positions we hold weights for in CGBL and 99 in SCHD, against full books of 155 and 206.
What only one of them owns
Our book lists 91 positions for SCHD that do not appear in our book for CGBL (80.4% of the fund), and 61 for CGBL that do not appear in SCHD (87.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CGBL | Weight in SCHD | Difference |
|---|---|---|---|
| COPConocophillips Common Stock USD 0.01 | 0.61% | 4.19% | 3.58% |
| AMGNAmgen Inc. | 0.55% | 4.24% | 3.69% |
| UNHUnitedhealth Group Incorporated | 0.59% | 3.82% | 3.23% |
| HDHome Depot Inc/The | 0.44% | 3.75% | 3.31% |
| CMCSAComcast Corp-class A Cmcsa | 0.68% | 2.25% | 1.57% |
| ARESAres Management Corp A | 0.60% | 0.69% | 0.09% |
| DRIDarden Restaurants Inc. | 0.44% | 0.60% | 0.16% |
You are not choosing between two funds in isolation.
Whichever of CGBL and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CGBL or SCHD?
CGBL has an expense ratio of 0.33% while SCHD charges 0.06%. SCHD is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, CGBL or SCHD?
Over the past year CGBL returned +7.95% vs +23.87% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CGBL or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 9.2% for CGBL. Worst drawdown: CGBL -11.7% vs SCHD -16.1%.
Should I hold both CGBL and SCHD?
CGBL and SCHD have a monthly-return correlation of 0.60, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CGBL and SCHD?
19.5% of SCHD's money is in holdings CGBL also owns. 19.5% of SCHD's is in holdings CGBL also owns. They hold 7 positions in common, counted across the 77 positions we hold weights for in CGBL and 99 in SCHD.
Which pays a higher dividend, CGBL or SCHD?
CGBL yields 1.85% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than CGBL?
SCHD has a lower expense ratio. CGBL led over 3Y and the full window, SCHD over 1Y. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 58.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.