CGBL vs VOO
Capital Group Core Balanced ETF vs Vanguard S&P 500 ETF
Which is better, CGBL or VOO?
Equity-oriented Balanced against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. VOO is less concentrated, with 37.6% 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 | VOO |
|---|---|---|
| Expense Ratio | 0.33% | 0.03%Best |
| AUM | $7.7B | $1.0T |
| Dividend Yield | 1.85% | 1.04% |
| Holdings | 155 | 506 |
| YTD Return | +5.31% | +13.59%Best |
| 1Y Return | +7.95% | +16.33%Best |
| 3Y Return (annualized) | +16.82% | +23.81%Best |
| 5Y Return (annualized) | - | +14.02% |
| Volatility (annualized) | 9.2%Best | 12.3% |
| Max Drawdown | -11.7%Best | -18.7% |
| $10,000 over 3 years | $15,625 | $18,627Best |
| Top 10 Weight | 58.9% | 37.6%Best |
| Fund Family | Capital Group (US) | Vanguard (US) |
| Category | Allocation/Balanced | Equity |
| Style | Equity-oriented Balanced | Large Cap Blend |
| Inception | Sep 26, 2023 | Sep 7, 2010 |
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 VOO 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 VOO Performance
Capital Group Core Balanced ETF (CGBL) is an ETF from Capital Group (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year CGBL returned +7.95% while VOO returned +16.33%. Year to date, CGBL is up 5.31% versus a gain of 13.59% for VOO.
Over three years, CGBL compounded at +16.82% per year against +23.81% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 12.3% 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 -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CGBL charges 0.33% per year while VOO charges 0.03%. On a $10,000 position that is $33 vs $3 annually, a gap of $30 per year that compounds over a long holding period. On income, CGBL currently yields 1.85% against 1.04% for VOO.
Holdings Overlap
46.9% of CGBL's money is in holdings VOO also owns. 50.5% of VOO's money is in holdings CGBL also owns.
The two portfolios partly overlap.
57 positions in common, counted across the 77 positions we hold weights for in CGBL and 494 in VOO, against full books of 155 and 506.
What only one of them owns
Our book lists 430 positions for VOO that do not appear in our book for CGBL (48.6% of the fund), and 11 for CGBL that do not appear in VOO (44.0%).
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 VOO | Difference |
|---|---|---|---|
| AAPLApple, Inc | 2.29% | 7.05% | 4.76% |
| NVDANvidia Corp | 0.77% | 7.55% | 6.78% |
| MSFTMicrosoft Corp | 2.38% | 5.36% | 2.98% |
| AVGOBroadcom Inc | 4.39% | 2.86% | 1.53% |
| GOOGAlphabet Inc. C | 2.74% | 2.62% | 0.12% |
| AMZNAmazon.Com Inc | 0.88% | 4.13% | 3.25% |
| MUMicron Technology, Inc. | 1.90% | 1.44% | 0.46% |
| METAMeta Platforms Inc | 1.06% | 1.90% | 0.84% |
| PMPhilip Morris International Inc. | 2.19% | 0.46% | 1.73% |
| LLYEli Lilly & Co. | 0.61% | 1.41% | 0.80% |
50.5% of VOO is already inside CGBL.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CGBL or VOO?
CGBL has an expense ratio of 0.33% while VOO charges 0.03%. VOO is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, CGBL or VOO?
Over the past year CGBL returned +7.95% vs +16.33% for VOO, so VOO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CGBL or VOO?
VOO has been the more volatile fund at 12.3% annualized versus 9.2% for CGBL. Worst drawdown: CGBL -11.7% vs VOO -18.7%.
Should I hold both CGBL and VOO?
CGBL and VOO have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between CGBL and VOO?
50.5% of VOO's money is in holdings CGBL also owns. 50.5% of VOO's is in holdings CGBL also owns. They hold 57 positions in common, counted across the 77 positions we hold weights for in CGBL and 494 in VOO.
Which pays a higher dividend, CGBL or VOO?
CGBL yields 1.85% while VOO yields 1.04%, so CGBL currently pays the higher dividend yield.
Is VOO better than CGBL?
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. VOO is less concentrated, with 37.6% 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.