CGBL vs VYM
Capital Group Core Balanced ETF vs Vanguard High Dividend Yield ETF
Which is better, CGBL or VYM?
Equity-oriented Balanced against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y and the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 59.3%.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.33% | 0.04%Best |
| AUM | $7.6B | $81.6B |
| Dividend Yield | 1.85% | 2.22% |
| Holdings | 80 | 613 |
| YTD Return | +6.71% | +13.91%Best |
| 1Y Return | +9.94% | +17.57%Best |
| 3Y Return (annualized) | +16.90% | +18.12%Best |
| 5Y Return (annualized) | - | +12.17% |
| Volatility (annualized) | 9.1%Best | 10.6% |
| Max Drawdown | -11.7%Best | -14.5% |
| $10,000 over 3 years | $15,975 | $17,065Best |
| Top 10 Weight | 59.3% | 25.9%Best |
| Fund Family | Capital Group (US) | Vanguard (US) |
| Category | Allocation/Balanced | Equity |
| Style | Equity-oriented Balanced | Large Cap Value |
| Inception | Sep 26, 2023 | Nov 10, 2006 |
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Sep 28, 2023 to Sep 11, 2026 (3 years).
CGBL vs VYM 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 VYM Performance
Capital Group Core Balanced ETF (CGBL) is an ETF from Capital Group (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year CGBL returned +9.94% while VYM returned +17.57%. Year to date, CGBL is up 6.71% versus a gain of 13.91% for VYM.
Over three years, CGBL compounded at +16.90% per year against +18.12% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 10.6% compared with 9.1% 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 -14.5% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CGBL charges 0.33% per year while VYM charges 0.04%. On a $10,000 position that is $33 vs $4 annually, a gap of $29 per year that compounds over a long holding period. On income, CGBL currently yields 1.85% against 2.22% for VYM.
Holdings Overlap
20.1% of CGBL's money is in holdings VYM also owns. 25.7% of VYM's money is in holdings CGBL also owns.
VYM and CGBL share little of their money.
25 positions in common, counted across the 77 positions we hold weights for in CGBL and 603 in VYM, against full books of 80 and 613.
What only one of them owns
Our book lists 543 positions for VYM that do not appear in our book for CGBL (71.8% of the fund), and 43 for CGBL that do not appear in VYM (71.7%).
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 VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 5.00% | 7.29% | 2.29% |
| JPMJpmorgan Chase & Co. | 0.42% | 3.38% | 2.96% |
| PMPhilip Morris International Inc. | 2.13% | 1.17% | 0.96% |
| BACBank Of America Corp. | 1.05% | 1.56% | 0.51% |
| CATCaterpillar, Inc. | 0.44% | 2.01% | 1.57% |
| UNHUnitedhealth Group Inc. | 0.63% | 1.56% | 0.93% |
| HDHome Depot Inc/The | 0.50% | 1.46% | 0.96% |
| UNPUnion Pacific Corp | 0.85% | 0.67% | 0.18% |
| WFCWells Fargo & Co. | 0.46% | 1.05% | 0.59% |
| GILDGilead Sciences Inc | 0.76% | 0.65% | 0.11% |
25.7% of VYM 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 VYM?
CGBL has an expense ratio of 0.33% while VYM charges 0.04%. VYM is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, CGBL or VYM?
Over the past year CGBL returned +9.94% vs +17.57% for VYM, so VYM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CGBL or VYM?
VYM has been the more volatile fund at 10.6% annualized versus 9.1% for CGBL. Worst drawdown: CGBL -11.7% vs VYM -14.5%.
Should I hold both CGBL and VYM?
CGBL and VYM have a monthly-return correlation of 0.82, 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 VYM?
25.7% of VYM's money is in holdings CGBL also owns. 25.7% of VYM's is in holdings CGBL also owns. They hold 25 positions in common, counted across the 77 positions we hold weights for in CGBL and 603 in VYM.
Which pays a higher dividend, CGBL or VYM?
CGBL yields 1.85% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than CGBL?
VYM has a lower expense ratio. VYM led over 1Y, 3Y and the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 59.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.