CGCB vs IVV
Capital Group Core Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. CGCB offers more diversification with 766 holdings.
Side-by-Side Comparison
| Metric | CGCB | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.27% | 0.03% | |
| AUM | $6.4B | $907.0B | |
| Dividend Yield | 4.27% | 1.10% | |
| Holdings | 766 | 508 | |
| YTD Return | -0.12% | +12.71% | |
| 1Y Return | +2.45% | +21.89% | |
| 3Y Return (annualized) | +5.23% | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 5.5% | 15.1% | |
| Max Drawdown | -5.2% | -56.5% | |
| Fund Family | Capital Group (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 26, 2023 | May 15, 2000 |
CGCB vs IVV Performance
Capital Group Core Bond ETF (CGCB) is a ETF from Capital Group (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CGCB returned +2.45% while IVV returned +21.89%. Year to date, CGCB is down 0.12% versus a gain of 12.71% for IVV.
Over three years, CGCB compounded at +5.23% per year against +22.08% for IVV. Across the full 3-year window we track, IVV has the edge at +7.00% annualized vs +5.23%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 5.5% for CGCB. 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 -5.2% for CGCB and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CGCB charges 0.27% per year while IVV charges 0.03%. On a $10,000 position that is $27 vs $3 annually, a gap of $24 per year that compounds over a long holding period. On income, CGCB currently yields 4.27% against 1.10% for IVV.
Holdings Overlap
CGCB and IVV share 1 holdings out of 847 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CGCB | Weight in IVV | Difference |
|---|---|---|---|
| TMUS | 0.46% | 0.14% | 0.32% |
Frequently Asked Questions
Which is cheaper, CGCB or IVV?
CGCB has an expense ratio of 0.27% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $24 per year of difference.
Which performed better, CGCB or IVV?
Over the past year CGCB returned +2.45% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), CGCB annualized +5.23% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, CGCB or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 5.5% for CGCB. Worst drawdown: CGCB -5.2% vs IVV -56.5%.
Should I hold both CGCB and IVV?
CGCB and IVV have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CGCB and IVV?
CGCB and IVV share 1 common holdings with a 0.1% weight overlap. Combined, they hold 847 unique securities.
Which pays a higher dividend, CGCB or IVV?
CGCB yields 4.27% while IVV yields 1.10%, so CGCB currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.