CGSD vs SPY
Capital Group Short Duration Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, CGSD or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window.
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 | CGSD | SPY |
|---|---|---|
| Expense Ratio | 0.25% | 0.09%Best |
| AUM | $2.5B | $804.7B |
| Dividend Yield | 4.44% | 0.98% |
| Holdings | 2,146 | 505 |
| YTD Return | +0.94% | +12.47%Best |
| 1Y Return | +2.17% | +17.51%Best |
| 3Y Return (annualized) | +5.16% | +21.18%Best |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 2.0%Best | 13.0% |
| Max Drawdown | -1.8%Best | -18.8% |
| $10,000 over 3.9 years | $12,029 | $21,235Best |
| Fund Family | Capital Group (US) | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Blend |
| Inception | Oct 25, 2022 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Oct 27, 2022 to Sep 11, 2026 (3.9 years).
CGSD vs SPY 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 3.9 years both funds cover.
CGSD vs SPY Performance
Capital Group Short Duration Income ETF (CGSD) is an ETF from Capital Group (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year CGSD returned +2.17% while SPY returned +17.51%. Year to date, CGSD is up 0.94% versus a gain of 12.47% for SPY.
Over three years, CGSD compounded at +5.16% per year against +21.18% for SPY. Across the full 4-year window we track, SPY has the edge at +21.30% annualized vs +4.85%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 13.0% compared with 2.0% for CGSD. 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 -1.8% for CGSD and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.40. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CGSD charges 0.25% per year while SPY charges 0.09%. On a $10,000 position that is $25 vs $9 annually, a gap of $16 per year that compounds over a long holding period. On income, CGSD currently yields 4.44% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 488 holdings in CGSD and 504 in SPY, totalling 54.7% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 488 positions we hold weights for in CGSD and 504 in SPY, against full books of 2,146 and 505.
You are not choosing between two funds in isolation.
Whichever of CGSD and SPY 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, CGSD or SPY?
CGSD has an expense ratio of 0.25% while SPY charges 0.09%. SPY is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, CGSD or SPY?
Over the past year CGSD returned +2.17% vs +17.51% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), CGSD annualized +4.85% vs +21.30% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CGSD or SPY?
SPY has been the more volatile fund at 13.0% annualized versus 2.0% for CGSD. Worst drawdown: CGSD -1.8% vs SPY -18.8%.
Should I hold both CGSD and SPY?
CGSD and SPY have a monthly-return correlation of 0.40, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CGSD or SPY?
CGSD yields 4.44% while SPY yields 0.98%, so CGSD currently pays the higher dividend yield.
Is SPY better than CGSD?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.