CGCP vs SPY
CGCP vs SPY
Capital Group Core Plus Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. CGCP offers more diversification with 737 holdings.
Side-by-Side Comparison
| Metric | CGCP | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.34% | 0.09% | |
| AUM | $8.4B | $789.1B | |
| Dividend Yield | 5.12% | 1.01% | |
| Holdings | 1,462 | 505 | |
| YTD Return | -0.44% | +9.93% | |
| 1Y Return | +3.03% | +19.50% | |
| 3Y Return (annualized) | +4.94% | +19.33% | |
| 5Y Return (annualized) | - | +12.82% | |
| Volatility (annualized) | 7.0% | 15.3% | |
| Max Drawdown | -15.1% | -56.5% | |
| Fund Family | Capital Group (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Feb 22, 2022 | Jan 22, 1993 |
CGCP vs SPY Performance
Capital Group Core Plus Income ETF (CGCP) is a ETF from Capital Group (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CGCP returned +3.03% while SPY returned +19.50%. Year to date, CGCP is down 0.44% versus a gain of 9.93% for SPY.
Over three years, CGCP compounded at +4.94% per year against +19.33% for SPY. Across the full 4-year window we track, SPY has the edge at +8.74% annualized vs +1.41%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 7.0% for CGCP. 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 -15.1% for CGCP and -56.5% for SPY. 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CGCP charges 0.34% per year while SPY charges 0.09%. On a $10,000 position that is $34 vs $9 annually, a gap of $25 per year that compounds over a long holding period. On income, CGCP currently yields 5.12% against 1.01% for SPY.
Holdings Overlap
CGCP and SPY share 0 holdings out of 1240 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CGCP or SPY?
CGCP has an expense ratio of 0.34% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $25 per year of difference.
Which performed better, CGCP or SPY?
Over the past year CGCP returned +3.03% vs +19.50% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), CGCP annualized +1.41% vs +8.74% for SPY. Past performance does not guarantee future results.
Which is riskier, CGCP or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 7.0% for CGCP. Worst drawdown: CGCP -15.1% vs SPY -56.5%.
Should I hold both CGCP and SPY?
CGCP and SPY have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CGCP and SPY?
CGCP and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1240 unique securities.
Which pays a higher dividend, CGCP or SPY?
CGCP yields 5.12% while SPY yields 1.01%, so CGCP currently pays the higher dividend yield.
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