CGIB vs SPY
CGIB vs SPY
Capital Group International Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | CGIB | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.09% | |
| AUM | $296M | $789.1B | |
| Dividend Yield | 1.44% | 1.01% | |
| Holdings | 322 | 505 | |
| YTD Return | +1.07% | +11.49% | |
| 1Y Return | +2.24% | +21.37% | |
| 3Y Return (annualized) | - | +20.76% | |
| 5Y Return (annualized) | - | +12.94% | |
| Volatility (annualized) | 3.0% | 15.3% | |
| Max Drawdown | -2.7% | -56.5% | |
| Fund Family | Capital Group (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 25, 2024 | Jan 22, 1993 |
CGIB vs SPY Performance
Capital Group International Bond ETF (CGIB) 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 CGIB returned +2.24% while SPY returned +21.37%. Year to date, CGIB is up 1.07% versus a gain of 11.49% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 3.0% for CGIB. 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 -2.7% for CGIB 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 0.41. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CGIB charges 0.45% per year while SPY charges 0.09%. On a $10,000 position that is $45 vs $9 annually, a gap of $36 per year that compounds over a long holding period. On income, CGIB currently yields 1.44% against 1.01% for SPY.
Holdings Overlap
CGIB and SPY share 1 holdings out of 562 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CGIB | Weight in SPY | Difference |
|---|---|---|---|
| KR | -0.02% | 0.05% | 0.07% |
Frequently Asked Questions
Which is cheaper, CGIB or SPY?
CGIB has an expense ratio of 0.45% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, CGIB or SPY?
Over the past year CGIB returned +2.24% vs +21.37% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), CGIB annualized +3.93% vs +8.78% for SPY. Past performance does not guarantee future results.
Which is riskier, CGIB or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 3.0% for CGIB. Worst drawdown: CGIB -2.7% vs SPY -56.5%.
Should I hold both CGIB and SPY?
CGIB and SPY have a monthly-return correlation of 0.41, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CGIB and SPY?
CGIB and SPY share 1 common holdings with a 0.0% weight overlap. Combined, they hold 562 unique securities.
Which pays a higher dividend, CGIB or SPY?
CGIB yields 1.44% while SPY yields 1.01%, so CGIB currently pays the higher dividend yield.
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