Data as of Oct 28, 2026.
CGBL vs GARP: Differences, Returns & Fees
Over the year to Oct 28, 2026, CGBL returned +7.1% to GARP's +18.0%; 19% of their weight is in the same names.
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Net assets on Oct 27, 2026: $7.9bn for Capital Group Core Balanced ETF and $3.6bn for iShares MSCI USA Quality GARP ETF.
Pair scorecard
GARP costs 0.18 points a year less; their one-year returns differ by 10.9 points; CGBL is 2.2 times larger.
| Measure | CGBL | GARP |
|---|---|---|
| Return | ||
| Total return, 1 year | +7.1% | +18.0% |
| Drawdown | ||
| Below its high | 3.4%, high on Aug 13, 2026 | 7.0%, high on Oct 6, 2026 |
| Benchmark | ||
| What it tracks | No index, actively managed | MSCI USA Quality GARP Select Index |
| Cost and size | ||
| Expense ratio | 0.33% | 0.15% |
| Net assets, as of Oct 27, 2026 | $7.9bn | $3.6bn |
| Holdings | ||
| Holdings in common | 19% | |
| Top ten holdings, share of the fund | 59.3% | 43.5% |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method
Risk and return
Oct 6, 2023 to Oct 23, 2026 · 159 weekly returnsGARP returned more: +119.6% to +55.6%. CGBL swung less: 10.4% to 20.3%. CGBL fell less at its worst: −10.0% to −22.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | CGBL | GARP | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +55.6% | +119.6% | GARP | Price change plus distributions, reinvested. |
| Annualized | +15.6% | +29.3% | GARP | Total return as a yearly rate. |
| Price return | +46.8% | +117.3% | GARP | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 10.4% | 20.3% | CGBL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 6.7% | 12.9% | CGBL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −10.0% | −22.9% | CGBL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 1.02 | 1.15 | GARP | Return above Treasury bills per unit of volatility. |
| Sortino | 1.58 | 1.82 | GARP | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.55 | 1.28 | CGBL | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 159 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, CGBL and GARP hold 19% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.
half
19% in common
Only in one fund ↓
Side by side
CGBL and GARP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
No client brief for this pair: the two funds' holdings are dated 119 days apart.
Over the year to Oct 28, 2026 it returned +7.1% with distributions reinvested, against +7.5% for its benchmark, the 60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index.
CGBL is actively managed and tracks no index. The prospectus expense ratio is 0.33% a year. By its holdings filed for Jun 30, 2026, 48% of the fund by weight is stocks the S&P 500 also holds, across 77 positions, with the top ten at 59.3%. It sat 3.4% below its high of Aug 13, 2026 on Oct 28, 2026.
GARP
GARP tracks the MSCI USA Quality GARP. Over the year to Oct 28, 2026 it returned +18.0% with distributions reinvested, against +13.3% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 131 positions, with the top ten at 43.5%. It sat 7.0% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, CGBL or GARP?
- In the year to Oct 28, 2026, with distributions reinvested, CGBL returned +7.1% and GARP +18.0%.
- Which is cheaper, CGBL or GARP?
- GARP is cheaper, by 0.18 percentage points a year. That is about $18 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, CGBL against GARP, data as of Oct 28, 2026. https://etfiq.com/compare/any/cgbl-vs-garp
ETFIQ. (Oct 28, 2026). CGBL against GARP. Retrieved from https://etfiq.com/compare/any/cgbl-vs-garp
[CGBL against GARP (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/cgbl-vs-garp)
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