Data as of Oct 28, 2026.

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CGBL vs GARP: Differences, Returns & Fees

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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.

At a glance
+7.1%
CGBL total return, 1 year
+18.0%
GARP total return, 1 year
0.33%
CGBL expense ratio
0.15%
GARP expense ratio

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.

CGBL vs GARP: Differences, Returns & Fees
MeasureCGBLGARP
Return
Total return, 1 year+7.1%+18.0%
Drawdown
Below its high3.4%, high on Aug 13, 20267.0%, high on Oct 6, 2026
Benchmark
What it tracksNo index, actively managedMSCI USA Quality GARP Select Index
Cost and size
Expense ratio0.33%0.15%
Net assets, as of Oct 27, 2026$7.9bn$3.6bn
Holdings
Holdings in common19%
Top ten holdings, share of the fund59.3%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 returns
CGBL GARP
Return
Total return edge GARP +55.6% +119.6%
Annualized edge GARP +15.6% +29.3%
Price return edge GARP +46.8% +117.3%
Risk
Volatility edge CGBL 10.4% 20.3%
Max drawdown edge CGBL −10.0% −22.9%
Risk-adjusted
Sharpe edge GARP 1.02 1.15
Sortino edge GARP 1.58 1.82
Calmar edge CGBL 1.55 1.28
Reading

GARP 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
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Risk and return: CGBL vs GARP: Differences, Returns & Fees
MeasureCGBLGARPEdgeHow it is measured
Return
Total return+55.6%+119.6%GARPPrice change plus distributions, reinvested.
Annualized+15.6%+29.3%GARPTotal return as a yearly rate.
Price return+46.8%+117.3%GARPPrice change alone, distributions left out.
Risk
Volatility10.4%20.3%CGBLSpread of weekly returns, annualized. Lower is steadier.
Downside deviation6.7%12.9%CGBLLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−10.0%−22.9%CGBLDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe1.021.15GARPReturn above Treasury bills per unit of volatility.
Sortino1.581.82GARPReturn above Treasury bills per unit of downside deviation.
Calmar1.551.28CGBLAnnualized 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

19%

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.

0 half 100%

half

19% in common

Positions both hold · largest shared weight first CGBL GARP
Alphabet Inc 2.79% 2.24%
Micron Technology Inc 2.23% 4.61%
Apple Inc 2.01% 5.66%
Microsoft Corp 1.97% 5.67%
Broadcom Inc 4.58% 1.70%
NVIDIA Corp 1.20% 5.18%
Meta Platforms Inc 1.10% 4.72%
KLA Corp 1.08% 3.09%
Visa Inc 0.92% 5.13%
Intel Corp 0.91% 1.81%
Amazon.com Inc 0.81% 2.12%
Eli Lilly & Co 0.73% 1.78%
Only in one fund ↓
Only in CGBL
Capital Group Core Plus Income ETF 23.27%
Capital Group Core Bond ETF 15.64%
Taiwan Semiconductor Manufacturing Co Ltd 3.49%
Philip Morris International Inc 2.07%
Vertex Pharmaceuticals Inc 1.20%
Boeing Co 1.07%
Wheaton Precious Metals Corp 1.04%
Southern Co 0.97%
Only in GARP
LAM RESEARCH 3.31%
PALANTIR TECHNOLOGIES CLASS A 2.86%
ADOBE INC 2.17%
ALPHABET CLASS C 2.12%
APPLIED MATERIAL INC 2.07%
ADVANCED MICRO DEVICES 2.01%
MERCADOLIBRE 1.86%
ROYAL CARIBBEAN GROUP 1.83%
Check overlap with more funds →

Side by side

CGBL Capital Group Core Balanced ETF GARP iShares MSCI USA Quality GARP ETF
Where it sits Allocation ETF Stock ETF
What it is Actively managed Tracks the MSCI USA Quality GARP
Total return, 1 year +7.1% +18.0%
Its benchmark over the same days +7.5% (VOO and AGG) +13.3% (PBUS)
Gap to its benchmark −0.4 pts vs VOO and AGG +4.7 pts vs PBUS
Expense ratio 0.33% 0.15%
Already in the S&P 500 48.1% 94.4%
Holdings 77 131
Net assets, as of Oct 27, 2026 $7.9bn $3.6bn

CGBL and GARP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief

No client brief for this pair: the two funds' holdings are dated 119 days apart.

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About each fund
CGBL

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.
How much do CGBL and GARP overlap with the S&P 500?
By their latest filed holdings, 48% of CGBL and 94% of GARP by weight is stocks the S&P 500 already holds.
Other comparisons
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ETFIQ, CGBL against GARP, data as of Oct 28, 2026. https://etfiq.com/compare/any/cgbl-vs-garp

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