Data as of Oct 28, 2026.
CGBL vs SPYD: Differences, Returns & Fees
Over the year to Oct 28, 2026, CGBL returned +7.1% to SPYD's +15.3%; 1% 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 $7.5bn for State Street SPDR Portfolio S&P 500 High Dividend ETF.
Pair scorecard
SPYD costs 0.26 points a year less; their one-year returns differ by 8.2 points; CGBL is 1.1 times larger.
| Measure | CGBL | SPYD |
|---|---|---|
| Return | ||
| Total return, 1 year | +7.1% | +15.3% |
| Drawdown | ||
| Below its high | 3.4%, high on Aug 13, 2026 | 4.1%, high on Aug 24, 2026 |
| Benchmark | ||
| What it tracks | No index, actively managed | S&P 500 High Dividend Index |
| Cost and size | ||
| Expense ratio | 0.33% | 0.07% |
| Net assets, as of Oct 27, 2026 | $7.9bn | $7.5bn |
| Holdings | ||
| Holdings in common | 1% | |
| Top ten holdings, share of the fund | 59.3% | 16.1% |
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 returnsSPYD returned more: +63.0% to +55.6%. CGBL swung less: 10.4% to 14.0%. CGBL fell less at its worst: −10.0% to −12.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | CGBL | SPYD | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +55.6% | +63.0% | SPYD | Price change plus distributions, reinvested. |
| Annualized | +15.6% | +17.3% | SPYD | Total return as a yearly rate. |
| Price return | +46.8% | +42.4% | CGBL (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 10.4% | 14.0% | CGBL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 6.7% | 9.3% | CGBL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −10.0% | −12.7% | CGBL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 1.02 | 0.89 | CGBL | Return above Treasury bills per unit of volatility. |
| Sortino | 1.58 | 1.35 | CGBL | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.55 | 1.36 | 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 SPYD hold 1% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.
half
1% in common
Only in one fund ↓
Side by side
CGBL and SPYD 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.
SPYD
SPYD tracks the S&P 500 High Dividend. Over the year to Oct 28, 2026 it returned +15.3% with distributions reinvested. The prospectus expense ratio is 0.07% a year. By its holdings published by its issuer for Oct 27, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 79 positions, with the top ten at 16.1%. It sat 4.1% below its high of Aug 24, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, CGBL or SPYD?
- In the year to Oct 28, 2026, with distributions reinvested, CGBL returned +7.1% and SPYD +15.3%.
- Which is cheaper, CGBL or SPYD?
- SPYD is cheaper, by 0.26 percentage points a year. That is about $26 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 SPYD, data as of Oct 28, 2026. https://etfiq.com/compare/any/cgbl-vs-spyd
ETFIQ. (Oct 28, 2026). CGBL against SPYD. Retrieved from https://etfiq.com/compare/any/cgbl-vs-spyd
[CGBL against SPYD (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/cgbl-vs-spyd)
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