Data as of Oct 28, 2026.

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CGCP vs IUSB: Differences, Returns & Fees

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CGCP's duration was 6.1 years on Jun 30, 2026 and IUSB's 5.5 on Jul 31, 2026; IUSB charges 0.06% to CGCP's 0.34%.

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Net assets on Oct 27, 2026: $8.6bn for Capital Group Core Plus Income ETF and $49.8bn for iShares Core Universal USD Bond ETF.

At a glance
−1.4%
CGCP total return, 1 year
−1.2%
IUSB total return, 1 year
0.34%
CGCP expense ratio
0.06%
IUSB expense ratio

Pair scorecard

IUSB costs 0.28 points a year less; their one-year returns differ by 0.2 points; IUSB is 5.8 times larger.

CGCP vs IUSB: Differences, Returns & Fees
MeasureCGCPIUSB
Return
Total return, 1 year−1.4%−1.2%
Benchmark
What it tracksNo index, actively managedBloomberg U.S. Universal Index
Cost and size
Expense ratio0.34%0.06%
Net assets, as of Oct 27, 2026$8.6bn$49.8bn
Holdings
Holdings in common7%

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method

Risk and return

Mar 4, 2022 to Oct 23, 2026 · 242 weekly returns
CGCP IUSB
Return
Total return edge CGCP +4.8% +4.1%
Annualized edge CGCP +1.0% +0.9%
Price return edge IUSB −15.7% −12.2%
Risk
Volatility edge IUSB (slight) 5.9% 5.7%
Max drawdown edge IUSB (slight) −14.0% −13.5%
Risk-adjusted
Sharpe edge CGCP (slight) −0.51 −0.56
Sortino edge CGCP (slight) −0.69 −0.74
Calmar edge CGCP (slight) 0.07 0.06
Reading

CGCP returned more: +4.8% to +4.1%. IUSB swung slightly less: 5.7% to 5.9%. IUSB fell slightly less at its worst: −13.5% to −14.0%.

Full scorecard

9 measures, with how each is measured
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Risk and return: CGCP vs IUSB: Differences, Returns & Fees
MeasureCGCPIUSBEdgeHow it is measured
Return
Total return+4.8%+4.1%CGCPPrice change plus distributions, reinvested.
Annualized+1.0%+0.9%CGCPTotal return as a yearly rate.
Price return−15.7%−12.2%IUSBPrice change alone, distributions left out.
Risk
Volatility5.9%5.7%IUSB (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation4.4%4.3%IUSB (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−14.0%−13.5%IUSB (slight)Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe−0.51−0.56CGCP (slight)Return above Treasury bills per unit of volatility.
Sortino−0.69−0.74CGCP (slight)Return above Treasury bills per unit of downside deviation.
Calmar0.070.06CGCP (slight)Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 242 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

7%

By the books each fund has filed, CGCP and IUSB hold 7% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

0 half 100%

half

7% in common

Positions both hold · largest shared weight first CGCP IUSB
Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 0.37% 0.41%
U.S. Treasury Notes, due Jan 31, 2031 1.63% 0.24%
U.S. Treasury Notes, due Mar 15, 2029 1.48% 0.23%
U.S. Treasury Notes, due Jan 31, 2028 3.27% 0.23%
U.S. Treasury Notes, due May 31, 2030 0.85% 0.22%
U.S. Treasury Notes, due Aug 31, 2027 0.80% 0.21%
U.S. Treasury Notes, due May 15, 2036 0.21% 0.37%
U.S. Treasury Notes, due May 31, 2031 1.19% 0.19%
Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 0.18% 0.30%
U.S. Treasury Bonds, due Nov 15, 2052 0.36% 0.17%
U.S. Treasury Bonds, due May 15, 2055 0.72% 0.17%
U.S. Treasury Bonds, due Feb 15, 2056 0.58% 0.16%
Only in one fund ↓
Only in CGCP
Capital Group Central Cash Fund 8.34%
Uniform Mortgage-Backed Security, TBA, due Jul 1, 2056 2.01%
Uniform Mortgage-Backed Security, TBA, due Jul 1, 2056 1.27%
Freddie Mac Pool, due Nov 1, 2053 1.04%
Uniform Mortgage-Backed Security, TBA, due Jul 1, 2056 0.80%
Uniform Mortgage-Backed Security, TBA, due Jul 1, 2056 0.75%
Freddie Mac Pool, due Nov 1, 2054 0.50%
Freddie Mac Pool, due May 1, 2055 0.47%
Only in IUSB
U.S. Treasury Notes, due Dec 31, 2029 0.37%
U.S. Treasury Notes, due Feb 15, 2034 0.36%
U.S. Treasury Notes, due Feb 15, 2035 0.35%
U.S. Treasury Notes, due Aug 15, 2035 0.34%
U.S. Treasury Notes, due May 15, 2034 0.34%
U.S. Treasury Notes, due Nov 15, 2034 0.34%
U.S. Treasury Notes, due May 15, 2035 0.33%
U.S. Treasury Notes, due Feb 15, 2036 0.33%
Check overlap with more funds →

Side by side

CGCP Capital Group Core Plus Income ETF IUSB iShares Core Universal USD Bond ETF
Where it sits Bond ETF Bond ETF
What it is Actively managed Tracks an index of Universal USD Bond
Total return, 1 year −1.4% −1.2%
Its benchmark over the same days −1.4% (AGG) not measured
Gap to its benchmark 0.0 pts vs AGG not measured
Expense ratio 0.34% 0.06%
Holdings 1464 18338
Net assets, as of Oct 27, 2026 $8.6bn $49.8bn

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

Client brief · page 1 of 2 Report BR-D3DC82EF54

CGCP and IUSB are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. CGCP follows No index, actively managed and IUSB follows Bloomberg U.S. Universal Index.
  2. Holdings in common. 7% of the weight is in the same securities (holdings dated Jun 30, 2026 and Jul 31, 2026).
  3. Number of holdings. CGCP holds 1,464 positions and IUSB holds 18338.

Data as of Oct 28, 2026.

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About each fund
CGCP

CGCP is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −1.4% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Index. The prospectus expense ratio is 0.34% a year.

IUSB

IUSB tracks an index of Universal USD Bond. Over the year to Oct 28, 2026 it returned −1.2% with distributions reinvested. The prospectus expense ratio is 0.06% a year.

Questions people ask

Which returned more over the last year, CGCP or IUSB?
In the year to Oct 28, 2026, with distributions reinvested, CGCP returned −1.4% and IUSB −1.2%.
Which is cheaper, CGCP or IUSB?
IUSB is cheaper, by 0.28 percentage points a year. That is about $28 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, CGCP against IUSB, data as of Oct 28, 2026. https://etfiq.com/compare/any/cgcp-vs-iusb

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