Which returned more over the last year, CGSD or USTB?

In the year to Oct 28, 2026, with distributions reinvested, CGSD returned +1.9% and USTB +2.7%.

Which is cheaper, CGSD or USTB?

CGSD is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

CGSD vs USTB: Differences, Returns & Fees

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On Jun 30, 2026 CGSD's duration was 2.4 years and USTB's 1.9; CGSD charges 0.25% to USTB's 0.34%.

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Net assets: $2.9bn on Oct 27, 2026 for Capital Group Short Duration Income ETF, and $2.2bn on Jun 30, 2026 for VictoryShares Short-Term Bond ETF.

CGSD on its own →USTB on its own →

At a glance

+1.9%

CGSD total return, 1 year

+2.7%

USTB total return, 1 year

0.25%

CGSD expense ratio

0.34%

USTB expense ratio

Pair scorecard

CGSD costs 0.09 points a year less; their one-year returns differ by 0.8 points.

CGSD vs USTB: Differences, Returns & Fees
Measure	CGSD	USTB
Return
Measure	CGSD	USTB
Total return, 1 year	+1.9%	+2.7%
Benchmark
Measure	CGSD	USTB
What it tracks	No index, actively managed	No index, actively managed
Cost and size
Measure	CGSD	USTB
Expense ratio	0.25%	0.34%
Net assets, CGSD as of Oct 27, 2026 and USTB as of Jun 30, 2026	$2.9bn	$2.2bn
Holdings
Measure	CGSD	USTB
Holdings in common	6%

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

Risk and return

Nov 4, 2022 to Oct 23, 2026 · 207 weekly returns

CGSD USTB

Return

Total return edge USTB +20.9% +24.9%

Annualized edge USTB +4.9% +5.7%

Price return edge USTB +1.6% +3.8%

Risk

Volatility edge USTB 1.9% 1.7%

Max drawdown edge USTB −1.4% −0.7%

Risk-adjusted

Sharpe edge USTB 0.10 0.60

Sortino edge USTB 0.15 0.96

Calmar edge USTB 3.56 7.68

Reading

USTB returned more: +24.9% to +20.9%. USTB swung less: 1.7% to 1.9%. USTB fell less at its worst: −0.7% to −1.4%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: CGSD vs USTB: Differences, Returns & Fees
Measure	CGSD	USTB	Edge	How it is measured
Return
Total return	+20.9%	+24.9%	USTB	Price change plus distributions, reinvested.
Annualized	+4.9%	+5.7%	USTB	Total return as a yearly rate.
Price return	+1.6%	+3.8%	USTB	Price change alone, distributions left out.
Risk
Volatility	1.9%	1.7%	USTB	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	1.2%	1.0%	USTB	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−1.4%	−0.7%	USTB	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.10	0.60	USTB	Return above Treasury bills per unit of volatility.
Sortino	0.15	0.96	USTB	Return above Treasury bills per unit of downside deviation.
Calmar	3.56	7.68	USTB	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 207 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, CGSD and USTB hold 6% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.

50%

0 half 100%

half

6% in common

Positions both hold · largest shared weight first CGSD USTB

Truist Bank Auto Credit-Linked Notes Series 2025-1, due Sep 26, 2033 0.21% 0.20%

Oracle Corp, due Sep 26, 2030 0.27% 0.17%

Meta Platforms Inc, due May 15, 2031 0.17% 0.18%

Teva Pharmaceutical Finance Netherlands III BV, due Oct 1, 2026 0.32% 0.16%

Morgan Stanley, due Oct 18, 2029 0.28% 0.16%

WEC Energy Group Inc, due Jan 15, 2028 0.15% 0.14%

JPMorgan Chase & Co, due Jan 22, 2032 0.13% 0.22%

SWCH Commercial Mortgage Trust 2025-DATA, due Feb 15, 2042 0.20% 0.13%

JPMorgan Chase & Co, due Apr 23, 2030 0.21% 0.13%

Lseg US Fin Corp, due Mar 23, 2029 0.17% 0.13%

Cigna Group/The, due Sep 15, 2030 0.13% 0.18%

GLS Auto Receivables Issuer Trust 2025-1, due Nov 15, 2030 0.13% 0.14%

Only in one fund ↓

Only in CGSD

Capital Group Central Cash Fund 5.53%

Freddie Mac Pool, due May 1, 2055 1.56%

Uniform Mortgage-Backed Security, TBA, due Jul 1, 2056 1.50%

Freddie Mac Pool, due Apr 1, 2055 1.36%

Boeing Co/The, due May 1, 2027 0.59%

Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 0.58%

Ford Motor Credit Co LLC, due May 17, 2027 0.57%

Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 0.51%

Only in USTB

U S TREASURY NOTE, due Nov 15, 2027 1.75%

U S TREASURY NOTE, due Aug 31, 2030 1.57%

U S TREASURY NOTE, due Dec 31, 2028 1.38%

U S TREASURY NOTE, due Jan 31, 2031 1.25%

U S TREASURY NOTE, due Aug 15, 2029 1.00%

ANTERO RESOURCES CORP 0.98%

U S TREASURY NOTE, due Aug 31, 2027 0.75%

U S TREASURY NOTE, due Dec 15, 2026 0.68%

Check overlap with more funds →

Side by side

CGSD Capital Group Short Duration Income ETF USTB VictoryShares Short-Term Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Capital Group VictoryShares

What it is Actively managed Actively managed

Total return, 1 year +1.9% +2.7%

Its benchmark over the same days −1.8% (AGGM) not measured

Gap to its benchmark +3.7 pts vs AGGM not measured

Expense ratio 0.25% 0.34%

Holdings 1060 1034

Net assets, CGSD as of Oct 27, 2026 and USTB as of Jun 30, 2026 $2.9bn $2.2bn

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

Client brief · page 1 of 2 Report BR-40D2D64148

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

Holdings in common. 6% of the weight is in the same securities (holdings dated Jun 30, 2026).
What each follows (similar). Both follow No index, actively managed.
One-year total return (similar). Over 1 year to Oct 28, 2026 CGSD returned +1.9% and USTB +2.7% with distributions reinvested, a gap of 0.8 points.

Data as of Oct 28, 2026.

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About each fund

CGSD

CGSD is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +1.9% with distributions reinvested, against −1.8% for its benchmark, the Bloomberg U.S. Government/Credit. The prospectus expense ratio is 0.25% a year.

USTB

USTB is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +2.7% with distributions reinvested. The prospectus expense ratio is 0.34% a year.

Questions people ask

Which returned more over the last year, CGSD or USTB?: In the year to Oct 28, 2026, with distributions reinvested, CGSD returned +1.9% and USTB +2.7%.
Which is cheaper, CGSD or USTB?: CGSD is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

CGSD vs SLQD CGSD vs JSCP CGSD vs IBDW BSCU vs CGSD IBDT vs USTB FSIG vs USTB EVSD vs USTB DFSD vs USTB

Where to next

CGSD on its own →USTB on its own →Hold both: look the portfolio through →Rankings →CGSD dividend history →CGSD holdings →USTB dividend history →USTB holdings →Standards and sources →

Sources and dates

CGSD filings on SEC EDGAR ↗

CGSD prospectus with the expense ratio (SEC) ↗

Capital Group page for CGSD ↗

USTB filings on SEC EDGAR ↗

USTB prospectus with the expense ratio (SEC) ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, CGSD against USTB, data as of Oct 28, 2026. https://etfiq.com/compare/any/cgsd-vs-ustb

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.