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CGBL vs DDX

Capital Group Core Balanced ETF

CGBLCNYSE Arca

Defined Duration 10 ETF

DDXCCboe

Overlap

Expense ratio

DDX −0.08pt a year

CGBL0.33%DDX0.25%

Avg volume · 30D

CGBL 237.6×the volume

CGBL1.43MDDX6.03K

3Y return · a year

CGBL +6.8pt

CGBL+16.8%DDX+10.0%

CGBL vs DDX Performance

Oct 31, 2025 – Oct 30, 2026

+7.5%CGBL+6.6%DDX

Oct 31, 2025 to Oct 30, 2026. CGBL +7.5%. DDX +6.6%. Use the arrow keys to read each point.−2.5%0%2.5%10%12.5%Oct 2025Apr 2026Oct 2026
Expense ratio
CGBL 0.33%
DDX 0.25%, better
Fund size
CGBL $7.97B
DDX $77M
1Y total return
CGBL +7.5%, better
DDX +6.6%
Yield (12M)
CGBL 1.96%
DDX 3.14%, better
Holdings
CGBL 78
DDX 9
Avg volume (30D)
CGBL 1.43M sh, better
DDX 6.03K sh
NAV per share
CGBL $36.68
DDX $25.04
52W range

ETF.net Grade

CGBL: Cost 28, Risk 36, Mission 69, Tradability 69, Holdings 91, Durability 67. DDX: Cost 43, Risk 65, Mission not scored, Tradability 19, Holdings not scored, Durability 42.
Pillar letters and Scores for CGBL, DDX, with each pillar’s weight
PillarCGBLDDX
Cost30% weightD28C43Higher
Mission25% weightB69Not scored
Risk15% weightD36B65Higher
Tradability15% weightB69HigherF19
Holdings10% weightA91Not scored
Durability5% weightB67HigherC42

Rank among Balanced Allocation funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CGBL and DDX are both graded against the same 5 Balanced Allocation funds, so their Grades compare head to head.

Balanced Allocation⁠

Category · 5 funds
See all 5 ›

CGBL ranks 4th and DDX 5th of 5 funds in the Balanced Allocation Category.

  1. Rank 1AAORiShares Core 60/40 Balanced Allocation ETFScore 82
  2. Rank 2AAOMiShares Core 40/60 Moderate Allocation ETFScore 81
  3. Rank 3BAVMAAvantis Moderate Allocation ETFScore 57
  4. Rank 4CCGBLCapital Group Core Balanced ETFScore 53
  5. Rank 5CDDXDefined Duration 10 ETFScore 42

Our read on each fund

ETF.net Research

CGBLCCapital Group Core Balanced ETF

DDXCDefined Duration 10 ETF

In short

CGBL Capital Group's take on the 60/40: one ticket that owns both stocks and bonds, US and international, chasing balanced total return with an eye on preserving capital. Live since 2023 and already a multi-billion-dollar fund.

DDX Most balanced funds set their stock/bond mix by your risk tolerance. DDX sets it by your calendar: a 10-year target duration, with the mix swinging countercyclically between 70/30 and 30/70 stocks and bonds.

Stated mandate

CGBL The fund seeks balanced total return, including income and capital gains, while aiming to preserve capital over the long term.

DDX The Fund seeks long-term growth of capital through a globally diversified portfolio of broad-based stock and bond ETFs. Its portfolio is systematically reallocated to reduce relative stock and bond risks and investment volatility.

Why people hold it

  • CGBL One ticket, two asset classes: seeks balanced total return from income and capital gains while aiming to preserve capital over the long term, across US and international holdings.
  • Holdings stay legible for a balanced fund: a compact lineup of roughly 70 positions rather than a sprawl of thousands.
  • A multi-billion-dollar fund that trades actively, so getting in or out doesn't hinge on a thin order book.
  • Distributions land quarterly inside a plain 1940 Act fund wrapper, which means 1099 season, not partnership K-1 paperwork.
  • DDX Allocation driven by time horizon rather than a risk questionnaire: a 10-year defined duration target, rebalanced countercyclically within a 70/30 to 30/70 stock-bond band.disciplinefunds.cometfarchitect.com
  • One ticket holds broad-based stock and bond ETFs: a globally diversified equity sleeve plus a bond sleeve limited to high-quality US government debt at shorter average maturities.disciplinefunds.com
  • Live since 2021 as the original Discipline Fund ETF, managed by firm founder Cullen Roche, and now the middle rung of a 5-, 10- and 20-year Defined Duration lineup.disciplinefunds.comdisciplinefunds.com 2

Worth knowing

  • CGBL At 0.33% it runs above the typical moderate-allocation fund, and index-built rivals like AOM and AOR charge 0.20%.
  • No index to hug. The mandate is an objective (balanced total return with capital preservation), so the stock-bond mix reflects manager judgment, not a rulebook.
  • It launched in late 2023, a short history for a fund built to be held through cycles.
  • DDX 0.25% net of a waiver through November 30, 2026 (0.29% gross) sits near the category median, while index-built AOR and AOM charge 0.15% net of waivers through November 30, 2026.
  • By design the fund can spend long stretches underweight stocks, so its path can look nothing like a static 60/40 for years at a time.disciplinefunds.com
  • Small and thinly traded next to the giant allocation ETFs, which tends to mean wider bid-ask spreads at the point of trade.

Full CGBL profile⁠

Full DDX profile⁠

CGBL vs DDX Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CGBL vs DDX Cost

Overpaying CGBL vs DDX

$1,578

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CGBL 0.33%

    $6,737

  • DDX 0.25%

    $5,159

$10,000
30 years

Cost over time

  • CGBL 0.33%
  • DDX 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530CGBL $6,737DDX $5,159

Year by year

YearCGBLDDXOverpaying
10$598$455$143
20$2,318$1,769$549
30$6,737$5,159$1,578

Expense ratio

  • 0.33%CGBL
  • 0.25%DDX, cheaper
  • Middle half of Balanced Allocation funds
  • Median 0.21%

DDX 4th cheapest of 5 funds

CGBL 5th cheapest of 5 funds

CGBL vs DDX Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CGBL 1.96%
DDX 3.14%, better
Payout (12M)
CGBL $0.72
DDX $0.79
Last payment
CGBL $0.21
DDX $0.16
Ex-dividend
CGBL Sep 30, 2026
DDX Sep 28, 2026
Paid on
CGBL Oct 1, 2026
DDX Sep 30, 2026
Frequency
CGBL Quarterly
DDX Quarterly

Distribution history

Per share, 2021 to 2026, same scale for both

CGBLQuarterly · 12 paymentsAll CGBL payments⁠
One bar per payment. 12 payments from 2021 to 2026 YTD. Dec 27, 2023 $0.13; Mar 28, 2024 $0.11; Jun 28, 2024 $0.14; Sep 30, 2024 $0.15; Dec 26, 2024 $0.21; Mar 31, 2025 $0.12; Jun 30, 2025 $0.16; Sep 30, 2025 $0.19; Dec 26, 2025 $0.23; Mar 31, 2026 $0.13; Jun 30, 2026 $0.16; Sep 30, 2026 $0.21. Use the arrow keys to read each point.$0$0.2520232026YTD
DDXQuarterly · 17 paymentsAll DDX payments⁠
One bar per payment. 17 payments from 2021 to 2026 YTD. Dec 30, 2021 $0.28; Dec 27, 2022 $0.29; Mar 29, 2023 $0.05; Jun 28, 2023 $0.15; Sep 27, 2023 $0.12; Dec 20, 2023 $0.21; Mar 26, 2024 $0.10; Jun 27, 2024 $0.13; Sep 27, 2024 $0.21; Dec 30, 2024 $0.26; Mar 28, 2025 $0.00055; Jun 27, 2025 $0.25; Sep 29, 2025 $0.21; Dec 30, 2025 $0.30; Mar 30, 2026 $0.09; Jun 29, 2026 $0.23; Sep 28, 2026 $0.16. Use the arrow keys to read each point.$0$0.2520232026YTD

CGBL vs DDX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CGBL 9.2%DDX 6.5%, better
Return per unit of riskSharpe ratio, 3 years
CGBL 1.27, betterDDX 0.82
Worst fallMax drawdown, 5 years
CGBL −11.7%since Sep 2023DDX −21.3%
Market sensitivityBeta, 5 years
CGBL 0.70DDX 0.46

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