CGGE vs TBLD
Capital Group Global Equity ETF vs Thornburg Income Builder Opportunities Trust
Which is better, CGGE or TBLD?
Each has led over a different period.
CGGE has a lower expense ratio. CGGE led over 1Y, TBLD over the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CGGE | TBLD |
|---|---|---|
| Expense Ratio | 0.47%Best | 1.65% |
| AUM | $3.3B | $727M |
| Dividend Yield | 0.37% | 5.51% |
| Holdings | 116 | 216 |
| YTD Return | +7.87%Best | +4.05% |
| 1Y Return | +12.01%Best | +4.96% |
| 3Y Return (annualized) | - | +19.71% |
| 5Y Return (annualized) | - | +7.63% |
| Volatility (annualized) | 10.9%Best | 12.5% |
| Max Drawdown | -14.4%Best | -15.0% |
| $10,000 over 2.3 years | $13,891 | $14,656Best |
| Fund Family | Capital Group (US) | Thornburg Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jun 25, 2024 | Jul 27, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jun 27, 2024 to Oct 14, 2026 (2.3 years).
CGGE vs TBLD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.3 years both funds cover.
CGGE vs TBLD Performance
Capital Group Global Equity ETF (CGGE) is an ETF from Capital Group (US) and Thornburg Income Builder Opportunities Trust (TBLD) is an ETF from Thornburg Investment Management. Over the past year CGGE returned +12.01% while TBLD returned +4.96%. Year to date, CGGE is up 7.87% versus a gain of 4.05% for TBLD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TBLD has been the more volatile fund, with annualized monthly volatility of 12.5% compared with 10.9% for CGGE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.4% for CGGE and -15.0% for TBLD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CGGE charges 0.47% per year while TBLD charges 1.65%. On a $10,000 position that is $47 vs $165 annually, a gap of $118 per year that compounds over a long holding period. On income, CGGE currently yields 0.37% against 5.51% for TBLD.
Holdings Overlap
At least 17.8% of CGGE's money is in holdings TBLD also owns.
Stated as a floor: for TBLD, our book for it covers 84.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
CGGE and TBLD share little of their money.
The two holdings books were reported 64 days apart, CGGE as of Oct 3, 2026 and TBLD as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
13 positions in common, counted across the 116 positions we hold weights for in CGGE and 117 in TBLD, against full books of 116 and 216.
Top Shared Holdings
| Stock | Weight in CGGE | Weight in TBLD | Difference |
|---|---|---|---|
| 2330:TWTaiwan Semiconductor Manufacturing Co Ltd | 4.19% | 3.53% | 0.66% |
| AVGOBroadcom Inc | 4.21% | 0.83% | 3.38% |
| MSFTMicrosoft Corp | 4.13% | 0.66% | 3.47% |
| METAMeta Platforms Inc | 1.55% | 1.12% | 0.43% |
| MRKMerck & Company Inc | 0.64% | 1.69% | 1.05% |
| TRP:CATc Energy Corp | 0.28% | 1.18% | 0.90% |
| ABBVAbbvie Inc. | 0.58% | 0.83% | 0.25% |
| MELIMercadolibre Inc | 0.27% | 1.07% | 0.80% |
| 6861:TKKeyence Corp Jpy50 | 0.56% | 0.74% | 0.18% |
| GLEN:SMGlencore Plc Common Stock Usd.01 | 0.44% | 0.46% | 0.02% |
You are not choosing between two funds in isolation.
Whichever of CGGE and TBLD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CGGE or TBLD?
CGGE has an expense ratio of 0.47% while TBLD charges 1.65%. CGGE is the cheaper option, by $118 a year on a $10,000 investment.
Which performed better, CGGE or TBLD?
Over the past year CGGE returned +12.01% vs +4.96% for TBLD, so CGGE leads on 1-year performance. Over the longest common window we track (2 years), CGGE annualized +15.36% vs +18.08% for TBLD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CGGE or TBLD?
TBLD has been the more volatile fund at 12.5% annualized versus 10.9% for CGGE. Worst drawdown: CGGE -14.4% vs TBLD -15.0%.
Should I hold both CGGE and TBLD?
CGGE and TBLD have a monthly-return correlation of 0.59, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CGGE and TBLD?
At least 17.8% of CGGE's money is in holdings TBLD also owns. Our book for TBLD is partial, so the real figure is this or higher. They hold 13 positions in common, counted across the 116 positions we hold weights for in CGGE and 117 in TBLD.
Which pays a higher dividend, CGGE or TBLD?
CGGE yields 0.37% while TBLD yields 5.51%, so TBLD currently pays the higher dividend yield.
Is TBLD better than CGGE?
CGGE has a lower expense ratio. CGGE led over 1Y, TBLD over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.