CGBL vs PBUS: Holdings Overlap
CGBLCapital Group Core Balanced ETF
Capital Group · 73 holdings · $7.5B · as of 2026-03-31
Invesco · 537 holdings · $11.4B · as of 2026-05-31
Holdings snapshots are 61 days apart (CGBL: 2026-03-31, PBUS: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are CGBL and PBUS?
Capital Group Core Balanced ETF (CGBL, by Capital Group) holds 73 positions; Invesco MSCI USA ETF (PBUS, by Invesco) holds 537. They have 58 holdings in common, and by portfolio weight the two funds are 27.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 27.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 58CGBL holds 73 · PBUS holds 537
- Weight in Shared Holdings
- CGBL 50%·PBUS 48%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in CGBL
15 of 73 positions (48.4% of the fund) are not held by PBUS.
Sector Breakdown
| Sector | CGBL | PBUS |
|---|---|---|
| Information Technology | 16.3% | 38.0% |
| Financials | 9.0% | 11.1% |
| Communication Services | 4.5% | 10.7% |
| Industrials | 10.2% | 8.5% |
| Consumer Discretionary | 5.8% | 9.7% |
| Other Sectors | 16.2% | 21.6% |
| Unclassified | 36.1% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (37% of CGBL, 0% of PBUS).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| CGBL | +2.1% | +9.5% | +16.6% | — | — | — | 1.83% |
| PBUS | +3.4% | +14.0% | +23.4% | +21.4% | +12.9% | — | 0.99% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in CGBL vs PBUS →
Shared Holdings(58)
The top 10 shared positions account for 57% of the overlap, led by AVGO, MSFT and GOOG.
 AVGOBroadcom Inc. | 4.16% | 3.05% | 3.05% |
|---|---|---|---|
 MSFTMicrosoft Corp. | 2.78% | 4.81% | 2.78% |
 GOOGAlphabet Inc., Class C | 2.49% | 2.77% | 2.49% |
 AAPLApple Inc. | 1.45% | 6.94% | 1.45% |
 NVDANVIDIA Corp. | 1.33% | 7.77% | 1.33% |
 METAMeta Platforms, Inc., Class A | 1.21% | 2.09% | 1.21% |
 MUMicron Technology, Inc. | 0.84% | 1.65% | 0.84% |
 VVisa Inc., Class A | 0.84% | 0.83% | 0.83% |
 INTCIntel Corp. | 0.78% | 0.78% | 0.78% |
 AMZNAmazon.com, Inc. | 0.76% | 3.94% | 0.76% |
 LLYEli Lilly and Co. | 0.68% | 1.34% | 0.68% |
 MAMastercard Inc., Class A | 0.85% | 0.63% | 0.63% |
 CATCaterpillar Inc. | 0.61% | 0.62% | 0.61% |
 JPMJPMorgan Chase & Co. | 0.59% | 1.23% | 0.59% |
 BACBank of America Corp. | 0.74% | 0.54% | 0.54% |
 UNHUnitedHealth Group Inc. | 0.59% | 0.52% | 0.52% |
 GEGeneral Electric Co. | 0.59% | 0.52% | 0.52% |
 HDHome Depot, Inc. (The) | 0.53% | 0.48% | 0.48% |
 COSTCostco Wholesale Corp. | 0.42% | 0.64% | 0.42% |
 PMPhilip Morris International Inc. | 2.42% | 0.42% | 0.42% |
 GEVGE Vernova Inc. | 0.77% | 0.40% | 0.40% |
 IBMInternational Business Machines Corp. | 0.39% | 0.42% | 0.39% |
 KLACKLA Corp. | 0.49% | 0.38% | 0.38% |
 WFCWells Fargo & Co. | 0.57% | 0.37% | 0.37% |
 TMOThermo Fisher Scientific Inc. | 0.51% | 0.28% | 0.28% |
Frequently Asked Questions
How much do CGBL and PBUS overlap?
CGBL and PBUS overlap by 27.1% of portfolio weight. They share 58 holdings (CGBL holds 73 positions and PBUS holds 537), based on each fund's latest SEC-reported holdings.
Is it redundant to own both CGBL and PBUS?
The two portfolios are 27.1% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of CGBL and PBUS?
The largest positions held by both funds are AVGO, MSFT, GOOG, AAPL and NVDA. Together the top 10 shared positions account for 57% of the total overlap.
What does CGBL own that PBUS doesn't?
15 positions (48.4% of CGBL) are unique to CGBL, led by CGCP, CGCB and TSM. In the other direction, 479 positions (51.8% of PBUS) are unique to PBUS.