Capital Group U.S. Multi-Sector Income ETF (CGMS) belongs to the Multisector Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CGMS. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CGMS
CGMS charges 0.39% annually. There are 6 ETFs in the Multisector Bonds category with lower expense ratios, going as low as 0.20%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Amplify Samsung SOFR ETF | 0.20% | 432.36M | Nov 2023 | CGMS vs SOFR | |
| Columbia Diversified Fixed Income Allocation ETF | 0.29% | 460.40M | Oct 2017 | CGMS vs DIAL | |
| Vanguard Multi-Sector Income Bond ETF | 0.30% | — | Jun 2025 | CGMS vs VGMS | |
| American Century Multisector Income ETF | 0.36% | 216.87M | Jun 2021 | CGMS vs MUSI | |
| Allspring Income Plus ETF | 0.36% | — | Dec 2024 | CGMS vs AINP |
Best Risk-Adjusted Alternatives to CGMS
CGMS has a PortfoliosLab risk / return rank of 63. There are 16 ETFs in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Amplify Samsung SOFR ETF | 97 | 432.36M | Nov 2023 | CGMS vs SOFR | |
| Palmer Square Credit Opportunities ETF | 96 | 101.21M | Sep 2024 | CGMS vs PSQO | |
| Obra High Grade Structured Products ETF | 95 | 29.65M | Apr 2024 | CGMS vs OGSP | |
| Angel Oak Income ETF | 94 | 1.03B | Nov 2022 | CGMS vs CARY | |
| JPMorgan Income ETF | 93 | 9.10B | Oct 2021 | CGMS vs JPIE |
Top Performing CGMS Alternatives (YTD)
CGMS is at 1.54% YTD. There are 13 ETFs in the Multisector Bonds category with higher YTD returns, going as high as 3.27%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Bluemonte Diversified Income ETF | 3.27% | 100.93M | Jun 2025 | CGMS vs BLUI | |
| VictoryShares Pioneer Asset-Based Income ETF | 2.61% | 56.54M | Jun 2025 | CGMS vs ABI | |
| Simplify Opportunistic Income ETF | 2.58% | 36.80M | Jun 2023 | CGMS vs CRDT | |
| Obra Opportunistic Structured Products ETF | 2.41% | 36.96M | Apr 2024 | CGMS vs OOSP | |
| TCW Multisector Credit Income ETF | 2.30% | 50.94M | Nov 2024 | CGMS vs MUSE |
Lowest Volatility Alternatives to CGMS
CGMS has 3.43% 1-year volatility. There are 28 ETFs in the Multisector Bonds category with lower 1-year volatility, going as low as 0.84%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Amplify Samsung SOFR ETF | 0.84% | 432.36M | Nov 2023 | CGMS vs SOFR | |
| VictoryShares Pioneer Asset-Based Income ETF | 1.28% | 56.54M | Jun 2025 | CGMS vs ABI | |
| Palmer Square Credit Opportunities ETF | 1.55% | 101.21M | Sep 2024 | CGMS vs PSQO | |
| JPMorgan Income ETF | 1.59% | 9.10B | Oct 2021 | CGMS vs JPIE | |
| Obra High Grade Structured Products ETF | 1.74% | 29.65M | Apr 2024 | CGMS vs OGSP |
Lowest Drawdown Alternatives to CGMS
CGMS has a 1-year max drawdown of -2.47%. There are 17 ETFs in the Multisector Bonds category with shallower 1-year drawdowns, going as shallow as -0.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Amplify Samsung SOFR ETF | -0.41% | 432.36M | Nov 2023 | CGMS vs SOFR | |
| Obra High Grade Structured Products ETF | -0.50% | 29.65M | Apr 2024 | CGMS vs OGSP | |
| Palmer Square Credit Opportunities ETF | -0.66% | 101.21M | Sep 2024 | CGMS vs PSQO | |
| JPMorgan Income ETF | -1.15% | 9.10B | Oct 2021 | CGMS vs JPIE | |
| PGIM Short Duration Multi-Sector Bond ETF | -1.19% | — | Jul 2023 | CGMS vs PSDM |
Other ETFs from Capital Group
The 10 most viewed Capital Group ETFs shown here include CGDV, CGGR, CGDG and span 8 categories. AUM among these funds goes as high as $35B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Capital Group Dividend Value ETF | Large Cap Value Equities, Dividend | 76 | 11.89% | 35.12B | Feb 2022 | CGMS vs CGDV | |
| Capital Group Growth ETF | Large Cap Growth Equities | 35 | 6.30% | 24.25B | Feb 2022 | CGMS vs CGGR | |
| Capital Group Dividend Growers ETF | Global Equities | 42 | 4.98% | 5.06B | Sep 2023 | CGMS vs CGDG | |
| Capital Group Core Balanced ETF | Diversified Portfolio | 55 | 7.45% | 6.65B | Sep 2023 | CGMS vs CGBL | |
| Capital Group Core Plus Income ETF | Intermediate Core-Plus Bond | 45 | 0.33% | 7.83B | Feb 2022 | CGMS vs CGCP | |
| Capital Group Core Equity ETF | Large Cap Blend Equities | 60 | 9.93% | 10.83B | Feb 2022 | CGMS vs CGUS | |
| Capital Group Global Growth Equity ETF | Global Equities | 65 | 19.37% | 11.24B | Feb 2022 | CGMS vs CGGO | |
| Capital Group International Core Equity ETF | Foreign Large Cap Equities | 58 | 12.85% | 1.84B | Jun 2024 | CGMS vs CGIC | |
| Capital Group Conservative Equity ETF | Large Cap Value Equities | 49 | 5.95% | 1.75B | Jun 2024 | CGMS vs CGCV | |
| Capital Group International Focus Equity ETF | Foreign Large Cap Equities | 62 | 19.90% | 6.15B | Feb 2022 | CGMS vs CGXU |
Often Compared With CGMS
Investors most often compare CGMS with PYLD, ICMUX, PMAQX. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare CGMS with Any Fund or Stock
Compare CGMS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CGMS with funds that move differently
Capital Group U.S. Multi-Sector Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CGMS.
Explore CGMS Diversifiers