Capital Group Municipal Income ETF (CGMU) belongs to the Municipal Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CGMU. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CGMU
CGMU charges 0.27% annually. There are 70 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab Municipal Bond ETF | 0.03% | 3.87B | Oct 2022 | CGMU vs SCMB | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 144.40M | Aug 2025 | CGMU vs TAXI | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 94.44M | Aug 2025 | CGMU vs TAXS | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 59.79M | Aug 2025 | CGMU vs TAXT | |
| Vanguard Tax-Exempt Bond ETF | 0.05% | 45.70B | Aug 2015 | CGMU vs VTEB |
Best Risk-Adjusted Alternatives to CGMU
CGMU has a PortfoliosLab risk / return rank of 75. There are 44 ETFs in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2027 Municipal Bond ETF | 97 | 9.88M | Sep 2024 | CGMU vs MYMG | |
| State Street My2026 Municipal Bond ETF | 96 | 8.74M | Sep 2024 | CGMU vs MYMF | |
| iShares Short Maturity Municipal Bond ETF | 95 | 1.38B | Mar 2015 | CGMU vs MEAR | |
| First Trust Ultra Short Duration Municipal ETF | 95 | 230.57M | Nov 2018 | CGMU vs FUMB | |
| Invesco BulletShares 2027 Municipal Bond ETF | 94 | 339.63M | Sep 2019 | CGMU vs BSMR |
Top Performing CGMU Alternatives (YTD)
CGMU is at 1.39% YTD. There are 58 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 3.96%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Overlay Shares Municipal Bond ETF | 3.96% | 30.60M | Sep 2019 | CGMU vs OVM | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 3.71% | 138.42M | Jun 2013 | CGMU vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 3.39% | 18.90M | Sep 2016 | CGMU vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 3.19% | 25.30M | Nov 2025 | CGMU vs THYM | |
| SPDR Nuveen Bloomberg Barclays High Yield Municipa... | 2.87% | 2.93B | Apr 2011 | CGMU vs HYMB |
Lowest Volatility Alternatives to CGMU
CGMU has 2.29% 1-year volatility. There are 49 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds Dec 2024 Term Muni Bond ETF | 0.00% | 349.85M | Mar 2018 | CGMU vs IBMM | |
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 27.03M | Sep 2025 | CGMU vs ZMUN | |
| iShares iBonds Dec 2025 Term Muni Bond ETF | 0.71% | 348.98M | Nov 2018 | CGMU vs IBMN | |
| Allspring Ultra Short Municipal ETF | 0.73% | 30.06M | Jul 2025 | CGMU vs AUSM | |
| State Street My2026 Municipal Bond ETF | 0.75% | 8.74M | Sep 2024 | CGMU vs MYMF |
Lowest Drawdown Alternatives to CGMU
CGMU has a 1-year max drawdown of -2.55%. There are 53 ETFs in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.22% | 230.57M | Nov 2018 | CGMU vs FUMB | |
| iShares iBonds Dec 2025 Term Muni Bond ETF | -0.25% | 348.98M | Nov 2018 | CGMU vs IBMN | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.33% | 294.75M | Sep 2019 | CGMU vs BSMQ | |
| State Street My2027 Municipal Bond ETF | -0.36% | 9.88M | Sep 2024 | CGMU vs MYMG | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 40.29M | Jul 2024 | CGMU vs GUMI |
Other ETFs from Capital Group
The 10 most viewed Capital Group ETFs shown here include CGDV, CGGR, CGDG and span 9 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 | CGMU vs CGDV | |
| Capital Group Growth ETF | Large Cap Growth Equities | 35 | 6.30% | 24.25B | Feb 2022 | CGMU vs CGGR | |
| Capital Group Dividend Growers ETF | Global Equities | 42 | 4.98% | 5.06B | Sep 2023 | CGMU vs CGDG | |
| Capital Group Core Balanced ETF | Diversified Portfolio | 55 | 7.45% | 6.65B | Sep 2023 | CGMU vs CGBL | |
| Capital Group Core Plus Income ETF | Intermediate Core-Plus Bond | 45 | 0.33% | 7.83B | Feb 2022 | CGMU vs CGCP | |
| Capital Group U.S. Multi-Sector Income ETF | Multisector Bonds | 63 | 1.54% | 4.91B | Oct 2022 | CGMU vs CGMS | |
| Capital Group Core Equity ETF | Large Cap Blend Equities | 60 | 9.93% | 10.83B | Feb 2022 | CGMU vs CGUS | |
| Capital Group Global Growth Equity ETF | Global Equities | 65 | 19.37% | 11.24B | Feb 2022 | CGMU vs CGGO | |
| Capital Group International Core Equity ETF | Foreign Large Cap Equities | 58 | 12.85% | 1.84B | Jun 2024 | CGMU vs CGIC | |
| Capital Group Conservative Equity ETF | Large Cap Value Equities | 49 | 5.95% | 1.75B | Jun 2024 | CGMU vs CGCV |
Often Compared With CGMU
Investors most often compare CGMU with MUB, FLMI, BND. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare CGMU with Any Fund or Stock
Compare CGMU with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CGMU with funds that move differently
Capital Group Municipal Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CGMU.
Explore CGMU Diversifiers