Capital Group Short Duration Municipal Income ETF (CGSM)

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The chart shows the growth of an initial investment of $10,000 in Capital Group Short Duration Municipal Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Capital Group Short Duration Municipal Income ETF (CGSM) has returned 0.49% so far this year and 4.18% over the past 12 months.

Based on dividend-adjusted daily data since Sep 28, 2023, CGSM's average daily return is +0.02%, while the average monthly return is +0.41%. At this rate, your investment would double in approximately 14.1 years.

Historically, 74% of months were positive and 26% were negative. The best month was Nov 2023 with a return of +2.5%, while the worst month was Mar 2026 at -1.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 2 months.

On a daily basis, CGSM closed higher 56% of trading days. The best single day was Nov 29, 2023 with a return of +0.5%, while the worst single day was Apr 7, 2025 at -0.6%.

Capital Group Short Duration Municipal Income ETF has an annualized alpha of 5.11%, beta of 0.00, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since September 29, 2023.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (17.15%) than losses (3.89%) — typical of diversified or defensive assets.
• Beta of 0.00 may look defensive, but with R² of 0.00 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.00 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

CGSM has an expense ratio of 0.25%, which is considered low.

CGSM ranks 94 for risk / return — in the top 94% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Capital Group Short Duration Municipal Income ETF (CGSM) and compare them to a chosen benchmark (S&P 500 Index).

Capital Group Short Duration Municipal Income ETF provided a 3.06% dividend yield over the last twelve months, with an annual payout of $0.81 per share.

The table displays the monthly dividend distributions for Capital Group Short Duration Municipal Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Capital Group Short Duration Municipal Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Capital Group Short Duration Municipal Income ETF was 1.42%, occurring on Apr 11, 2025. Recovery took 32 trading sessions.

The current Capital Group Short Duration Municipal Income ETF drawdown is 1.00%.

The chart below shows the rolling one-month volatility.