CGGG vs. CGMS

Last updated Jul 17, 2026

CGGG (Capital Group U.S. Large Growth ETF) and CGMS (Capital Group U.S. Multi-Sector Income ETF) are both exchange-traded funds - CGGG is a Large Cap Growth Equities fund actively managed by Capital Group, while CGMS is a Multisector Bonds fund actively managed by Capital Group. Both are actively managed. Over the past year, CGGG returned 4.89% vs 5.56% for CGMS. A 0.51 correlation means they provide meaningful diversification when combined. Both charge a 0.39% expense ratio.

Performance

CGGG vs. CGMS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group U.S. Large Growth ETF (CGGG) and Capital Group U.S. Multi-Sector Income ETF (CGMS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGGG achieves a -1.42% return, which is significantly lower than CGMS's 1.63% return.

CGGG

• 1D: -2.05%
• 1M: -2.10%
• 6M: -2.36%
• YTD: -1.42%
• 1Y: 4.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CGMS

• 1D: -0.04%
• 1M: -0.28%
• 6M: 1.08%
• YTD: 1.63%
• 1Y: 5.56%
• 3Y*: 7.55%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CGGG vs. CGMS - Yearly Performance Comparison

	2026 (YTD)	2025
CGGG Capital Group U.S. Large Growth ETF	-1.42%	10.90%
CGMS Capital Group U.S. Multi-Sector Income ETF	1.63%	4.02%

Correlation

The correlation between CGGG and CGMS is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.51

The correlation between CGGG and CGMS has been stable across timeframes, ranging from 0.51 to 0.51 - a consistent structural relationship.

Return for Risk

CGGG vs. CGMS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CGGG

CGGG Risk / Return Rank: 13
CGGG Sharpe Ratio Rank: 14
CGGG Sortino Ratio Rank: 13
CGGG Omega Ratio Rank: 13
CGGG Calmar Ratio Rank: 13
CGGG Martin Ratio Rank: 14

CGMS

CGMS Risk / Return Rank: 62
CGMS Sharpe Ratio Rank: 61
CGMS Sortino Ratio Rank: 65
CGMS Omega Ratio Rank: 62
CGMS Calmar Ratio Rank: 56
CGMS Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CGGG vs. CGMS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group U.S. Large Growth ETF (CGGG) and Capital Group U.S. Multi-Sector Income ETF (CGMS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CGGG	CGMS	Difference
Sharpe ratio: Return per unit of total volatility	0.26	1.61	-1.35
Sortino ratio: Return per unit of downside risk	0.49	2.40	-1.91
Omega ratio: Gain probability vs. loss probability	1.06	1.30	-0.24
Calmar ratio: Return relative to maximum drawdown	0.28	2.26	-1.98
Martin ratio: Return relative to average drawdown	0.90	9.99	-9.09

CGGG vs. CGMS - Sharpe Ratio Comparison

The current CGGG Sharpe Ratio is 0.26, which is lower than the CGMS Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of CGGG and CGMS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CGGG vs. CGMS - Drawdown Comparison

The maximum CGGG drawdown since its inception was -17.75%, which is greater than CGMS's maximum drawdown of -4.08%. Use the drawdown chart below to compare losses from any high point for CGGG and CGMS.

Drawdown Indicators

	CGGG	CGMS	Difference
Max Drawdown Largest peak-to-trough decline	-17.75%	-4.08%	-13.67%
Max Drawdown (1Y) Largest decline over 1 year	-17.75%	-2.47%	-15.28%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.08%	—
Current Drawdown Current decline from peak	-5.26%	-0.36%	-4.90%
Average Drawdown Average peak-to-trough decline	-3.86%	-0.66%	-3.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.46%	0.56%	+4.90%

Volatility

CGGG vs. CGMS - Volatility Comparison

Capital Group U.S. Large Growth ETF (CGGG) has a higher volatility of 6.08% compared to Capital Group U.S. Multi-Sector Income ETF (CGMS) at 0.89%. This indicates that CGGG's price experiences larger fluctuations and is considered to be riskier than CGMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGGG	CGMS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.08%	0.89%	+5.19%
Volatility (6M) Calculated over the trailing 6-month period	15.29%	2.83%	+12.46%
Volatility (1Y) Calculated over the trailing 1-year period	18.69%	3.46%	+15.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.40%	5.09%	+13.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.40%	5.09%	+13.31%

CGGG vs. CGMS - Expense Ratio Comparison

Both CGGG and CGMS have an expense ratio of 0.39%.

Dividends

CGGG vs. CGMS - Dividend Comparison

CGGG's dividend yield for the trailing twelve months is around 0.09%, less than CGMS's 6.14% yield.

Position	TTM	2025	2024	2023	2022
CGGG Capital Group U.S. Large Growth ETF	0.09%	0.07%	0.00%	0.00%	0.00%
CGMS Capital Group U.S. Multi-Sector Income ETF	6.14%	6.00%	5.91%	5.84%	0.97%

Frequently Asked Questions

Can I hold both CGGG and CGMS in my portfolio?

CGGG and CGMS have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGGG or CGMS?

CGGG has higher volatility (6.08%) compared to CGMS (0.89%). In terms of maximum drawdown, CGGG dropped -17.75% vs CGMS's -4.08%.

Which ETF is better, CGGG or CGMS?

On 1-year performance, CGMS leads with 5.56% vs 4.89% for CGGG. Both ETFs have the same 0.39% expense ratio. On volatility, CGMS has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGGG or CGMS?

Over the 1-year period, CGMS has performed better with a 5.56% return vs 4.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGGG or CGMS?

CGGG and CGMS have the same expense ratio: 0.39% per year.

Which ETF pays a higher dividend yield, CGGG or CGMS?

CGMS has the higher dividend yield at 6.14%, compared with 0.09% for CGGG.

What is the main difference between CGGG and CGMS?

CGGG is categorized as Large Cap Growth Equities, while CGMS is Multisector Bonds.

Which has better risk-adjusted returns?

CGMS currently has the higher Sharpe Ratio (1.61 vs 0.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.