CGGR vs. CGMS

Last updated Aug 4, 2026

CGGR (Capital Group Growth ETF) and CGMS (Capital Group U.S. Multi-Sector Income ETF) are both exchange-traded funds - CGGR 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 3 years, CGGR returned 21.74%/yr vs 7.55%/yr for CGMS. Their 0.48 correlation means their historical movements had little consistent relationship. Both charge a 0.39% expense ratio.

Performance

CGGR vs. CGMS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Growth ETF (CGGR) 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, CGGR achieves a 2.98% return, which is significantly higher than CGMS's 1.37% return.

CGGR

• 1D: 2.05%
• 1M: -1.63%
• 6M: 2.82%
• YTD: 2.98%
• 1Y: 12.05%
• 3Y*: 21.74%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.59%

CGMS

• 1D: 0.26%
• 1M: -0.55%
• 6M: 0.78%
• YTD: 1.37%
• 1Y: 4.24%
• 3Y*: 7.55%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.07%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CGGR Capital Group Growth ETF	$115.74M	$118.91M	$119.03M
CGMS Capital Group U.S. Multi-Sector Income ETF	$35.92M	$28.81M	$28.68M

CGGR vs. CGMS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CGGR Capital Group Growth ETF	2.98%	19.75%	32.12%	42.18%	-2.79%
CGMS Capital Group U.S. Multi-Sector Income ETF	1.37%	7.52%	7.24%	11.51%	2.77%

Correlation

The correlation between CGGR and CGMS is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.57
Correlation (3Y) Balances recent behavior with more history.	0.45
Correlation (All Time) Calculated using the full available price history since Oct 27, 2022	0.48

The correlation between CGGR and CGMS shifts across timeframes, from 0.45 (3 years) to 0.57 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CGGR vs. CGMS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CGGR

CGGR Risk / Return Rank: 28
CGGR Sharpe Ratio Rank: 28
CGGR Sortino Ratio Rank: 27
CGGR Omega Ratio Rank: 27
CGGR Calmar Ratio Rank: 26
CGGR Martin Ratio Rank: 30

CGMS

CGMS Risk / Return Rank: 50
CGMS Sharpe Ratio Rank: 48
CGMS Sortino Ratio Rank: 49
CGMS Omega Ratio Rank: 47
CGMS Calmar Ratio Rank: 46
CGMS Martin Ratio Rank: 59

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CGGR vs. CGMS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Growth ETF (CGGR) 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.

	CGGR	CGMS	Difference
Sharpe ratio: Return per unit of total volatility	0.67	1.23	-0.56
Sortino ratio: Return per unit of downside risk	1.02	1.82	-0.80
Omega ratio: Gain probability vs. loss probability	1.13	1.22	-0.09
Calmar ratio: Return relative to maximum drawdown	0.80	1.72	-0.92
Martin ratio: Return relative to average drawdown	2.72	7.25	-4.52

CGGR vs. CGMS - Sharpe Ratio Comparison

The current CGGR Sharpe Ratio is 0.67, which is lower than the CGMS Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of CGGR 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

CGGR vs. CGMS - Drawdown Comparison

The maximum CGGR drawdown since its inception was -28.90%, which is greater than CGMS's maximum drawdown of -4.08%. Use the drawdown chart below to compare losses from any high point for CGGR and CGMS.

Drawdown Indicators

	CGGR	CGMS	Difference
Max Drawdown Largest peak-to-trough decline	-28.90%	-4.08%	-24.82%
Max Drawdown (1Y) Largest decline over 1 year	-15.13%	-2.47%	-12.66%
Max Drawdown (3Y) Largest decline over 3 years	-23.37%	-4.08%	-19.29%
Current Drawdown Current decline from peak	-4.13%	-0.62%	-3.51%
Average Drawdown Average peak-to-trough decline	-7.57%	-0.66%	-6.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.43%	0.59%	+3.84%

Volatility

CGGR vs. CGMS - Volatility Comparison

Capital Group Growth ETF (CGGR) has a higher volatility of 5.58% compared to Capital Group U.S. Multi-Sector Income ETF (CGMS) at 0.83%. This indicates that CGGR'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

	CGGR	CGMS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.58%	0.83%	+4.75%
Volatility (6M) Calculated over the trailing 6-month period	14.75%	2.86%	+11.89%
Volatility (1Y) Calculated over the trailing 1-year period	18.20%	3.48%	+14.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.94%	5.07%	+16.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.94%	5.07%	+16.87%

CGGR vs. CGMS - Expense Ratio Comparison

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

Dividends

CGGR vs. CGMS - Dividend Comparison

CGGR's dividend yield for the trailing twelve months is around 0.15%, less than CGMS's 6.09% yield.

Position	TTM	2025	2024	2023	2022
CGGR Capital Group Growth ETF	0.15%	0.10%	0.33%	0.40%	0.33%
CGMS Capital Group U.S. Multi-Sector Income ETF	6.09%	6.00%	5.91%	5.84%	0.97%

Frequently Asked Questions

Can I hold both CGGR and CGMS in my portfolio?

CGGR and CGMS have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGGR or CGMS?

CGGR has higher volatility (5.58%) compared to CGMS (0.83%). In terms of maximum drawdown, CGGR dropped -28.90% vs CGMS's -4.08%.

Which ETF is better, CGGR or CGMS?

On 3-year performance, CGGR leads with 21.74% vs 7.55% for CGMS. Both ETFs have the same 0.39% expense ratio. On volatility, CGMS has been the lower-risk option at 0.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGGR or CGMS?

Over the 3-year period, CGGR has performed better with a 21.74% return vs 7.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGGR or CGMS?

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

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

CGMS has the higher dividend yield at 6.09%, compared with 0.15% for CGGR.

What is the main difference between CGGR and CGMS?

CGGR 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 (1.23 vs 0.67), 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.