CGIB vs. TMSF

Last updated Jun 5, 2026

CGIB (Capital Group International Bond ETF (USD-Hedged)) and TMSF (T. Rowe Price Multi-Sector Income ETF) are both exchange-traded funds - CGIB is a Global Bonds fund actively managed by Capital Group, while TMSF is a Multisector Bonds fund actively managed by T. Rowe Price. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. CGIB charges 0.45%/yr vs 0.37%/yr for TMSF.

Performance

CGIB vs. TMSF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group International Bond ETF (USD-Hedged) (CGIB) and T. Rowe Price Multi-Sector Income ETF (TMSF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGIB achieves a 0.50% return, which is significantly lower than TMSF's 1.75% return.

CGIB

• 1D: 0.12%
• 1M: 0.60%
• YTD: 0.50%
• 6M: 0.27%
• 1Y: 2.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TMSF

• 1D: 0.04%
• 1M: 0.52%
• YTD: 1.75%
• 6M: 2.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CGIB vs. TMSF - Yearly Performance Comparison

	2026 (YTD)	2025
CGIB Capital Group International Bond ETF (USD-Hedged)	0.50%	0.11%
TMSF T. Rowe Price Multi-Sector Income ETF	1.75%	1.29%

Correlation

The correlation between CGIB and TMSF is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025	0.52

Return for Risk

CGIB vs. TMSF — Risk / Return Rank

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

CGIB

CGIB Risk / Return Rank: 22
CGIB Sharpe Ratio Rank: 22
CGIB Sortino Ratio Rank: 21
CGIB Omega Ratio Rank: 21
CGIB Calmar Ratio Rank: 23
CGIB Martin Ratio Rank: 22

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.

CGIB vs. TMSF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group International Bond ETF (USD-Hedged) (CGIB) and T. Rowe Price Multi-Sector Income ETF (TMSF). 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.

	CGIB	TMSF	Difference
Sharpe ratio: Return per unit of total volatility	0.71	—	—
Sortino ratio: Return per unit of downside risk	1.06	—	—
Omega ratio: Gain probability vs. loss probability	1.13	—	—
Calmar ratio: Return relative to maximum drawdown	1.06	—	—
Martin ratio: Return relative to average drawdown	2.70	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CGIB	TMSF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	2.01	-0.93

Drawdowns

CGIB vs. TMSF - Drawdown Comparison

The maximum CGIB drawdown since its inception was -2.68%, which is greater than TMSF's maximum drawdown of -2.28%. Use the drawdown chart below to compare losses from any high point for CGIB and TMSF.

Drawdown Indicators

	CGIB	TMSF	Difference
Max Drawdown Largest peak-to-trough decline	-2.68%	-2.28%	-0.40%
Max Drawdown (1Y) Largest decline over 1 year	-2.68%	—	—
Current Drawdown Current decline from peak	-1.10%	-0.21%	-0.89%
Average Drawdown Average peak-to-trough decline	-0.70%	-0.38%	-0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	—	—

Volatility

Volatility by Period

	CGIB	TMSF	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.98%	2.93%	+1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.76%	2.93%	+0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.76%	2.93%	+0.83%

CGIB vs. TMSF - Expense Ratio Comparison

CGIB has a 0.45% expense ratio, which is higher than TMSF's 0.37% expense ratio.

Dividends

CGIB vs. TMSF - Dividend Comparison

CGIB's dividend yield for the trailing twelve months is around 4.26%, more than TMSF's 3.06% yield.

Position	TTM	2025	2024
CGIB Capital Group International Bond ETF (USD-Hedged)	4.26%	4.26%	1.65%
TMSF T. Rowe Price Multi-Sector Income ETF	3.06%	0.75%	0.00%

Frequently Asked Questions

Can I hold both CGIB and TMSF in my portfolio?

CGIB and TMSF have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CGIB or TMSF?

On fees, TMSF is cheaper at 0.37% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CGIB or TMSF?

TMSF is cheaper with a 0.37% expense ratio, compared with 0.45% for CGIB.

Which ETF pays a higher dividend yield, CGIB or TMSF?

CGIB has the higher dividend yield at 4.26%, compared with 3.06% for TMSF.

What is the main difference between CGIB and TMSF?

CGIB is categorized as Global Bonds, while TMSF is Multisector Bonds. They also come from different issuers: Capital Group and T. Rowe Price. Their fees differ too: 0.45% for CGIB and 0.37% for TMSF.