CGMM vs. CGIC

Last updated Aug 4, 2026

CGMM (Capital Group U.S. Small and Mid Cap ETF) and CGIC (Capital Group International Core Equity ETF) are both exchange-traded funds - CGMM is a Mid Cap Blend Equities fund actively managed by Capital Group, while CGIC is a Foreign Large Cap Equities fund actively managed by Capital Group. Both are actively managed. Over the past year, CGMM returned 20.81% vs 28.04% for CGIC. Their 0.67 correlation means they have sometimes moved together and sometimes differently. CGMM charges 0.51%/yr vs 0.54%/yr for CGIC.

Performance

CGMM vs. CGIC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group U.S. Small and Mid Cap ETF (CGMM) and Capital Group International Core Equity ETF (CGIC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with CGMM having a 12.62% return and CGIC slightly lower at 12.31%.

CGMM

• 1D: 1.60%
• 1M: -0.86%
• 6M: 7.51%
• YTD: 12.62%
• 1Y: 20.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.33%

CGIC

• 1D: 0.44%
• 1M: 0.44%
• 6M: 4.95%
• YTD: 12.31%
• 1Y: 28.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.09%

*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)
CGIC Capital Group International Core Equity ETF	$27.47M	$22.42M	$22.07M
CGMM Capital Group U.S. Small and Mid Cap ETF	$22.62M	$22.77M	$28.59M

CGMM vs. CGIC - Yearly Performance Comparison

	2026 (YTD)	2025
CGMM Capital Group U.S. Small and Mid Cap ETF	12.62%	12.15%
CGIC Capital Group International Core Equity ETF	12.31%	36.42%

Correlation

The correlation between CGMM and CGIC is 0.68, 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.	0.68
Correlation (All Time) Calculated using the full available price history since Jan 16, 2025	0.67

The correlation between CGMM and CGIC has been stable across timeframes, ranging from 0.67 to 0.68 - a consistent structural relationship.

CGMM vs. CGIC - Sectors Allocation Comparison

Sectors	CGMM	CGIC
Industrials	21.7%	14.0%
Technology	18.7%	22.5%
Financial Services	16.2%	20.0%
Consumer Cyclical	12.7%	6.8%
Healthcare	11.7%	4.6%
Consumer Defensive	5.3%	7.7%
Utilities	3.0%	3.6%
Basic Materials	3.0%	7.5%
Energy	2.7%	4.8%
Real Estate	2.6%	1.7%
Communication Services	2.4%	6.9%

Return for Risk

CGMM vs. CGIC — Risk / Return Rank

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

CGMM

CGMM Risk / Return Rank: 54
CGMM Sharpe Ratio Rank: 51
CGMM Sortino Ratio Rank: 53
CGMM Omega Ratio Rank: 47
CGMM Calmar Ratio Rank: 56
CGMM Martin Ratio Rank: 62

CGIC

CGIC Risk / Return Rank: 71
CGIC Sharpe Ratio Rank: 72
CGIC Sortino Ratio Rank: 69
CGIC Omega Ratio Rank: 71
CGIC Calmar Ratio Rank: 69
CGIC Martin Ratio Rank: 72

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.

CGMM vs. CGIC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group U.S. Small and Mid Cap ETF (CGMM) and Capital Group International Core Equity ETF (CGIC). 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.

	CGMM	CGIC	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.69	-0.38
Sortino ratio: Return per unit of downside risk	1.96	2.34	-0.38
Omega ratio: Gain probability vs. loss probability	1.23	1.31	-0.08
Calmar ratio: Return relative to maximum drawdown	2.07	2.49	-0.42
Martin ratio: Return relative to average drawdown	7.78	9.18	-1.40

CGMM vs. CGIC - Sharpe Ratio Comparison

The current CGMM Sharpe Ratio is 1.31, which is comparable to the CGIC Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of CGMM and CGIC, 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

CGMM vs. CGIC - Drawdown Comparison

The maximum CGMM drawdown since its inception was -21.04%, which is greater than CGIC's maximum drawdown of -13.10%. Use the drawdown chart below to compare losses from any high point for CGMM and CGIC.

Drawdown Indicators

	CGMM	CGIC	Difference
Max Drawdown Largest peak-to-trough decline	-21.04%	-13.10%	-7.94%
Max Drawdown (1Y) Largest decline over 1 year	-10.09%	-11.30%	+1.21%
Current Drawdown Current decline from peak	-1.61%	-1.68%	+0.07%
Average Drawdown Average peak-to-trough decline	-3.07%	-2.52%	-0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	3.06%	-0.38%

Volatility

CGMM vs. CGIC - Volatility Comparison

The current volatility for Capital Group U.S. Small and Mid Cap ETF (CGMM) is 3.95%, while Capital Group International Core Equity ETF (CGIC) has a volatility of 5.19%. This indicates that CGMM experiences smaller price fluctuations and is considered to be less risky than CGIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGMM	CGIC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	5.19%	-1.24%
Volatility (6M) Calculated over the trailing 6-month period	12.03%	14.77%	-2.74%
Volatility (1Y) Calculated over the trailing 1-year period	16.01%	16.74%	-0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.77%	16.58%	+3.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	16.58%	+3.19%

CGMM vs. CGIC - Expense Ratio Comparison

CGMM has a 0.51% expense ratio, which is lower than CGIC's 0.54% expense ratio.

Dividends

CGMM vs. CGIC - Dividend Comparison

CGMM's dividend yield for the trailing twelve months is around 0.38%, less than CGIC's 1.68% yield.

Position	TTM	2025	2024
CGIC Capital Group International Core Equity ETF	1.68%	1.60%	0.68%
CGMM Capital Group U.S. Small and Mid Cap ETF	0.38%	0.40%	0.00%

Frequently Asked Questions

Can I hold both CGMM and CGIC in my portfolio?

CGMM and CGIC have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGMM or CGIC?

CGIC has higher volatility (5.19%) compared to CGMM (3.95%). In terms of maximum drawdown, CGMM dropped -21.04% vs CGIC's -13.10%.

Which ETF is better, CGMM or CGIC?

On 1-year performance, CGIC leads with 28.04% vs 20.81% for CGMM. On fees, CGMM is cheaper at 0.51% per year. On volatility, CGMM has been the lower-risk option at 3.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGMM or CGIC?

Over the 1-year period, CGIC has performed better with a 28.04% return vs 20.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGMM or CGIC?

CGMM is cheaper with a 0.51% expense ratio, compared with 0.54% for CGIC.

Which ETF pays a higher dividend yield, CGMM or CGIC?

CGIC has the higher dividend yield at 1.68%, compared with 0.38% for CGMM.

What is the main difference between CGMM and CGIC?

CGMM is categorized as Mid Cap Blend Equities, while CGIC is Foreign Large Cap Equities. Their fees differ too: 0.51% for CGMM and 0.54% for CGIC.

Which has better risk-adjusted returns?

CGIC currently has the higher Sharpe Ratio (1.69 vs 1.31), 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.