CGMS vs. ABI

Last updated Jun 4, 2026

CGMS (Capital Group U.S. Multi-Sector Income ETF) and ABI (VictoryShares Pioneer Asset-Based Income ETF) are both Multisector Bonds funds. At a 0.34 correlation, their price movements are largely independent. CGMS charges 0.39%/yr vs 0.65%/yr for ABI.

Performance

CGMS vs. ABI - Performance Comparison

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

Returns By Period

In the year-to-date period, CGMS achieves a 1.54% return, which is significantly lower than ABI's 2.61% return.

CGMS

• 1D: -0.25%
• 1M: 0.56%
• YTD: 1.54%
• 6M: 1.68%
• 1Y: 7.10%
• 3Y*: 7.92%
• 5Y*: —
• 10Y*: —

ABI

• 1D: -0.04%
• 1M: 0.75%
• YTD: 2.61%
• 6M: 3.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CGMS vs. ABI - Yearly Performance Comparison

	2026 (YTD)	2025
CGMS Capital Group U.S. Multi-Sector Income ETF	1.54%	3.71%
ABI VictoryShares Pioneer Asset-Based Income ETF	2.61%	2.05%

Correlation

The correlation between CGMS and ABI is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025	0.34

Return for Risk

CGMS vs. ABI — Risk / Return Rank

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

CGMS

CGMS Risk / Return Rank: 63
CGMS Sharpe Ratio Rank: 60
CGMS Sortino Ratio Rank: 67
CGMS Omega Ratio Rank: 64
CGMS Calmar Ratio Rank: 57
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.

CGMS vs. ABI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group U.S. Multi-Sector Income ETF (CGMS) and VictoryShares Pioneer Asset-Based Income ETF (ABI). 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.

	CGMS	ABI	Difference
Sharpe ratio: Return per unit of total volatility	2.08	—	—
Sortino ratio: Return per unit of downside risk	3.14	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	2.88	—	—
Martin ratio: Return relative to average drawdown	12.89	—	—
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

	CGMS	ABI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.66	3.98	-2.32

Drawdowns

CGMS vs. ABI - Drawdown Comparison

The maximum CGMS drawdown since its inception was -4.08%, which is greater than ABI's maximum drawdown of -0.95%. Use the drawdown chart below to compare losses from any high point for CGMS and ABI.

Drawdown Indicators

	CGMS	ABI	Difference
Max Drawdown Largest peak-to-trough decline	-4.08%	-0.95%	-3.13%
Max Drawdown (1Y) Largest decline over 1 year	-2.47%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.08%	—	—
Current Drawdown Current decline from peak	-0.25%	-0.04%	-0.21%
Average Drawdown Average peak-to-trough decline	-0.67%	-0.19%	-0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.55%	—	—

Volatility

Volatility by Period

	CGMS	ABI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.43%	1.28%	+2.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.13%	1.28%	+3.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.13%	1.28%	+3.85%

CGMS vs. ABI - Expense Ratio Comparison

CGMS has a 0.39% expense ratio, which is lower than ABI's 0.65% expense ratio.

Dividends

CGMS vs. ABI - Dividend Comparison

CGMS's dividend yield for the trailing twelve months is around 6.09%, more than ABI's 5.18% yield.

Position	TTM	2025	2024	2023	2022
ABI VictoryShares Pioneer Asset-Based Income ETF	5.18%	3.01%	0.00%	0.00%	0.00%
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 CGMS and ABI in my portfolio?

CGMS and ABI have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CGMS or ABI?

On fees, CGMS is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CGMS or ABI?

CGMS is cheaper with a 0.39% expense ratio, compared with 0.65% for ABI.

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

CGMS has the higher dividend yield at 6.09%, compared with 5.18% for ABI.

What is the main difference between CGMS and ABI?

They also come from different issuers: Capital Group and VictoryShares. Their fees differ too: 0.39% for CGMS and 0.65% for ABI.