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CGMS vs. ABNDX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


CGMSABNDX
YTD Return7.21%1.72%
1Y Return14.00%8.34%
Sharpe Ratio2.891.40
Sortino Ratio4.462.06
Omega Ratio1.581.25
Calmar Ratio7.420.47
Martin Ratio22.984.84
Ulcer Index0.62%1.74%
Daily Std Dev4.94%6.04%
Max Drawdown-3.79%-20.29%
Current Drawdown-0.52%-11.16%

Correlation

-0.50.00.51.00.8

The correlation between CGMS and ABNDX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

CGMS vs. ABNDX - Performance Comparison

In the year-to-date period, CGMS achieves a 7.21% return, which is significantly higher than ABNDX's 1.72% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%2.00%4.00%6.00%JuneJulyAugustSeptemberOctoberNovember
5.32%
3.55%
CGMS
ABNDX

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


CGMS vs. ABNDX - Expense Ratio Comparison

CGMS has a 0.39% expense ratio, which is lower than ABNDX's 0.55% expense ratio.


ABNDX
American Funds The Bond Fund of America
Expense ratio chart for ABNDX: current value at 0.55% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.55%
Expense ratio chart for CGMS: current value at 0.39% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.39%

Risk-Adjusted Performance

CGMS vs. ABNDX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group U.S. Multi-Sector Income ETF (CGMS) and American Funds The Bond Fund of America (ABNDX). 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
Sharpe ratio
The chart of Sharpe ratio for CGMS, currently valued at 2.89, compared to the broader market-2.000.002.004.006.002.89
Sortino ratio
The chart of Sortino ratio for CGMS, currently valued at 4.46, compared to the broader market0.005.0010.004.46
Omega ratio
The chart of Omega ratio for CGMS, currently valued at 1.58, compared to the broader market1.001.502.002.503.001.58
Calmar ratio
The chart of Calmar ratio for CGMS, currently valued at 7.42, compared to the broader market0.005.0010.0015.007.42
Martin ratio
The chart of Martin ratio for CGMS, currently valued at 22.98, compared to the broader market0.0020.0040.0060.0080.00100.00120.0022.98
ABNDX
Sharpe ratio
The chart of Sharpe ratio for ABNDX, currently valued at 1.40, compared to the broader market-2.000.002.004.006.001.40
Sortino ratio
The chart of Sortino ratio for ABNDX, currently valued at 2.06, compared to the broader market0.005.0010.002.06
Omega ratio
The chart of Omega ratio for ABNDX, currently valued at 1.25, compared to the broader market1.001.502.002.503.001.25
Calmar ratio
The chart of Calmar ratio for ABNDX, currently valued at 1.54, compared to the broader market0.005.0010.0015.001.54
Martin ratio
The chart of Martin ratio for ABNDX, currently valued at 4.84, compared to the broader market0.0020.0040.0060.0080.00100.00120.004.84

CGMS vs. ABNDX - Sharpe Ratio Comparison

The current CGMS Sharpe Ratio is 2.89, which is higher than the ABNDX Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of CGMS and ABNDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00JuneJulyAugustSeptemberOctoberNovember
2.89
1.40
CGMS
ABNDX

Dividends

CGMS vs. ABNDX - Dividend Comparison

CGMS's dividend yield for the trailing twelve months is around 5.82%, more than ABNDX's 4.21% yield.


TTM20232022202120202019201820172016201520142013
CGMS
Capital Group U.S. Multi-Sector Income ETF
5.82%5.84%0.97%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ABNDX
American Funds The Bond Fund of America
4.21%3.58%2.71%1.45%1.87%2.32%2.39%1.84%1.71%2.01%2.13%2.38%

Drawdowns

CGMS vs. ABNDX - Drawdown Comparison

The maximum CGMS drawdown since its inception was -3.79%, smaller than the maximum ABNDX drawdown of -20.29%. Use the drawdown chart below to compare losses from any high point for CGMS and ABNDX. For additional features, visit the drawdowns tool.


-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.52%
-3.15%
CGMS
ABNDX

Volatility

CGMS vs. ABNDX - Volatility Comparison

Capital Group U.S. Multi-Sector Income ETF (CGMS) and American Funds The Bond Fund of America (ABNDX) have volatilities of 1.70% and 1.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


0.60%0.80%1.00%1.20%1.40%1.60%1.80%2.00%JuneJulyAugustSeptemberOctoberNovember
1.70%
1.62%
CGMS
ABNDX