CGMS vs. FBNDX
Compare and contrast key facts about Capital Group U.S. Multi-Sector Income ETF (CGMS) and Fidelity Investment Grade Bond Fund (FBNDX).
CGMS is an actively managed fund by Capital Group. It was launched on Oct 25, 2022. FBNDX is managed by Fidelity. It was launched on Aug 6, 1971.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGMS or FBNDX.
Key characteristics
| CGMS | FBNDX | |
|---|---|---|
| YTD Return | 7.21% | 2.66% |
| 1Y Return | 14.00% | 9.01% |
| Sharpe Ratio | 2.89 | 1.43 |
| Sortino Ratio | 4.46 | 2.13 |
| Omega Ratio | 1.58 | 1.26 |
| Calmar Ratio | 7.42 | 0.54 |
| Martin Ratio | 22.98 | 4.95 |
| Ulcer Index | 0.62% | 1.69% |
| Daily Std Dev | 4.94% | 5.95% |
| Max Drawdown | -3.79% | -20.16% |
| Current Drawdown | -0.52% | -9.06% |
Correlation
The correlation between CGMS and FBNDX is 0.78, 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. FBNDX - Performance Comparison
In the year-to-date period, CGMS achieves a 7.21% return, which is significantly higher than FBNDX's 2.66% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CGMS vs. FBNDX - Expense Ratio Comparison
CGMS has a 0.39% expense ratio, which is lower than FBNDX's 0.45% expense ratio.
Risk-Adjusted Performance
CGMS vs. FBNDX - 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 Fidelity Investment Grade Bond Fund (FBNDX). 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.
Dividends
CGMS vs. FBNDX - Dividend Comparison
CGMS's dividend yield for the trailing twelve months is around 5.82%, more than FBNDX's 3.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FBNDX Fidelity Investment Grade Bond Fund | 3.90% | 3.56% | 2.67% | 1.53% | 1.88% | 2.77% | 2.84% | 2.17% | 2.50% | 2.90% | 2.59% | 2.36% |
Drawdowns
CGMS vs. FBNDX - Drawdown Comparison
The maximum CGMS drawdown since its inception was -3.79%, smaller than the maximum FBNDX drawdown of -20.16%. Use the drawdown chart below to compare losses from any high point for CGMS and FBNDX. For additional features, visit the drawdowns tool.
Volatility
CGMS vs. FBNDX - Volatility Comparison
Capital Group U.S. Multi-Sector Income ETF (CGMS) and Fidelity Investment Grade Bond Fund (FBNDX) have volatilities of 1.70% and 1.77%, 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.