CGMS vs. FEQIX

Last updated Apr 1, 2026

Compare and contrast key facts about Capital Group U.S. Multi-Sector Income ETF (CGMS) and Fidelity Equity-Income Fund (FEQIX).

CGMS is an actively managed fund by Capital Group. It was launched on Oct 25, 2022. FEQIX is managed by Fidelity. It was launched on May 16, 1966.

Performance

CGMS vs. FEQIX - 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 Fidelity Equity-Income Fund (FEQIX). The values are adjusted to include any dividend payments, if applicable.

CGMS vs. FEQIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CGMS Capital Group U.S. Multi-Sector Income ETF	-0.24%	7.52%	7.24%	11.51%	2.61%
FEQIX Fidelity Equity-Income Fund	1.32%	18.96%	15.34%	10.62%	3.46%

Returns By Period

In the year-to-date period, CGMS achieves a -0.24% return, which is significantly lower than FEQIX's 1.32% return.

CGMS

• 1D: 0.78%
• 1M: -1.23%
• YTD: -0.24%
• 6M: 0.95%
• 1Y: 5.78%
• 3Y*: 7.33%
• 5Y*: —
• 10Y*: —

FEQIX

• 1D: 0.04%
• 1M: -6.45%
• YTD: 1.32%
• 6M: 5.37%
• 1Y: 16.73%
• 3Y*: 15.21%
• 5Y*: 10.74%
• 10Y*: 11.41%

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

CGMS vs. FEQIX - Expense Ratio Comparison

CGMS has a 0.39% expense ratio, which is lower than FEQIX's 0.57% expense ratio.

FEQIX

Fidelity Equity-Income Fund

CGMS

Capital Group U.S. Multi-Sector Income ETF

Return for Risk

CGMS vs. FEQIX — Risk / Return Rank

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

CGMS

CGMS Risk / Return Rank: 72
CGMS Sharpe Ratio Rank: 75
CGMS Sortino Ratio Rank: 74
CGMS Omega Ratio Rank: 74
CGMS Calmar Ratio Rank: 65
CGMS Martin Ratio Rank: 71

FEQIX

FEQIX Risk / Return Rank: 72
FEQIX Sharpe Ratio Rank: 72
FEQIX Sortino Ratio Rank: 73
FEQIX Omega Ratio Rank: 74
FEQIX Calmar Ratio Rank: 66
FEQIX Martin Ratio Rank: 76

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. FEQIX - 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 Fidelity Equity-Income Fund (FEQIX). 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	FEQIX	Difference
Sharpe ratio Return per unit of total volatility	1.31	1.25	+0.05
Sortino ratio Return per unit of downside risk	1.82	1.77	+0.05
Omega ratio Gain probability vs. loss probability	1.27	1.28	-0.01
Calmar ratio Return relative to maximum drawdown	1.58	1.49	+0.09
Martin ratio Return relative to average drawdown	6.94	7.32	-0.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGMS vs. FEQIX - Sharpe Ratio Comparison

The current CGMS Sharpe Ratio is 1.31, which is comparable to the FEQIX Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of CGMS and FEQIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CGMS	FEQIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	1.25	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.80	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.62	0.50	+1.12

Correlation

The correlation between CGMS and FEQIX is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CGMS vs. FEQIX - Dividend Comparison

CGMS's dividend yield for the trailing twelve months is around 5.95%, more than FEQIX's 4.91% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGMS Capital Group U.S. Multi-Sector Income ETF	5.95%	6.00%	5.91%	5.84%	0.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FEQIX Fidelity Equity-Income Fund	4.91%	4.67%	5.51%	4.26%	4.56%	9.90%	3.38%	7.16%	9.76%	6.29%	4.28%	12.17%

Drawdowns

CGMS vs. FEQIX - Drawdown Comparison

The maximum CGMS drawdown since its inception was -4.08%, smaller than the maximum FEQIX drawdown of -62.38%. Use the drawdown chart below to compare losses from any high point for CGMS and FEQIX.

Drawdown Indicators

	CGMS	FEQIX	Difference
Max Drawdown Largest peak-to-trough decline	-4.08%	-62.38%	+58.30%
Max Drawdown (1Y) Largest decline over 1 year	-3.65%	-11.05%	+7.40%
Max Drawdown (5Y) Largest decline over 5 years	—	-17.20%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.12%	—
Current Drawdown Current decline from peak	-1.42%	-6.45%	+5.03%
Average Drawdown Average peak-to-trough decline	-0.69%	-8.04%	+7.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	2.25%	-1.42%

Volatility

CGMS vs. FEQIX - Volatility Comparison

The current volatility for Capital Group U.S. Multi-Sector Income ETF (CGMS) is 1.93%, while Fidelity Equity-Income Fund (FEQIX) has a volatility of 3.33%. This indicates that CGMS experiences smaller price fluctuations and is considered to be less risky than FEQIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGMS	FEQIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.93%	3.33%	-1.40%
Volatility (6M) Calculated over the trailing 6-month period	2.47%	7.06%	-4.59%
Volatility (1Y) Calculated over the trailing 1-year period	4.44%	14.30%	-9.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.19%	13.47%	-8.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.19%	15.49%	-10.30%