CGMS vs. GLDM
Compare and contrast key facts about Capital Group U.S. Multi-Sector Income ETF (CGMS) and SPDR Gold MiniShares Trust (GLDM).
CGMS and GLDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CGMS is an actively managed fund by Capital Group. It was launched on Oct 25, 2022. GLDM is a passively managed fund by State Street that tracks the performance of the LBMA Gold PM Price. It was launched on Jun 25, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGMS or GLDM.
Performance
CGMS vs. GLDM - Performance Comparison
Returns By Period
In the year-to-date period, CGMS achieves a 6.74% return, which is significantly lower than GLDM's 31.07% return.
CGMS
6.74%
0.41%
4.59%
11.50%
N/A
N/A
GLDM
31.07%
-0.37%
15.86%
35.82%
12.97%
N/A
Key characteristics
| CGMS | GLDM | |
|---|---|---|
| Sharpe Ratio | 2.40 | 2.43 |
| Sortino Ratio | 3.61 | 3.20 |
| Omega Ratio | 1.46 | 1.42 |
| Calmar Ratio | 5.99 | 4.43 |
| Martin Ratio | 17.74 | 14.25 |
| Ulcer Index | 0.65% | 2.51% |
| Daily Std Dev | 4.80% | 14.76% |
| Max Drawdown | -3.79% | -21.63% |
| Current Drawdown | -0.96% | -2.92% |
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CGMS vs. GLDM - Expense Ratio Comparison
CGMS has a 0.39% expense ratio, which is higher than GLDM's 0.18% expense ratio.
Correlation
The correlation between CGMS and GLDM is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
CGMS vs. GLDM - 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 SPDR Gold MiniShares Trust (GLDM). 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. GLDM - Dividend Comparison
CGMS's dividend yield for the trailing twelve months is around 5.85%, while GLDM has not paid dividends to shareholders.
| TTM | 2023 | 2022 | |
|---|---|---|---|
CGMS Capital Group U.S. Multi-Sector Income ETF | 5.85% | 5.84% | 0.97% |
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% |
Drawdowns
CGMS vs. GLDM - Drawdown Comparison
The maximum CGMS drawdown since its inception was -3.79%, smaller than the maximum GLDM drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for CGMS and GLDM. For additional features, visit the drawdowns tool.
Volatility
CGMS vs. GLDM - Volatility Comparison
The current volatility for Capital Group U.S. Multi-Sector Income ETF (CGMS) is 1.67%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 5.72%. This indicates that CGMS experiences smaller price fluctuations and is considered to be less risky than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.