CGMS vs. JCPB
Compare and contrast key facts about Capital Group U.S. Multi-Sector Income ETF (CGMS) and JPMorgan Core Plus Bond ETF (JCPB).
CGMS and JCPB 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. JCPB is an actively managed fund by JPMorgan Chase. It was launched on Jan 28, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGMS or JCPB.
Key characteristics
| CGMS | JCPB | |
|---|---|---|
| YTD Return | 6.66% | 3.03% |
| 1Y Return | 13.44% | 10.12% |
| Sharpe Ratio | 2.70 | 1.70 |
| Sortino Ratio | 4.15 | 2.54 |
| Omega Ratio | 1.54 | 1.30 |
| Calmar Ratio | 6.98 | 0.73 |
| Martin Ratio | 21.50 | 6.74 |
| Ulcer Index | 0.62% | 1.44% |
| Daily Std Dev | 4.96% | 5.74% |
| Max Drawdown | -3.79% | -16.67% |
| Current Drawdown | -1.03% | -4.54% |
Correlation
The correlation between CGMS and JCPB is 0.80, 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. JCPB - Performance Comparison
In the year-to-date period, CGMS achieves a 6.66% return, which is significantly higher than JCPB's 3.03% 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. JCPB - Expense Ratio Comparison
CGMS has a 0.39% expense ratio, which is lower than JCPB's 0.40% expense ratio.
Risk-Adjusted Performance
CGMS vs. JCPB - 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 JPMorgan Core Plus Bond ETF (JCPB). 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. JCPB - Dividend Comparison
CGMS's dividend yield for the trailing twelve months is around 5.85%, more than JCPB's 5.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
CGMS Capital Group U.S. Multi-Sector Income ETF | 5.85% | 5.84% | 0.97% | 0.00% | 0.00% | 0.00% |
JCPB JPMorgan Core Plus Bond ETF | 5.05% | 4.32% | 3.00% | 2.19% | 2.97% | 3.23% |
Drawdowns
CGMS vs. JCPB - Drawdown Comparison
The maximum CGMS drawdown since its inception was -3.79%, smaller than the maximum JCPB drawdown of -16.67%. Use the drawdown chart below to compare losses from any high point for CGMS and JCPB. For additional features, visit the drawdowns tool.
Volatility
CGMS vs. JCPB - Volatility Comparison
Capital Group U.S. Multi-Sector Income ETF (CGMS) has a higher volatility of 1.77% compared to JPMorgan Core Plus Bond ETF (JCPB) at 1.65%. This indicates that CGMS's price experiences larger fluctuations and is considered to be riskier than JCPB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.