CGMS vs. PMAQX
CGMS (Capital Group U.S. Multi-Sector Income ETF) and PMAQX (Principal MidCap R6) are both funds - CGMS is a Multisector Bonds fund actively managed by Capital Group, while PMAQX is a Mid Cap Growth Equities fund managed by Principal Funds. Over the past 3 years, CGMS returned 7.48%/yr vs 9.54%/yr for PMAQX. At a 0.50 correlation, their price movements are largely independent. CGMS charges 0.39%/yr vs 0.60%/yr for PMAQX.
Performance
CGMS vs. PMAQX - Performance Comparison
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Returns By Period
In the year-to-date period, CGMS achieves a 1.29% return, which is significantly higher than PMAQX's -4.15% return.
CGMS
- 1D
- -0.26%
- 1M
- -0.46%
- 6M
- 1.00%
- YTD
- 1.29%
- 1Y
- 5.14%
- 3Y*
- 7.48%
- 5Y*
- —
- 10Y*
- —
PMAQX
- 1D
- 0.32%
- 1M
- 2.26%
- 6M
- -7.18%
- YTD
- -4.15%
- 1Y
- -7.82%
- 3Y*
- 9.54%
- 5Y*
- 4.88%
- 10Y*
- —
CGMS vs. PMAQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CGMS Capital Group U.S. Multi-Sector Income ETF | 1.29% | 7.52% | 7.24% | 11.51% | 2.77% |
PMAQX Principal MidCap R6 | -4.15% | 1.71% | 23.74% | 26.02% | 3.46% |
Correlation
The correlation between CGMS and PMAQX is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2022 | 0.50 |
The correlation between CGMS and PMAQX has been stable across timeframes, ranging from 0.50 to 0.53 - a consistent structural relationship.
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Return for Risk
CGMS vs. PMAQX — Risk / Return Rank
CGMS
PMAQX
CGMS vs. PMAQX - 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 Principal MidCap R6 (PMAQX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CGMS | PMAQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.08 | ||
| Sortino ratioReturn per unit of downside risk | +2.97 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.92 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | -0.45 | +2.54 |
| Martin ratioReturn relative to average drawdown | 9.26 | -0.91 | +10.17 |
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Drawdowns
CGMS vs. PMAQX - Drawdown Comparison
The maximum CGMS drawdown since its inception was -4.08%, smaller than the maximum PMAQX drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for CGMS and PMAQX.
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Drawdown Indicators
| CGMS | PMAQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.08% | -40.56% | +36.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -19.25% | +16.78% |
Max Drawdown (3Y)Largest decline over 3 years | -4.08% | -19.25% | +15.17% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.10% | — |
Current DrawdownCurrent decline from peak | -0.69% | -10.38% | +9.69% |
Average DrawdownAverage peak-to-trough decline | -0.66% | -6.87% | +6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 9.47% | -8.91% |
Volatility
CGMS vs. PMAQX - Volatility Comparison
The current volatility for Capital Group U.S. Multi-Sector Income ETF (CGMS) is 1.06%, while Principal MidCap R6 (PMAQX) has a volatility of 4.07%. This indicates that CGMS experiences smaller price fluctuations and is considered to be less risky than PMAQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGMS | PMAQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 4.07% | -3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 11.72% | -8.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 14.72% | -11.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.10% | 18.69% | -13.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 19.44% | -14.34% |
CGMS vs. PMAQX - Expense Ratio Comparison
CGMS has a 0.39% expense ratio, which is lower than PMAQX's 0.60% expense ratio.
Dividends
CGMS vs. PMAQX - Dividend Comparison
CGMS's dividend yield for the trailing twelve months is around 6.16%, more than PMAQX's 6.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CGMS Capital Group U.S. Multi-Sector Income ETF | 6.16% | 6.00% | 5.91% | 5.84% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PMAQX Principal MidCap R6 | 6.05% | 5.80% | 6.46% | 2.58% | 3.18% | 7.96% | 1.08% | 9.14% | 12.39% | 3.39% |
Frequently Asked Questions
CGMS and PMAQX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMAQX has higher volatility (4.07%) compared to CGMS (1.06%). In terms of maximum drawdown, CGMS dropped -4.08% vs PMAQX's -40.56%.
CGMS currently has the higher Sharpe Ratio (1.49 vs -0.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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