CGMS vs. PYLD
Compare and contrast key facts about Capital Group U.S. Multi-Sector Income ETF (CGMS) and PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD).
CGMS and PYLD 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. PYLD is an actively managed fund by PIMCO. It was launched on Jun 21, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGMS or PYLD.
Key characteristics
| CGMS | PYLD | |
|---|---|---|
| YTD Return | 6.66% | 6.53% |
| 1Y Return | 13.44% | 12.96% |
| Sharpe Ratio | 2.70 | 3.32 |
| Sortino Ratio | 4.15 | 5.16 |
| Omega Ratio | 1.54 | 1.71 |
| Calmar Ratio | 6.98 | 6.37 |
| Martin Ratio | 21.50 | 19.43 |
| Ulcer Index | 0.62% | 0.68% |
| Daily Std Dev | 4.96% | 3.98% |
| Max Drawdown | -3.79% | -4.52% |
| Current Drawdown | -1.03% | -1.35% |
Correlation
The correlation between CGMS and PYLD 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. PYLD - Performance Comparison
The year-to-date returns for both stocks are quite close, with CGMS having a 6.66% return and PYLD slightly lower at 6.53%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CGMS vs. PYLD - Expense Ratio Comparison
CGMS has a 0.39% expense ratio, which is lower than PYLD's 0.55% expense ratio.
Risk-Adjusted Performance
CGMS vs. PYLD - 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 PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD). 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. PYLD - Dividend Comparison
CGMS's dividend yield for the trailing twelve months is around 5.85%, more than PYLD's 5.74% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
CGMS Capital Group U.S. Multi-Sector Income ETF | 5.85% | 5.84% | 0.97% |
PYLD PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund | 5.74% | 2.72% | 0.00% |
Drawdowns
CGMS vs. PYLD - Drawdown Comparison
The maximum CGMS drawdown since its inception was -3.79%, smaller than the maximum PYLD drawdown of -4.52%. Use the drawdown chart below to compare losses from any high point for CGMS and PYLD. For additional features, visit the drawdowns tool.
Volatility
CGMS vs. PYLD - Volatility Comparison
Capital Group U.S. Multi-Sector Income ETF (CGMS) has a higher volatility of 1.77% compared to PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) at 1.23%. This indicates that CGMS's price experiences larger fluctuations and is considered to be riskier than PYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.