CGMS vs. VGMS
CGMS (Capital Group U.S. Multi-Sector Income ETF) and VGMS (Vanguard Multi-Sector Income Bond ETF) are both Multisector Bonds funds. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. CGMS charges 0.39%/yr vs 0.30%/yr for VGMS.
Performance
CGMS vs. VGMS - Performance Comparison
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Returns By Period
In the year-to-date period, CGMS achieves a 1.54% return, which is significantly higher than VGMS's 1.06% return.
CGMS
- 1D
- -0.25%
- 1M
- 0.56%
- YTD
- 1.54%
- 6M
- 1.68%
- 1Y
- 7.10%
- 3Y*
- 7.92%
- 5Y*
- —
- 10Y*
- —
VGMS
- 1D
- -0.36%
- 1M
- 0.29%
- YTD
- 1.06%
- 6M
- 1.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CGMS vs. VGMS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CGMS Capital Group U.S. Multi-Sector Income ETF | 1.54% | 4.85% |
VGMS Vanguard Multi-Sector Income Bond ETF | 1.06% | 5.44% |
Correlation
The correlation between CGMS and VGMS is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025 | 0.90 |
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Return for Risk
CGMS vs. VGMS — Risk / Return Rank
CGMS
VGMS
CGMS vs. VGMS - 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 Vanguard Multi-Sector Income Bond ETF (VGMS). 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 | VGMS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | — | — |
| Martin ratioReturn relative to average drawdown | 12.89 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CGMS | VGMS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.66 | 2.11 | -0.45 |
Drawdowns
CGMS vs. VGMS - Drawdown Comparison
The maximum CGMS drawdown since its inception was -4.08%, which is greater than VGMS's maximum drawdown of -2.46%. Use the drawdown chart below to compare losses from any high point for CGMS and VGMS.
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Drawdown Indicators
| CGMS | VGMS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.08% | -2.46% | -1.62% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.08% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -0.39% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -0.67% | -0.31% | -0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | — | — |
Volatility
CGMS vs. VGMS - Volatility Comparison
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Volatility by Period
| CGMS | VGMS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.66% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 3.21% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.13% | 3.21% | +1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.13% | 3.21% | +1.92% |
CGMS vs. VGMS - Expense Ratio Comparison
CGMS has a 0.39% expense ratio, which is higher than VGMS's 0.30% expense ratio.
Dividends
CGMS vs. VGMS - Dividend Comparison
CGMS's dividend yield for the trailing twelve months is around 6.09%, more than VGMS's 5.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CGMS Capital Group U.S. Multi-Sector Income ETF | 6.09% | 6.00% | 5.91% | 5.84% | 0.97% |
VGMS Vanguard Multi-Sector Income Bond ETF | 5.16% | 2.94% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, CGMS and VGMS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VGMS is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGMS is cheaper with a 0.30% expense ratio, compared with 0.39% for CGMS.
CGMS has the higher dividend yield at 6.09%, compared with 5.16% for VGMS.
They also come from different issuers: Capital Group and Vanguard. Their fees differ too: 0.39% for CGMS and 0.30% for VGMS.
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