CGMS vs. VGMS

Last updated Apr 1, 2026

Compare and contrast key facts about Capital Group U.S. Multi-Sector Income ETF (CGMS) and Vanguard Multi-Sector Income Bond ETF (VGMS).

CGMS and VGMS 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. VGMS is an actively managed fund by Vanguard. It was launched on Jun 9, 2025.

Performance

CGMS vs. VGMS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group U.S. Multi-Sector Income ETF (CGMS) and Vanguard Multi-Sector Income Bond ETF (VGMS). The values are adjusted to include any dividend payments, if applicable.

CGMS vs. VGMS - Yearly Performance Comparison

	2026 (YTD)	2025
CGMS Capital Group U.S. Multi-Sector Income ETF	-0.24%	4.85%
VGMS Vanguard Multi-Sector Income Bond ETF	-0.28%	5.44%

Returns By Period

In the year-to-date period, CGMS achieves a -0.24% return, which is significantly higher than VGMS's -0.28% return.

CGMS

• 1D: 0.78%
• 1M: -1.23%
• YTD: -0.24%
• 6M: 0.95%
• 1Y: 5.78%
• 3Y*: 7.33%
• 5Y*: —
• 10Y*: —

VGMS

• 1D: 0.79%
• 1M: -1.38%
• YTD: -0.28%
• 6M: 1.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CGMS vs. VGMS - Expense Ratio Comparison

CGMS has a 0.39% expense ratio, which is higher than VGMS's 0.30% expense ratio.

CGMS

Capital Group U.S. Multi-Sector Income ETF

VGMS

Vanguard Multi-Sector Income Bond ETF

Return for Risk

CGMS vs. VGMS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CGMS

CGMS Risk / Return Rank: 72
CGMS Sharpe Ratio Rank: 75
CGMS Sortino Ratio Rank: 74
CGMS Omega Ratio Rank: 74
CGMS Calmar Ratio Rank: 65
CGMS Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio Return per unit of total volatility	1.31	—	—
Sortino ratio Return per unit of downside risk	1.82	—	—
Omega ratio Gain probability vs. loss probability	1.27	—	—
Calmar ratio Return relative to maximum drawdown	1.58	—	—
Martin ratio Return relative to average drawdown	6.94	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CGMS	VGMS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.62	2.08	-0.46

Correlation

The correlation between CGMS and VGMS is 0.88, 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.

Dividends

CGMS vs. VGMS - Dividend Comparison

CGMS's dividend yield for the trailing twelve months is around 5.95%, more than VGMS's 3.83% yield.

	TTM	2025	2024	2023	2022
CGMS Capital Group U.S. Multi-Sector Income ETF	5.95%	6.00%	5.91%	5.84%	0.97%
VGMS Vanguard Multi-Sector Income Bond ETF	3.83%	2.94%	0.00%	0.00%	0.00%

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.

Drawdown Indicators

	CGMS	VGMS	Difference
Max Drawdown Largest peak-to-trough decline	-4.08%	-2.46%	-1.62%
Max Drawdown (1Y) Largest decline over 1 year	-3.65%	—	—
Current Drawdown Current decline from peak	-1.42%	-1.51%	+0.09%
Average Drawdown Average peak-to-trough decline	-0.69%	-0.27%	-0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	—	—

Volatility

Volatility by Period

	CGMS	VGMS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.47%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.44%	3.12%	+1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.19%	3.12%	+2.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.19%	3.12%	+2.07%