CGMU vs. BND
Compare and contrast key facts about Capital Group Municipal Income ETF (CGMU) and Vanguard Total Bond Market ETF (BND).
CGMU and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CGMU is an actively managed fund by Capital Group. It was launched on Oct 25, 2022. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGMU or BND.
Performance
CGMU vs. BND - Performance Comparison
Returns By Period
In the year-to-date period, CGMU achieves a 2.91% return, which is significantly higher than BND's 1.55% return.
CGMU
2.91%
-0.42%
2.54%
6.84%
N/A
N/A
BND
1.55%
-1.53%
2.79%
6.33%
-0.32%
1.40%
Key characteristics
| CGMU | BND | |
|---|---|---|
| Sharpe Ratio | 2.10 | 1.25 |
| Sortino Ratio | 3.07 | 1.83 |
| Omega Ratio | 1.44 | 1.22 |
| Calmar Ratio | 2.96 | 0.48 |
| Martin Ratio | 11.99 | 4.20 |
| Ulcer Index | 0.61% | 1.70% |
| Daily Std Dev | 3.47% | 5.68% |
| Max Drawdown | -4.10% | -18.84% |
| Current Drawdown | -1.00% | -9.21% |
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CGMU vs. BND - Expense Ratio Comparison
CGMU has a 0.27% expense ratio, which is higher than BND's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between CGMU and BND is 0.78, 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.
Risk-Adjusted Performance
CGMU vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Municipal Income ETF (CGMU) and Vanguard Total Bond Market ETF (BND). 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
CGMU vs. BND - Dividend Comparison
CGMU's dividend yield for the trailing twelve months is around 3.19%, less than BND's 3.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGMU Capital Group Municipal Income ETF | 3.19% | 3.09% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.58% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
CGMU vs. BND - Drawdown Comparison
The maximum CGMU drawdown since its inception was -4.10%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for CGMU and BND. For additional features, visit the drawdowns tool.
Volatility
CGMU vs. BND - Volatility Comparison
Capital Group Municipal Income ETF (CGMU) has a higher volatility of 1.96% compared to Vanguard Total Bond Market ETF (BND) at 1.64%. This indicates that CGMU's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.