CGMU vs. MUB
Compare and contrast key facts about Capital Group Municipal Income ETF (CGMU) and iShares National AMT-Free Muni Bond ETF (MUB).
CGMU and MUB 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. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGMU or MUB.
Key characteristics
| CGMU | MUB | |
|---|---|---|
| YTD Return | 2.83% | 1.61% |
| 1Y Return | 8.28% | 7.20% |
| Sharpe Ratio | 2.21 | 1.68 |
| Sortino Ratio | 3.33 | 2.46 |
| Omega Ratio | 1.47 | 1.33 |
| Calmar Ratio | 3.23 | 0.86 |
| Martin Ratio | 13.55 | 7.31 |
| Ulcer Index | 0.59% | 0.92% |
| Daily Std Dev | 3.60% | 4.01% |
| Max Drawdown | -4.10% | -13.68% |
| Current Drawdown | -1.07% | -1.17% |
Correlation
The correlation between CGMU and MUB is 0.87, 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
CGMU vs. MUB - Performance Comparison
In the year-to-date period, CGMU achieves a 2.83% return, which is significantly higher than MUB's 1.61% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CGMU vs. MUB - Expense Ratio Comparison
CGMU has a 0.27% expense ratio, which is higher than MUB's 0.07% 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%.
Risk-Adjusted Performance
CGMU vs. MUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Municipal Income ETF (CGMU) and iShares National AMT-Free Muni Bond ETF (MUB). 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. MUB - Dividend Comparison
CGMU's dividend yield for the trailing twelve months is around 3.19%, more than MUB's 2.95% 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% |
MUB iShares National AMT-Free Muni Bond ETF | 2.95% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% | 3.02% |
Drawdowns
CGMU vs. MUB - Drawdown Comparison
The maximum CGMU drawdown since its inception was -4.10%, smaller than the maximum MUB drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for CGMU and MUB. For additional features, visit the drawdowns tool.
Volatility
CGMU vs. MUB - Volatility Comparison
Capital Group Municipal Income ETF (CGMU) and iShares National AMT-Free Muni Bond ETF (MUB) have volatilities of 1.96% and 1.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.