CGMU vs. USD=X
CGMU (Capital Group Municipal Income ETF) is Municipal Bonds fund actively managed by Capital Group, while USD=X (USD Cash) is a currency. Over the past 3 years, CGMU returned 4.63%/yr vs 0.00%/yr for USD=X.
Performance
CGMU vs. USD=X - Performance Comparison
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Returns By Period
CGMU
- 1D
- -0.07%
- 1M
- 0.56%
- YTD
- 1.39%
- 6M
- 1.82%
- 1Y
- 6.32%
- 3Y*
- 4.63%
- 5Y*
- —
- 10Y*
- —
USD=X
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
CGMU vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CGMU Capital Group Municipal Income ETF | 1.39% | 5.19% | 2.64% | 6.76% | 4.65% |
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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Return for Risk
CGMU vs. USD=X — Risk / Return Rank
CGMU
USD=X
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CGMU vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Municipal Income ETF (CGMU) and USD Cash (USD=X). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CGMU | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.59 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | — | — |
| Martin ratioReturn relative to average drawdown | 7.97 | — | — |
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Drawdowns
CGMU vs. USD=X - Drawdown Comparison
The maximum CGMU drawdown since its inception was -4.11%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for CGMU and USD=X.
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Drawdown Indicators
| CGMU | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.11% | 0.00% | -4.11% |
Max Drawdown (1Y)Largest decline over 1 year | -2.55% | 0.00% | -2.55% |
Max Drawdown (3Y)Largest decline over 3 years | -3.89% | 0.00% | -3.89% |
Max Drawdown (5Y)Largest decline over 5 years | — | 0.00% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | 0.00% | — |
Current DrawdownCurrent decline from peak | -0.89% | 0.00% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -0.84% | 0.00% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.00% | +0.79% |
Volatility
CGMU vs. USD=X - Volatility Comparison
Capital Group Municipal Income ETF (CGMU) has a higher volatility of 0.81% compared to USD Cash (USD=X) at 0.00%. This indicates that CGMU's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGMU | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.00% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 1.73% | 0.00% | +1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.28% | 0.00% | +2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.47% | 0.00% | +3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.47% | 0.00% | +3.47% |
Frequently Asked Questions
CGMU has higher volatility (0.81%) compared to USD=X (0.00%). In terms of maximum drawdown, CGMU dropped -4.11% vs USD=X's 0.00%.
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