CGMU vs. VCRB
Compare and contrast key facts about Capital Group Municipal Income ETF (CGMU) and Vanguard Core Bond ETF (VCRB).
CGMU and VCRB 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. VCRB is an actively managed fund by Vanguard. It was launched on Dec 14, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGMU or VCRB.
Performance
CGMU vs. VCRB - Performance Comparison
Returns By Period
In the year-to-date period, CGMU achieves a 2.91% return, which is significantly higher than VCRB's 2.40% return.
CGMU
2.91%
-0.42%
2.54%
6.84%
N/A
N/A
VCRB
2.40%
-1.89%
3.22%
N/A
N/A
N/A
Key characteristics
| CGMU | VCRB | |
|---|---|---|
| Daily Std Dev | 3.47% | 5.31% |
| Max Drawdown | -4.10% | -3.42% |
| Current Drawdown | -1.00% | -3.29% |
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CGMU vs. VCRB - Expense Ratio Comparison
CGMU has a 0.27% expense ratio, which is higher than VCRB's 0.10% 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 VCRB is 0.80, 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. VCRB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Municipal Income ETF (CGMU) and Vanguard Core Bond ETF (VCRB). 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.
Not enough dataDividends
CGMU vs. VCRB - Dividend Comparison
CGMU's dividend yield for the trailing twelve months is around 3.19%, less than VCRB's 3.48% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
CGMU Capital Group Municipal Income ETF | 3.19% | 3.09% | 0.49% |
VCRB Vanguard Core Bond ETF | 3.48% | 0.16% | 0.00% |
Drawdowns
CGMU vs. VCRB - Drawdown Comparison
The maximum CGMU drawdown since its inception was -4.10%, which is greater than VCRB's maximum drawdown of -3.42%. Use the drawdown chart below to compare losses from any high point for CGMU and VCRB. For additional features, visit the drawdowns tool.
Volatility
CGMU vs. VCRB - Volatility Comparison
Capital Group Municipal Income ETF (CGMU) has a higher volatility of 1.96% compared to Vanguard Core Bond ETF (VCRB) at 1.59%. This indicates that CGMU's price experiences larger fluctuations and is considered to be riskier than VCRB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.