CGSD vs. CGSM
Compare and contrast key facts about Capital Group Short Duration Income ETF (CGSD) and Capital Group Short Duration Municipal Income ETF (CGSM).
CGSD and CGSM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CGSD is an actively managed fund by Capital Group. It was launched on Oct 25, 2022. CGSM is an actively managed fund by Capital Group. It was launched on Sep 26, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGSD or CGSM.
Key characteristics
| CGSD | CGSM | |
|---|---|---|
| YTD Return | 4.59% | 3.51% |
| 1Y Return | 6.49% | 6.12% |
| Sharpe Ratio | 3.15 | 3.22 |
| Sortino Ratio | 4.98 | 5.04 |
| Omega Ratio | 1.66 | 1.72 |
| Calmar Ratio | 7.76 | 5.60 |
| Martin Ratio | 22.40 | 20.90 |
| Ulcer Index | 0.31% | 0.31% |
| Daily Std Dev | 2.22% | 2.00% |
| Max Drawdown | -1.75% | -1.15% |
| Current Drawdown | -0.67% | -0.65% |
Correlation
The correlation between CGSD and CGSM is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CGSD vs. CGSM - Performance Comparison
In the year-to-date period, CGSD achieves a 4.59% return, which is significantly higher than CGSM's 3.51% 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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CGSD vs. CGSM - Expense Ratio Comparison
Both CGSD and CGSM have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
CGSD vs. CGSM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Short Duration Income ETF (CGSD) and Capital Group Short Duration Municipal Income ETF (CGSM). 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
CGSD vs. CGSM - Dividend Comparison
CGSD's dividend yield for the trailing twelve months is around 4.60%, more than CGSM's 3.15% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
CGSD Capital Group Short Duration Income ETF | 4.60% | 4.44% | 0.64% |
CGSM Capital Group Short Duration Municipal Income ETF | 3.15% | 0.84% | 0.00% |
Drawdowns
CGSD vs. CGSM - Drawdown Comparison
The maximum CGSD drawdown since its inception was -1.75%, which is greater than CGSM's maximum drawdown of -1.15%. Use the drawdown chart below to compare losses from any high point for CGSD and CGSM. For additional features, visit the drawdowns tool.
Volatility
CGSD vs. CGSM - Volatility Comparison
The current volatility for Capital Group Short Duration Income ETF (CGSD) is 0.48%, while Capital Group Short Duration Municipal Income ETF (CGSM) has a volatility of 0.93%. This indicates that CGSD experiences smaller price fluctuations and is considered to be less risky than CGSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.