CGSM vs. CGSD
Compare and contrast key facts about Capital Group Short Duration Municipal Income ETF (CGSM) and Capital Group Short Duration Income ETF (CGSD).
CGSM and CGSD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CGSM is an actively managed fund by Capital Group. It was launched on Sep 26, 2023. CGSD is an actively managed fund by Capital Group. It was launched on Oct 25, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGSM or CGSD.
Performance
CGSM vs. CGSD - Performance Comparison
Returns By Period
In the year-to-date period, CGSM achieves a 3.67% return, which is significantly lower than CGSD's 4.67% return.
CGSM
3.67%
-0.22%
2.86%
6.11%
N/A
N/A
CGSD
4.67%
-0.18%
3.36%
6.49%
N/A
N/A
Key characteristics
| CGSM | CGSD | |
|---|---|---|
| Sharpe Ratio | 3.14 | 2.99 |
| Sortino Ratio | 4.88 | 4.66 |
| Omega Ratio | 1.70 | 1.61 |
| Calmar Ratio | 5.41 | 7.24 |
| Martin Ratio | 19.95 | 20.59 |
| Ulcer Index | 0.31% | 0.32% |
| Daily Std Dev | 1.98% | 2.18% |
| Max Drawdown | -1.15% | -1.75% |
| Current Drawdown | -0.50% | -0.59% |
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CGSM vs. CGSD - Expense Ratio Comparison
Both CGSM and CGSD 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%.
Correlation
The correlation between CGSM and CGSD 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.
Risk-Adjusted Performance
CGSM vs. CGSD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Short Duration Municipal Income ETF (CGSM) and Capital Group Short Duration Income ETF (CGSD). 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
CGSM vs. CGSD - Dividend Comparison
CGSM's dividend yield for the trailing twelve months is around 3.14%, less than CGSD's 4.60% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
CGSM Capital Group Short Duration Municipal Income ETF | 3.14% | 0.84% | 0.00% |
CGSD Capital Group Short Duration Income ETF | 4.60% | 4.44% | 0.64% |
Drawdowns
CGSM vs. CGSD - Drawdown Comparison
The maximum CGSM drawdown since its inception was -1.15%, smaller than the maximum CGSD drawdown of -1.75%. Use the drawdown chart below to compare losses from any high point for CGSM and CGSD. For additional features, visit the drawdowns tool.
Volatility
CGSM vs. CGSD - Volatility Comparison
Capital Group Short Duration Municipal Income ETF (CGSM) has a higher volatility of 0.93% compared to Capital Group Short Duration Income ETF (CGSD) at 0.48%. This indicates that CGSM's price experiences larger fluctuations and is considered to be riskier than CGSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.