CGSM vs. FFRHX

In the year-to-date period, CGSM achieves a 0.74% return, which is significantly higher than FFRHX's -0.39% return.

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CGSM has a 0.25% expense ratio, which is lower than FFRHX's 0.67% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Capital Group Short Duration Municipal Income ETF (CGSM) and Fidelity Floating Rate High Income Fund (FFRHX). 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.

The current CGSM Sharpe Ratio is 1.91, which is comparable to the FFRHX Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of CGSM and FFRHX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

CGSM's dividend yield for the trailing twelve months is around 3.07%, less than FFRHX's 7.47% yield.

The maximum CGSM drawdown since its inception was -1.42%, smaller than the maximum FFRHX drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for CGSM and FFRHX. For additional features, visit the drawdowns tool.

The current volatility for Capital Group Short Duration Municipal Income ETF (CGSM) is 0.68%, while Fidelity Floating Rate High Income Fund (FFRHX) has a volatility of 1.03%. This indicates that CGSM experiences smaller price fluctuations and is considered to be less risky than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.