CGSM vs. FFRHX
Compare and contrast key facts about Capital Group Short Duration Municipal Income ETF (CGSM) and Fidelity Floating Rate High Income Fund (FFRHX).
CGSM is an actively managed fund by Capital Group. It was launched on Sep 26, 2023. FFRHX is managed by Fidelity. It was launched on Aug 16, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGSM or FFRHX.
Performance
CGSM vs. FFRHX - Performance Comparison
Returns By Period
In the year-to-date period, CGSM achieves a 3.67% return, which is significantly lower than FFRHX's 8.09% return.
CGSM
3.67%
-0.22%
2.86%
6.11%
N/A
N/A
FFRHX
8.09%
0.89%
4.24%
9.98%
5.70%
4.61%
Key characteristics
| CGSM | FFRHX | |
|---|---|---|
| Sharpe Ratio | 3.14 | 3.88 |
| Sortino Ratio | 4.88 | 12.50 |
| Omega Ratio | 1.70 | 4.16 |
| Calmar Ratio | 5.41 | 11.54 |
| Martin Ratio | 19.95 | 61.50 |
| Ulcer Index | 0.31% | 0.16% |
| Daily Std Dev | 1.98% | 2.56% |
| Max Drawdown | -1.15% | -22.19% |
| Current Drawdown | -0.50% | 0.00% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CGSM vs. FFRHX - Expense Ratio Comparison
CGSM has a 0.25% expense ratio, which is lower than FFRHX's 0.67% expense ratio.
Correlation
The correlation between CGSM and FFRHX is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
CGSM vs. FFRHX - Risk-Adjusted Performance Comparison
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.
Dividends
CGSM vs. FFRHX - Dividend Comparison
CGSM's dividend yield for the trailing twelve months is around 3.14%, less than FFRHX's 8.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGSM Capital Group Short Duration Municipal Income ETF | 3.14% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FFRHX Fidelity Floating Rate High Income Fund | 8.37% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% | 3.46% |
Drawdowns
CGSM vs. FFRHX - Drawdown Comparison
The maximum CGSM drawdown since its inception was -1.15%, 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.
Volatility
CGSM vs. FFRHX - Volatility Comparison
Capital Group Short Duration Municipal Income ETF (CGSM) has a higher volatility of 0.93% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.61%. This indicates that CGSM's price experiences larger fluctuations and is considered to be riskier than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.