CGSM vs. FLMI
Compare and contrast key facts about Capital Group Short Duration Municipal Income ETF (CGSM) and Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI).
CGSM and FLMI 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. FLMI is an actively managed fund by Franklin Templeton. It was launched on Aug 31, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGSM or FLMI.
Key characteristics
| CGSM | FLMI | |
|---|---|---|
| YTD Return | 3.90% | 5.79% |
| 1Y Return | 8.00% | 14.26% |
| Sharpe Ratio | 4.24 | 3.17 |
| Sortino Ratio | 7.42 | 4.98 |
| Omega Ratio | 2.01 | 1.70 |
| Calmar Ratio | 9.98 | 1.22 |
| Martin Ratio | 32.92 | 28.93 |
| Ulcer Index | 0.24% | 0.48% |
| Daily Std Dev | 1.87% | 4.39% |
| Max Drawdown | -0.79% | -14.66% |
| Current Drawdown | -0.28% | -0.40% |
Correlation
The correlation between CGSM and FLMI is 0.54, 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
CGSM vs. FLMI - Performance Comparison
In the year-to-date period, CGSM achieves a 3.90% return, which is significantly lower than FLMI's 5.79% 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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CGSM vs. FLMI - Expense Ratio Comparison
CGSM has a 0.25% expense ratio, which is lower than FLMI's 0.30% expense ratio.
Risk-Adjusted Performance
CGSM vs. FLMI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Short Duration Municipal Income ETF (CGSM) and Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI). 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. FLMI - Dividend Comparison
CGSM's dividend yield for the trailing twelve months is around 3.04%, less than FLMI's 3.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
CGSM Capital Group Short Duration Municipal Income ETF | 3.04% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLMI Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF | 3.96% | 3.71% | 3.09% | 2.22% | 2.09% | 2.71% | 2.41% | 0.00% |
Drawdowns
CGSM vs. FLMI - Drawdown Comparison
The maximum CGSM drawdown since its inception was -0.79%, smaller than the maximum FLMI drawdown of -14.66%. Use the drawdown chart below to compare losses from any high point for CGSM and FLMI. For additional features, visit the drawdowns tool.
Volatility
CGSM vs. FLMI - Volatility Comparison
The current volatility for Capital Group Short Duration Municipal Income ETF (CGSM) is 0.45%, while Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) has a volatility of 1.02%. This indicates that CGSM experiences smaller price fluctuations and is considered to be less risky than FLMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.