CGSM vs. FXAIX
Compare and contrast key facts about Capital Group Short Duration Municipal Income ETF (CGSM) and Fidelity 500 Index Fund (FXAIX).
CGSM is an actively managed fund by Capital Group. It was launched on Sep 26, 2023. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGSM or FXAIX.
Key characteristics
| CGSM | FXAIX | |
|---|---|---|
| YTD Return | 3.90% | 23.84% |
| 1Y Return | 8.00% | 35.53% |
| Sharpe Ratio | 4.24 | 2.84 |
| Sortino Ratio | 7.42 | 3.78 |
| Omega Ratio | 2.01 | 1.52 |
| Calmar Ratio | 9.98 | 3.06 |
| Martin Ratio | 32.92 | 17.65 |
| Ulcer Index | 0.24% | 2.01% |
| Daily Std Dev | 1.87% | 12.51% |
| Max Drawdown | -0.79% | -33.79% |
| Current Drawdown | -0.28% | -0.28% |
Correlation
The correlation between CGSM and FXAIX is 0.11, 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.
Performance
CGSM vs. FXAIX - Performance Comparison
In the year-to-date period, CGSM achieves a 3.90% return, which is significantly lower than FXAIX's 23.84% 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. FXAIX - Expense Ratio Comparison
CGSM has a 0.25% expense ratio, which is higher than FXAIX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
CGSM vs. FXAIX - 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 500 Index Fund (FXAIX). 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. FXAIX - Dividend Comparison
CGSM's dividend yield for the trailing twelve months is around 3.04%, more than FXAIX's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGSM Capital Group Short Duration Municipal Income ETF | 3.04% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.24% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
CGSM vs. FXAIX - Drawdown Comparison
The maximum CGSM drawdown since its inception was -0.79%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for CGSM and FXAIX. For additional features, visit the drawdowns tool.
Volatility
CGSM vs. FXAIX - Volatility Comparison
The current volatility for Capital Group Short Duration Municipal Income ETF (CGSM) is 0.45%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.03%. This indicates that CGSM experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.