CGSM vs. FXNAX
Compare and contrast key facts about Capital Group Short Duration Municipal Income ETF (CGSM) and Fidelity U.S. Bond Index Fund (FXNAX).
CGSM is an actively managed fund by Capital Group. It was launched on Sep 26, 2023. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGSM or FXNAX.
Performance
CGSM vs. FXNAX - Performance Comparison
Returns By Period
In the year-to-date period, CGSM achieves a 3.67% return, which is significantly higher than FXNAX's 1.52% return.
CGSM
3.67%
-0.22%
2.86%
6.11%
N/A
N/A
FXNAX
1.52%
-1.63%
2.81%
6.28%
-0.53%
1.28%
Key characteristics
| CGSM | FXNAX | |
|---|---|---|
| Sharpe Ratio | 3.14 | 1.06 |
| Sortino Ratio | 4.88 | 1.59 |
| Omega Ratio | 1.70 | 1.19 |
| Calmar Ratio | 5.41 | 0.39 |
| Martin Ratio | 19.95 | 3.44 |
| Ulcer Index | 0.31% | 1.77% |
| Daily Std Dev | 1.98% | 5.70% |
| Max Drawdown | -1.15% | -19.64% |
| Current Drawdown | -0.50% | -10.17% |
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CGSM vs. FXNAX - Expense Ratio Comparison
CGSM has a 0.25% expense ratio, which is higher than FXNAX's 0.03% 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%.
Correlation
The correlation between CGSM and FXNAX is 0.60, 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. FXNAX - 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 U.S. Bond Index Fund (FXNAX). 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. FXNAX - Dividend Comparison
CGSM's dividend yield for the trailing twelve months is around 3.14%, less than FXNAX's 3.33% 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% |
FXNAX Fidelity U.S. Bond Index Fund | 3.33% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% | 2.39% |
Drawdowns
CGSM vs. FXNAX - Drawdown Comparison
The maximum CGSM drawdown since its inception was -1.15%, smaller than the maximum FXNAX drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for CGSM and FXNAX. For additional features, visit the drawdowns tool.
Volatility
CGSM vs. FXNAX - Volatility Comparison
The current volatility for Capital Group Short Duration Municipal Income ETF (CGSM) is 0.93%, while Fidelity U.S. Bond Index Fund (FXNAX) has a volatility of 1.56%. This indicates that CGSM experiences smaller price fluctuations and is considered to be less risky than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.