CGSM vs. MMTRX
Compare and contrast key facts about Capital Group Short Duration Municipal Income ETF (CGSM) and MassMutual Select T. Rowe Price Retirement 2030 Fund (MMTRX).
CGSM is an actively managed fund by Capital Group. It was launched on Sep 26, 2023. MMTRX is managed by T. Rowe Price. It was launched on Feb 15, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGSM or MMTRX.
Performance
CGSM vs. MMTRX - Performance Comparison
Returns By Period
In the year-to-date period, CGSM achieves a 3.67% return, which is significantly lower than MMTRX's 11.56% return.
CGSM
3.67%
-0.22%
2.86%
6.11%
N/A
N/A
MMTRX
11.56%
-1.36%
4.39%
18.15%
7.95%
N/A
Key characteristics
| CGSM | MMTRX | |
|---|---|---|
| Sharpe Ratio | 3.14 | 1.27 |
| Sortino Ratio | 4.88 | 1.93 |
| Omega Ratio | 1.70 | 1.38 |
| Calmar Ratio | 5.41 | 1.78 |
| Martin Ratio | 19.95 | 5.43 |
| Ulcer Index | 0.31% | 3.43% |
| Daily Std Dev | 1.98% | 14.73% |
| Max Drawdown | -1.15% | -28.45% |
| Current Drawdown | -0.50% | -1.97% |
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CGSM vs. MMTRX - Expense Ratio Comparison
CGSM has a 0.25% expense ratio, which is lower than MMTRX's 0.37% expense ratio.
Correlation
The correlation between CGSM and MMTRX is 0.24, 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. MMTRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Short Duration Municipal Income ETF (CGSM) and MassMutual Select T. Rowe Price Retirement 2030 Fund (MMTRX). 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. MMTRX - Dividend Comparison
CGSM's dividend yield for the trailing twelve months is around 3.14%, more than MMTRX's 2.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
CGSM Capital Group Short Duration Municipal Income ETF | 3.14% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MMTRX MassMutual Select T. Rowe Price Retirement 2030 Fund | 2.04% | 2.27% | 2.98% | 3.75% | 1.72% | 2.14% | 2.06% |
Drawdowns
CGSM vs. MMTRX - Drawdown Comparison
The maximum CGSM drawdown since its inception was -1.15%, smaller than the maximum MMTRX drawdown of -28.45%. Use the drawdown chart below to compare losses from any high point for CGSM and MMTRX. For additional features, visit the drawdowns tool.
Volatility
CGSM vs. MMTRX - Volatility Comparison
The current volatility for Capital Group Short Duration Municipal Income ETF (CGSM) is 0.93%, while MassMutual Select T. Rowe Price Retirement 2030 Fund (MMTRX) has a volatility of 2.26%. This indicates that CGSM experiences smaller price fluctuations and is considered to be less risky than MMTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.