CGSM vs. VYM
Compare and contrast key facts about Capital Group Short Duration Municipal Income ETF (CGSM) and Vanguard High Dividend Yield ETF (VYM).
CGSM and VYM 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. VYM is a passively managed fund by Vanguard that tracks the performance of the FTSE High Dividend Yield Index. It was launched on Nov 10, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGSM or VYM.
Performance
CGSM vs. VYM - Performance Comparison
Returns By Period
In the year-to-date period, CGSM achieves a 3.67% return, which is significantly lower than VYM's 19.54% return.
CGSM
3.67%
-0.22%
2.86%
6.11%
N/A
N/A
VYM
19.54%
-0.46%
9.21%
28.77%
10.85%
9.92%
Key characteristics
| CGSM | VYM | |
|---|---|---|
| Sharpe Ratio | 3.14 | 2.67 |
| Sortino Ratio | 4.88 | 3.80 |
| Omega Ratio | 1.70 | 1.49 |
| Calmar Ratio | 5.41 | 5.43 |
| Martin Ratio | 19.95 | 17.26 |
| Ulcer Index | 0.31% | 1.63% |
| Daily Std Dev | 1.98% | 10.55% |
| Max Drawdown | -1.15% | -56.98% |
| Current Drawdown | -0.50% | -1.58% |
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CGSM vs. VYM - Expense Ratio Comparison
CGSM has a 0.25% expense ratio, which is higher than VYM's 0.06% 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 VYM is 0.14, 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. VYM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Short Duration Municipal Income ETF (CGSM) and Vanguard High Dividend Yield ETF (VYM). 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. VYM - Dividend Comparison
CGSM's dividend yield for the trailing twelve months is around 3.14%, more than VYM's 2.78% 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% |
VYM Vanguard High Dividend Yield ETF | 2.78% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% | 2.78% | 2.81% |
Drawdowns
CGSM vs. VYM - Drawdown Comparison
The maximum CGSM drawdown since its inception was -1.15%, smaller than the maximum VYM drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for CGSM and VYM. For additional features, visit the drawdowns tool.
Volatility
CGSM vs. VYM - Volatility Comparison
The current volatility for Capital Group Short Duration Municipal Income ETF (CGSM) is 0.93%, while Vanguard High Dividend Yield ETF (VYM) has a volatility of 3.80%. This indicates that CGSM experiences smaller price fluctuations and is considered to be less risky than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.