CGVV vs. CGMS

Last updated Jul 15, 2026

CGVV (Capital Group U.S. Large Value ETF) and CGMS (Capital Group U.S. Multi-Sector Income ETF) are both exchange-traded funds - CGVV is a Large Cap Value Equities fund actively managed by Capital Group, while CGMS is a Multisector Bonds fund actively managed by Capital Group. Both are actively managed. Over the past year, CGVV returned 19.83% vs 5.29% for CGMS. A 0.52 correlation means they provide meaningful diversification when combined. CGVV charges 0.33%/yr vs 0.39%/yr for CGMS.

Performance

CGVV vs. CGMS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group U.S. Large Value ETF (CGVV) and Capital Group U.S. Multi-Sector Income ETF (CGMS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGVV achieves a 14.38% return, which is significantly higher than CGMS's 1.48% return.

CGVV

• 1D: -0.16%
• 1M: 0.62%
• 6M: 10.00%
• YTD: 14.38%
• 1Y: 19.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CGMS

• 1D: 0.18%
• 1M: -0.28%
• 6M: 1.04%
• YTD: 1.48%
• 1Y: 5.29%
• 3Y*: 7.54%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CGVV vs. CGMS - Yearly Performance Comparison

	2026 (YTD)	2025
CGVV Capital Group U.S. Large Value ETF	14.38%	6.55%
CGMS Capital Group U.S. Multi-Sector Income ETF	1.48%	4.02%

Correlation

The correlation between CGVV and CGMS is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.52

The correlation between CGVV and CGMS has been stable across timeframes, ranging from 0.52 to 0.53 - a consistent structural relationship.

Return for Risk

CGVV vs. CGMS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CGVV

CGVV Risk / Return Rank: 51
CGVV Sharpe Ratio Rank: 52
CGVV Sortino Ratio Rank: 52
CGVV Omega Ratio Rank: 48
CGVV Calmar Ratio Rank: 49
CGVV Martin Ratio Rank: 56

CGMS

CGMS Risk / Return Rank: 59
CGMS Sharpe Ratio Rank: 57
CGMS Sortino Ratio Rank: 61
CGMS Omega Ratio Rank: 58
CGMS Calmar Ratio Rank: 54
CGMS Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CGVV vs. CGMS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group U.S. Large Value ETF (CGVV) and Capital Group U.S. Multi-Sector Income ETF (CGMS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CGVV	CGMS	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.53	-0.10
Sortino ratio: Return per unit of downside risk	2.05	2.28	-0.22
Omega ratio: Gain probability vs. loss probability	1.25	1.28	-0.03
Calmar ratio: Return relative to maximum drawdown	1.97	2.15	-0.18
Martin ratio: Return relative to average drawdown	7.69	9.52	-1.83

CGVV vs. CGMS - Sharpe Ratio Comparison

The current CGVV Sharpe Ratio is 1.43, which is comparable to the CGMS Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of CGVV and CGMS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CGVV vs. CGMS - Drawdown Comparison

The maximum CGVV drawdown since its inception was -10.11%, which is greater than CGMS's maximum drawdown of -4.08%. Use the drawdown chart below to compare losses from any high point for CGVV and CGMS.

Drawdown Indicators

	CGVV	CGMS	Difference
Max Drawdown Largest peak-to-trough decline	-10.11%	-4.08%	-6.03%
Max Drawdown (1Y) Largest decline over 1 year	-10.11%	-2.47%	-7.64%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.08%	—
Current Drawdown Current decline from peak	-0.78%	-0.51%	-0.27%
Average Drawdown Average peak-to-trough decline	-1.56%	-0.66%	-0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	0.56%	+2.03%

Volatility

CGVV vs. CGMS - Volatility Comparison

Capital Group U.S. Large Value ETF (CGVV) has a higher volatility of 3.78% compared to Capital Group U.S. Multi-Sector Income ETF (CGMS) at 0.89%. This indicates that CGVV's price experiences larger fluctuations and is considered to be riskier than CGMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGVV	CGMS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	0.89%	+2.89%
Volatility (6M) Calculated over the trailing 6-month period	10.65%	2.83%	+7.82%
Volatility (1Y) Calculated over the trailing 1-year period	13.90%	3.47%	+10.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.72%	5.09%	+8.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.72%	5.09%	+8.63%

CGVV vs. CGMS - Expense Ratio Comparison

CGVV has a 0.33% expense ratio, which is lower than CGMS's 0.39% expense ratio.

Dividends

CGVV vs. CGMS - Dividend Comparison

CGVV's dividend yield for the trailing twelve months is around 0.85%, less than CGMS's 6.15% yield.

Position	TTM	2025	2024	2023	2022
CGMS Capital Group U.S. Multi-Sector Income ETF	6.15%	6.00%	5.91%	5.84%	0.97%
CGVV Capital Group U.S. Large Value ETF	0.85%	0.57%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CGVV and CGMS in my portfolio?

CGVV and CGMS have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGVV or CGMS?

CGVV has higher volatility (3.78%) compared to CGMS (0.89%). In terms of maximum drawdown, CGVV dropped -10.11% vs CGMS's -4.08%.

Which ETF is better, CGVV or CGMS?

On 1-year performance, CGVV leads with 19.83% vs 5.29% for CGMS. On fees, CGVV is cheaper at 0.33% per year. On volatility, CGMS has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGVV or CGMS?

Over the 1-year period, CGVV has performed better with a 19.83% return vs 5.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGVV or CGMS?

CGVV is cheaper with a 0.33% expense ratio, compared with 0.39% for CGMS.

Which ETF pays a higher dividend yield, CGVV or CGMS?

CGMS has the higher dividend yield at 6.15%, compared with 0.85% for CGVV.

What is the main difference between CGVV and CGMS?

CGVV is categorized as Large Cap Value Equities, while CGMS is Multisector Bonds. Their fees differ too: 0.33% for CGVV and 0.39% for CGMS.

Which has better risk-adjusted returns?

CGMS currently has the higher Sharpe Ratio (1.53 vs 1.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.