CRDT vs. CGMS

Last updated Jun 25, 2026

CRDT (Simplify Opportunistic Income ETF) and CGMS (Capital Group U.S. Multi-Sector Income ETF) are both Multisector Bonds funds. Both are actively managed. Over the past year, CRDT returned 0.28% vs 5.81% for CGMS. At a 0.43 correlation, their price movements are largely independent. CRDT charges 0.50%/yr vs 0.39%/yr for CGMS.

Performance

CRDT vs. CGMS - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with CRDT having a 1.84% return and CGMS slightly lower at 1.77%.

CRDT

• 1D: 0.30%
• 1M: 1.24%
• YTD: 1.84%
• 6M: 2.13%
• 1Y: 0.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CGMS

• 1D: 0.22%
• 1M: 0.60%
• YTD: 1.77%
• 6M: 1.62%
• 1Y: 5.81%
• 3Y*: 8.08%
• 5Y*: —
• 10Y*: —

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

CRDT vs. CGMS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CRDT Simplify Opportunistic Income ETF	1.84%	-0.67%	5.19%	5.20%
CGMS Capital Group U.S. Multi-Sector Income ETF	1.77%	7.52%	7.24%	7.48%

Correlation

The correlation between CRDT 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 27, 2023	0.43

The correlation between CRDT and CGMS shifts across timeframes, from 0.43 (all time) to 0.53 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CRDT vs. CGMS — Risk / Return Rank

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

CRDT

CRDT Risk / Return Rank: 9
CRDT Sharpe Ratio Rank: 9
CRDT Sortino Ratio Rank: 8
CRDT Omega Ratio Rank: 9
CRDT Calmar Ratio Rank: 9
CRDT Martin Ratio Rank: 9

CGMS

CGMS Risk / Return Rank: 58
CGMS Sharpe Ratio Rank: 55
CGMS Sortino Ratio Rank: 60
CGMS Omega Ratio Rank: 56
CGMS Calmar Ratio Rank: 53
CGMS Martin Ratio Rank: 64

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.

CRDT vs. CGMS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Opportunistic Income ETF (CRDT) 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.

	CRDT	CGMS	Difference
Sharpe ratio: Return per unit of total volatility	0.03	1.67	-1.64
Sortino ratio: Return per unit of downside risk	0.10	2.51	-2.41
Omega ratio: Gain probability vs. loss probability	1.01	1.31	-0.30
Calmar ratio: Return relative to maximum drawdown	0.04	2.36	-2.32
Martin ratio: Return relative to average drawdown	0.11	10.46	-10.35

CRDT vs. CGMS - Sharpe Ratio Comparison

The current CRDT Sharpe Ratio is 0.03, which is lower than the CGMS Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of CRDT 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

CRDT vs. CGMS - Drawdown Comparison

The maximum CRDT drawdown since its inception was -9.80%, which is greater than CGMS's maximum drawdown of -4.08%. Use the drawdown chart below to compare losses from any high point for CRDT and CGMS.

Drawdown Indicators

	CRDT	CGMS	Difference
Max Drawdown Largest peak-to-trough decline	-9.80%	-4.08%	-5.72%
Max Drawdown (1Y) Largest decline over 1 year	-7.18%	-2.47%	-4.71%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.08%	—
Current Drawdown Current decline from peak	-3.35%	-0.18%	-3.17%
Average Drawdown Average peak-to-trough decline	-2.32%	-0.66%	-1.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	0.56%	+1.89%

Volatility

CRDT vs. CGMS - Volatility Comparison

Simplify Opportunistic Income ETF (CRDT) has a higher volatility of 4.65% compared to Capital Group U.S. Multi-Sector Income ETF (CGMS) at 1.14%. This indicates that CRDT'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

	CRDT	CGMS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	1.14%	+3.51%
Volatility (6M) Calculated over the trailing 6-month period	8.46%	2.79%	+5.67%
Volatility (1Y) Calculated over the trailing 1-year period	9.51%	3.50%	+6.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.31%	5.12%	+2.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.31%	5.12%	+2.19%

CRDT vs. CGMS - Expense Ratio Comparison

CRDT has a 0.50% expense ratio, which is higher than CGMS's 0.39% expense ratio.

Dividends

CRDT vs. CGMS - Dividend Comparison

CRDT's dividend yield for the trailing twelve months is around 6.34%, more than CGMS's 6.08% yield.

Position	TTM	2025	2024	2023	2022
CGMS Capital Group U.S. Multi-Sector Income ETF	6.08%	6.00%	5.91%	5.84%	0.97%
CRDT Simplify Opportunistic Income ETF	6.34%	7.04%	7.29%	2.59%	0.00%

Frequently Asked Questions

Can I hold both CRDT and CGMS in my portfolio?

CRDT 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, CRDT or CGMS?

CRDT has higher volatility (4.65%) compared to CGMS (1.14%). In terms of maximum drawdown, CRDT dropped -9.80% vs CGMS's -4.08%.

Which ETF is better, CRDT or CGMS?

On 1-year performance, CGMS leads with 5.81% vs 0.28% for CRDT. On fees, CGMS is cheaper at 0.39% per year. On volatility, CGMS has been the lower-risk option at 1.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CRDT or CGMS?

Over the 1-year period, CGMS has performed better with a 5.81% return vs 0.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CRDT or CGMS?

CGMS is cheaper with a 0.39% expense ratio, compared with 0.50% for CRDT.

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

CRDT has the higher dividend yield at 6.34%, compared with 6.08% for CGMS.

What is the main difference between CRDT and CGMS?

They also come from different issuers: Simplify and Capital Group. Their fees differ too: 0.50% for CRDT and 0.39% for CGMS.

Which has better risk-adjusted returns?

CGMS currently has the higher Sharpe Ratio (1.67 vs 0.03), 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.