FTBD vs. CGMS
Compare and contrast key facts about Fidelity Tactical Bond ETF (FTBD) and Capital Group U.S. Multi-Sector Income ETF (CGMS).
FTBD and CGMS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTBD is an actively managed fund by Fidelity. It was launched on Jan 24, 2023. CGMS is an actively managed fund by Capital Group. It was launched on Oct 25, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTBD or CGMS.
Key characteristics
| FTBD | CGMS | |
|---|---|---|
| YTD Return | 2.86% | 7.21% |
| 1Y Return | 9.95% | 14.00% |
| Sharpe Ratio | 1.60 | 2.89 |
| Sortino Ratio | 2.36 | 4.46 |
| Omega Ratio | 1.29 | 1.58 |
| Calmar Ratio | 2.46 | 7.42 |
| Martin Ratio | 6.58 | 22.98 |
| Ulcer Index | 1.53% | 0.62% |
| Daily Std Dev | 6.31% | 4.94% |
| Max Drawdown | -6.98% | -3.79% |
| Current Drawdown | -2.97% | -0.52% |
Correlation
The correlation between FTBD and CGMS is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FTBD vs. CGMS - Performance Comparison
In the year-to-date period, FTBD achieves a 2.86% return, which is significantly lower than CGMS's 7.21% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FTBD vs. CGMS - Expense Ratio Comparison
FTBD has a 0.55% expense ratio, which is higher than CGMS's 0.39% expense ratio.
Risk-Adjusted Performance
FTBD vs. CGMS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Tactical Bond ETF (FTBD) 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.
Dividends
FTBD vs. CGMS - Dividend Comparison
FTBD's dividend yield for the trailing twelve months is around 4.90%, less than CGMS's 5.82% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
FTBD Fidelity Tactical Bond ETF | 4.90% | 4.69% | 0.00% |
CGMS Capital Group U.S. Multi-Sector Income ETF | 5.82% | 5.84% | 0.97% |
Drawdowns
FTBD vs. CGMS - Drawdown Comparison
The maximum FTBD drawdown since its inception was -6.98%, which is greater than CGMS's maximum drawdown of -3.79%. Use the drawdown chart below to compare losses from any high point for FTBD and CGMS. For additional features, visit the drawdowns tool.
Volatility
FTBD vs. CGMS - Volatility Comparison
Fidelity Tactical Bond ETF (FTBD) and Capital Group U.S. Multi-Sector Income ETF (CGMS) have volatilities of 1.74% and 1.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.