INMU vs. CGCP
INMU (BlackRock Intermediate Muni Income Bond ETF) and CGCP (Capital Group Core Plus Income ETF) are both exchange-traded funds - INMU is a Municipal Bonds fund actively managed by BlackRock, while CGCP is a Intermediate Core-Plus Bond fund actively managed by Capital Group. Both are actively managed. Over the past 3 years, INMU returned 4.27%/yr vs 4.89%/yr for CGCP. Their 0.60 correlation means they have sometimes moved together and sometimes differently. INMU charges 0.30%/yr vs 0.34%/yr for CGCP.
Performance
INMU vs. CGCP - Performance Comparison
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Returns By Period
In the year-to-date period, INMU achieves a 0.65% return, which is significantly higher than CGCP's -0.26% return.
INMU
- 1D
- 0.12%
- 1M
- -1.65%
- 6M
- -0.66%
- YTD
- 0.65%
- 1Y
- 4.95%
- 3Y*
- 4.27%
- 5Y*
- 1.36%
- 10Y*
- —
- ALL TIME*
- 1.83%
CGCP
- 1D
- 0.18%
- 1M
- -1.04%
- 6M
- -0.60%
- YTD
- -0.26%
- 1Y
- 2.44%
- 3Y*
- 4.89%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $31.78M | $29.73M | $33.88M | |
| $5.47M | $4.77M | $4.63M |
INMU vs. CGCP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
INMU BlackRock Intermediate Muni Income Bond ETF | 0.65% | 5.52% | 2.77% | 6.50% | -5.30% |
CGCP Capital Group Core Plus Income ETF | -0.26% | 7.35% | 2.95% | 7.17% | -9.68% |
Correlation
The correlation between INMU and CGCP is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022 | 0.60 |
The correlation between INMU and CGCP has been stable across timeframes, ranging from 0.54 to 0.60 - a consistent structural relationship.
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Return for Risk
INMU vs. CGCP — Risk / Return Rank
INMU
CGCP
INMU vs. CGCP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Intermediate Muni Income Bond ETF (INMU) and Capital Group Core Plus Income ETF (CGCP). 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.
| INMU | CGCP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.12 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 0.95 | +0.98 |
| Martin ratioReturn relative to average drawdown | 5.95 | 2.64 | +3.30 |
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Drawdowns
INMU vs. CGCP - Drawdown Comparison
The maximum INMU drawdown since its inception was -10.67%, smaller than the maximum CGCP drawdown of -15.06%. Use the drawdown chart below to compare losses from any high point for INMU and CGCP.
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Drawdown Indicators
| INMU | CGCP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.67% | -15.06% | +4.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -2.59% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -4.00% | -4.52% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -10.67% | — | — |
Current DrawdownCurrent decline from peak | -1.71% | -1.75% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -2.75% | -4.78% | +2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.92% | -0.09% |
Volatility
INMU vs. CGCP - Volatility Comparison
The current volatility for BlackRock Intermediate Muni Income Bond ETF (INMU) is 0.79%, while Capital Group Core Plus Income ETF (CGCP) has a volatility of 1.02%. This indicates that INMU experiences smaller price fluctuations and is considered to be less risky than CGCP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INMU | CGCP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 1.02% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.00% | 2.98% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.54% | 3.60% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.62% | 6.28% | -2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.51% | 6.28% | -2.77% |
INMU vs. CGCP - Expense Ratio Comparison
INMU has a 0.30% expense ratio, which is lower than CGCP's 0.34% expense ratio.
Dividends
INMU vs. CGCP - Dividend Comparison
INMU's dividend yield for the trailing twelve months is around 3.41%, less than CGCP's 5.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CGCP Capital Group Core Plus Income ETF | 5.15% | 5.10% | 5.17% | 4.98% | 2.96% | 0.00% |
INMU BlackRock Intermediate Muni Income Bond ETF | 3.41% | 3.48% | 3.47% | 3.44% | 1.92% | 1.14% |
Frequently Asked Questions
INMU and CGCP have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGCP has higher volatility (1.02%) compared to INMU (0.79%). In terms of maximum drawdown, INMU dropped -10.67% vs CGCP's -15.06%.
On 3-year performance, CGCP leads with 4.89% vs 4.27% for INMU. On fees, INMU is cheaper at 0.30% per year. On volatility, INMU has been the lower-risk option at 0.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CGCP has performed better with a 4.89% return vs 4.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
INMU is cheaper with a 0.30% expense ratio, compared with 0.34% for CGCP.
CGCP has the higher dividend yield at 5.15%, compared with 3.41% for INMU.
INMU is categorized as Municipal Bonds, while CGCP is Intermediate Core-Plus Bond. They also come from different issuers: BlackRock and Capital Group. Their fees differ too: 0.30% for INMU and 0.34% for CGCP.
INMU currently has the higher Sharpe Ratio (1.96 vs 0.68), 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.
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