Correlation
The correlation between JOJO and CGMS is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
JOJO vs. CGMS
Compare and contrast key facts about ATAC Credit Rotation ETF (JOJO) and Capital Group U.S. Multi-Sector Income ETF (CGMS).
JOJO and CGMS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JOJO is an actively managed fund by ATAC. It was launched on Jul 15, 2021. 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: JOJO or CGMS.
Performance
JOJO vs. CGMS - Performance Comparison
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Key characteristics
JOJO:
1.29
CGMS:
1.44
JOJO:
1.77
CGMS:
2.04
JOJO:
1.26
CGMS:
1.28
JOJO:
0.52
CGMS:
1.77
JOJO:
5.16
CGMS:
7.41
JOJO:
2.53%
CGMS:
0.97%
JOJO:
10.39%
CGMS:
5.01%
JOJO:
-28.42%
CGMS:
-4.08%
JOJO:
-14.62%
CGMS:
-0.42%
Returns By Period
In the year-to-date period, JOJO achieves a 2.85% return, which is significantly higher than CGMS's 1.69% return.
JOJO
2.85%
1.57%
2.46%
12.69%
1.76%
N/A
N/A
CGMS
1.69%
1.08%
1.04%
6.71%
N/A
N/A
N/A
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JOJO vs. CGMS - Expense Ratio Comparison
JOJO has a 1.28% expense ratio, which is higher than CGMS's 0.39% expense ratio.
Risk-Adjusted Performance
JOJO vs. CGMS — Risk-Adjusted Performance Rank
JOJO
CGMS
JOJO vs. CGMS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ATAC Credit Rotation ETF (JOJO) 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.
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Dividends
JOJO vs. CGMS - Dividend Comparison
JOJO's dividend yield for the trailing twelve months is around 4.70%, less than CGMS's 5.35% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
JOJO ATAC Credit Rotation ETF | 4.70% | 4.88% | 4.30% | 3.64% | 2.54% |
CGMS Capital Group U.S. Multi-Sector Income ETF | 5.35% | 5.91% | 5.84% | 0.97% | 0.00% |
Drawdowns
JOJO vs. CGMS - Drawdown Comparison
The maximum JOJO drawdown since its inception was -28.42%, which is greater than CGMS's maximum drawdown of -4.08%. Use the drawdown chart below to compare losses from any high point for JOJO and CGMS.
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Volatility
JOJO vs. CGMS - Volatility Comparison
ATAC Credit Rotation ETF (JOJO) has a higher volatility of 1.50% compared to Capital Group U.S. Multi-Sector Income ETF (CGMS) at 1.16%. This indicates that JOJO'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.
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