PYLD vs. CGMS
Compare and contrast key facts about PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) and Capital Group U.S. Multi-Sector Income ETF (CGMS).
PYLD and CGMS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PYLD is an actively managed fund by PIMCO. It was launched on Jun 21, 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: PYLD or CGMS.
Performance
PYLD vs. CGMS - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with PYLD having a 6.69% return and CGMS slightly higher at 6.74%.
PYLD
6.69%
0.21%
5.16%
11.36%
N/A
N/A
CGMS
6.74%
0.19%
4.59%
11.67%
N/A
N/A
Key characteristics
| PYLD | CGMS | |
|---|---|---|
| Sharpe Ratio | 2.95 | 2.40 |
| Sortino Ratio | 4.47 | 3.61 |
| Omega Ratio | 1.61 | 1.46 |
| Calmar Ratio | 5.47 | 5.99 |
| Martin Ratio | 15.75 | 17.74 |
| Ulcer Index | 0.72% | 0.65% |
| Daily Std Dev | 3.84% | 4.80% |
| Max Drawdown | -4.52% | -3.79% |
| Current Drawdown | -1.20% | -0.96% |
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PYLD vs. CGMS - Expense Ratio Comparison
PYLD has a 0.55% expense ratio, which is higher than CGMS's 0.39% expense ratio.
Correlation
The correlation between PYLD and CGMS is 0.80, 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.
Risk-Adjusted Performance
PYLD vs. CGMS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) 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
PYLD vs. CGMS - Dividend Comparison
PYLD's dividend yield for the trailing twelve months is around 5.73%, less than CGMS's 5.85% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
PYLD PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund | 5.73% | 2.72% | 0.00% |
CGMS Capital Group U.S. Multi-Sector Income ETF | 5.85% | 5.84% | 0.97% |
Drawdowns
PYLD vs. CGMS - Drawdown Comparison
The maximum PYLD drawdown since its inception was -4.52%, which is greater than CGMS's maximum drawdown of -3.79%. Use the drawdown chart below to compare losses from any high point for PYLD and CGMS. For additional features, visit the drawdowns tool.
Volatility
PYLD vs. CGMS - Volatility Comparison
The current volatility for PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) is 1.18%, while Capital Group U.S. Multi-Sector Income ETF (CGMS) has a volatility of 1.67%. This indicates that PYLD experiences smaller price fluctuations and is considered to be less risky than CGMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.