VGMS vs. CGMS
VGMS (Vanguard Multi-Sector Income Bond ETF) and CGMS (Capital Group U.S. Multi-Sector Income ETF) are both Multisector Bonds funds. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. VGMS charges 0.30%/yr vs 0.39%/yr for CGMS.
Performance
VGMS vs. CGMS - Performance Comparison
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Returns By Period
In the year-to-date period, VGMS achieves a 1.06% return, which is significantly lower than CGMS's 1.54% return.
VGMS
- 1D
- -0.36%
- 1M
- 0.29%
- YTD
- 1.06%
- 6M
- 1.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CGMS
- 1D
- -0.25%
- 1M
- 0.56%
- YTD
- 1.54%
- 6M
- 1.68%
- 1Y
- 7.10%
- 3Y*
- 7.92%
- 5Y*
- —
- 10Y*
- —
VGMS vs. CGMS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VGMS Vanguard Multi-Sector Income Bond ETF | 1.06% | 5.44% |
CGMS Capital Group U.S. Multi-Sector Income ETF | 1.54% | 4.85% |
Correlation
The correlation between VGMS and CGMS is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025 | 0.90 |
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Return for Risk
VGMS vs. CGMS — Risk / Return Rank
VGMS
CGMS
VGMS vs. CGMS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Multi-Sector Income Bond ETF (VGMS) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| VGMS | CGMS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.11 | 1.66 | +0.45 |
Drawdowns
VGMS vs. CGMS - Drawdown Comparison
The maximum VGMS drawdown since its inception was -2.46%, smaller than the maximum CGMS drawdown of -4.08%. Use the drawdown chart below to compare losses from any high point for VGMS and CGMS.
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Drawdown Indicators
| VGMS | CGMS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.46% | -4.08% | +1.62% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.47% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.08% | — |
Current DrawdownCurrent decline from peak | -0.39% | -0.25% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -0.31% | -0.67% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.55% | — |
Volatility
VGMS vs. CGMS - Volatility Comparison
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Volatility by Period
| VGMS | CGMS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.15% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.66% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.21% | 3.43% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.21% | 5.13% | -1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.21% | 5.13% | -1.92% |
VGMS vs. CGMS - Expense Ratio Comparison
VGMS has a 0.30% expense ratio, which is lower than CGMS's 0.39% expense ratio.
Dividends
VGMS vs. CGMS - Dividend Comparison
VGMS's dividend yield for the trailing twelve months is around 5.16%, less than CGMS's 6.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CGMS Capital Group U.S. Multi-Sector Income ETF | 6.09% | 6.00% | 5.91% | 5.84% | 0.97% |
VGMS Vanguard Multi-Sector Income Bond ETF | 5.16% | 2.94% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, VGMS and CGMS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VGMS is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGMS is cheaper with a 0.30% expense ratio, compared with 0.39% for CGMS.
CGMS has the higher dividend yield at 6.09%, compared with 5.16% for VGMS.
They also come from different issuers: Vanguard and Capital Group. Their fees differ too: 0.30% for VGMS and 0.39% for CGMS.
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