WTMY vs. CGHM

Last updated Jun 3, 2026

WTMY (WisdomTree High Income Laddered Municipal ETF) and CGHM (Capital Group Municipal High-Income ETF) are both High Yield Muni funds. Both are actively managed. Over the past year, WTMY returned 5.71% vs 9.42% for CGHM. A 0.59 correlation means they provide meaningful diversification when combined. WTMY charges 0.35%/yr vs 0.34%/yr for CGHM.

Performance

WTMY vs. CGHM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree High Income Laddered Municipal ETF (WTMY) and Capital Group Municipal High-Income ETF (CGHM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WTMY achieves a 0.97% return, which is significantly lower than CGHM's 2.65% return.

WTMY

• 1D: 0.00%
• 1M: 0.56%
• YTD: 0.97%
• 6M: 1.23%
• 1Y: 5.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CGHM

• 1D: 0.00%
• 1M: 1.11%
• YTD: 2.65%
• 6M: 3.10%
• 1Y: 9.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WTMY vs. CGHM - Yearly Performance Comparison

	2026 (YTD)	2025
WTMY WisdomTree High Income Laddered Municipal ETF	0.97%	3.68%
CGHM Capital Group Municipal High-Income ETF	2.65%	3.74%

Correlation

The correlation between WTMY and CGHM is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025	0.59

The correlation between WTMY and CGHM has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.

Return for Risk

WTMY vs. CGHM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WTMY

WTMY Risk / Return Rank: 60
WTMY Sharpe Ratio Rank: 66
WTMY Sortino Ratio Rank: 73
WTMY Omega Ratio Rank: 84
WTMY Calmar Ratio Rank: 41
WTMY Martin Ratio Rank: 38

CGHM

CGHM Risk / Return Rank: 85
CGHM Sharpe Ratio Rank: 89
CGHM Sortino Ratio Rank: 92
CGHM Omega Ratio Rank: 94
CGHM Calmar Ratio Rank: 75
CGHM Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WTMY vs. CGHM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree High Income Laddered Municipal ETF (WTMY) and Capital Group Municipal High-Income ETF (CGHM). 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.

	WTMY	CGHM	Difference
Sharpe ratio Return per unit of total volatility	2.26	3.03	-0.77
Sortino ratio Return per unit of downside risk	3.37	4.44	-1.07
Omega ratio Gain probability vs. loss probability	1.52	1.68	-0.17
Calmar ratio Return relative to maximum drawdown	2.05	3.71	-1.66
Martin ratio Return relative to average drawdown	6.19	14.39	-8.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WTMY vs. CGHM - Sharpe Ratio Comparison

The current WTMY Sharpe Ratio is 2.26, which is comparable to the CGHM Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of WTMY and CGHM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WTMY	CGHM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	3.03	-0.77
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	1.15	-0.02

Drawdowns

WTMY vs. CGHM - Drawdown Comparison

The maximum WTMY drawdown since its inception was -3.67%, smaller than the maximum CGHM drawdown of -5.90%. Use the drawdown chart below to compare losses from any high point for WTMY and CGHM.

Drawdown Indicators

	WTMY	CGHM	Difference
Max Drawdown Largest peak-to-trough decline	-3.67%	-5.90%	+2.23%
Max Drawdown (1Y) Largest decline over 1 year	-2.71%	-2.55%	-0.16%
Current Drawdown Current decline from peak	-1.12%	0.00%	-1.12%
Average Drawdown Average peak-to-trough decline	-0.80%	-1.25%	+0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	0.66%	+0.24%

Volatility

WTMY vs. CGHM - Volatility Comparison

The current volatility for WisdomTree High Income Laddered Municipal ETF (WTMY) is 0.92%, while Capital Group Municipal High-Income ETF (CGHM) has a volatility of 1.03%. This indicates that WTMY experiences smaller price fluctuations and is considered to be less risky than CGHM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WTMY	CGHM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.92%	1.03%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	1.85%	2.21%	-0.36%
Volatility (1Y) Calculated over the trailing 1-year period	2.54%	3.12%	-0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.58%	4.53%	-0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.58%	4.53%	-0.95%

WTMY vs. CGHM - Expense Ratio Comparison

WTMY has a 0.35% expense ratio, which is higher than CGHM's 0.34% expense ratio.

Dividends

WTMY vs. CGHM - Dividend Comparison

WTMY's dividend yield for the trailing twelve months is around 3.43%, less than CGHM's 3.80% yield.

Position	TTM	2025	2024
CGHM Capital Group Municipal High-Income ETF	3.80%	3.61%	1.78%
WTMY WisdomTree High Income Laddered Municipal ETF	3.43%	2.56%	0.00%

Frequently Asked Questions

Can I hold both WTMY and CGHM in my portfolio?

WTMY and CGHM 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.

Which is riskier, WTMY or CGHM?

CGHM has higher volatility (1.03%) compared to WTMY (0.92%). In terms of maximum drawdown, WTMY dropped -3.67% vs CGHM's -5.90%.

Which ETF is better, WTMY or CGHM?

On 1-year performance, CGHM leads with 9.42% vs 5.71% for WTMY. On fees, CGHM is cheaper at 0.34% per year. On volatility, WTMY has been the lower-risk option at 0.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WTMY or CGHM?

Over the 1-year period, CGHM has performed better with a 9.42% return vs 5.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WTMY or CGHM?

CGHM is cheaper with a 0.34% expense ratio, compared with 0.35% for WTMY.

Which ETF pays a higher dividend yield, WTMY or CGHM?

CGHM has the higher dividend yield at 3.80%, compared with 3.43% for WTMY.

What is the main difference between WTMY and CGHM?

They also come from different issuers: WisdomTree and Capital Group. Their fees differ too: 0.35% for WTMY and 0.34% for CGHM.

Which has better risk-adjusted returns?

CGHM currently has the higher Sharpe Ratio (3.03 vs 2.26), 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.