CGHMvsTFIETF Comparison
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Capital Group Municipal High-Income ETF (CGHM) and State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. CGHM is more expensive with a Total Expense Ratio (TER) of 0.34%, versus 0.23% for TFI. CGHM is down -1.27% year-to-date (YTD) with +$1.21B in YTD flows. TFI performs worse with -2.49% YTD performance, and +$84M in YTD flows. Run a side-by-side ETF comparison of CGHM and TFI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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CGHM vs TFI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CGHM TFI | -0.63%-0.28% | -3.99%-3.60% | -1.27%-2.49% | -0.65%-1.96% | n/a+9.22% | n/a-3.38% |
| Flows | CGHM TFI | +$300M-$11M | +$501M-$6M | +$1.21B+$84M | +$1.42B-$246M | --$201M | --$289M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CGHM TFI | +5.57%+5.46% | +3.65%+3.39% | n/a+4.11% | n/a+4.15% |
| Max drawdown | CGHM TFI | -6.27%-6.18% | -6.96%-7.00% | n/a-7.00% | n/a-14.88% |
| Max drawdown duration | CGHM TFI | 92d92d | 110d229d | n/a229d | n/a1513d |
Trading data
CGHM | TFI | |
Last sale 10/16/2026 at 1:30 PM | $24.42 | $43.33 |
| Previous close 10/15/2026 | $24.43 | $43.31 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 18, 2026
1-year trailing difference
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CGHM
is actively managed and doesn’t replicate an indexCGHM | TFI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
CGHM | TFI | |
|---|---|---|
| Last price | $24.42 | $43.33 |
| 1D performance | -0.04% | +0.05% |
| AuM | $3.56 B | $2.94 B |
| E/R | 0.34% | 0.23% |
Characteristics
CGHM | TFI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Capital Group | State Street Investment Management |
| Benchmark | - | ICE 1+ Year AMT-Free Broad Municipal Index |
| N° of holdings | 845 | 813 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 25, 2024 | September 11, 2007 |
| ESG | No | No |
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Exposure
Countries
CGHM
USA
45.11%
Other
54.89%
TFI
USA
42.6%
Other
57.4%
Sectors
CGHM
Municipal
45.11%
Other
54.89%
TFI
Municipal
42.6%
Other
57.4%
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Diversification
CGHM
Total weight of top 15 holdings out of 15
7.41%
TFI
Total weight of top 15 holdings out of 15
2.91%
Top 15 holdings
Data as of August 31, 2026
CGHM
Puerto Rico, FRN 1nov2043, USD
1.31%
Puerto Rico, FRN 1nov2051, USD
0.86%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.61%
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
0.53%
US419800PW17
0.50%
Chicago Board of Education, 5% 1dec2042, USD (2012A)
0.44%
Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A)
0.43%
Puerto Rico Aqueduct and Sewer Authority, 5% 1jul2047, USD (2020A)
0.42%
City of New York, FRN 1apr2042, USD
0.35%
Capital Trust Agency, 5% 1jul2056, USD (2021A-1)
0.34%
Black Belt Energy Gas District, 5% 1jun2036, USD (2026)
0.33%
US45203HAH57
0.33%
US83703FLR19
0.33%
Kentucky Public Energy Authority, 5% 1jun2034, USD (2026)
0.32%
New York Transportation Development Corp., 5% 1oct2040, USD (2020)
0.31%
TFI
California, 5% 1nov2027, USD
0.23%
Triborough Bridge and Tunnel Authority, 5% 15nov2028, USD (2023B)
0.20%
US91412HWK57
0.20%
US64972GE598
0.20%
State of Washington, 5% 1feb2028, USD (2024A)
0.20%
US373385LV30
0.20%
US574193VL92
0.20%
US55844RWX87
0.20%
US574204S201
0.19%
US677523KE13
0.19%
US764581KP80
0.19%
California, 5% 1nov2032, USD
0.18%
California Community Choice Financing Authority, 5% 1may2054, USD (2024A)
0.18%
US010831EC55
0.18%
US207758N749
0.17%
Frequently asked questions about CGHM and TFI
How have the CGHM and TFI ETFs performed in 2026?
As of October 16, 2026, CGHM is down -1.27% year-to-date (YTD), while TFI has lost -2.49%. That puts CGHM better performer ahead so far this year.
Which ETF is attracting more investor money: CGHM or TFI?
Year-to-date, the CGHM ETF saw +$1.21B in flows, compared to +$84M for TFI.
Which ETF is more volatile: CGHM or TFI?
Over the past year, CGHM had a volatility of 3.65%, while TFI experienced 3.39%.
Which ETF is bigger: CGHM or TFI?
As of October 16, 2026, CGHM holds $3.56 B in assets under management (AUM), while TFI manages $2.94 B.
What sectors do the CGHM and TFI ETFs invest in?
CGHM leans toward sectors like Municipal. Meanwhile, TFI focuses on Municipal.
What are the top holdings of the CGHM ETF and TFI ETF?
CGHM top holdings include Puerto Rico, FRN 1nov2043, USD, Puerto Rico, FRN 1nov2051, USD and Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD. TFI holds in its top three: California, 5% 1nov2027, USD, Triborough Bridge and Tunnel Authority, 5% 15nov2028, USD (2023B) and US91412HWK57.
Which ETF is more diversified: CGHM or TFI?
CGHM holds 2608 securities with 7.41% of its assets in the top 15. TFI has 1916 securities and a top 15 weight of 2.91%.
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