CGMSvsSMBETF Comparison
VS
Capital Group U.S. Multi-Sector Income ETF (CGMS) belongs to the Intl Aggregate Bonds segment. VanEck Short Muni ETF (SMB) is part of the Municipal Bonds segment. CGMS's top 3 sector exposures are Finance, Technology and Energy. In contrast, SMB's top sector exposures are Municipal. CGMS is more expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.07% for SMB. CGMS is up 0.64% year-to-date (YTD) with +$1.91B in YTD flows. SMB performs better with 1.47% YTD performance, and +$106M in YTD flows. Run a side-by-side ETF comparison of CGMS and SMB 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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CGMS vs SMB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/05/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CGMS SMB | +1.46%+2.08% | -1.08%+0.65% | +0.64%+1.47% | +2.00%+2.03% | +23.83%+10.73% | n/a+6.87% |
| Flows | CGMS SMB | +$163M+$72M | +$346M+$86M | +$1.91B+$106M | +$2.29B+$109M | +$5.56B+$149M | -+$81M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CGMS SMB | +3.35%+2.33% | +3.13%+1.48% | +3.41%+1.43% | n/a+1.54% |
| Max drawdown | CGMS SMB | -2.81%-2.28% | -2.81%-2.49% | -3.76%-2.49% | n/a-6.38% |
| Max drawdown duration | CGMS SMB | 72d77d | 72d247d | 92d247d | n/a995d |
Trading data
CGMS | SMB | |
Last sale 11/6/2026 at 2:30 PM | $26.50 | $17.21 |
| Previous close 11/04/2026 | $26.53 | $17.19 |
| Consolidated volume 11/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of November 8, 2026
1-year trailing difference
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CGMS
is actively managed and doesn’t replicate an indexCGMS | SMB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/6/2026 at 2:30 PM
Live
Closed
CGMS | SMB | |
|---|---|---|
| Last price | $26.50 | $17.21 |
| 1D performance | -0.11% | +0.12% |
| AuM | $5.63 B | $400.07 M |
| E/R | 0.39% | 0.07% |
Characteristics
CGMS | SMB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Capital Group | VanEck |
| Benchmark | - | ICE Short AMT-Free Broad National Municipal Index |
| N° of holdings | 891 | 232 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 25, 2022 | February 22, 2008 |
| ESG | No | No |
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Exposure
Countries
CGMS
USA
65.15%
Other
34.85%
SMB
USA
71.44%
Other
28.56%
Sectors
CGMS
Finance
21.2%
Other
78.8%
SMB
Municipal
71.44%
Other
28.56%
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Diversification
CGMS
Total weight of top 15 holdings out of 15
9.72%
SMB
Total weight of top 15 holdings out of 15
13.31%
Top 15 holdings
Data as of September 30, 2026
CGMS
Capital Group Central Cash Fund
3.35%
USA, Bonds 5% 15may2046, USD
0.94%
RD Michigan Property Owner I, 7.5% 30mar2045, USD
0.58%
US09629LBC81
0.55%
JP Morgan, 5.803% 23jul2041, USD
0.52%
US871044BF95
0.43%
US14315RBQ39
0.42%
Meta Platforms, 4.45% 15aug2052, USD
0.41%
Bank of America Corporation, 5.045% 6feb2037, USD (N)
0.39%
Cloud Software Group, 9% 30sep2029, USD
0.37%
Connect Finco SARL, 9% 15sep2029, USD
0.37%
US05351KAW99
0.36%
MPT Operating Partnership, 8.5% 15feb2032, USD
0.35%
Navient, 5.625% 1aug2033, USD (A)
0.34%
Charter Communications Operating, 3.7% 1apr2051, USD
0.34%
SMB
US64972LAF04
1.02%
US45506EMV29
1.01%
California, 5% 1apr2030, USD
1.01%
US160853VD67
1.00%
Southeast Energy Authority, 4% 1dec2051, USD
0.93%
Massachusetts, 5% 1may2031, USD
0.89%
California, 5% 1oct2031, USD
0.87%
US48542AFE64
0.87%
Illinois, 5.5% 1may2030, USD
0.87%
Maryland, 5% 15mar2032, USD
0.87%
New Jersey, 2% 1jun2030, USD (2021)
0.87%
US64972KKJ33
0.84%
US13078HAY80
0.78%
Massachusetts, 5% 1oct2031, USD (2022)
0.76%
King, 4% 1jul2030, USD
0.72%
Frequently asked questions about CGMS and SMB
How have the CGMS and SMB ETFs performed in 2026?
As of November 5, 2026, CGMS is up 0.64% year-to-date (YTD), while SMB has returned 1.47%. That puts SMB better performer ahead so far this year.
Which ETF is attracting more investor money: CGMS or SMB?
Year-to-date, the CGMS ETF saw +$1.91B in flows, compared to +$106M for SMB.
Which ETF is more volatile: CGMS or SMB?
Over the past year, CGMS had a volatility of 3.13%, while SMB experienced 1.48%.
Which ETF is bigger: CGMS or SMB?
As of November 5, 2026, CGMS holds $5.63 B in assets under management (AUM), while SMB manages $400.07 M.
What sectors do the CGMS and SMB ETFs invest in?
CGMS leans toward sectors like Finance. Meanwhile, SMB focuses on Municipal.
What are the top holdings of the CGMS ETF and SMB ETF?
CGMS top holdings include Capital Group Central Cash Fund, USA, Bonds 5% 15may2046, USD and RD Michigan Property Owner I, 7.5% 30mar2045, USD. SMB holds in its top three: US64972LAF04, US45506EMV29 and California, 5% 1apr2030, USD.
Which ETF is more diversified: CGMS or SMB?
CGMS holds 1372 securities with 9.72% of its assets in the top 15. SMB has 328 securities and a top 15 weight of 13.31%.
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