CGSMvsFTMAETF Comparison
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Capital Group Short Duration Municipal Income ETF (CGSM) and Franklin Massachusetts Municipal Income ETF (FTMA) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. CGSM is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.35% for FTMA. CGSM is up 0.69% year-to-date (YTD) with +$655M in YTD flows. FTMA performs worse with -2.95% YTD performance, and +$61M in YTD flows. Run a side-by-side ETF comparison of CGSM and FTMA 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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CGSM vs FTMA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CGSM FTMA | -0.78%-2.80% | -0.58%-4.14% | +0.69%-2.95% | +1.24%n/a | n/an/a | n/an/a |
| Flows | CGSM FTMA | +$31M+$13M | +$387M+$11M | +$655M+$61M | +$789M- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CGSM FTMA | +1.26%+3.59% | +1.47%n/a | n/an/a | n/an/a |
| Max drawdown | CGSM FTMA | -0.88%-4.76% | -1.36%n/a | n/an/a | n/an/a |
| Max drawdown duration | CGSM FTMA | 21d77d | 116dn/a | n/an/a | n/an/a |
Trading data
CGSM | FTMA | |
Last sale 9/16/2026 at 2:28 PM | $26.06 | $8.70 |
| Previous close 09/15/2026 | $26.04 | $8.69 |
| Consolidated volume 09/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/16/2026 at 2:28 PM
Live
Closed
CGSM | FTMA | |
|---|---|---|
| Last price | $26.06 | $8.70 |
| 1D performance | +0.08% | +0.12% |
| AuM | $1.59 B | $291.26 M |
| E/R | 0.25% | 0.35% |
Characteristics
CGSM | FTMA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Capital Group | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 238 | 45 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 26, 2023 | November 10, 2025 |
| ESG | No | No |
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Exposure
Countries
CGSM
USA
30.86%
Other
69.14%
FTMA
USA
31.32%
Other
68.68%
Sectors
CGSM
Municipal
30.86%
Other
69.14%
FTMA
Municipal
31.32%
Other
68.68%
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Diversification
CGSM
Total weight of top 15 holdings out of 15
11.66%
FTMA
Total weight of top 15 holdings out of 15
24.01%
Top 15 holdings
Data as of July 31, 2026
CGSM
US650028E821
1.14%
US574193XS28
1.04%
US34153QZG45
1.02%
US83703FLR19
1.01%
US373385QZ98
1.01%
Triborough Bridge and Tunnel Authority, 5% 1feb2028, USD (2026A)
0.84%
US91412HWB58
0.74%
PEFA Inc., 5% 1sep2049, USD (2019)
0.65%
US57421CLT98
0.64%
Virginia College Building Authority, 5% 1feb2032, USD
0.63%
US48542TBS87
0.62%
US74440DFN93
0.60%
Black Belt Energy Gas District, 5% 1jun2031, USD (2026)
0.59%
US254773BN34
0.57%
University of Michigan, FRN 1apr2042, USD (2012B)
0.56%
FTMA
US57604TMC70
2.15%
Massachusetts Development Finance Agency, 5.75% 1jan2042, USD
2.10%
US57582TDX72
1.89%
US5755793L99
1.88%
Massachusetts, 5% 1jan2054, USD (2024)
1.87%
US575579B979
1.65%
Massachusetts Development Finance Agency, 4% 1oct2045, USD
1.58%
Massachusetts Development Finance Agency, 5.5% 15aug2050, USD (2025A)
1.57%
US57586N6R72
1.47%
Massachusetts, 5% 1jun2050, USD (2022)
1.47%
US661802WH79
1.38%
US111746KV47
1.29%
Massachusetts Bay Transportation Authority, 5% 1jul2052, USD
1.26%
US57585BEY02
1.25%
US57584YL648
1.20%
Frequently asked questions about CGSM and FTMA
How have the CGSM and FTMA ETFs performed in 2026?
As of September 15, 2026, CGSM is up 0.69% year-to-date (YTD), while FTMA has lost -2.95%. That puts CGSM better performer ahead so far this year.
Which ETF is attracting more investor money: CGSM or FTMA?
Year-to-date, the CGSM ETF saw +$655M in flows, compared to +$61M for FTMA.
Which ETF is bigger: CGSM or FTMA?
As of September 15, 2026, CGSM holds $1.59 B in assets under management (AUM), while FTMA manages $291.26 M.
What sectors do the CGSM and FTMA ETFs invest in?
CGSM leans toward sectors like Municipal. Meanwhile, FTMA focuses on Municipal.
What are the top holdings of the CGSM ETF and FTMA ETF?
CGSM top holdings include US650028E821, US574193XS28 and US34153QZG45. FTMA holds in its top three: US57604TMC70, Massachusetts Development Finance Agency, 5.75% 1jan2042, USD and US57582TDX72.
Which ETF is more diversified: CGSM or FTMA?
CGSM holds 1018 securities with 11.66% of its assets in the top 15. FTMA has 181 securities and a top 15 weight of 24.01%.
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Latest news about CGSM & FTMA
A Close Look at Capital Group's 5 New Active ETFs Listed on NYSE ARCA
October 26, 2023
CGSM
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