CGSMvsMBNDETF Comparison
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Capital Group Short Duration Municipal Income ETF (CGSM) and State Street SPDR Nuveen Municipal Bond ETF (MBND) 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 0.4% for MBND. CGSM is up 0.66% year-to-date (YTD) with +$655M in YTD flows. MBND performs worse with -2.02% YTD performance, and - in YTD flows. Run a side-by-side ETF comparison of CGSM and MBND 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 MBND performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CGSM MBND | -0.81%-2.26% | -0.65%-2.98% | +0.66%-2.02% | +1.14%-0.92% | n/a+9.05% | n/a-0.64% |
| Flows | CGSM MBND | +$31M- | +$387M- | +$655M- | +$789M-$1M | --$18M | --$15M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CGSM MBND | +1.26%+2.81% | +1.47%+2.25% | n/a+3.56% | n/a+3.37% |
| Max drawdown | CGSM MBND | -0.91%-3.30% | -1.36%-3.62% | n/a-5.17% | n/a-13.55% |
| Max drawdown duration | CGSM MBND | 22d72d | 116d199d | n/a190d | n/a1451d |
Trading data
CGSM | MBND | |
Last sale 9/17/2026 at 3:12 PM | $26.06 | $26.21 |
| Previous close 09/16/2026 | $26.03 | $26.21 |
| Consolidated volume 09/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/17/2026 at 3:12 PM
Live
Closed
CGSM | MBND | |
|---|---|---|
| Last price | $26.06 | $26.21 |
| 1D performance | +0.12% | +0.00% |
| AuM | $1.59 B | $26.36 M |
| E/R | 0.25% | 0.4% |
Characteristics
CGSM | MBND | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Capital Group | State Street Investment Management |
| Benchmark | - | - |
| N° of holdings | 238 | 23 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 26, 2023 | February 4, 2021 |
| ESG | No | No |
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Exposure
Countries
CGSM
USA
30.86%
Other
69.14%
MBND
USA
28.34%
Other
71.66%
Sectors
CGSM
Municipal
30.86%
Other
69.14%
MBND
Municipal
28.34%
Other
71.66%
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Diversification
CGSM
Total weight of top 15 holdings out of 15
11.66%
MBND
Total weight of top 15 holdings out of 15
36.72%
Top 15 holdings
Data as of July 31, 2026
CGSM
US650028E821
1.14%
US574193XS28
1.04%
US34153QZG45
1.02%
US373385QZ98
1.01%
US83703FLR19
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%
Puerto Rico, FRN 1nov2043, USD
0.56%
MBND
US040664NJ98
2.92%
US91756SAR40
2.83%
US64971PKD68
2.74%
New Mexico, 4% 1aug2039, USD (2017A)
2.73%
US797661G828
2.55%
Southeast Energy Authority, 5% 1nov2035, USD (2024A)
2.49%
US896032AK58
2.43%
US649451KJ96
2.42%
California Community Choice Financing Authority, 5% 1sep2032, USD (2024E)
2.38%
US56035DGB29
2.37%
US346843PW94
2.33%
Georgia Municipal Electric Authority, 5% 1jan2048, USD (2019B)
2.26%
US679111E426
2.18%
US677561KM32
2.06%
Arkansas Development Finance Authority, 5.45% 1sep2052, USD (2022)
2.03%
Frequently asked questions about CGSM and MBND
How have the CGSM and MBND ETFs performed in 2026?
As of September 16, 2026, CGSM is up 0.66% year-to-date (YTD), while MBND has lost -2.02%. That puts CGSM better performer ahead so far this year.
Which ETF is attracting more investor money: CGSM or MBND?
Year-to-date, the CGSM ETF saw +$655M in flows, compared to - for MBND.
Which ETF is more volatile: CGSM or MBND?
Over the past year, CGSM had a volatility of 1.47%, while MBND experienced 2.25%.
Which ETF is bigger: CGSM or MBND?
As of September 16, 2026, CGSM holds $1.59 B in assets under management (AUM), while MBND manages $26.36 M.
What sectors do the CGSM and MBND ETFs invest in?
CGSM leans toward sectors like Municipal. Meanwhile, MBND focuses on Municipal.
What are the top holdings of the CGSM ETF and MBND ETF?
CGSM top holdings include US650028E821, US574193XS28 and US34153QZG45. MBND holds in its top three: US040664NJ98, US91756SAR40 and US64971PKD68.
Which ETF is more diversified: CGSM or MBND?
CGSM holds 1018 securities with 11.66% of its assets in the top 15. MBND has 73 securities and a top 15 weight of 36.72%.
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Latest news about CGSM & MBND
A Close Look at Capital Group's 5 New Active ETFs Listed on NYSE ARCA
October 26, 2023
CGSM
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