CGSMvsMMITETF Comparison
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Capital Group Short Duration Municipal Income ETF (CGSM) and NYLI MacKay Muni Intermediate ETF (MMIT) 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 0.48% for MMIT. CGSM is up 0.66% year-to-date (YTD) with +$655M in YTD flows. MMIT performs worse with -1.47% YTD performance, and +$201M in YTD flows. Run a side-by-side ETF comparison of CGSM and MMIT 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 MMIT 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 MMIT | -0.81%-2.30% | -0.65%-2.98% | +0.66%-1.47% | +1.14%-0.17% | n/a+9.24% | n/a+2.49% |
| Flows | CGSM MMIT | +$31M+$7M | +$387M+$53M | +$655M+$201M | +$789M+$398M | -+$1.01B | -+$1.31B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CGSM MMIT | +1.26%+2.69% | +1.47%+2.14% | n/a+2.94% | n/a+2.97% |
| Max drawdown | CGSM MMIT | -0.91%-3.35% | -1.36%-3.52% | n/a-3.83% | n/a-11.87% |
| Max drawdown duration | CGSM MMIT | 22d72d | 116d199d | n/a178d | n/a997d |
Trading data
CGSM | MMIT | |
Last sale 9/17/2026 at 3:12 PM | $26.06 | $23.44 |
| Previous close 09/16/2026 | $26.03 | $23.40 |
| 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 | MMIT | |
|---|---|---|
| Last price | $26.06 | $23.44 |
| 1D performance | +0.12% | +0.15% |
| AuM | $1.59 B | $1.45 B |
| E/R | 0.25% | 0.48% |
Characteristics
CGSM | MMIT | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Capital Group | New York Life Investments |
| Benchmark | - | - |
| N° of holdings | 238 | 193 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 26, 2023 | October 18, 2017 |
| ESG | No | No |
Exposure
Countries
CGSM
USA
30.86%
Other
69.14%
MMIT
USA
31.45%
Other
68.55%
Sectors
CGSM
Municipal
30.86%
Other
69.14%
MMIT
Municipal
31.45%
Other
68.55%
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Diversification
CGSM
Total weight of top 15 holdings out of 15
11.66%
MMIT
Total weight of top 15 holdings out of 15
10.56%
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%
MMIT
City of New York, 5.125% 15nov2011, USD
1.03%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
1.00%
Los Angeles Department of Water and Power, 5% 1jul2041, USD (2026)
0.91%
Minnesota Municipal Gas Energy, 5% 1sep2035, USD (2026A)
0.90%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.90%
US70879QQA49
0.86%
Black Belt Energy Gas District, 4% 1oct2052, USD
0.63%
US850578UC77
0.62%
Chicago Board of Education, 6% 1apr2046, USD (2017)
0.59%
Phoenix Industrial Development Authority, 5% 31oct2044, USD (2024)
0.57%
US09182TFT97
0.56%
US74440DFC39
0.53%
US56035DJJ28
0.52%
Main Street Natural Gas Inc., 5% 1dec2052, USD (2022B)
0.47%
National Finance Authority, 4.25% 20jul2041, USD (2026-1, A-1)
0.47%
Frequently asked questions about CGSM and MMIT
How have the CGSM and MMIT ETFs performed in 2026?
As of September 16, 2026, CGSM is up 0.66% year-to-date (YTD), while MMIT has lost -1.47%. That puts CGSM better performer ahead so far this year.
Which ETF is attracting more investor money: CGSM or MMIT?
Year-to-date, the CGSM ETF saw +$655M in flows, compared to +$201M for MMIT.
Which ETF is more volatile: CGSM or MMIT?
Over the past year, CGSM had a volatility of 1.47%, while MMIT experienced 2.14%.
Which ETF is bigger: CGSM or MMIT?
As of September 16, 2026, CGSM holds $1.59 B in assets under management (AUM), while MMIT manages $1.45 B.
What sectors do the CGSM and MMIT ETFs invest in?
CGSM leans toward sectors like Municipal. Meanwhile, MMIT focuses on Municipal.
What are the top holdings of the CGSM ETF and MMIT ETF?
CGSM top holdings include US650028E821, US574193XS28 and US34153QZG45. MMIT holds in its top three: City of New York, 5.125% 15nov2011, USD, Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD and Los Angeles Department of Water and Power, 5% 1jul2041, USD (2026).
Which ETF is more diversified: CGSM or MMIT?
CGSM holds 1018 securities with 11.66% of its assets in the top 15. MMIT has 854 securities and a top 15 weight of 10.56%.
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Latest news about CGSM & MMIT
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