IROCvsCGMUETF Comparison
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Invesco Rochester High Yield Municipal ETF (IROC) belongs to the US Aggregate Bonds segment. Capital Group Municipal Income ETF (CGMU) is part of the Municipal Bonds segment. Both ETFs have the same top 1 sector exposures: Municipal. IROC is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.27% for CGMU. IROC is down -0.76% year-to-date (YTD) with +$56M in YTD flows. CGMU performs better with 0.08% YTD performance, and +$2.11B in YTD flows. Run a side-by-side ETF comparison of IROC and CGMU 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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IROC vs CGMU performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IROC CGMU | -1.59%-1.07% | -1.88%-1.36% | -0.76%+0.08% | +1.64%+2.30% | +11.99%+13.11% | n/an/a |
| Flows | IROC CGMU | +$10M+$289M | +$38M+$762M | +$56M+$2.11B | +$131M+$2.88B | +$131M+$6.61B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IROC CGMU | +2.84%+2.23% | +2.47%+2.03% | +3.30%+3.07% | n/an/a |
| Max drawdown | IROC CGMU | -2.92%-1.90% | -2.92%-2.54% | -4.12%-4.07% | n/an/a |
| Max drawdown duration | IROC CGMU | 64d64d | 64d191d | 188d174d | n/an/a |
Trading data
IROC | CGMU | |
Last sale 9/9/2026 at 1:30 PM | $49.51 | $26.68 |
| Previous close 09/08/2026 | $49.64 | $26.77 |
| Consolidated volume 09/08/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/9/2026 at 1:30 PM
Live
Closed
IROC | CGMU | |
|---|---|---|
| Last price | $49.51 | $26.68 |
| 1D performance | -0.26% | -0.34% |
| AuM | $159.02 M | $6.77 B |
| E/R | 0.4% | 0.27% |
Characteristics
IROC | CGMU | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Invesco | Capital Group |
| Benchmark | - | - |
| N° of holdings | 64 | 630 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 12, 2022 | October 25, 2022 |
| ESG | No | No |
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Exposure
Countries
IROC
USA
40.34%
Other
59.66%
CGMU
USA
40.18%
Other
59.82%
Sectors
IROC
Municipal
40.34%
Other
59.66%
CGMU
Municipal
40.18%
Other
59.82%
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Diversification
IROC
Total weight of top 15 holdings out of 15
18.68%
CGMU
Total weight of top 15 holdings out of 15
6.97%
Top 15 holdings
Data as of July 31, 2026
IROC
US121342PQ61
1.53%
US647370EK77
1.53%
Washington Suburban Sanitary District, FRN 1jun2027, USD
1.53%
US20775DTU62
1.53%
Black Belt Energy Gas District, 5% 1nov2036, USD (2026)
1.19%
US20775DU831
1.16%
US83704HAM97
1.16%
Central Plains Energy Gas Project, 5% 1sep2042, USD (2017A)
1.16%
Lake Retirement Facility, 5.75% 15aug2055, USD (2020A)
1.15%
US63608TBQ22
1.15%
Bucks Industrial Development Authority, 5% 1jul2054, USD (2021)
1.13%
Massachusetts Development Finance Agency, 5.375% 1jul2061, USD (2026A)
1.12%
US13059TFH77
1.11%
Massachusetts Development Finance Agency, 5% 1jan2047, USD
1.11%
US928097AA20
1.11%
CGMU
Puerto Rico, FRN 1nov2043, USD
0.80%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.67%
New York Municipal Water Finance Authority, FRN 15jun2053, USD (2023)
0.56%
City of New York, 9% 15aug2015, USD
0.54%
Black Belt Energy Gas District, 5.25% 1jun2036, USD (2026)
0.51%
New York Municipal Water Finance Authority, FRN 15jun2050, USD
0.46%
US6133408D38
0.44%
California Community Choice Financing Authority, 5% 1jun2036, USD (2026F)
0.43%
Black Belt Energy Gas District, 5% 1jul2033, USD (2026)
0.42%
US57421CLT98
0.39%
US13034A7F19
0.38%
US89602RKE44
0.36%
Texas Municipal Gas Acquisition and Supply Corp., 5.25% 1mar2037, USD (2026A)
0.35%
New Jersey Health Care Facilities Financing Authority, 5% 1jul2029, USD (2026A)
0.33%
Puerto Rico, FRN 1nov2051, USD
0.33%
Frequently asked questions about IROC and CGMU
How have the IROC and CGMU ETFs performed in 2026?
As of September 8, 2026, IROC is down -0.76% year-to-date (YTD), while CGMU has returned 0.08%. That puts CGMU better performer ahead so far this year.
Which ETF is attracting more investor money: IROC or CGMU?
Year-to-date, the IROC ETF saw +$56M in flows, compared to +$2.11B for CGMU.
Which ETF is more volatile: IROC or CGMU?
Over the past year, IROC had a volatility of 2.47%, while CGMU experienced 2.03%.
Which ETF is bigger: IROC or CGMU?
As of September 8, 2026, IROC holds $159.02 M in assets under management (AUM), while CGMU manages $6.77 B.
What sectors do the IROC and CGMU ETFs invest in?
IROC leans toward sectors like Municipal. Meanwhile, CGMU focuses on Municipal.
What are the top holdings of the IROC ETF and CGMU ETF?
IROC top holdings include US121342PQ61, US647370EK77 and Washington Suburban Sanitary District, FRN 1jun2027, USD. CGMU holds in its top three: Puerto Rico, FRN 1nov2043, USD, Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD and New York Municipal Water Finance Authority, FRN 15jun2053, USD (2023).
Which ETF is more diversified: IROC or CGMU?
IROC holds 155 securities with 18.68% of its assets in the top 15. CGMU has 2218 securities and a top 15 weight of 6.97%.
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