Which returned more over the last year, CGHM or HYD?

In the year to Oct 28, 2026, with distributions reinvested, CGHM returned +0.7% and HYD +1.0%.

Which is cheaper, CGHM or HYD?

HYD is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

CGHM vs HYD: Differences, Returns & Fees

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CGHM's duration was 6.5 years on Jun 30, 2026 and HYD's 6.6 on Jul 31, 2026; HYD charges 0.32% to CGHM's 0.34%.

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Net assets on Oct 27, 2026: $3.7bn for Capital Group Municipal High-Income ETF and $4.5bn for VanEck High Yield Muni ETF.

CGHM on its own →HYD on its own →

At a glance

+0.7%

CGHM total return, 1 year

+1.0%

HYD total return, 1 year

0.34%

CGHM expense ratio

0.32%

HYD expense ratio

Pair scorecard

HYD costs 0.02 points a year less; their one-year returns differ by 0.3 points; HYD is 1.2 times larger.

CGHM vs HYD: Differences, Returns & Fees
Measure	CGHM	HYD
Return
Measure	CGHM	HYD
Total return, 1 year	+0.7%	+1.0%
Drawdown
Measure	CGHM	HYD
Below its high	3.5%, high on Jul 2, 2026	4.0%, high on Aug 3, 2021
Benchmark
Measure	CGHM	HYD
What it tracks	No index, actively managed	ICE Broad High Yield Crossover Municipal Index
Cost and size
Measure	CGHM	HYD
Expense ratio	0.34%	0.32%
Net assets, as of Oct 27, 2026	$3.7bn	$4.5bn
Holdings
Measure	CGHM	HYD
Holdings in common	18%

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method

Risk and return

Jul 5, 2024 to Oct 23, 2026 · 120 weekly returns

CGHM HYD

Return

Total return edge CGHM +7.0% +4.3%

Annualized edge CGHM +3.0% +1.8%

Price return edge CGHM −1.8% −5.4%

Risk

Volatility edge CGHM (slight) 5.4% 5.6%

Max drawdown edge Tie −6.1% −6.1%

Risk-adjusted

Sharpe edge CGHM −0.20 −0.39

Sortino edge CGHM −0.24 −0.48

Calmar edge CGHM 0.48 0.30

Reading

CGHM returned more: +7.0% to +4.3%. CGHM swung slightly less: 5.4% to 5.6%. CGHM and HYD fell about the same at their worst: −6.1% and −6.1%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: CGHM vs HYD: Differences, Returns & Fees
Measure	CGHM	HYD	Edge	How it is measured
Return
Total return	+7.0%	+4.3%	CGHM	Price change plus distributions, reinvested.
Annualized	+3.0%	+1.8%	CGHM	Total return as a yearly rate.
Price return	−1.8%	−5.4%	CGHM	Price change alone, distributions left out.
Risk
Volatility	5.4%	5.6%	CGHM (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	4.5%	4.6%	Tie	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−6.1%	−6.1%	Tie	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.20	−0.39	CGHM	Return above Treasury bills per unit of volatility.
Sortino	−0.24	−0.48	CGHM	Return above Treasury bills per unit of downside deviation.
Calmar	0.48	0.30	CGHM	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 120 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

18%

By the books each fund has filed, CGHM and HYD hold 18% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

18% in common

Positions both hold · largest shared weight first CGHM HYD

PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2046 0.50% 0.98%

PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2058 0.28% 0.44%

CHICAGO IL BRD OF EDU, due Dec 1, 2042 0.27% 0.79%

PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2040 0.65% 0.27%

HOUSTON TX ARPT SYS REVENUE, due Jul 15, 2041 0.27% 0.45%

NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE, due Oct 1, 2045 0.22% 0.33%

BROOKLYN ARENA NY LOCAL DEV CORP PILOT REVENUE, due Jul 15, 2042 0.26% 0.21%

BERKS CNTY PA MUNI AUTH, due Jun 30, 2039 0.25% 0.21%

CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE, due Jan 1, 2065 0.21% 0.31%

LUCAS CNTY OH HOSP REVENUE, due Nov 15, 2048 0.31% 0.20%

FLORIDA ST DEV FIN CORP, due Jul 1, 2053 0.19% 0.44%

MOBILE CNTY AL INDL DEV AUTH SOL WST DISP REVENUE, due Dec 1, 2054 0.41% 0.18%

Only in one fund ↓

Only in CGHM

PUERTO RICO CMWLTH, due Nov 1, 2043 1.12%

PUERTO RICO CMWLTH, due Nov 1, 2051 0.89%

NEW YORK NY, due Mar 1, 2042 0.49%

BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE, due Jun 1, 2036 0.35%

ILLINOIS ST FIN AUTH REVENUE, due Aug 1, 2044 0.35%

SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP REVENUE, due May 1, 2048 0.34%

SAN FRANCISCO CITY & CNTY CA PUBLIC UTILS COMMISSION WSTWTR, due Oct 1, 2049 0.33%

KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE, due Jun 1, 2034 0.33%

Only in HYD

TOBACCO SETTLEMENT FING CORP NJ, due Jun 1, 2046 0.71%

FLORIDA ST DEV FIN CORP, due Jul 1, 2047 0.39%

NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE, due Nov 15, 2044 0.39%

CALIFORNIA STWD CMNTYS DEV AUTH REVENUE, due Dec 1, 2041 0.38%

KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE, due Jun 1, 2055 0.31%

DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE, due Nov 1, 2046 0.31%

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE, due May 1, 2054 0.27%

COLORADO ST HLTH FACS AUTH REVENUE, due Sep 1, 2029 0.26%

Check overlap with more funds →

Side by side

CGHM Capital Group Municipal High-Income ETF HYD VanEck High Yield Muni ETF

Where it sits Bond ETF Bond ETF

Issuer Capital Group VanEck

What it is Actively managed Tracks an index

Total return, 1 year +0.7% +1.0%

Expense ratio 0.34% 0.32%

Holdings 3495 2147

Net assets, as of Oct 27, 2026 $3.7bn $4.5bn

CGHM and HYD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-8EE910B728

CGHM and HYD are built for the same job. How do they differ in cost, holdings and results?

What each follows. CGHM follows No index, actively managed and HYD follows ICE Broad High Yield Crossover Municipal Index.
Holdings in common. 18% of the weight is in the same securities (holdings dated Jun 30, 2026 and Jul 31, 2026).
One-year total return (similar). Over 1 year to Oct 28, 2026 CGHM returned +0.7% and HYD +1.0% with distributions reinvested, a gap of 0.3 points.

Data as of Oct 28, 2026.

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About each fund

CGHM

CGHM is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +0.7% with distributions reinvested. The prospectus expense ratio is 0.34% a year. It sat 3.5% below its high of Jul 2, 2026 on Oct 28, 2026.

HYD

HYD tracks an index. Over the year to Oct 28, 2026 it returned +1.0% with distributions reinvested. The prospectus expense ratio is 0.32% a year. It sat 4.0% below its high of Aug 3, 2021 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, CGHM or HYD?: In the year to Oct 28, 2026, with distributions reinvested, CGHM returned +0.7% and HYD +1.0%.
Which is cheaper, CGHM or HYD?: HYD is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

CGHM vs HIMU CGHM vs FMHI CGHM vs HYMB HYD vs HYMB HIMU vs HYD FMHI vs HYD

Where to next

CGHM on its own →HYD on its own →Hold both: look the portfolio through →Rankings →CGHM dividend history →CGHM holdings →HYD dividend history →HYD holdings →Standards and sources →

Sources and dates

CGHM filings on SEC EDGAR ↗

CGHM prospectus with the expense ratio (SEC) ↗

Capital Group page for CGHM ↗

HYD filings on SEC EDGAR ↗

HYD prospectus with the expense ratio (SEC) ↗

VanEck website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, CGHM against HYD, data as of Oct 28, 2026. https://etfiq.com/compare/any/cghm-vs-hyd

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.