Which returned more over the last year, CGMM or MLRG?

In the year to Oct 20, 2026, with distributions reinvested, CGMM returned +11.1% and MLRG +15.5%.

Which is cheaper, CGMM or MLRG?

MLRG is cheaper, by 0.48 percentage points a year. That is about $48 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do CGMM and MLRG overlap with the S&P 500?

By their latest filed holdings, 45% of CGMM and 96% of MLRG by weight is stocks the S&P 500 already holds.

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CGMM vs MLRG: Differences, Returns & Fees

CGMM and MLRG hold 3% of their weight in the same names, and MLRG returned +15.5% over the year. Net assets: $3.5bn on Oct 19, 2026 for Capital Group U.S. Small and Mid Cap ETF, and $1.3bn on Oct 20, 2026 for iShares MSCI USA ETF.

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Answers cite the figures on this page.

MLRG costs 0.48 points a year less; their one-year returns differ by 4.4 points; CGMM is 2.7 times larger.

CGMM vs MLRG: Differences, Returns & Fees
	CGMM	MLRG
Expense ratio	0.51%	0.03%
Net assets, as of Oct 19, 2026	$3.5bn	$1.3bn
Total return, 1 year	+11.1%	+15.5%
What it tracks	No index, actively managed	MSCI USA Index
Holdings in common	3%
Top ten holdings, share of the fund	18.7%	37.8%
Below its high	6.8%, high on Aug 13, 2026

Holdings in common uses holdings dated May 31, 2026 and Oct 19, 2026.

+11.1%

CGMM total return, 1 year

+15.5%

MLRG total return, 1 year

0.51%

CGMM expense ratio

0.03%

MLRG expense ratio

What they hold in common

By the books each fund has filed, CGMM and MLRG hold 3% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 19, 2026.

50%

half

3% in common

Positions both hold, largest shared weight first

Holding CGMM MLRG

Capital One Financial Corp 0.97% 0.18%

Cloudflare Inc 0.92% 0.14%

CSX Corp 0.66% 0.13%

Hilton Worldwide Holdings Inc 0.86% 0.12%

DoorDash Inc 1.53% 0.11%

General Motors Co 0.87% 0.11%

Hewlett Packard Enterprise Co 1.59% 0.11%

SLB Ltd 0.68% 0.11%

Arthur J Gallagher & Co 0.71% 0.10%

Lumentum Holdings Inc 0.41% 0.10%

Monster Beverage Corp 1.34% 0.10%

United Rentals Inc 0.86% 0.10%

Only in CGMM

Capital Group Central Cash Fund 2.20%

RenaissanceRe Holdings Ltd 1.84%

WEX Inc 1.77%

US Foods Holding Corp 1.56%

LKQ Corp 1.54%

Ingram Micro Holding Corp 1.43%

Vail Resorts Inc 1.39%

Akamai Technologies Inc 1.30%

Only in MLRG

APPLE 7.59%

NVIDIA 7.52%

MICROSOFT 5.68%

AMAZON.COM INC 3.83%

ALPHABET CLASS A 3.04%

ALPHABET CLASS C 2.40%

META PLATFORMS CLASS A 2.34%

BROADCOM INC 2.28%

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On the same fields

CGMM

Capital Group U.S. Small and Mid Cap ETF

MLRG

iShares MSCI USA ETF

Where it sits Stock ETF Stock ETF

Issuer Capital Group iShares

What it is Actively managed Tracks an index

Total return, 1 year +11.1% +15.5%

Its benchmark over the same days +15.0% (IWV) +15.4% (PBUS)

Gap to its benchmark −4.0 pts vs IWV +0.2 pts vs PBUS

Expense ratio 0.51% 0.03%

Already in the S&P 500 45.4% 95.6%

Holdings 114 515

Net assets, CGMM as of Oct 19, 2026 and MLRG as of Oct 20, 2026 $3.5bn $1.3bn

Former ticker none ILCB

CGMM and MLRG on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About CGMM

CGMM is actively managed and tracks no index. The prospectus expense ratio is 0.51% a year. By its holdings filed for May 31, 2026, 45% of the fund by weight is stocks the S&P 500 also holds, across 114 positions, with the top ten at 18.7%. It sat 6.8% below its high of Aug 13, 2026 on Oct 20, 2026.

Over the year to Oct 20, 2026 it returned +11.1% with distributions reinvested, against +15.0% for its benchmark, the Russell 3000 Index.

About MLRG

MLRG tracks an index. Over the year to Oct 20, 2026 it returned +15.5% with distributions reinvested, against +15.4% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 19, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 515 positions, with the top ten at 37.8%.

Questions people ask

Which returned more over the last year, CGMM or MLRG?: In the year to Oct 20, 2026, with distributions reinvested, CGMM returned +11.1% and MLRG +15.5%.
Which is cheaper, CGMM or MLRG?: MLRG is cheaper, by 0.48 percentage points a year. That is about $48 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do CGMM and MLRG overlap with the S&P 500?: By their latest filed holdings, 45% of CGMM and 96% of MLRG by weight is stocks the S&P 500 already holds.

Other comparisons

CGMM vs FTC CGMM vs FLQM CGMM vs IVOG CGMM vs IMCB IVOO vs MLRG MLRG vs TMSL IMCG vs MLRG JMEE vs MLRG

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

Where these figures came from

CGMM filings on SEC EDGAR ↗CGMM prospectus with the expense ratio (SEC) ↗Capital Group page for CGMM ↗MLRG filings on SEC EDGAR ↗MLRG prospectus with the expense ratio (SEC) ↗iShares page for MLRG ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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.

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ETFIQ, CGMM against MLRG, data as of Oct 20, 2026. https://etfiq.com/compare/any/cgmm-vs-mlrg

Open data

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