Data as of Oct 28, 2026.
CGMS vs GIGB: Differences, Returns & Fees
CGMS's duration was 4.7 years on Jun 30, 2026 and GIGB's 6.5 on Aug 31, 2026; GIGB charges 0.08% to CGMS's 0.39%.
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Net assets on Oct 27, 2026: $5.6bn for Capital Group U.S. Multi-Sector Income ETF and $1.0bn for Goldman Sachs Access Investment Grade Corporate Bond ETF.
Pair scorecard
GIGB costs 0.31 points a year less; their one-year returns differ by 2.7 points; CGMS is 5.6 times larger.
| Measure | CGMS | GIGB |
|---|---|---|
| Return | ||
| Total return, 1 year | +0.8% | −1.9% |
| Benchmark | ||
| What it tracks | No index, actively managed | FTSE Goldman Sachs Investment Grade Corporate Bond Index |
| Cost and size | ||
| Expense ratio | 0.39% | 0.08% |
| Net assets, as of Oct 27, 2026 | $5.6bn | $1.0bn |
| Holdings | ||
| Holdings in common | 4% | |
Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method
Risk and return
Nov 4, 2022 to Oct 23, 2026 · 207 weekly returns · each against AGGCGMS returned more: +32.5% to +22.8%. CGMS swung less: 4.8% to 6.3%. CGMS fell less at its worst: −3.9% to −6.7%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | CGMS | GIGB | AGG | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +32.5% | +22.8% | CGMS | Price change plus distributions, reinvested. | |
| Annualized | +7.3% | +5.3% | CGMS | Total return as a yearly rate. | |
| Price return | +4.9% | +3.7% | CGMS | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 4.8% | 6.3% | CGMS | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 3.0% | 4.3% | CGMS | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −3.9% | −6.7% | CGMS | Deepest fall from a high to the low after it. | |
| Upside capture | 78.7% | 113.1% | 100.0% | GIGB | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 57.1% | 105.3% | 100.0% | CGMS | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.71 | 1.09 | 1.00 | CGMS lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.67 | 0.92 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.54 | 0.12 | CGMS | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.85 | 0.18 | CGMS | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.036 | 0.007 | −0.004 | CGMS | Return above Treasury bills per unit of beta. |
| Calmar | 1.90 | 0.79 | CGMS | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | AGG | AGG | AGG | The ETF each fund is measured against. | |
| Alpha | +2.9% a year | +1.2% a year | 0.0% | CGMS significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 2.06 | 1.35 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | +0.1% to +5.7% | −0.6% to +3.0% | GIGB's includes zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.93 | 0.63 | CGMS | Return against its benchmark per unit of tracking error. | |
| Tracking error | 3.2% | 1.9% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 207 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, CGMS and GIGB hold 4% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.
half
4% in common
Only in one fund ↓
Side by side
CGMS and GIGB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
CGMS and GIGB are built for the same job. How do they differ in cost, holdings and results?
- What each follows. CGMS follows No index, actively managed and GIGB follows FTSE Goldman Sachs Investment Grade Corporate Bond Index.
- Holdings in common. 4% of the weight is in the same securities (holdings dated Jun 30, 2026 and Aug 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 CGMS returned +0.8% and GIGB −1.9% with distributions reinvested, a gap of 2.7 points.
Data as of Oct 28, 2026.
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CGMS
CGMS is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +0.8% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Index. The prospectus expense ratio is 0.39% a year.
GIGB
GIGB tracks an index. Over the year to Oct 28, 2026 it returned −1.9% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.08% a year.
Questions people ask
- Which returned more over the last year, CGMS or GIGB?
- In the year to Oct 28, 2026, with distributions reinvested, CGMS returned +0.8% and GIGB −1.9%.
- Which is cheaper, CGMS or GIGB?
- GIGB is cheaper, by 0.31 percentage points a year. That is about $31 on $10,000 held for a year. Fees come from each fund's prospectus.
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, CGMS against GIGB, data as of Oct 28, 2026. https://etfiq.com/compare/any/cgms-vs-gigb
ETFIQ. (Oct 28, 2026). CGMS against GIGB. Retrieved from https://etfiq.com/compare/any/cgms-vs-gigb
[CGMS against GIGB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/cgms-vs-gigb)
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