Which returned more over the last year, CGMS or SPBO?

In the year to Oct 9, 2026, with distributions reinvested, CGMS returned +1.0% and SPBO −1.8%.

Which is cheaper, CGMS or SPBO?

SPBO is cheaper, by 0.36 percentage points a year. That is about $36 on $10,000 held for a year. Fees come from each fund's prospectus.

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CGMS vs SPBO: Differences, Returns & Fees

On Jun 30, 2026 CGMS's duration was 4.7 years and SPBO's 6.9; SPBO charges 0.03% to CGMS's 0.39%. Net assets on Oct 8, 2026: $5.4bn for Capital Group U.S. Multi-Sector Income ETF and $2.1bn for State Street SPDR Portfolio Corporate Bond ETF.

SPBO costs 0.36 points a year less; their one-year returns differ by 2.8 points; CGMS is 2.5 times larger.

CGMS vs SPBO: Differences, Returns & Fees
	CGMS	SPBO
Expense ratio	0.39%	0.03%
Net assets, as of Oct 8, 2026	$5.4bn	$2.1bn
Total return, 1 year	+1.0%	−1.8%
What it tracks	No index, actively managed	Bloomberg U.S. Corporate Bond Index ?
Holdings in common	6%
Below its high		4.0%, high on Feb 26, 2026

Holdings in common uses holdings dated Jun 30, 2026.

+1.0%

CGMS total return, 1 year

−1.8%

SPBO total return, 1 year

0.39%

CGMS expense ratio

0.03%

SPBO expense ratio

What they hold in common

By the books each fund has filed, CGMS and SPBO hold 6% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026.

50%

half

6% in common

Positions both hold, largest shared weight first

Holding CGMS SPBO

JPMorgan Chase & Co, due Apr 22, 2036 0.13% 0.11%

Amgen Inc, due Mar 2, 2033 0.11% 0.10%

Pfizer Investment Enterprises Pte Ltd, due May 19, 2053 0.12% 0.09%

Amazon.com Inc, due Mar 13, 2036 0.09% 0.12%

Morgan Stanley, due Apr 17, 2036 0.13% 0.09%

Boeing Co/The, due May 1, 2054 0.09% 0.08%

PNC Financial Services Group Inc/The, due Oct 20, 2034 0.08% 0.11%

JPMorgan Chase & Co, due Jan 24, 2036 0.08% 0.09%

Citigroup Inc, due Mar 27, 2036 0.22% 0.08%

Space Exploration Technologies Corp, due Jul 15, 2033 0.18% 0.07%

Abbott Laboratories, due Mar 15, 2036 0.10% 0.07%

Pacific Gas and Electric Co, due Jun 15, 2033 0.14% 0.07%

Only in CGMS

Capital Group Central Cash Fund 3.12%

RD Michigan Property Owner I LLC, due Mar 30, 2045 0.61%

MPT Operating Partnership LP / MPT Finance Corp, due Feb 15, 2032 0.38%

Connect Finco SARL / Connect US Finco LLC, due Sep 15, 2029 0.38%

U.S. Treasury Notes, due Nov 30, 2030 0.38%

Freddie Mac Pool, due Apr 1, 2055 0.35%

Navient Corp, due Aug 1, 2033 0.34%

Mars Inc, due Mar 1, 2035 0.34%

Only in SPBO

Bank of America Corp, due Jul 21, 2028 0.27%

Bank of America Corp, due May 14, 2038 0.22%

Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc, due Feb 1, 2046 0.20%

BAT Capital Corp, due Aug 2, 2043 0.18%

Bank of America Corp, due Mar 5, 2029 0.16%

Bank of America Corp, due Dec 20, 2028 0.16%

JPMorgan Chase & Co, due Jul 23, 2036 0.15%

Verizon Communications Inc, due Mar 22, 2028 0.15%

Check overlap with more funds →

On the same fields

CGMS

Capital Group U.S. Multi-Sector Income ETF

SPBO

State Street SPDR Portfolio Corporate Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Capital Group State Street

What it is Actively managed Tracks an index

Total return, 1 year +1.0% −1.8%

Its benchmark over the same days not published −1.9% (VTC)

Gap to its benchmark not available +0.1 pts vs VTC

Expense ratio 0.39% 0.03%

Holdings 1465 4403

Net assets, as of Oct 8, 2026 $5.4bn $2.1bn

CGMS and SPBO on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About CGMS

CGMS is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +1.0% with distributions reinvested. The prospectus expense ratio is 0.39% a year.

About SPBO

SPBO tracks an index. Over the year to Oct 9, 2026 it returned −1.8% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg U.S. Corporate Bond Index ?. The prospectus expense ratio is 0.03% a year. It sat 4.0% below its high of Feb 26, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, CGMS or SPBO?: In the year to Oct 9, 2026, with distributions reinvested, CGMS returned +1.0% and SPBO −1.8%.
Which is cheaper, CGMS or SPBO?: SPBO is cheaper, by 0.36 percentage points a year. That is about $36 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

CGMS vs IBDX CGMS vs CORP CGMS vs VTC CGMS vs UCON SPBO vs UCON SPBO vs USIG SPBO vs SUSC SPBO vs VCEB

CGMS on its own →SPBO on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

CGMS filings on SEC EDGAR ↗CGMS prospectus with the expense ratio (SEC) ↗Capital Group page for CGMS ↗SPBO filings on SEC EDGAR ↗SPBO prospectus with the expense ratio (SEC) ↗State Street website ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, CGMS against SPBO, data as of Oct 9, 2026. https://etfiq.com/compare/any/cgms-vs-spbo

Open data

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