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

In the year to Oct 9, 2026, with distributions reinvested, CGMS returned +1.0% and UCON −0.7%.

Which is cheaper, CGMS or UCON?

CGMS is cheaper, by 0.47 percentage points a year. That is about $47 on $10,000 held for a year. Fees come from each fund's prospectus.

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CGMS vs UCON: Differences, Returns & Fees

CGMS's duration was 4.7 years on Jun 30, 2026 and UCON's 4.4 on May 31, 2026; CGMS charges 0.39% to UCON's 0.86%. Net assets: $5.4bn on Oct 8, 2026 for Capital Group U.S. Multi-Sector Income ETF, and $3.1bn on Oct 9, 2026 for First Trust Smith Unconstrained Bond ETF.

CGMS costs 0.47 points a year less; their one-year returns differ by 1.7 points; CGMS is 1.7 times larger.

CGMS vs UCON: Differences, Returns & Fees
	CGMS	UCON
Expense ratio	0.39%	0.86%
Net assets, as of Oct 8, 2026	$5.4bn	$3.1bn
Total return, 1 year	+1.0%	−0.7%
What it tracks	No index, actively managed	No index, actively managed
Holdings in common	6%
Below its high		3.2%, high on Jun 29, 2026

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

+1.0%

CGMS total return, 1 year

−0.7%

UCON total return, 1 year

0.39%

CGMS expense ratio

0.86%

UCON expense ratio

What they hold in common

By the books each fund has filed, CGMS and UCON 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 May 31, 2026 and Jun 30, 2026.

50%

half

6% in common

Positions both hold, largest shared weight first

Holding CGMS UCON

Ford Motor Credit Co LLC, due Feb 7, 2035 0.29% 0.38%

Nexstar Media Inc, due Sep 15, 2033 0.24% 0.31%

Synopsys Inc, due Apr 1, 2035 0.25% 0.24%

Nexstar Media Inc, due Apr 15, 2034 0.23% 0.39%

Cleveland-Cliffs Inc, due Jan 15, 2034 0.21% 0.33%

Kennedy-Wilson Inc, due Jun 1, 2033 0.21% 0.46%

Permian Resources Operating LLC, due Jan 15, 2032 0.20% 0.57%

Ford Motor Credit Co LLC, due Sep 5, 2030 0.18% 0.25%

Carnival Corp Ltd, due Aug 1, 2032 0.18% 0.45%

JPMorgan Chase & Co, due Feb 5, 2037 0.18% 0.33%

Univision Communications Inc, due Aug 1, 2032 0.15% 0.16%

Meta Platforms Inc, due May 15, 2036 0.16% 0.15%

Only in CGMS

Capital Group Central Cash Fund 3.12%

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

Bank of America Corp, due Feb 6, 2037 0.54%

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%

Goldman Sachs Group Inc/The, due Oct 21, 2036 0.37%

Freddie Mac Pool, due Apr 1, 2055 0.35%

Only in UCON

T 3.375 02/29/28, due Feb 29, 2028 2.33%

T 4.625 11/15/45, due Nov 15, 2045 2.13%

T 4.75 02/15/56, due Feb 15, 2056 2.12%

T 3.875 04/30/31, due Apr 30, 2031 1.18%

T 4.625 11/15/55, due Nov 15, 2055 1.04%

FN BM7755, due Jun 1, 2064 0.96%

BA 7.008 05/01/64, due May 1, 2064 0.81%

FNR 2024-82 CF, due Nov 25, 2054 0.73%

Check overlap with more funds →

On the same fields

CGMS

Capital Group U.S. Multi-Sector Income ETF

UCON

First Trust Smith Unconstrained Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Capital Group First Trust

What it is Actively managed Actively managed

Total return, 1 year +1.0% −0.7%

Expense ratio 0.39% 0.86%

Holdings 1465 453

Net assets, CGMS as of Oct 8, 2026 and UCON as of Oct 9, 2026 $5.4bn $3.1bn

CGMS and UCON 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 UCON

UCON is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned −0.7% with distributions reinvested. The prospectus expense ratio is 0.86% a year. It sat 3.2% below its high of Jun 29, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, CGMS or UCON?: In the year to Oct 9, 2026, with distributions reinvested, CGMS returned +1.0% and UCON −0.7%.
Which is cheaper, CGMS or UCON?: CGMS is cheaper, by 0.47 percentage points a year. That is about $47 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

CGMS vs SPBO CGMS vs SUSC CGMS vs SCHI CGMS vs IGIB UCON vs USIG UCON vs VCEB UCON vs VCIT SCHI vs UCON

CGMS on its own →UCON 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 ↗UCON filings on SEC EDGAR ↗UCON prospectus with the expense ratio (SEC) ↗First Trust page for UCON ↗

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 UCON, data as of Oct 9, 2026. https://etfiq.com/compare/any/cgms-vs-ucon

Open data

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