Which returned more over the last year, CGMU or MUNI?

In the year to Oct 28, 2026, with distributions reinvested, CGMU returned +0.5% and MUNI +0.1%.

Which is cheaper, CGMU or MUNI?

CGMU is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

CGMU vs MUNI: Differences, Returns & Fees

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On Jun 30, 2026 CGMU's duration was 4.9 years and MUNI's 4.5; CGMU charges 0.27% to MUNI's 0.35%.

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Net assets: $7.4bn on Oct 27, 2026 for Capital Group Municipal Income ETF, and $3.1bn on Jun 30, 2026 for PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund.

CGMU on its own →MUNI on its own →

At a glance

+0.5%

CGMU total return, 1 year

+0.1%

MUNI total return, 1 year

0.27%

CGMU expense ratio

0.35%

MUNI expense ratio

Pair scorecard

CGMU costs 0.08 points a year less; their one-year returns differ by 0.4 points.

CGMU vs MUNI: Differences, Returns & Fees
Measure	CGMU	MUNI
Return
Measure	CGMU	MUNI
Total return, 1 year	+0.5%	+0.1%
Benchmark
Measure	CGMU	MUNI
What it tracks	No index, actively managed	No index, actively managed
Cost and size
Measure	CGMU	MUNI
Expense ratio	0.27%	0.35%
Net assets, CGMU as of Oct 27, 2026 and MUNI as of Jun 30, 2026	$7.4bn	$3.1bn
Holdings
Measure	CGMU	MUNI
Holdings in common	6%

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

Risk and return

Nov 4, 2022 to Oct 23, 2026 · 207 weekly returns

CGMU MUNI

Return

Total return edge CGMU +19.8% +16.4%

Annualized edge CGMU +4.7% +3.9%

Price return edge CGMU +5.5% +2.3%

Risk

Volatility edge MUNI (slight) 4.1% 4.0%

Max drawdown edge Tie −4.9% −4.8%

Risk-adjusted

Sharpe edge CGMU 0.01 −0.18

Sortino edge CGMU 0.01 −0.23

Calmar edge CGMU 0.95 0.81

Reading

CGMU returned more: +19.8% to +16.4%. MUNI swung slightly less: 4.0% to 4.1%. CGMU and MUNI fell about the same at their worst: −4.9% and −4.8%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: CGMU vs MUNI: Differences, Returns & Fees
Measure	CGMU	MUNI	Edge	How it is measured
Return
Total return	+19.8%	+16.4%	CGMU	Price change plus distributions, reinvested.
Annualized	+4.7%	+3.9%	CGMU	Total return as a yearly rate.
Price return	+5.5%	+2.3%	CGMU	Price change alone, distributions left out.
Risk
Volatility	4.1%	4.0%	MUNI (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	3.0%	3.0%	Tie	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−4.9%	−4.8%	Tie	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.01	−0.18	CGMU	Return above Treasury bills per unit of volatility.
Sortino	0.01	−0.23	CGMU	Return above Treasury bills per unit of downside deviation.
Calmar	0.95	0.81	CGMU	Annualized return divided by the max drawdown.

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, CGMU and MUNI hold 6% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.

50%

0 half 100%

half

6% in common

Positions both hold · largest shared weight first CGMU MUNI

BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE, due Jan 1, 2034 0.29% 0.81%

BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE, due Oct 1, 2035 0.38% 0.27%

BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE, due Nov 1, 2036 0.25% 0.37%

NEW YORK ENERGY FIN DEV CORP, due Jul 1, 2056 0.22% 0.25%

NATIONAL FIN AUTH NH MUNI CTFS, due Feb 20, 2041 0.19% 0.28%

SOUTHEAST ENERGY AUTHORITY A COOPERATIVE, due Jan 1, 2056 0.17% 0.39%

ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE, due Jul 1, 2054 0.18% 0.16%

S E ALABAMA ST GAS SPLY DIST GAS SPLY REVENUE, due Jun 1, 2049 0.17% 0.15%

WASHINGTON ST HSG FIN COMMISSION, due Mar 1, 2050 0.21% 0.15%

MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE, due May 15, 2053 0.40% 0.15%

MET GOVT NASHVILLE & DAVIDSONCNTY TN HLTH & EDUCTNL FAC BRD, due Jul 1, 2034 0.14% 0.29%

FREDDIE MAC STRUCTURED PASS THROUGH CERT, due Apr 25, 2042 0.14% 0.17%

Only in one fund ↓

Only in CGMU

PUERTO RICO CMWLTH, due Nov 1, 2043 0.82%

PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2040 0.69%

BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE, due Jun 1, 2036 0.53%

NEW YORK NY, due Mar 1, 2042 0.51%

NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE, due Jun 15, 2050 0.47%

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE, due Jun 1, 2036 0.45%

MONTGOMERY CNTY MD, due Nov 1, 2037 0.44%

NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE, due Jun 15, 2053 0.44%

Only in MUNI

U.S. Treasury Notes, due Feb 29, 2028 2.20%

U.S. Treasury Notes, due Feb 28, 2031 1.78%

U.S. Treasury Notes, due Apr 30, 2031 1.16%

U.S. Treasury Notes, due Feb 28, 2031 0.86%

Connecticut State Health & Educational Facilities Authority, due Jul 1, 2057 0.81%

Texas Municipal Gas Acquisition & Supply Corp. V, due Apr 1, 2036 0.80%

Fort Bend Independent School District, due Aug 1, 2055 0.79%

FHLMC Multifamily VRD Certificates, due Jan 25, 2043 0.71%

Check overlap with more funds →

Side by side

CGMU Capital Group Municipal Income ETF MUNI PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund

Where it sits Bond ETF Bond ETF

Issuer Capital Group PIMCO

What it is Actively managed Actively managed

Total return, 1 year +0.5% +0.1%

Expense ratio 0.27% 0.35%

Holdings 2337 647

Net assets, CGMU as of Oct 27, 2026 and MUNI as of Jun 30, 2026 $7.4bn $3.1bn

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

Client brief · page 1 of 2 Report BR-70071A4A4F

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

Holdings in common. 6% of the weight is in the same securities (holdings dated Jun 30, 2026).
Number of holdings. CGMU holds 2,337 positions and MUNI holds 647.
What each follows (similar). Both follow No index, actively managed.

Data as of Oct 28, 2026.

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About each fund

CGMU

CGMU is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +0.5% with distributions reinvested. The prospectus expense ratio is 0.27% a year.

MUNI

MUNI is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +0.1% with distributions reinvested. The prospectus expense ratio is 0.35% a year.

Questions people ask

Which returned more over the last year, CGMU or MUNI?: In the year to Oct 28, 2026, with distributions reinvested, CGMU returned +0.5% and MUNI +0.1%.
Which is cheaper, CGMU or MUNI?: CGMU is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

CGMU vs MMIT CGMU vs ITM CGMU vs DFNM CGMU vs VSDM MUNI vs VTEI MUNI vs VSDM ITM vs MUNI DFNM vs MUNI

Where to next

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

Sources and dates

CGMU filings on SEC EDGAR ↗

CGMU prospectus with the expense ratio (SEC) ↗

Capital Group page for CGMU ↗

MUNI filings on SEC EDGAR ↗

MUNI prospectus with the expense ratio (SEC) ↗

PIMCO 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, CGMU against MUNI, data as of Oct 28, 2026. https://etfiq.com/compare/any/cgmu-vs-muni

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