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

In the year to Oct 28, 2026, with distributions reinvested, CGMU returned +0.5% and VSDM +1.9%.

Which is cheaper, CGMU or VSDM?

VSDM is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

CGMU vs VSDM: Differences, Returns & Fees

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CGMU's duration was 4.9 years on Jun 30, 2026 and VSDM's 4.5 on Jul 31, 2026; VSDM charges 0.12% to CGMU's 0.27%.

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Net assets: $7.4bn on Oct 27, 2026 for Capital Group Municipal Income ETF, and $1.2bn on Sep 30, 2026 for Vanguard Short Duration Tax-Exempt Bond ETF.

CGMU on its own →VSDM on its own →

At a glance

+0.5%

CGMU total return, 1 year

+1.9%

VSDM total return, 1 year

0.27%

CGMU expense ratio

0.12%

VSDM expense ratio

Pair scorecard

VSDM costs 0.15 points a year less; their one-year returns differ by 1.4 points; CGMU is 5.8 times larger.

CGMU vs VSDM: Differences, Returns & Fees
Measure	CGMU	VSDM
Return
Measure	CGMU	VSDM
Total return, 1 year	+0.5%	+1.9%
Benchmark
Measure	CGMU	VSDM
What it tracks	No index, actively managed	No index, actively managed
Cost and size
Measure	CGMU	VSDM
Expense ratio	0.27%	0.12%
Net assets, as of Sep 30, 2026	$6.9bn	$1.2bn
Holdings
Measure	CGMU	VSDM
Holdings in common	7%

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

Risk and return

Nov 29, 2024 to Oct 23, 2026 · 99 weekly returns

CGMU VSDM

Return

Total return edge VSDM +3.8% +6.0%

Annualized edge VSDM +2.0% +3.1%

Price return edge VSDM −2.4% +0.1%

Risk

Volatility edge VSDM 3.9% 2.5%

Max drawdown edge VSDM −4.9% −2.2%

Risk-adjusted

Sharpe edge VSDM −0.50 −0.37

Sortino edge VSDM −0.60 −0.43

Calmar edge VSDM 0.41 1.40

Reading

VSDM returned more: +6.0% to +3.8%. VSDM swung less: 2.5% to 3.9%. VSDM fell less at its worst: −2.2% to −4.9%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: CGMU vs VSDM: Differences, Returns & Fees
Measure	CGMU	VSDM	Edge	How it is measured
Return
Total return	+3.8%	+6.0%	VSDM	Price change plus distributions, reinvested.
Annualized	+2.0%	+3.1%	VSDM	Total return as a yearly rate.
Price return	−2.4%	+0.1%	VSDM	Price change alone, distributions left out.
Risk
Volatility	3.9%	2.5%	VSDM	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	3.3%	2.1%	VSDM	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−4.9%	−2.2%	VSDM	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.50	−0.37	VSDM	Return above Treasury bills per unit of volatility.
Sortino	−0.60	−0.43	VSDM	Return above Treasury bills per unit of downside deviation.
Calmar	0.41	1.40	VSDM	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 99 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, CGMU and VSDM hold 7% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

7% in common

Positions both hold · largest shared weight first CGMU VSDM

SOUTHEAST ENERGY AUTHORITY A COOPERATIVE, due Oct 1, 2055 0.28% 0.50%

SOUTHEAST ENERGY AUTHORITY A COOPERATIVE, due Mar 1, 2055 0.26% 0.27%

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE, due Dec 1, 2055 0.24% 0.21%

BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE, due Jul 1, 2033 0.31% 0.19%

KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE, due Jun 1, 2034 0.18% 0.29%

BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE, due Dec 1, 2034 0.15% 0.19%

NEW YORK CITY NY HSG DEV CORP MF HSG REV, due Nov 1, 2065 0.14% 0.17%

NEW YORK ENERGY FIN DEV CORP, due Jul 1, 2056 0.22% 0.13%

LOWER AL GAS DIST GAS PROJ REVENUE, due Dec 1, 2033 0.12% 0.22%

BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE, due Oct 1, 2033 0.33% 0.12%

BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE, due Jun 1, 2051 0.12% 0.25%

BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE, due Oct 1, 2055 0.12% 0.35%

Only in one fund ↓

Only in CGMU

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%

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

Only in VSDM

NJ TRANSPRTN TRUST-A, due Dec 15, 2034 0.41%

FLORIDA ST MUNI PWR A, due Oct 1, 2030 0.38%

CA CMNTY CHOICE-D, due May 1, 2054 0.37%

S CALIFORNIA PUB-2, due Jul 1, 2053 0.34%

SOUTHERN CA PUB PWR-A, due Nov 1, 2033 0.33%

CA CMNTY CHOICE-D, due Feb 1, 2031 0.32%

LOWER CO RIVER AUTH-B, due May 15, 2045 0.32%

CA CMNTY CHOICE FING, due May 1, 2053 0.29%

Check overlap with more funds →

Side by side

CGMU Capital Group Municipal Income ETF VSDM Vanguard Short Duration Tax-Exempt Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Capital Group Vanguard

What it is Actively managed Actively managed

Total return, 1 year +0.5% +1.9%

Expense ratio 0.27% 0.12%

Holdings 2337 3315

Net assets, CGMU as of Oct 27, 2026 and VSDM as of Sep 30, 2026 $7.4bn $1.2bn

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

Client brief · page 1 of 2 Report BR-E2EC821898

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

Holdings in common. 7% of the weight is in the same securities (holdings dated Jun 30, 2026 and Jul 31, 2026).
Cost. CGMU charges 0.27% of assets a year and VSDM 0.12%, a gap of 0.15 points.
Size. CGMU has $6.9bn in net assets and VSDM $1.2bn (net assets, as of Sep 30, 2026); CGMU is 5.8 times larger.

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.

VSDM

VSDM is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +1.9% with distributions reinvested. The prospectus expense ratio is 0.12% a year.

Questions people ask

Which returned more over the last year, CGMU or VSDM?: In the year to Oct 28, 2026, with distributions reinvested, CGMU returned +0.5% and VSDM +1.9%.
Which is cheaper, CGMU or VSDM?: VSDM is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

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

Where to next

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

Sources and dates

CGMU filings on SEC EDGAR ↗

CGMU prospectus with the expense ratio (SEC) ↗

Capital Group page for CGMU ↗

VSDM filings on SEC EDGAR ↗

VSDM prospectus with the expense ratio (SEC) ↗

Vanguard page for VSDM ↗

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.

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ETFIQ, CGMU against VSDM, data as of Oct 28, 2026. https://etfiq.com/compare/any/cgmu-vs-vsdm

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