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

In the year to Oct 28, 2026, with distributions reinvested, CGMU returned +0.5% and VTEI 0.0%.

Which is cheaper, CGMU or VTEI?

VTEI is cheaper, by 0.19 percentage points a year. That is about $19 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

CGMU vs VTEI: Differences, Returns & Fees

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CGMU's duration was 4.9 years on Jun 30, 2026 and VTEI's 5.6 on Jul 31, 2026; VTEI charges 0.08% to CGMU's 0.27%.

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Net assets: $7.4bn on Oct 27, 2026 for Capital Group Municipal Income ETF, and $1.7bn on Sep 30, 2026 for Vanguard Intermediate-Term Tax-Exempt Bond ETF.

CGMU on its own →VTEI on its own →

At a glance

+0.5%

CGMU total return, 1 year

0.0%

VTEI total return, 1 year

0.27%

CGMU expense ratio

0.08%

VTEI expense ratio

Pair scorecard

VTEI costs 0.19 points a year less; their one-year returns differ by 0.5 points; CGMU is 4.1 times larger.

CGMU vs VTEI: Differences, Returns & Fees
Measure	CGMU	VTEI
Return
Measure	CGMU	VTEI
Total return, 1 year	+0.5%	0.0%
Benchmark
Measure	CGMU	VTEI
What it tracks	No index, actively managed	S&P Intermediate Term National AMT-Free Municipal Bond Index
Cost and size
Measure	CGMU	VTEI
Expense ratio	0.27%	0.08%
Net assets, as of Sep 30, 2026	$6.9bn	$1.7bn
Holdings
Measure	CGMU	VTEI
Holdings in common	4%

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

Risk and return

Feb 9, 2024 to Oct 23, 2026 · 141 weekly returns

CGMU VTEI

Return

Total return edge CGMU +7.9% +5.3%

Annualized edge CGMU +2.8% +1.9%

Price return edge CGMU −1.3% −2.8%

Risk

Volatility edge CGMU (slight) 3.7% 3.8%

Max drawdown edge CGMU (slight) −4.9% −5.3%

Risk-adjusted

Sharpe edge CGMU −0.40 −0.63

Sortino edge CGMU −0.49 −0.76

Calmar edge CGMU 0.58 0.36

Reading

CGMU returned more: +7.9% to +5.3%. CGMU swung slightly less: 3.7% to 3.8%. CGMU fell slightly less at its worst: −4.9% to −5.3%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: CGMU vs VTEI: Differences, Returns & Fees
Measure	CGMU	VTEI	Edge	How it is measured
Return
Total return	+7.9%	+5.3%	CGMU	Price change plus distributions, reinvested.
Annualized	+2.8%	+1.9%	CGMU	Total return as a yearly rate.
Price return	−1.3%	−2.8%	CGMU	Price change alone, distributions left out.
Risk
Volatility	3.7%	3.8%	CGMU (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	3.0%	3.1%	CGMU (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−4.9%	−5.3%	CGMU (slight)	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.40	−0.63	CGMU	Return above Treasury bills per unit of volatility.
Sortino	−0.49	−0.76	CGMU	Return above Treasury bills per unit of downside deviation.
Calmar	0.58	0.36	CGMU	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 141 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, CGMU and VTEI hold 4% 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

4% in common

Positions both hold · largest shared weight first CGMU VTEI

OHIO ST UNIV, due Jun 1, 2035 0.22% 0.09%

MASSACHUSETTS ST DEV FIN AGY REVENUE, due Feb 15, 2036 0.27% 0.09%

LOS ANGELES CA DEPT OF WTR & PWR REVENUE, due Jul 1, 2037 0.09% 0.09%

IDAHO ST, due Jun 30, 2027 0.08% 0.13%

EAST CNTY ADVANCED WTR PURIFICATION JT PWRS AUTH, due Sep 1, 2026 0.16% 0.08%

WASHINGTON ST, due Aug 1, 2039 0.18% 0.07%

DALLAS TX INDEP SCH DIST, due Feb 15, 2056 0.07% 0.11%

TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX, due Feb 1, 2029 0.08% 0.07%

TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX, due Feb 1, 2028 0.17% 0.07%

UNIV OF CALIFORNIA CA REVENUES, due May 15, 2036 0.06% 0.13%

TEXAS TRANSPRTN COMMISSION ST HIGHWAY FUND REVENUE, due Oct 1, 2033 0.06% 0.06%

UNIV OF CALIFORNIA CA REVENUES, due May 15, 2038 0.19% 0.06%

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 VTEI

CALIFORNIA ST-REF, due Oct 1, 2035 0.16%

BAY AREA TOLL AUTH-A, due Apr 1, 2061 0.16%

CALIFORNIA ST -REF, due Apr 1, 2035 0.14%

PALO ALTO UNIF SCH DT, due Aug 1, 2026 0.14%

HOUSTON ISD-PREREFUND, due Feb 15, 2042 0.13%

NEW YORK CITY-G-1, due Nov 1, 2030 0.13%

SAN FRANCISCO PUB -B, due Oct 1, 2026 0.13%

DASNY-A, due Mar 15, 2033 0.13%

Check overlap with more funds →

Side by side

CGMU Capital Group Municipal Income ETF VTEI Vanguard Intermediate-Term Tax-Exempt Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Capital Group Vanguard

What it is Actively managed Tracks an index

Total return, 1 year +0.5% 0.0%

Expense ratio 0.27% 0.08%

Holdings 2337 6268

Net assets, CGMU as of Oct 27, 2026 and VTEI as of Sep 30, 2026 $7.4bn $1.7bn

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

Client brief · page 1 of 2 Report BR-C57B7B589B

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

What each follows. CGMU follows No index, actively managed and VTEI follows S&P Intermediate Term National AMT-Free Municipal Bond Index.
Holdings in common. 4% 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 VTEI 0.08%, a gap of 0.19 points.

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.

VTEI

VTEI tracks an index. Over the year to Oct 28, 2026 it returned 0.0% with distributions reinvested. The prospectus expense ratio is 0.08% a year.

Questions people ask

Which returned more over the last year, CGMU or VTEI?: In the year to Oct 28, 2026, with distributions reinvested, CGMU returned +0.5% and VTEI 0.0%.
Which is cheaper, CGMU or VTEI?: VTEI is cheaper, by 0.19 percentage points a year. That is about $19 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

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

Where to next

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

Sources and dates

CGMU filings on SEC EDGAR ↗

CGMU prospectus with the expense ratio (SEC) ↗

Capital Group page for CGMU ↗

VTEI filings on SEC EDGAR ↗

VTEI prospectus with the expense ratio (SEC) ↗

Vanguard page for VTEI ↗

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 VTEI, data as of Oct 28, 2026. https://etfiq.com/compare/any/cgmu-vs-vtei

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