Capital Group Municipal High-Income ETF (CGHM) Performance
CGHM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +0.0% since Dec 31, 2025
- 1 year
- +0.5% total return
- Since first price
- +7.4% since 2024
CGHM trailing returns vs AGG, TLT, SPY
| Period | CGHM total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +1.1% | +0.7% | +0.9% | +1.5% | −1.0% |
| 3 months | −1.9% | −3.0% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.8% | −3.9% | −1.5% | −3.8% | +7.8% |
| YTD | +0.0% | −3.1% | −1.0% | −3.4% | +12.3% |
| 1 year | +0.5% | −3.7% | −1.1% | −6.9% | +14.4% |
| Since inceptionJun 27, 2024 | +7.4% | −1.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CGHM vs AGG
From Jun 27, 2024: CGHM grew to $10,741, AGG to $10,778.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CGHM returns by calendar year
1 of 1 full years positive. Best 2025 (+4.6%), worst 2025 (+4.6%). 2026 is year to date.
CGHM annual returns table
| Year | CGHM | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +0.0% | −6.8% | −1.0% | −3.4% | +12.3% |
| 2025 | +4.6% | −5.9% | +7.2% | +4.3% | +17.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CGHM largest drawdowns
Now 3.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 6, 2026 | −6.8% | Sep 29, 2026 | not yet | 3 months | 4 months so far |
| Feb 28, 2025 | −5.9% | Apr 11, 2025 | Sep 11, 2025 | 42 days | 6 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
CGHM risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +2.1% |
| Volatility (annualized) | 5.4% |
| Sharpe ratio | -0.35 |
| Sortino ratio | -0.43 |
| Best month | +3.1% |
| Worst month | −4.3% |
| Best 12 months | +9.1% |
| Worst 12 months | −0.8% |
| Positive months | 63% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CGHM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 17 | −0.8% | +4.4% | +9.1% | 82% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
CGHM performance overview
Capital Group Municipal High-Income ETF (CGHM) returned +0.5% over the past year, with distributions reinvested. Since its first recorded price on Jun 27, 2024 it has returned +7.4%. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −6.8%, from Jul 6, 2026 to Sep 29, 2026; the fund has not yet regained that high. Volatility has been 5.4% a year.
Related: CGHM chart, CGHM dividends, CGHM bond profile. See the CGHM overview for the latest quote and fund facts.
CGHM performance FAQ
What is the CGHM return over the past year?
CGHM returned +0.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 3.7%.
How much would $10,000 invested in CGHM be worth?
$10,000 invested in CGHM at its first recorded close on June 27, 2024 would be worth about $10,741 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of CGHM?
The largest peak-to-trough decline was −6.8% between July 6, 2026 and September 29, 2026. It has not yet recovered to that high; it is 3.7% below its peak.
How volatile is CGHM?
Over the past history CGHM had an annualized volatility of 5.4% and a Sharpe ratio of -0.35 (excess return over 1–3 month T-bills per unit of risk).