Capital Group U.S. Small and Mid Cap ETF (CGMM) Performance
CGMM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.7% since Dec 31, 2025
- 1 year
- +9.5% total return
- Since first price
- +20.0% since 2025
CGMM trailing returns vs SPY, QQQ, AGG
| Period | CGMM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.5% | −1.5% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.7% | −2.7% | +3.2% | +1.9% | −0.4% |
| 6 months | −1.7% | −1.9% | +7.8% | +8.4% | −1.5% |
| YTD | +7.7% | +7.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.5% | +9.0% | +14.4% | +15.9% | −1.1% |
| Since inceptionJan 16, 2025 | +20.0% | +19.4% | — | — | — |
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: CGMM vs SPY
From Jan 16, 2025: CGMM grew to $12,004, SPY to $13,097.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CGMM returns by calendar year
2026 is year to date.
CGMM annual returns table
| Year | CGMM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.7% | −10.1% | +12.3% | +15.1% | −1.0% |
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.
CGMM largest drawdowns
Now 8.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 21, 2025 | −21.0% | Apr 8, 2025 | Jun 26, 2025 | 3 months | 5 months |
| Feb 26, 2026 | −10.1% | Mar 30, 2026 | Apr 17, 2026 | 32 days | 50 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
CGMM risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +10.8% |
| Volatility (annualized) | 14.7% |
| Sharpe ratio | 0.51 |
| Sortino ratio | 0.82 |
| Best month | +9.1% |
| Worst month | −6.2% |
| Best 12 months | +35.0% |
| Worst 12 months | +9.5% |
| Positive months | 65% |
| 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.
CGMM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 10 | +9.5% | +19.8% | +35.0% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
CGMM performance overview
Capital Group U.S. Small and Mid Cap ETF (CGMM) returned +9.5% over the past year, with distributions reinvested. Since its first recorded price on Jan 16, 2025 it has returned +20.0%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −21.0%, from Jan 21, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 14.7% a year.
Related: CGMM chart, CGMM holdings, CGMM dividends, CGMM valuation. See the CGMM overview for the latest quote and fund facts.
CGMM performance FAQ
What is the CGMM return over the past year?
CGMM returned +9.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 9.0%.
How much would $10,000 invested in CGMM be worth?
$10,000 invested in CGMM at its first recorded close on January 16, 2025 would be worth about $12,004 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of CGMM?
The largest peak-to-trough decline was −21.0% between January 21, 2025 and April 8, 2025. It recovered to the old high on June 26, 2025, 3 months after the bottom.
How volatile is CGMM?
Over the past history CGMM had an annualized volatility of 14.7% and a Sharpe ratio of 0.51 (excess return over 1–3 month T-bills per unit of risk).