Capital Group Municipal Income ETF (CGMU) Performance
CGMU total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.3% since Dec 31, 2025
- 1 year
- +0.1% total return
- 3 years
- +4.9% a year
- Since first price
- +4.7% a year since 2022
CGMU trailing returns vs AGG, TLT, SPY
| Period | CGMU total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +1.5% | +1.2% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.6% | −1.5% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.4% | −3.1% | −1.5% | −3.8% | +7.8% |
| YTD | −0.3% | −2.8% | −1.0% | −3.4% | +12.3% |
| 1 year | +0.1% | −3.2% | −1.1% | −6.9% | +14.4% |
| 3 years | +15.5%+4.9%/yr | +4.5% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| Since inceptionOct 27, 2022 | +20.1%+4.7%/yr | +5.8% | — | — | — |
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: CGMU vs AGG
From Oct 27, 2022: CGMU grew to $12,012, AGG to $11,625.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CGMU returns by calendar year
3 of 3 full years positive. Best 2023 (+6.8%), worst 2024 (+2.6%). 2026 is year to date.
CGMU annual returns table
| Year | CGMU | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −0.3% | −5.6% | −1.0% | −3.4% | +12.3% |
| 2025 | +5.2% | −3.6% | +7.2% | +4.3% | +17.7% |
| 2024 | +2.6% | −2.5% | +1.3% | −8.1% | +24.9% |
| 2023 | +6.8% | −4.1% | +5.7% | +2.8% | +26.2% |
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.
CGMU largest drawdowns
Now 2.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 27, 2026 | −5.6% | Sep 29, 2026 | not yet | 7 months | 8 months so far |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
CGMU risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +3.7% | +4.1% |
| Volatility (annualized) | 5.0% | 5.4% |
| Sharpe ratio | -0.12 | -0.04 |
| Sortino ratio | -0.17 | -0.06 |
| Best month | +5.0% | +5.0% |
| Worst month | −3.5% | −3.5% |
| Best 12 months | +10.3% | +10.3% |
| Worst 12 months | −1.7% | −1.7% |
| Positive months | 75% | 72% |
| Beta vs S&P 500 | 0.25 | — |
| Correlation with S&P 500 | 0.63 | — |
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.
CGMU rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 37 | −1.7% | +4.5% | +10.3% | 97% |
| 3-year (a year) | 13 | +3.7% | +4.6% | +6.3% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
CGMU performance overview
Capital Group Municipal Income ETF (CGMU) returned +0.1% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +4.7% a year, turning $10,000 into about $12,012. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −5.6%, from Feb 27, 2026 to Sep 29, 2026; the fund has not yet regained that high. CGMU finished 3 of its 3 full calendar years with a gain; the best year was 2023 (+6.8%) and the worst 2024 (+2.6%). Volatility has been 5.4% a year.
Related: CGMU chart, CGMU dividends, CGMU bond profile. See the CGMU overview for the latest quote and fund facts.
CGMU performance FAQ
What is the CGMU return over the past year?
CGMU returned +0.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 3.2%.
How much would $10,000 invested in CGMU be worth?
$10,000 invested in CGMU at its first recorded close on October 27, 2022 would be worth about $12,012 on October 23, 2026 with distributions reinvested.
What was the worst year for CGMU?
The worst calendar year was 2024, with a total return of +2.6%. The best was 2023 at +6.8%.
What is the biggest drawdown of CGMU?
The largest peak-to-trough decline was −5.6% between February 27, 2026 and September 29, 2026. It has not yet recovered to that high; it is 2.6% below its peak.
How volatile is CGMU?
Over the past 3 years CGMU had an annualized volatility of 5.0% and a Sharpe ratio of -0.12 (excess return over 1–3 month T-bills per unit of risk).