CGMU vs CWB

Comparison between CAPITAL GROUP MUNICIPAL INCOME ETF SHARE CLASS (CGMU, ETF) and STATE STREET(R) SPDR(R) BLOOMBERG CONVERTIBLE SECURITIES ETF (CWB, ETF).

CGMU vs CWB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CGMU(ETF)	CWB(ETF)
Net Assets	$6.10B	$6.20B
Expense Ratio	0.27%	0.40%
Max Drawdown	6.04%	32.16%
Sharpe Ratio	1.12	1.77
5Y Beta	0.03	0.63
5Y Dividends CAGR	N/A	-3.87%

Net Assets

CGMU

$6.10B

Winner

CWB

$6.20B

Expense Ratio

Winner

CGMU

0.27%

CWB

0.40%

Max Drawdown

Winner

CGMU

6.04%

CWB

32.16%

Sharpe Ratio

CGMU

1.12

Winner

CWB

1.77

5Y Beta

Winner

CGMU

0.03

CWB

0.63

5Y Dividends CAGR

CGMU

N/A

CWB

-3.87%

CGMU vs CWB - Historical Returns

Returns include dividend reinvestment.

Period	CGMU	CWB
1 month	+0.45%	+2.12%
3 months	+0.55%	+16.57%
6 months	+1.82%	+19.37%
1 year	+6.32%	+34.35%
5 years(CAGR)	N/A	+6.71%
10 years(CAGR)	N/A	+12.69%
Max(CAGR)	+5.68%	+11.89%

CGMU

+0.45%

Winner

CWB

+2.12%

CGMU

+0.55%

Winner

CWB

+16.57%

CGMU

+1.82%

Winner

CWB

+19.37%

CGMU

+6.32%

Winner

CWB

+34.35%

5Y(CAGR)

CGMU

N/A

CWB

+6.71%

10Y(CAGR)

CGMU

N/A

CWB

+12.69%

Max(CAGR)

CGMU

+5.68%

Winner

CWB

+11.89%

CGMU vs CWB - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	CGMU	CWB
2026	+1.31%	+18.77%
2025	+5.11%	+16.44%
2024	+2.75%	+10.97%
2023	+6.64%	+14.90%
2022	+4.53%	-20.52%
2021	N/A	+2.71%
2020	N/A	+52.07%
2019	N/A	+22.44%
2018	N/A	-3.35%
2017	N/A	+15.84%
2016	N/A	+11.56%
2015	N/A	-0.87%
2014	N/A	+8.01%
2013	N/A	+19.29%
2012	N/A	+14.23%
2011	N/A	-7.95%
2010	N/A	+12.77%
2009	N/A	+29.61%

CGMU vs CWB Drawdown Comparison

The maximum drawdown for CGMU was -4.11%, occurring on Oct 31, 2023. Recovery took 159 trading sessions.

The maximum drawdown for CWB was -32.06%, occurring on Mar 23, 2020. Recovery took 76 trading sessions.

The current CGMU drawdown is -0.90%. The current CWB drawdown is -3.49%.

Rank	CGMU	CWB
#1	-4.11% Apr 12, 2023 - Nov 28, 2023	-32.06% Feb 19, 2020 - Jun 8, 2020
#2	-3.61% Feb 28, 2025 - Sep 3, 2025	-29.86% Feb 12, 2021 - Jul 16, 2025
#3	-2.60% Feb 2, 2023 - Apr 6, 2023	-17.09% May 2, 2011 - Oct 18, 2012
#4	-2.55% Feb 27, 2026 - Mar 26, 2026	-15.95% Jun 1, 2015 - Jul 22, 2016
#5	-2.46% Oct 1, 2024 - Dec 4, 2024	-13.79% Jun 20, 2018 - Feb 25, 2019
#6	-1.92% Dec 6, 2024 - Feb 25, 2025	-10.76% Apr 26, 2010 - Oct 5, 2010
#7	-1.22% May 15, 2024 - Jun 12, 2024	-9.06% Sep 5, 2014 - Mar 20, 2015
#8	-1.21% Mar 8, 2024 - May 15, 2024	-7.61% Sep 1, 2020 - Oct 9, 2020
#9	-1.06% Dec 15, 2022 - Jan 9, 2023	-7.58% Jan 19, 2010 - Mar 8, 2010
#10	-0.97% Dec 27, 2023 - Jan 31, 2024	-7.52% Oct 29, 2025 - Jan 13, 2026
#11	-0.96% Feb 1, 2024 - Mar 8, 2024	-7.36% Jan 26, 2018 - Mar 12, 2018
#12	-0.66% Sep 17, 2025 - Oct 13, 2025	-6.76% Jan 28, 2026 - Apr 8, 2026
#13	-0.62% Aug 2, 2024 - Aug 23, 2024	-6.66% Jun 2, 2026 - Jun 10, 2026
#14	-0.61% Jun 14, 2024 - Jul 5, 2024	-6.52% May 21, 2013 - Jul 22, 2013
#15	-0.40% Nov 11, 2025 - Dec 22, 2025	-6.24% May 3, 2019 - Jul 12, 2019

Correlation

Correlation between CGMU and CWB is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2009 - 2026)

CGMU vs CWB dividend yield comparison.

Year	CGMU	CWB
2026	1.38%	0.58%
2025	3.32%	1.69%
2024	3.21%	1.85%
2023	3.08%	1.97%
2022	0.49%	2.21%
2021	0.00%	1.97%
2020	0.00%	2.34%
2019	0.00%	3.03%
2018	0.00%	6.17%
2017	0.00%	4.25%
2016	0.00%	4.60%
2015	0.00%	7.52%
2014	0.00%	7.37%
2013	0.00%	3.66%
2012	0.00%	3.84%
2011	0.00%	4.97%
2010	0.00%	4.59%
2009	0.00%	3.88%