CGMU vs SPXL

Comparison between CAPITAL GROUP MUNICIPAL INCOME ETF SHARE CLASS (CGMU, ETF) and DIREXION DAILY S&P 500(R) BULL 3X SHARES (SPXL, ETF).

CGMU vs SPXL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CGMU(ETF)	SPXL(ETF)
Net Assets	$5.80B	$5.90B
Expense Ratio	0.27%	N/A
Max Drawdown	6.04%	76.86%
Sharpe Ratio	1.09	1.95
5Y Beta	0.03	2.88
P/E Ratio	N/A	28.35
Forward P/E	N/A	21.93
5Y Dividends CAGR	N/A	65.03%
5Y EPS CAGR	N/A	25.34%
Debt to Equity	N/A	20.69%
P/S Ratio	N/A	3.60
P/B Ratio	N/A	5.41

Net Assets

CGMU

$5.80B

Winner

SPXL

$5.90B

Expense Ratio

CGMU

0.27%

SPXL

N/A

Max Drawdown

Winner

CGMU

6.04%

SPXL

76.86%

Sharpe Ratio

CGMU

1.09

Winner

SPXL

1.95

5Y Beta

Winner

CGMU

0.03

SPXL

2.88

P/E Ratio

CGMU

N/A

SPXL

28.35

Forward P/E

CGMU

N/A

SPXL

21.93

5Y Dividends CAGR

CGMU

N/A

SPXL

65.03%

5Y EPS CAGR

CGMU

N/A

SPXL

25.34%

Debt to Equity

CGMU

N/A

SPXL

20.69%

P/S Ratio

CGMU

N/A

SPXL

3.60

P/B Ratio

CGMU

N/A

SPXL

5.41

CGMU vs SPXL - Historical Returns

Returns include dividend reinvestment.

Period	CGMU	SPXL
1 month	-0.07%	+25.32%
3 months	-1.01%	+25.33%
6 months	+1.29%	+27.20%
1 year	+6.26%	+81.05%
5 years(CAGR)	N/A	+24.61%
10 years(CAGR)	N/A	+30.67%
Max(CAGR)	+5.64%	+28.65%

CGMU

-0.07%

Winner

SPXL

+25.32%

CGMU

-1.01%

Winner

SPXL

+25.33%

CGMU

+1.29%

Winner

SPXL

+27.20%

CGMU

+6.26%

Winner

SPXL

+81.05%

5Y(CAGR)

CGMU

N/A

SPXL

+24.61%

10Y(CAGR)

CGMU

N/A

SPXL

+30.67%

Max(CAGR)

CGMU

+5.64%

Winner

SPXL

+28.65%

CGMU vs SPXL - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	CGMU	SPXL
2026	+0.75%	+22.37%
2025	+5.11%	+33.02%
2024	+2.75%	+66.58%
2023	+6.64%	+71.53%
2022	+4.53%	-57.31%
2021	N/A	+107.32%
2020	N/A	+6.68%
2019	N/A	+102.65%
2018	N/A	-26.55%
2017	N/A	+67.50%
2016	N/A	+35.96%
2015	N/A	-5.43%
2014	N/A	+41.39%
2013	N/A	+102.91%
2012	N/A	+37.95%
2011	N/A	-17.26%
2010	N/A	+32.94%
2009	N/A	+50.59%
2008	N/A	-28.52%

CGMU vs SPXL Drawdown Comparison

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

The maximum drawdown for SPXL was -76.86%, occurring on Mar 23, 2020. Recovery took 225 trading sessions.

The current CGMU drawdown is -1.45%.

Rank	CGMU	SPXL
#1	-4.11% Apr 12, 2023 - Nov 28, 2023	-76.86% Feb 19, 2020 - Jan 8, 2021
#2	-3.61% Feb 28, 2025 - Sep 3, 2025	-71.32% Nov 5, 2008 - Sep 15, 2009
#3	-2.60% Feb 2, 2023 - Apr 6, 2023	-63.80% Jan 3, 2022 - Jun 12, 2024
#4	-2.55% Feb 27, 2026 - Mar 26, 2026	-53.81% Apr 29, 2011 - Sep 13, 2012
#5	-2.46% Oct 1, 2024 - Dec 4, 2024	-50.17% Sep 20, 2018 - Jul 12, 2019
#6	-1.92% Dec 6, 2024 - Feb 25, 2025	-48.95% Dec 6, 2024 - Jul 25, 2025
#7	-1.22% May 15, 2024 - Jun 12, 2024	-43.44% Apr 23, 2010 - Dec 10, 2010
#8	-1.21% Mar 8, 2024 - May 15, 2024	-39.56% May 21, 2015 - Jul 20, 2016
#9	-1.06% Dec 15, 2022 - Jan 9, 2023	-29.48% Jan 26, 2018 - Sep 20, 2018
#10	-0.97% Dec 27, 2023 - Jan 31, 2024	-26.77% Jan 12, 2026 - Apr 17, 2026
#11	-0.96% Feb 1, 2024 - Mar 8, 2024	-24.36% Jul 16, 2024 - Sep 26, 2024
#12	-0.66% Sep 17, 2025 - Oct 13, 2025	-22.79% Jan 19, 2010 - Mar 11, 2010
#13	-0.62% Aug 2, 2024 - Aug 23, 2024	-21.42% Sep 14, 2012 - Jan 10, 2013
#14	-0.61% Jun 14, 2024 - Jul 5, 2024	-21.05% Sep 18, 2014 - Nov 3, 2014
#15	-0.40% Nov 11, 2025 - Dec 22, 2025	-17.96% Jul 26, 2019 - Nov 1, 2019

Correlation

Correlation between CGMU and SPXL is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.

0.96

-101

Dividend Comparison (2008 - 2026)

CGMU vs SPXL dividend yield comparison.

Year	CGMU	SPXL
2026	1.12%	0.17%
2025	3.32%	0.69%
2024	3.21%	0.74%
2023	3.08%	0.98%
2022	0.49%	0.32%
2021	0.00%	0.11%
2020	0.00%	0.22%
2019	0.00%	0.84%
2018	0.00%	1.02%
2017	0.00%	3.88%
2010	0.00%	2.17%
2009	0.00%	13.15%
2008	0.00%	0.18%