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MDIV vs CGMU

Multi-Asset Diversified Income Index Fund vs Capital Group Municipal Income ETF

MDIV

Multi-Asset Diversified Income Index Fund

First Trust

Annual cost

0.71%

Fund size

$417M

CGMU

Capital Group Municipal Income ETF

Capital Group

Annual cost

0.27%

Fund size

$5.8B

Key differences

  • CGMU costs 0.44% less per year.
  • CGMU is significantly larger than MDIV — larger funds tend to be more liquid and less likely to close.
  • MDIV is classified as mixed asset, while CGMU is fixed income — different risk/return profiles.
  • Over the last 3 years, MDIV has delivered higher annualized returns.
  • MDIV has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

MDIVCGMU
Annual cost (TER)0.71%0.27%
Fund size (AUM)$417M$5.8B
Since20122022
Dividend yield6.13%3.35%
Asset classmixed assetfixed income
Regionnorth america
Strategyindex trackingindex tracking
CAGR 1Y+13.4%+6.2%
CAGR 3Y+12.3%+4.2%
CAGR 5Y+6.4%N/A
Sharpe 3Y0.940.18
Volatility 1Y6.70%2.28%
Max drawdown-48.50%-4.10%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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