CGSM vs FSMB
Capital Group Short Duration Municipal Income ETF against First Trust Short Duration Managed Municipal ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
6%
60 shared positions
Fee gap
30 bp
CGSM is cheaper
1-year return gap
0.9 pts
CGSM is ahead
Larger fund
CGSM
$1.7B
Side by side
| CGSM | FSMB | |
|---|---|---|
| Fund | Capital Group Short Duration Municipal Income ETF | First Trust Short Duration Managed Municipal ETF |
| Issuer | Capital Group | First Trust |
| Category | Short Muni | Short Muni |
| Expense ratio | 0.25% | 0.55% |
| Assets | $1.7B | $642M |
| Average daily dollar volume | $14M | $6.2M |
| Listed | Sep 26, 2023 | Nov 1, 2018 |
| FrenzyCap score | 73 | 50 |
| 1-month return | +0.1% | −0.4% |
| 3-month return | −0.8% | −1.0% |
| Year to date | −1.3% | −2.1% |
| 1-year return | −1.5% | −2.4% |
| 30-day volatility | 3.3% | 3.5% |
| Worst drawdown, 1 year | −4.0% | −4.2% |
| Trailing 12-month yield | 2.95% | 3.24% |
| Holdings | 1,106 | 583 |
| Top 10 weight | 7.8% | 6.6% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$406M thru Jun 2026 | +$26M thru Jul 2026 |
| 30-day implied volatility | — | 19.2% |
| Holdings as of | as of Oct 20, 2026issuer data | as of Oct 20, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
7% of CGSM · 14% of FSMB| Holding | CGSM | FSMB |
|---|---|---|
| KENTUCKY ST PUBLIC ENERGY AUTH KYSPWR 06/55 ADJUSTABLE VAR, due Jun 15, 2055 | 0.56% | 0.71% |
| SOUTHEAST ENERGY AUTHORITY A C SEEPWR 10/30 FIXED 5, due Oct 15, 2030 | 0.60% | 0.51% |
| WASHINGTON ST HLTH CARE FACS A WASMED 10/30 FIXED 5, due Oct 15, 2030 | 0.40% | 0.33% |
| CALIFORNIA CMNTY CHOICE FING A CCEDEV 02/52 ADJUSTABLE VAR, due Feb 15, 2052 | 0.38% | 0.32% |
| SAINT JOHN THE BAPTIST PARISH SJBCTF 06/37 ADJUSTABLE VAR, due Jun 15, 2037 | 0.39% | 0.30% |
| NEW JERSEY ST ECON DEV AUTH WT NJSWTR 11/34 ADJUSTABLE VAR, due Nov 15, 2034 | 0.21% | 0.23% |
| PENNSYLVANIA ST ECON DEV FING PASDEV 07/41 ADJUSTABLE VAR, due Jul 15, 2041 | 0.20% | 0.32% |
| BLACK BELT ENERGY GAS DIST AL BBEUTL 12/53 ADJUSTABLE VAR, due Dec 15, 2053 | 0.19% | 0.16% |
| MICHIGAN ST STRATEGIC FUND LTD MISGEN 04/35 ADJUSTABLE VAR, due Apr 15, 2035 | 0.15% | 0.20% |
| FLORIDA ST DEV FIN CORP SOL WS FLSDEV 04/37 ADJUSTABLE VAR, due Apr 15, 2037 | 0.35% | 0.15% |
| FLORIDA ST DEV FIN CORP SOL WS FLSDEV 07/32 FIXED 4.5, due Jul 15, 2032 | 0.19% | 0.15% |
| CALIFORNIA ST POLL CONTROL FIN CASPOL 07/43 ADJUSTABLE VAR, due Jul 15, 2043 | 0.38% | 0.14% |
| BLACK BELT ENERGY GAS DIST AL BBEUTL 07/52 ADJUSTABLE VAR, due Jul 15, 2052 | 0.14% | 0.53% |
| TARRANT CNTY TX HSG FIN CORP TARHSG 02/43 ADJUSTABLE VAR, due Feb 15, 2043 | 0.13% | 0.29% |
| MICHIGAN ST STRATEGIC FUND LTD MISGEN 10/49 ADJUSTABLE VAR, due Oct 15, 2049 | 0.13% | 0.31% |
| MASSACHUSETTS ST DEV FIN AGY R MASDEV 12/29 FIXED 4.75, due Dec 15, 2029 | 0.16% | 0.11% |
| ALEXANDRIA VA INDL DEV AUTH RS ALEMED 10/31 FIXED 5, due Oct 15, 2031 | 0.10% | 0.47% |
| WHITING IN ENVRNMNTL FACS REVE WHGFAC 12/44 ADJUSTABLE VAR, due Dec 15, 2044 | 0.10% | 0.15% |
| CALIFORNIA CMNTY CHOICE FING A CCEDEV 02/55 ADJUSTABLE VAR, due Feb 15, 2055 | 0.09% | 0.14% |
| HOUSTON TX ARPT SYS REVENUE HOUAPT 07/27 FIXED 5, due Jul 15, 2027 | 0.09% | 0.16% |
| MAIN STREET NATURAL GAS INC GA MAIUTL 07/52 ADJUSTABLE VAR, due Jul 15, 2052 | 0.09% | 0.14% |
| PENNSYLVANIA ST ECON DEV FING PASDEV 04/34 ADJUSTABLE VAR, due Apr 15, 2034 | 0.27% | 0.08% |
| VIRGINIA BEACH VA DEV AUTH RSD VBHDEV 09/29 FIXED 5.375, due Sep 15, 2029 | 0.08% | 0.24% |
| UTAH ST HSG CORP MF REVENUE UTSMFH 08/44 ADJUSTABLE VAR, due Aug 15, 2044 | 0.07% | 0.38% |
| COLORADO ST HLTH FACS AUTH REV COSMED 12/29 FIXED 5, due Dec 15, 2029 | 0.06% | 0.08% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · CGSM holdings · FSMB holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.