CGHM vs HIMU: Grades, Fees and Holdings Compared

Capital Group Municipal High-Income ETF

CGHMANYSE Arca

Ishares High Yield Muni Active ETF

HIMUBCboe

Overlap

No data

Expense ratio

CGHM −0.05pt a year

CGHM0.34%HIMU0.39%

Avg volume · 30D

CGHM 1.2×the volume

CGHM865KHIMU703K

CGHM vs HIMU Performance

Oct 31, 2025 – Nov 2, 2026

+1.2%CGHM+0.8%HIMU

Expense ratio: CGHM 0.34%, better; HIMU 0.39%
Fund size: CGHM $3.75B; HIMU $2.77B
1Y total return: CGHM +1.2%, better; HIMU +0.8%
Yield (12M): CGHM 4.33%; HIMU 5.88%, better
Holdings: CGHM 3762; HIMU 1016
Avg volume (30D): CGHM 865K sh, better; HIMU 703K sh
NAV per share: CGHM $24.72; HIMU $47.12
52W range

ETF.net Grade

Pillar letters and Scores for CGHM, HIMU, with each pillar’s weight
Pillar	CGHM	HIMU
Cost30% weight	A78Higher	C47
Mission25% weight	A100Higher	A97
Risk15% weight	B61Higher	C51
Tradability15% weight	B69	B69
Holdings10% weight	A96Higher	C52
Durability5% weight	B67	A87Higher

Rank among High-Yield Municipal Bonds funds

How we build Categories ›

Same Category. CGHM and HIMU are both graded against the same 18 High-Yield Municipal Bonds funds, so their Grades compare head to head.

High-Yield Municipal Bonds⁠

Category · 18 funds

See all 18 ›

CGHM ranks 1st and HIMU 8th of 18 funds in the High-Yield Municipal Bonds Category.

Rank 1ACGHMCapital Group Municipal High-Income ETFScore 80
Rank 2AHYDVanEck High Yield Muni ETFScore 79
Rank 7BTHYMT. Rowe Price High Income Municipal ETFScore 66
Rank 8BHIMUIshares High Yield Muni Active ETFScore 65
Rank 9BSHYMiShares Short Duration High Yield Muni Active ETFScore 62

Our read on each fund

ETF.net Research

CGHMACapital Group Municipal High-Income ETF

HIMUBIshares High Yield Muni Active ETF

In short

CGHM Index high-yield muni funds stop where the ratings stop. CGHM is Capital Group's active version: built to lean into lower-rated and unrated tax-exempt bonds, with the income paid out monthly.

HIMU No data

Stated mandate

CGHM The fund seeks a high level of current income that is exempt from regular federal income tax.

HIMU No data

Why people hold it

CGHM The mandate is the whole point: at least 60% in bonds rated BBB+/Baa1 or below, or unrated, the corner of the muni market index funds cap or skip.yahoo.com capitalgroup.com
Income lands monthly and is exempt from regular federal income tax, spread across roughly 600 bond positions rather than a few big credits.
A young fund that is already a multi-billion-dollar one, and what it holds lines up closely with the mandate it advertises.
Sits in the upper half of the muni ETF field we grade, a solid showing for an active fund fishing in the market's messier waters.

HIMU No data

Worth knowing

CGHM At 0.34% it runs above the 0.30% muni cohort median, and well above plain index core muni funds like VTEB (0.03%) and MUB (0.05%).
Lower-rated and unrated munis carry more credit and liquidity risk than investment-grade muni funds, so swings can be sharper when credit gets stressed.yahoo.com
Launched in 2024, so the history here is short and has not yet run through a full credit cycle.

HIMU No data

Full CGHM profile⁠

Full HIMU profile⁠

CGHM vs HIMU Holdings

How CGHM and HIMU differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile95.8%
Asset classFixed Income100%

Sector

No Sector split for CGHM.

Country, concentration and asset class

Country by domicile

Country weights in CGHM and HIMU, widest gap first
Country	More in CGHMMore in HIMU	CGHM	HIMU
United States	CGHM +4.2 points	92.9%	88.7%
Puerto Rico	HIMU +4.1 points	7.1%	11.2%
Canada	HIMU +0.1 points	0.0%	0.1%

Concentration

Weight in the 10 largest Holdings

CGHM6.5%
HIMU16.5%

Securities held

CGHM3,556
HIMU987

Asset class

CGHM: Fixed Income
HIMU: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. CGHM holds 3,556 securities, HIMU 987.

All CGHM holdings⁠All 1,010 HIMU holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CGHM vs HIMU Cost

Overpaying HIMU vs CGHM

$966

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

CGHM 0.34%
$6,932
HIMU 0.39%
$7,898

Amount$10,000

Years30 years

Cost over time

CGHM 0.34%
HIMU 0.39%
Overpaying

Year by year

Year	CGHM	HIMU	Overpaying
10	$616	$705	$89
20	$2,386	$2,725	$339
30	$6,932	$7,898	$966

Expense ratio

0.34%CGHM, cheaper
0.39%HIMU

CGHM0.34%HIMU0.39%

0.30%0.70%

Middle half of High-Yield Municipal Bonds funds
Median 0.39%

CGHM 5th cheapest of 18 funds

HIMU 9th cheapest of 18 funds

CGHM vs HIMU Dividends

Last 12 months to Nov 2, 2026

Yield (12M): CGHM 4.33%; HIMU 5.88%, better
Payout (12M): CGHM $1.07; HIMU $2.76
Last payment: CGHM $0.09; HIMU $0.20
Ex-dividend: CGHM Oct 30, 2026; HIMU Nov 2, 2026
Paid on: CGHM Nov 2, 2026; HIMU Pays Nov 5, 2026
Frequency: CGHM Monthly; HIMU Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

CGHMMonthly · 28 paymentsAll CGHM payments⁠

HIMUMonthly · 21 paymentsAll HIMU payments⁠

CGHM vs HIMU Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CGHM 5.7%since Jul 2024HIMU 7.3%since Mar 2025
Return per unit of riskSharpe ratio, 3 years: CGHM −0.12since Jul 2024HIMU −0.40since Mar 2025
Worst fallMax drawdown, 5 years: CGHM −6.8%since Jun 2024HIMU −8.3%since Feb 2025
Market sensitivityBeta, 5 years: CGHM 0.20HIMU 0.23; Market = 1

CGHM and HIMU in the news

All news⁠

New ETFs
MacKay's new muni ETF matches Capital Group's credit rule and waives its fee to 0.34%
Oct 5, 2026CGHMHIMU
New ETFs
GMO's ETF share class costs more than the fund's $35 million Class III shares
Oct 22, 2026HIMU
New ETFs
Nine new bond ETFs match the index fund beside them, or cost more
Oct 5, 2026HIMU
ETF Filings
Morgan Stanley files seven Eaton Vance muni ETFs with the fee left blank
Sep 16, 2026HIMU

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CGHM vs HIMU

In short

Stated mandate

Why people hold it