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CGSM vs VSDM

Capital Group Short Duration Municipal Income ETF

CGSMBNYSE Arca

Vanguard Short Duration Tax-Exempt Bond ETF

VSDMACboe

Overlap

No data

Expense ratio

VSDM −0.13pt a year

CGSM0.25%VSDM0.12%

Avg volume · 30D

CGSM 1.5×the volume

CGSM379KVSDM258K

CGSM vs VSDM Performance

Oct 31, 2025 – Oct 30, 2026

+2.3%CGSM+2.0%VSDM

Oct 31, 2025 to Oct 30, 2026. CGSM +2.3%. VSDM +2.0%. Use the arrow keys to read each point.−0.5%0%0.5%1%1.5%Oct 2025Apr 2026Oct 2026
Expense ratio
CGSM 0.25%
VSDM 0.12%, better
Fund size
CGSM $1.72B
VSDM $1.2B
1Y total return
CGSM +2.3%, better
VSDM +2.0%
Yield (12M)
CGSM 3.17%, better
VSDM 3.12%
Holdings
CGSM 1131
VSDM 3315
Avg volume (30D)
CGSM 379K sh, better
VSDM 258K sh
NAV per share
CGSM $26.11
VSDM $75.79
52W range

ETF.net Grade

CGSM: Cost 39, Risk 54, Mission 100, Tradability 46, Holdings 75, Durability 71. VSDM: Cost 85, Risk 48, Mission 100, Tradability 78, Holdings 75, Durability 62.
Pillar letters and Scores for CGSM, VSDM, with each pillar’s weight
PillarCGSMVSDM
Cost30% weightD39A85Higher
Mission25% weightA100A100
Risk15% weightC54HigherC48
Tradability15% weightC46A78Higher
Holdings10% weightA75A75
Durability5% weightA71HigherB62

Rank among Short-Duration Municipal Bonds funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CGSM and VSDM are both graded against the same 27 Short-Duration Municipal Bonds funds, so their Grades compare head to head.

Short-Duration Municipal Bonds⁠

Category · 27 funds
See all 27 ›

VSDM ranks 2nd and CGSM 13th of 27 funds in the Short-Duration Municipal Bonds Category.

  1. Rank 1AVTESVanguard Short-Term Tax-Exempt Bond ETFScore 81
  2. Rank 2ASUBiShares Short-Term National Muni Bond ETFScore 80
  3. Rank 2AVSDMVanguard Short Duration Tax-Exempt Bond ETFScore 80
  4. Rank 4ATAXSNorthern Trust Short-Term Tax-Exempt Bond ETFScore 77
  5. Rank 11BMEARiShares Short Maturity Municipal Bond Active ETFScore 64
  6. Rank 13BCGSMCapital Group Short Duration Municipal Income ETFScore 62
  7. Rank 14BTMNST. Rowe Price Short Municipal Income ETFScore 61

Our read on each fund

ETF.net Research

CGSMBCapital Group Short Duration Municipal Income ETF

VSDMAVanguard Short Duration Tax-Exempt Bond ETF

In short

CGSM Muni income on a short leash: about 600 municipal bonds kept at the short end for federally tax-exempt income, paid monthly, at 0.25% a year. Less rate whiplash than long-dated muni portfolios, and priced under the muni-fund middle.

VSDM No data

Stated mandate

CGSM The fund seeks current income exempt from regular federal income tax while maintaining a short-duration profile and preserving capital.

VSDM No data

Why people hold it

  • CGSM Short duration is the point: bonds maturing sooner move less when rates do, so the ride tends to be milder than a long-dated muni portfolio's.
  • 0.25% a year sits below the muni-ETF middle, and the income it targets is exempt from regular federal income tax.
  • About 600 bonds, monthly distributions, and a multi-billion-dollar asset base that keeps the fund reasonably easy to get in and out of.
  • One of the stronger showings in a crowded muni bond field, where most of the shelf is long-duration and index-tracking.

VSDM No data

Worth knowing

  • CGSM Plain index muni funds cost less: VTEB and SCMB charge 0.03% against 0.25% here. That gap is the price of a managed short-duration portfolio.
  • Federal tax exemption is not blanket tax-free. State and local treatment depends on where you live and where the bonds were issued.
  • It opened in 2023, so the record is short next to muni funds that have seen more rate cycles.

VSDM No data

Full CGSM profile⁠

Full VSDM profile⁠

CGSM vs VSDM 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.

CGSM vs VSDM Cost

Overpaying CGSM vs VSDM

$2,639

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

  • CGSM 0.25%

    $5,159

  • VSDM 0.12%

    $2,520

$10,000
30 years

Cost over time

  • CGSM 0.25%
  • VSDM 0.12%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530CGSM $5,159VSDM $2,520

Year by year

YearCGSMVSDMOverpaying
10$455$220$235
20$1,769$859$910
30$5,159$2,520$2,639

Expense ratio

  • 0.25%CGSM
  • 0.12%VSDM, cheaper
  • Middle half of Short-Duration Municipal Bonds funds
  • Median 0.21%

VSDM 5th cheapest of 27 funds

CGSM 15th cheapest of 27 funds

CGSM vs VSDM Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CGSM 3.17%, better
VSDM 3.12%
Payout (12M)
CGSM $0.83
VSDM $2.37
Last payment
CGSM $0.06
VSDM $0.19
Ex-dividend
CGSM Oct 30, 2026
VSDM Oct 1, 2026
Paid on
CGSM Pays Nov 2, 2026
VSDM Oct 5, 2026
Frequency
CGSM Monthly
VSDM Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

CGSMMonthly · 37 paymentsAll CGSM payments⁠
One bar per payment. 37 payments from 2023 to 2026 YTD. Oct 31, 2023 $0.06; Nov 30, 2023 $0.06; Dec 28, 2023 $0.10; Jan 31, 2024 $0.06; Feb 29, 2024 $0.07; Mar 27, 2024 $0.08; Apr 30, 2024 $0.08; May 31, 2024 $0.08; Jun 27, 2024 $0.07; Jul 31, 2024 $0.03; Aug 30, 2024 $0.06; Sep 27, 2024 $0.06; Oct 31, 2024 $0.08; Nov 29, 2024 $0.06; Dec 24, 2024 $0.09; Jan 31, 2025 $0.05; Feb 28, 2025 $0.07; Mar 28, 2025 $0.07; Apr 30, 2025 $0.08; May 30, 2025 $0.07; Jun 27, 2025 $0.06; Jul 31, 2025 $0.08; Aug 29, 2025 $0.06; Sep 29, 2025 $0.06; Oct 31, 2025 $0.07; Nov 28, 2025 $0.06; Dec 24, 2025 $0.08; Jan 30, 2026 $0.06; Feb 27, 2026 $0.07; Mar 30, 2026 $0.07; Apr 30, 2026 $0.07; May 29, 2026 $0.06; Jun 29, 2026 $0.05; Jul 31, 2026 $0.07; Aug 31, 2026 $0.06; Sep 29, 2026 $0.06; Oct 30, 2026 $0.06. Use the arrow keys to read each point.$0$0.2520232026YTD
VSDMMonthly · 22 paymentsAll VSDM payments⁠
One bar per payment. 22 payments from 2023 to 2026 YTD. Dec 24, 2024 $0.26; Feb 3, 2025 $0.20; Mar 3, 2025 $0.20; Apr 1, 2025 $0.16; May 1, 2025 $0.19; Jun 2, 2025 $0.20; Jul 1, 2025 $0.19; Aug 1, 2025 $0.19; Sep 2, 2025 $0.20; Oct 1, 2025 $0.20; Nov 3, 2025 $0.20; Dec 1, 2025 $0.20; Dec 18, 2025 $0.20; Feb 2, 2026 $0.19; Mar 2, 2026 $0.20; Apr 1, 2026 $0.20; May 1, 2026 $0.20; Jun 1, 2026 $0.20; Jul 1, 2026 $0.20; Aug 3, 2026 $0.20; Sep 1, 2026 $0.20; Oct 1, 2026 $0.19. Use the arrow keys to read each point.$0$0.2520232026YTD

CGSM vs VSDM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CGSM 2.7%VSDM 2.9%since Dec 2024
Return per unit of riskSharpe ratio, 3 years
CGSM 0.06VSDM −0.26since Dec 2024
Worst fallMax drawdown, 5 years
CGSM −2.4%since Sep 2023VSDM −2.8%since Nov 2024
Market sensitivityBeta, 5 years
CGSM 0.11VSDM 0.09

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