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ETF comparison

CGMU vs HYD

Both US Municipal Bond.

Capital Group Municipal Income ETF · VanEck High Yield Muni ETF

Holdings overlap

Weighted by ISIN/CUSIP
8.0 %

229 positions appear in both funds. Buying equal dollars of CGMU and HYD would leave roughly 8.0% of each dollar exposed to the same underlying securities.

CGMU unmatched 92.5% Shared 8.0% HYD unmatched 88.8%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In CGMU only
2,106 positions
Shared
229 positions
In HYD only
1,874 positions

Side by side

CGMU

Capital Group Municipal Income ETF

Capital Group · US Municipal Bond

86 composite / 100
Expense ratio
0.27%
Net assets
$6.76B
TTM yield
3.47%
Top-10 conc.
5.1%
HYD

VanEck High Yield Muni ETF

VanEck · US Municipal Bond

81 composite / 100
Expense ratio
0.32%
Net assets
$3.89B
TTM yield
4.51%
Top-10 conc.
6.3%

Sub-score comparison

73
Cost
68
93
Tax efficiency
93
93
Liquidity
82
100
Concentration
100
—
Tracking quality
—
CGMU sub-score HYD

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

CGMU is 5 bps cheaper than HYD. On a $100,000 position that's about $50/yr more in fees for HYD.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with CGMU vs HYD.

Top shared holdings

229 shared in total
# Holding In CGMU In HYD Overlap
1 Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.69% 0.27% 0.27%
2 Commonwealth of Puerto Rico 0.16% 0.20% 0.16%
3 Florida Development Finance Corp 0.16% 0.52% 0.16%
4 Berks County Municipal Authority/The 0.14% 0.21% 0.14%
5 Black Belt Energy Gas District 0.13% 0.12% 0.12%
6 New Jersey Health Care Facilities Financing Authority 0.34% 0.12% 0.12%
7 Mission Economic Development Corp 0.13% 0.12% 0.12%
8 Arkansas Development Finance Authority 0.32% 0.11% 0.11%
9 Mission Economic Development Corp 0.11% 0.33% 0.11%
10 New York Energy Finance Development Corp 0.22% 0.11% 0.11%
11 Southeast Energy Authority A Cooperative District 0.26% 0.10% 0.10%
12 New York Transportation Development Corp 0.10% 0.16% 0.10%

Only in CGMU

2,106 total
  • Commonwealth of Puerto Rico 0.82%
  • City of New York NY 0.51%
  • New York City Municipal Water Finance Authority 0.47%
  • County of Montgomery MD 0.44%
  • New York City Municipal Water Finance Authority 0.44%
  • Maryland Health & Higher Educational Facilities Authority 0.40%
  • Triborough Bridge & Tunnel Authority 0.36%
  • Main Street Natural Gas Inc 0.34%
  • Black Belt Energy Gas District 0.33%
  • Commonwealth of Puerto Rico 0.33%

Only in HYD

1,874 total
  • Tobacco Settlement Financing Corp 0.71%
  • Buckeye Tobacco Settlement Financing Authority 0.69%
  • New York Transportation Development Corp 0.61%
  • Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.58%
  • Chicago Board of Education 0.53%
  • New York Transportation Development Corp 0.48%
  • Arkansas Development Finance Authority 0.45%
  • Florida Development Finance Corp 0.44%
  • California Statewide Communities Development Authority 0.43%
  • Public Finance Authority 0.42%

Related comparisons

More comparisons with CGMU

More comparisons with HYD

Percentages are holdings overlap with the named fund.

Open CGMU or HYD at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.