Computer Graphics Metafile (CGM) is free, platform-independent, international standard metafile format for storing and exchanging vector graphics (2D), raster graphics, and text. CGM uses an object-oriented approach and many function provisions for image production. CGM uses these object-oriented characteristics for remolding graphical elements to render an image. A metafile contains necessary information that defines other files. In CGM, a text-based source file contains all graphical elements that can be later compiled into a binary file.
An XPS file represents page layout files that are based on XML Paper Specifications created by Microsoft. This format was developed by Microsoft as replacement of EMF file format and is similar to PDF file format, but uses XML in layout, appearance, and printing information of a document. It is, in fact, more justified to say that XPS is an attempt on PDF, but couldn't get enough popularity as owned by PDF for a number of reasons.
You can also convert CGM into many other file formats. Please see the complete list below.