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American Funds Global Growth Portfolio (CPGAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

The investment seeks long-term growth of capital. The fund invests in a mix of American Funds in different combinations and weightings. The underlying American Funds will primarily consist of growth funds. Through its investments in the underlying funds, the fund will have significant exposure to growth-oriented common stocks. The fund will typically have significant exposure to issuers domiciled outside the United States. It will seek to invest at least 25% of its net assets in underlying funds that invest significantly (under normal market conditions, at least 40%) in issuers domiciled outside the United States.

Looking to diversify beyond CPGAX? The mutual funds below have the lowest correlation with CPGAX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CPGAX.

Best Diversifiers for CPGAX

2 mutual funds have low correlation with CPGAX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.20, down from 0.51 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CSUAX
Cohen & Steers Global Infrastructure Fund Class A0.200.360.51
75
Global EquitiesCPGAX vs CSUAX
FGIAX
Nuveen Global Infrastructure Fund Class A0.280.440.60
68
Global EquitiesCPGAX vs FGIAX
VMNVX
Vanguard Global Minimum Volatility Fund Admiral Sh...0.470.590.69
69
Global EquitiesCPGAX vs VMNVX
RTXAX
Russell Investment Tax-Managed Real Assets Fund0.470.610.70
85
Global EquitiesCPGAX vs RTXAX
VMVFX
Vanguard Global Minimum Volatility Fund Investor S...0.470.590.69
69
Global EquitiesCPGAX vs VMVFX
See all 33 diversifiers for CPGAX

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