CBAAX vs. CGNAX
CBAAX (American Funds Moderate Growth and Income Portfolio) and CGNAX (American Funds Growth and Income Portfolio) are both Diversified Portfolio funds from American Funds. Over the past 10 years, CBAAX returned 9.12%/yr vs 10.79%/yr for CGNAX. With a 0.99 correlation, they move nearly in lockstep. CBAAX charges 0.35%/yr vs 0.36%/yr for CGNAX.
Performance
CBAAX vs. CGNAX - Performance Comparison
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Returns By Period
In the year-to-date period, CBAAX achieves a 7.62% return, which is significantly lower than CGNAX's 9.17% return. Over the past 10 years, CBAAX has underperformed CGNAX with an annualized return of 9.12%, while CGNAX has yielded a comparatively higher 10.79% annualized return.
CBAAX
- 1D
- 0.28%
- 1M
- 0.35%
- YTD
- 7.62%
- 6M
- 7.62%
- 1Y
- 15.69%
- 3Y*
- 14.10%
- 5Y*
- 7.53%
- 10Y*
- 9.12%
CGNAX
- 1D
- 0.43%
- 1M
- 0.48%
- YTD
- 9.17%
- 6M
- 9.17%
- 1Y
- 17.87%
- 3Y*
- 16.66%
- 5Y*
- 9.16%
- 10Y*
- 10.79%
CBAAX vs. CGNAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBAAX American Funds Moderate Growth and Income Portfolio | 7.62% | 16.62% | 11.27% | 13.82% | -13.58% | 13.79% | 13.20% | 19.42% | -4.63% | 16.65% |
CGNAX American Funds Growth and Income Portfolio | 9.17% | 17.85% | 14.51% | 18.73% | -15.96% | 16.36% | 16.31% | 21.78% | -5.88% | 18.99% |
Correlation
The correlation between CBAAX and CGNAX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since May 21, 2012 | 0.99 |
The correlation between CBAAX and CGNAX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
CBAAX vs. CGNAX — Risk / Return Rank
CBAAX
CGNAX
CBAAX vs. CGNAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Moderate Growth and Income Portfolio (CBAAX) and American Funds Growth and Income Portfolio (CGNAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CBAAX | CGNAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.31 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 2.13 | +0.01 |
| Martin ratioReturn relative to average drawdown | 9.44 | 9.47 | -0.02 |
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Drawdowns
CBAAX vs. CGNAX - Drawdown Comparison
The maximum CBAAX drawdown since its inception was -23.16%, smaller than the maximum CGNAX drawdown of -26.56%. Use the drawdown chart below to compare losses from any high point for CBAAX and CGNAX.
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Drawdown Indicators
| CBAAX | CGNAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.16% | -26.56% | +3.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.31% | -8.28% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -10.62% | -13.09% | +2.47% |
Max Drawdown (5Y)Largest decline over 5 years | -20.72% | -23.14% | +2.42% |
Max Drawdown (10Y)Largest decline over 10 years | -23.16% | -26.56% | +3.40% |
Current DrawdownCurrent decline from peak | -0.03% | 0.00% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -2.92% | -3.44% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 1.86% | -0.20% |
Volatility
CBAAX vs. CGNAX - Volatility Comparison
The current volatility for American Funds Moderate Growth and Income Portfolio (CBAAX) is 3.49%, while American Funds Growth and Income Portfolio (CGNAX) has a volatility of 4.21%. This indicates that CBAAX experiences smaller price fluctuations and is considered to be less risky than CGNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBAAX | CGNAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 4.21% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 7.40% | 8.79% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.94% | 10.69% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.48% | 12.71% | -2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.79% | 13.15% | -2.36% |
CBAAX vs. CGNAX - Expense Ratio Comparison
CBAAX has a 0.35% expense ratio, which is lower than CGNAX's 0.36% expense ratio.
Dividends
CBAAX vs. CGNAX - Dividend Comparison
CBAAX's dividend yield for the trailing twelve months is around 5.49%, more than CGNAX's 5.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBAAX American Funds Moderate Growth and Income Portfolio | 5.49% | 5.81% | 3.56% | 2.26% | 5.97% | 4.95% | 2.54% | 3.80% | 4.65% | 3.43% | 3.59% | 3.59% |
CGNAX American Funds Growth and Income Portfolio | 5.17% | 5.48% | 4.79% | 2.78% | 6.42% | 5.11% | 3.97% | 5.48% | 6.06% | 3.40% | 4.30% | 4.51% |
Frequently Asked Questions
With a correlation of 0.99, CBAAX and CGNAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
CGNAX has higher volatility (4.21%) compared to CBAAX (3.49%). In terms of maximum drawdown, CBAAX dropped -23.16% vs CGNAX's -26.56%.
CBAAX currently has the higher Sharpe Ratio (1.76 vs 1.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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