CGDG vs. OAKGX

Last updated Jun 5, 2026

CGDG (Capital Group Dividend Growers ETF) and OAKGX (Oakmark Global Fund) are both Global Equities funds. Over the past year, CGDG returned 15.94% vs 14.67% for OAKGX. A 0.78 correlation means they provide meaningful diversification when combined. CGDG charges 0.47%/yr vs 1.11%/yr for OAKGX.

Performance

CGDG vs. OAKGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Dividend Growers ETF (CGDG) and Oakmark Global Fund (OAKGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGDG achieves a 5.46% return, which is significantly higher than OAKGX's 1.84% return.

CGDG

• 1D: 0.46%
• 1M: 0.89%
• YTD: 5.46%
• 6M: 6.21%
• 1Y: 15.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OAKGX

• 1D: -1.00%
• 1M: 2.39%
• YTD: 1.84%
• 6M: 5.59%
• 1Y: 14.67%
• 3Y*: 10.07%
• 5Y*: 5.66%
• 10Y*: 10.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CGDG vs. OAKGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CGDG Capital Group Dividend Growers ETF	5.46%	22.74%	11.52%	9.54%
OAKGX Oakmark Global Fund	1.84%	21.19%	2.53%	7.59%

Correlation

The correlation between CGDG and OAKGX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023	0.78

The correlation between CGDG and OAKGX has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.

Return for Risk

CGDG vs. OAKGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CGDG

CGDG Risk / Return Rank: 44
CGDG Sharpe Ratio Rank: 44
CGDG Sortino Ratio Rank: 43
CGDG Omega Ratio Rank: 42
CGDG Calmar Ratio Rank: 43
CGDG Martin Ratio Rank: 49

OAKGX

OAKGX Risk / Return Rank: 16
OAKGX Sharpe Ratio Rank: 16
OAKGX Sortino Ratio Rank: 17
OAKGX Omega Ratio Rank: 15
OAKGX Calmar Ratio Rank: 15
OAKGX Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CGDG vs. OAKGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Dividend Growers ETF (CGDG) and Oakmark Global Fund (OAKGX). 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.

	CGDG	OAKGX	Difference
Sharpe ratio: Return per unit of total volatility	1.51	1.13	+0.38
Sortino ratio: Return per unit of downside risk	2.11	1.70	+0.41
Omega ratio: Gain probability vs. loss probability	1.27	1.20	+0.06
Calmar ratio: Return relative to maximum drawdown	2.07	1.31	+0.76
Martin ratio: Return relative to average drawdown	8.02	4.19	+3.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGDG vs. OAKGX - Sharpe Ratio Comparison

The current CGDG Sharpe Ratio is 1.51, which is higher than the OAKGX Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of CGDG and OAKGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CGDG	OAKGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	1.13	+0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.31	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.54	0.48	+1.06

Drawdowns

CGDG vs. OAKGX - Drawdown Comparison

The maximum CGDG drawdown since its inception was -10.52%, smaller than the maximum OAKGX drawdown of -60.43%. Use the drawdown chart below to compare losses from any high point for CGDG and OAKGX.

Drawdown Indicators

	CGDG	OAKGX	Difference
Max Drawdown Largest peak-to-trough decline	-10.52%	-60.43%	+49.91%
Max Drawdown (1Y) Largest decline over 1 year	-7.72%	-11.58%	+3.86%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.54%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.14%	—
Current Drawdown Current decline from peak	-0.96%	-2.36%	+1.40%
Average Drawdown Average peak-to-trough decline	-1.32%	-9.38%	+8.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	3.61%	-1.62%

Volatility

CGDG vs. OAKGX - Volatility Comparison

Capital Group Dividend Growers ETF (CGDG) and Oakmark Global Fund (OAKGX) have volatilities of 3.22% and 3.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGDG	OAKGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.22%	3.33%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	8.28%	9.82%	-1.54%
Volatility (1Y) Calculated over the trailing 1-year period	10.63%	13.41%	-2.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.15%	18.51%	-6.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.15%	20.66%	-8.51%

CGDG vs. OAKGX - Expense Ratio Comparison

CGDG has a 0.47% expense ratio, which is lower than OAKGX's 1.11% expense ratio.

Dividends

CGDG vs. OAKGX - Dividend Comparison

CGDG's dividend yield for the trailing twelve months is around 1.87%, more than OAKGX's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGDG Capital Group Dividend Growers ETF	1.87%	1.95%	2.15%	0.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OAKGX Oakmark Global Fund	1.09%	1.11%	1.19%	4.35%	0.75%	17.98%	0.16%	3.71%	14.80%	7.50%	1.07%	2.87%

Frequently Asked Questions

Can I hold both CGDG and OAKGX in my portfolio?

CGDG and OAKGX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGDG or OAKGX?

OAKGX has higher volatility (3.33%) compared to CGDG (3.22%). In terms of maximum drawdown, CGDG dropped -10.52% vs OAKGX's -60.43%.

Which has better risk-adjusted returns?

CGDG currently has the higher Sharpe Ratio (1.51 vs 1.13), 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.