CGGE vs. CGGO

Last updated Jun 24, 2026

CGGE (Capital Group Global Equity ETF) and CGGO (Capital Group Global Growth Equity ETF) are both Global Equities funds from Capital Group. Both are actively managed. Over the past year, CGGE returned 21.82% vs 34.69% for CGGO. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.47% expense ratio.

Performance

CGGE vs. CGGO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Global Equity ETF (CGGE) and Capital Group Global Growth Equity ETF (CGGO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGGE achieves a 8.31% return, which is significantly lower than CGGO's 17.98% return.

CGGE

• 1D: -2.03%
• 1M: 1.09%
• YTD: 8.31%
• 6M: 7.73%
• 1Y: 21.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CGGO

• 1D: -4.02%
• 1M: 3.86%
• YTD: 17.98%
• 6M: 17.46%
• 1Y: 34.69%
• 3Y*: 21.20%
• 5Y*: —
• 10Y*: —

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

CGGE vs. CGGO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CGGE Capital Group Global Equity ETF	8.31%	24.50%	2.05%
CGGO Capital Group Global Growth Equity ETF	17.98%	21.08%	-0.74%

Correlation

The correlation between CGGE and CGGO is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024	0.94

The correlation between CGGE and CGGO has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.

CGGE vs. CGGO - Sectors Allocation Comparison

Sectors	CGGE	CGGO
Technology	32.9%	40.3%
Industrials	18.3%	13.6%
Financial Services	14.0%	9.7%
Communication Services	7.6%	7.1%
Healthcare	7.5%	8.6%
Consumer Cyclical	4.6%	9.2%
Consumer Defensive	4.4%	4.0%
Utilities	4.3%	0.8%
Energy	2.9%	1.7%
Basic Materials	2.7%	3.2%
Real Estate	0.9%	-

Return for Risk

CGGE vs. CGGO — Risk / Return Rank

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

CGGE

CGGE Risk / Return Rank: 47
CGGE Sharpe Ratio Rank: 46
CGGE Sortino Ratio Rank: 47
CGGE Omega Ratio Rank: 44
CGGE Calmar Ratio Rank: 43
CGGE Martin Ratio Rank: 55

CGGO

CGGO Risk / Return Rank: 59
CGGO Sharpe Ratio Rank: 58
CGGO Sortino Ratio Rank: 55
CGGO Omega Ratio Rank: 59
CGGO Calmar Ratio Rank: 56
CGGO Martin Ratio Rank: 67

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.

CGGE vs. CGGO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Global Equity ETF (CGGE) and Capital Group Global Growth Equity ETF (CGGO). 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.

	CGGE	CGGO	Difference
Sharpe ratio: Return per unit of total volatility	1.49	1.85	-0.35
Sortino ratio: Return per unit of downside risk	2.17	2.50	-0.34
Omega ratio: Gain probability vs. loss probability	1.27	1.34	-0.08
Calmar ratio: Return relative to maximum drawdown	2.01	2.65	-0.65
Martin ratio: Return relative to average drawdown	9.06	11.66	-2.60

CGGE vs. CGGO - Sharpe Ratio Comparison

The current CGGE Sharpe Ratio is 1.49, which is comparable to the CGGO Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of CGGE and CGGO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CGGE vs. CGGO - Drawdown Comparison

The maximum CGGE drawdown since its inception was -14.44%, smaller than the maximum CGGO drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for CGGE and CGGO.

Drawdown Indicators

	CGGE	CGGO	Difference
Max Drawdown Largest peak-to-trough decline	-14.44%	-24.90%	+10.46%
Max Drawdown (1Y) Largest decline over 1 year	-10.93%	-13.15%	+2.22%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.93%	—
Current Drawdown Current decline from peak	-2.11%	-4.02%	+1.91%
Average Drawdown Average peak-to-trough decline	-1.76%	-5.46%	+3.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	2.98%	-0.57%

Volatility

CGGE vs. CGGO - Volatility Comparison

The current volatility for Capital Group Global Equity ETF (CGGE) is 5.89%, while Capital Group Global Growth Equity ETF (CGGO) has a volatility of 9.82%. This indicates that CGGE experiences smaller price fluctuations and is considered to be less risky than CGGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGGE	CGGO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.89%	9.82%	-3.93%
Volatility (6M) Calculated over the trailing 6-month period	12.58%	16.81%	-4.23%
Volatility (1Y) Calculated over the trailing 1-year period	14.68%	18.89%	-4.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.67%	18.99%	-3.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.67%	18.99%	-3.32%

CGGE vs. CGGO - Expense Ratio Comparison

Both CGGE and CGGO have an expense ratio of 0.47%.

Dividends

CGGE vs. CGGO - Dividend Comparison

CGGE's dividend yield for the trailing twelve months is around 0.37%, less than CGGO's 1.72% yield.

Position	TTM	2025	2024	2023	2022
CGGE Capital Group Global Equity ETF	0.37%	0.40%	0.35%	0.00%	0.00%
CGGO Capital Group Global Growth Equity ETF	1.72%	2.03%	1.10%	0.76%	0.59%

Frequently Asked Questions

Can I hold both CGGE and CGGO in my portfolio?

With a correlation of 0.94, CGGE and CGGO 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.

Which is riskier, CGGE or CGGO?

CGGO has higher volatility (9.82%) compared to CGGE (5.89%). In terms of maximum drawdown, CGGE dropped -14.44% vs CGGO's -24.90%.

Which ETF is better, CGGE or CGGO?

On 1-year performance, CGGO leads with 34.69% vs 21.82% for CGGE. Both ETFs have the same 0.47% expense ratio. On volatility, CGGE has been the lower-risk option at 5.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGGE or CGGO?

Over the 1-year period, CGGO has performed better with a 34.69% return vs 21.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGGE or CGGO?

CGGE and CGGO have the same expense ratio: 0.47% per year.

Which ETF pays a higher dividend yield, CGGE or CGGO?

CGGO has the higher dividend yield at 1.72%, compared with 0.37% for CGGE.

Which has better risk-adjusted returns?

CGGO currently has the higher Sharpe Ratio (1.85 vs 1.49), 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.