CGGE vs. IMFL

Last updated Jun 4, 2026

CGGE (Capital Group Global Equity ETF) and IMFL (Invesco International Developed Dynamic Multifactor ETF) are both Global Equities funds. CGGE is actively managed, while IMFL is passively managed. Over the past year, CGGE returned 22.27% vs 33.05% for IMFL. Their correlation of 0.80 suggests significant overlap in exposure. CGGE charges 0.47%/yr vs 0.34%/yr for IMFL.

Performance

CGGE vs. IMFL - Performance Comparison

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

Returns By Period

In the year-to-date period, CGGE achieves a 9.07% return, which is significantly lower than IMFL's 17.58% return.

CGGE

• 1D: -0.66%
• 1M: 4.96%
• YTD: 9.07%
• 6M: 10.03%
• 1Y: 22.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IMFL

• 1D: -0.54%
• 1M: 5.50%
• YTD: 17.58%
• 6M: 20.95%
• 1Y: 33.05%
• 3Y*: 17.51%
• 5Y*: 8.50%
• 10Y*: —

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

CGGE vs. IMFL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CGGE Capital Group Global Equity ETF	9.07%	24.50%	2.30%
IMFL Invesco International Developed Dynamic Multifactor ETF	17.58%	30.89%	-3.03%

Correlation

The correlation between CGGE and IMFL is 0.83, 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	0.83
Correlation (All Time) Calculated using the full available price history since Jun 28, 2024	0.80

The correlation between CGGE and IMFL has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.

CGGE vs. IMFL - Sectors Allocation Comparison

Sectors	CGGE	IMFL
Technology	29.7%	15.4%
Industrials	18.4%	17.4%
Financial Services	14.3%	11.0%
Communication Services	9.0%	3.6%
Healthcare	7.2%	12.8%
Consumer Cyclical	5.0%	7.5%
Utilities	4.8%	3.9%
Consumer Defensive	4.5%	11.6%
Energy	3.2%	5.9%
Basic Materials	2.8%	5.5%
Real Estate	1.0%	1.5%

Return for Risk

CGGE vs. IMFL — 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: 47
CGGE Sortino Ratio Rank: 47
CGGE Omega Ratio Rank: 46
CGGE Calmar Ratio Rank: 42
CGGE Martin Ratio Rank: 55

IMFL

IMFL Risk / Return Rank: 60
IMFL Sharpe Ratio Rank: 64
IMFL Sortino Ratio Rank: 61
IMFL Omega Ratio Rank: 61
IMFL Calmar Ratio Rank: 57
IMFL Martin Ratio Rank: 57

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. IMFL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Global Equity ETF (CGGE) and Invesco International Developed Dynamic Multifactor ETF (IMFL). 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.

	CGGE	IMFL	Difference
Sharpe ratio: Return per unit of total volatility	1.63	2.12	-0.49
Sortino ratio: Return per unit of downside risk	2.36	2.88	-0.51
Omega ratio: Gain probability vs. loss probability	1.29	1.37	-0.08
Calmar ratio: Return relative to maximum drawdown	2.05	2.82	-0.77
Martin ratio: Return relative to average drawdown	9.38	9.97	-0.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGGE vs. IMFL - Sharpe Ratio Comparison

The current CGGE Sharpe Ratio is 1.63, which is comparable to the IMFL Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of CGGE and IMFL, 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

	CGGE	IMFL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	2.12	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	0.62	+0.59

Drawdowns

CGGE vs. IMFL - Drawdown Comparison

The maximum CGGE drawdown since its inception was -14.44%, smaller than the maximum IMFL drawdown of -33.26%. Use the drawdown chart below to compare losses from any high point for CGGE and IMFL.

Drawdown Indicators

	CGGE	IMFL	Difference
Max Drawdown Largest peak-to-trough decline	-14.44%	-33.26%	+18.82%
Max Drawdown (1Y) Largest decline over 1 year	-10.93%	-11.77%	+0.84%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.52%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.26%	—
Current Drawdown Current decline from peak	-0.66%	-0.54%	-0.12%
Average Drawdown Average peak-to-trough decline	-1.77%	-7.24%	+5.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	3.32%	-0.94%

Volatility

CGGE vs. IMFL - Volatility Comparison

The current volatility for Capital Group Global Equity ETF (CGGE) is 4.26%, while Invesco International Developed Dynamic Multifactor ETF (IMFL) has a volatility of 5.74%. This indicates that CGGE experiences smaller price fluctuations and is considered to be less risky than IMFL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGGE	IMFL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	5.74%	-1.48%
Volatility (6M) Calculated over the trailing 6-month period	11.52%	13.08%	-1.56%
Volatility (1Y) Calculated over the trailing 1-year period	13.75%	15.71%	-1.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.39%	16.05%	-0.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.39%	15.99%	-0.60%

CGGE vs. IMFL - Expense Ratio Comparison

CGGE has a 0.47% expense ratio, which is higher than IMFL's 0.34% expense ratio.

Dividends

CGGE vs. IMFL - Dividend Comparison

CGGE's dividend yield for the trailing twelve months is around 0.37%, less than IMFL's 2.87% yield.

Position	TTM	2025	2024	2023	2022	2021
CGGE Capital Group Global Equity ETF	0.37%	0.40%	0.35%	0.00%	0.00%	0.00%
IMFL Invesco International Developed Dynamic Multifactor ETF	2.87%	2.88%	3.56%	3.85%	3.35%	3.94%

Frequently Asked Questions

Can I hold both CGGE and IMFL in my portfolio?

CGGE and IMFL have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGGE or IMFL?

IMFL has higher volatility (5.74%) compared to CGGE (4.26%). In terms of maximum drawdown, CGGE dropped -14.44% vs IMFL's -33.26%.

Which ETF is better, CGGE or IMFL?

On 1-year performance, IMFL leads with 33.05% vs 22.27% for CGGE. On fees, IMFL is cheaper at 0.34% per year. On volatility, CGGE has been the lower-risk option at 4.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGGE or IMFL?

Over the 1-year period, IMFL has performed better with a 33.05% return vs 22.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGGE or IMFL?

IMFL is cheaper with a 0.34% expense ratio, compared with 0.47% for CGGE.

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

IMFL has the higher dividend yield at 2.87%, compared with 0.37% for CGGE.

What is the main difference between CGGE and IMFL?

They also come from different issuers: Capital Group and Invesco. Their fees differ too: 0.47% for CGGE and 0.34% for IMFL.

Which has better risk-adjusted returns?

IMFL currently has the higher Sharpe Ratio (2.12 vs 1.63), 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.