CGGO vs. ACWI
CGGO (Capital Group Global Growth Equity ETF) and ACWI (iShares MSCI ACWI ETF) are both Global Equities funds. CGGO is actively managed, while ACWI is passively managed. Over the past 3 years, CGGO returned 18.34%/yr vs 18.53%/yr for ACWI. Their 0.95 correlation means they have historically moved very closely together. CGGO charges 0.47%/yr vs 0.32%/yr for ACWI.
Performance
CGGO vs. ACWI - Performance Comparison
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Returns By Period
In the year-to-date period, CGGO achieves a 14.00% return, which is significantly higher than ACWI's 11.28% return.
CGGO
- 1D
- 0.05%
- 1M
- -3.12%
- 6M
- 8.70%
- YTD
- 14.00%
- 1Y
- 25.28%
- 3Y*
- 18.34%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.50%
ACWI
- 1D
- 0.49%
- 1M
- 0.18%
- 6M
- 8.21%
- YTD
- 11.28%
- 1Y
- 23.78%
- 3Y*
- 18.53%
- 5Y*
- 10.82%
- 10Y*
- 12.53%
- ALL TIME*
- 8.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $420.02M | $465.87M | $510.46M | |
| $56.29M | $53.53M | $52.79M |
CGGO vs. ACWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CGGO Capital Group Global Growth Equity ETF | 14.00% | 21.08% | 14.80% | 23.43% | -10.40% |
ACWI iShares MSCI ACWI ETF | 11.28% | 22.41% | 17.45% | 22.27% | -10.10% |
Correlation
The correlation between CGGO and ACWI is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022 | 0.95 |
The correlation between CGGO and ACWI has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
CGGO vs. ACWI - Sectors Allocation Comparison
Sectors
CGGO
ACWI
Technology
Industrials
Financial Services
Healthcare
Consumer Cyclical
Communication Services
Basic Materials
Consumer Defensive
Energy
Utilities
Real Estate
-
Technology
CGGO
ACWI
Industrials
CGGO
ACWI
Financial Services
CGGO
ACWI
Healthcare
CGGO
ACWI
Consumer Cyclical
CGGO
ACWI
Communication Services
CGGO
ACWI
Basic Materials
CGGO
ACWI
Consumer Defensive
CGGO
ACWI
Energy
CGGO
ACWI
Utilities
CGGO
ACWI
Real Estate
CGGO
-
ACWI
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Return for Risk
CGGO vs. ACWI — Risk / Return Rank
CGGO
ACWI
CGGO vs. ACWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Global Growth Equity ETF (CGGO) and iShares MSCI ACWI ETF (ACWI). 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.
| CGGO | ACWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.29 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.29 | -0.48 |
| Martin ratioReturn relative to average drawdown | 6.67 | 9.58 | -2.91 |
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Drawdowns
CGGO vs. ACWI - Drawdown Comparison
The maximum CGGO drawdown since its inception was -24.90%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for CGGO and ACWI.
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Drawdown Indicators
| CGGO | ACWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.90% | -56.00% | +31.10% |
Max Drawdown (1Y)Largest decline over 1 year | -13.15% | -9.73% | -3.42% |
Max Drawdown (3Y)Largest decline over 3 years | -17.93% | -16.55% | -1.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.53% | — |
Current DrawdownCurrent decline from peak | -7.26% | -1.58% | -5.68% |
Average DrawdownAverage peak-to-trough decline | -5.46% | -8.55% | +3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 2.33% | +1.23% |
Volatility
CGGO vs. ACWI - Volatility Comparison
Capital Group Global Growth Equity ETF (CGGO) has a higher volatility of 7.38% compared to iShares MSCI ACWI ETF (ACWI) at 4.03%. This indicates that CGGO's price experiences larger fluctuations and is considered to be riskier than ACWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGGO | ACWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 4.03% | +3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 18.39% | 11.71% | +6.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.43% | 14.01% | +6.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.18% | 16.23% | +2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.18% | 17.06% | +2.12% |
CGGO vs. ACWI - Expense Ratio Comparison
CGGO has a 0.47% expense ratio, which is higher than ACWI's 0.32% expense ratio.
Dividends
CGGO vs. ACWI - Dividend Comparison
CGGO's dividend yield for the trailing twelve months is around 1.01%, less than ACWI's 1.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWI iShares MSCI ACWI ETF | 1.44% | 1.55% | 1.70% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.18% | 1.94% | 2.19% | 2.56% |
CGGO Capital Group Global Growth Equity ETF | 1.01% | 2.03% | 1.10% | 0.76% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, CGGO and ACWI 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.
CGGO has higher volatility (7.38%) compared to ACWI (4.03%). In terms of maximum drawdown, CGGO dropped -24.90% vs ACWI's -56.00%.
On 3-year performance, ACWI leads with 18.53% vs 18.34% for CGGO. On fees, ACWI is cheaper at 0.32% per year. On volatility, ACWI has been the lower-risk option at 4.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ACWI has performed better with a 18.53% return vs 18.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ACWI is cheaper with a 0.32% expense ratio, compared with 0.47% for CGGO.
ACWI has the higher dividend yield at 1.44%, compared with 1.01% for CGGO.
They also come from different issuers: Capital Group and iShares. Their fees differ too: 0.47% for CGGO and 0.32% for ACWI.
ACWI currently has the higher Sharpe Ratio (1.59 vs 1.16), 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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