CGGO vs. ANWPX

Last updated Jun 4, 2026

CGGO (Capital Group Global Growth Equity ETF) and ANWPX (American Funds New Perspective Fund Class A) are both funds - CGGO is a Global Equities fund actively managed by Capital Group, while ANWPX is a Large Cap Growth Equities fund managed by American Funds. Over the past 3 years, CGGO returned 21.81%/yr vs 18.63%/yr for ANWPX. With a 0.96 correlation, they move nearly in lockstep. CGGO charges 0.47%/yr vs 0.72%/yr for ANWPX.

Performance

CGGO vs. ANWPX - Performance Comparison

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

Returns By Period

In the year-to-date period, CGGO achieves a 19.37% return, which is significantly higher than ANWPX's 7.38% return.

CGGO

• 1D: -0.82%
• 1M: 9.97%
• YTD: 19.37%
• 6M: 20.83%
• 1Y: 37.51%
• 3Y*: 21.81%
• 5Y*: —
• 10Y*: —

ANWPX

• 1D: 0.11%
• 1M: 5.20%
• YTD: 7.38%
• 6M: 8.44%
• 1Y: 20.52%
• 3Y*: 18.63%
• 5Y*: 8.96%
• 10Y*: 13.48%

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

CGGO vs. ANWPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CGGO Capital Group Global Growth Equity ETF	19.37%	21.08%	14.80%	23.43%	-13.12%
ANWPX American Funds New Perspective Fund Class A	7.38%	21.33%	16.76%	24.63%	-13.83%

Correlation

The correlation between CGGO and ANWPX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (All Time) Calculated using the full available price history since Feb 25, 2022	0.96

The correlation between CGGO and ANWPX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

CGGO vs. ANWPX — Risk / Return Rank

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

CGGO

CGGO Risk / Return Rank: 65
CGGO Sharpe Ratio Rank: 67
CGGO Sortino Ratio Rank: 65
CGGO Omega Ratio Rank: 66
CGGO Calmar Ratio Rank: 57
CGGO Martin Ratio Rank: 69

ANWPX

ANWPX Risk / Return Rank: 29
ANWPX Sharpe Ratio Rank: 29
ANWPX Sortino Ratio Rank: 29
ANWPX Omega Ratio Rank: 29
ANWPX Calmar Ratio Rank: 23
ANWPX Martin Ratio Rank: 33

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.

CGGO vs. ANWPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Global Growth Equity ETF (CGGO) and American Funds New Perspective Fund Class A (ANWPX). 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.

	CGGO	ANWPX	Difference
Sharpe ratio Return per unit of total volatility	2.25	1.54	+0.71
Sortino ratio Return per unit of downside risk	3.08	2.22	+0.86
Omega ratio Gain probability vs. loss probability	1.40	1.28	+0.12
Calmar ratio Return relative to maximum drawdown	2.87	1.80	+1.07
Martin ratio Return relative to average drawdown	13.04	7.57	+5.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGGO vs. ANWPX - Sharpe Ratio Comparison

The current CGGO Sharpe Ratio is 2.25, which is higher than the ANWPX Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of CGGO and ANWPX, 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

	CGGO	ANWPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	1.54	+0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.67	+0.11

Drawdowns

CGGO vs. ANWPX - Drawdown Comparison

The maximum CGGO drawdown since its inception was -24.90%, smaller than the maximum ANWPX drawdown of -52.34%. Use the drawdown chart below to compare losses from any high point for CGGO and ANWPX.

Drawdown Indicators

	CGGO	ANWPX	Difference
Max Drawdown Largest peak-to-trough decline	-24.90%	-52.34%	+27.44%
Max Drawdown (1Y) Largest decline over 1 year	-13.15%	-11.48%	-1.67%
Max Drawdown (3Y) Largest decline over 3 years	-17.93%	-17.93%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	—	-34.45%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.45%	—
Current Drawdown Current decline from peak	-0.82%	0.00%	-0.82%
Average Drawdown Average peak-to-trough decline	-5.50%	-8.11%	+2.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	2.72%	+0.16%

Volatility

CGGO vs. ANWPX - Volatility Comparison

Capital Group Global Growth Equity ETF (CGGO) has a higher volatility of 6.68% compared to American Funds New Perspective Fund Class A (ANWPX) at 3.92%. This indicates that CGGO's price experiences larger fluctuations and is considered to be riskier than ANWPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGGO	ANWPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.68%	3.92%	+2.76%
Volatility (6M) Calculated over the trailing 6-month period	14.40%	10.79%	+3.61%
Volatility (1Y) Calculated over the trailing 1-year period	16.77%	13.39%	+3.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.56%	17.21%	+1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.56%	17.83%	+0.73%

CGGO vs. ANWPX - Expense Ratio Comparison

CGGO has a 0.47% expense ratio, which is lower than ANWPX's 0.72% expense ratio.

Dividends

CGGO vs. ANWPX - Dividend Comparison

CGGO's dividend yield for the trailing twelve months is around 1.70%, less than ANWPX's 6.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANWPX American Funds New Perspective Fund Class A	6.12%	6.57%	5.13%	5.36%	4.16%	7.01%	4.13%	3.67%	7.59%	5.50%	3.86%	6.14%
CGGO Capital Group Global Growth Equity ETF	1.70%	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

Can I hold both CGGO and ANWPX in my portfolio?

With a correlation of 0.93, CGGO and ANWPX 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, CGGO or ANWPX?

CGGO has higher volatility (6.68%) compared to ANWPX (3.92%). In terms of maximum drawdown, CGGO dropped -24.90% vs ANWPX's -52.34%.

Which has better risk-adjusted returns?

CGGO currently has the higher Sharpe Ratio (2.25 vs 1.54), 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.