CGGO vs. BOAT

Last updated Aug 4, 2026

CGGO (Capital Group Global Growth Equity ETF) and BOAT (SonicShares Global Shipping ETF) are both exchange-traded funds - CGGO is a Global Equities fund actively managed by Capital Group, while BOAT is a Industrials Equities fund tracking the Solactive Global Shipping Index. CGGO is actively managed, while BOAT is passively managed. Over the past 3 years, CGGO returned 19.78%/yr vs 26.95%/yr for BOAT. Their 0.42 correlation means their historical movements had little consistent relationship. CGGO charges 0.47%/yr vs 0.69%/yr for BOAT.

Performance

CGGO vs. BOAT - Performance Comparison

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

Returns By Period

In the year-to-date period, CGGO achieves a 15.18% return, which is significantly lower than BOAT's 45.07% return.

CGGO

• 1D: 1.04%
• 1M: -2.11%
• 6M: 9.10%
• YTD: 15.18%
• 1Y: 26.58%
• 3Y*: 19.78%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.74%

BOAT

• 1D: 0.20%
• 1M: 13.47%
• 6M: 27.28%
• YTD: 45.07%
• 1Y: 59.66%
• 3Y*: 26.95%
• 5Y*: 25.20%
• 10Y*: —
• ALL TIME*: 24.82%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BOAT SonicShares Global Shipping ETF	$1.71M	$1.08M	$1.06M
CGGO Capital Group Global Growth Equity ETF	$57.79M	$52.80M	$52.76M

CGGO vs. BOAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CGGO Capital Group Global Growth Equity ETF	15.18%	21.08%	14.80%	23.43%	-10.40%
BOAT SonicShares Global Shipping ETF	45.07%	22.77%	5.97%	24.53%	-3.05%

Correlation

The correlation between CGGO and BOAT is 0.30, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.30
Correlation (3Y) Balances recent behavior with more history.	0.33
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.42

The correlation between CGGO and BOAT shifts across timeframes, from 0.30 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.

CGGO vs. BOAT - Sectors Allocation Comparison

Sectors	CGGO	BOAT
Technology	38.0%	-
Industrials	14.3%	29.2%
Financial Services	10.4%	6.6%
Healthcare	9.3%	-
Consumer Cyclical	8.3%	-
Communication Services	7.2%	-
Basic Materials	3.7%	-
Consumer Defensive	3.6%	-
Energy	1.6%	10.3%
Utilities	0.9%	-
Real Estate	-	-

Return for Risk

CGGO vs. BOAT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CGGO

CGGO Risk / Return Rank: 54
CGGO Sharpe Ratio Rank: 52
CGGO Sortino Ratio Rank: 51
CGGO Omega Ratio Rank: 52
CGGO Calmar Ratio Rank: 55
CGGO Martin Ratio Rank: 60

BOAT

BOAT Risk / Return Rank: 93
BOAT Sharpe Ratio Rank: 95
BOAT Sortino Ratio Rank: 94
BOAT Omega Ratio Rank: 92
BOAT Calmar Ratio Rank: 94
BOAT Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CGGO vs. BOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Global Growth Equity ETF (CGGO) and SonicShares Global Shipping ETF (BOAT). 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	BOAT	Difference
Sharpe ratio: Return per unit of total volatility	1.31	2.90	-1.59
Sortino ratio: Return per unit of downside risk	1.87	3.75	-1.88
Omega ratio: Gain probability vs. loss probability	1.24	1.46	-0.22
Calmar ratio: Return relative to maximum drawdown	2.03	5.17	-3.14
Martin ratio: Return relative to average drawdown	7.44	14.58	-7.15

CGGO vs. BOAT - Sharpe Ratio Comparison

The current CGGO Sharpe Ratio is 1.31, which is lower than the BOAT Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of CGGO and BOAT, 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

CGGO vs. BOAT - Drawdown Comparison

The maximum CGGO drawdown since its inception was -24.90%, smaller than the maximum BOAT drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for CGGO and BOAT.

Drawdown Indicators

	CGGO	BOAT	Difference
Max Drawdown Largest peak-to-trough decline	-24.90%	-33.94%	+9.04%
Max Drawdown (1Y) Largest decline over 1 year	-13.15%	-11.60%	-1.55%
Max Drawdown (3Y) Largest decline over 3 years	-17.93%	-33.94%	+16.01%
Max Drawdown (5Y) Largest decline over 5 years	—	-33.94%	—
Current Drawdown Current decline from peak	-6.29%	-0.54%	-5.75%
Average Drawdown Average peak-to-trough decline	-5.46%	-9.51%	+4.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	4.10%	-0.52%

Volatility

CGGO vs. BOAT - Volatility Comparison

Capital Group Global Growth Equity ETF (CGGO) has a higher volatility of 7.38% compared to SonicShares Global Shipping ETF (BOAT) at 6.64%. This indicates that CGGO's price experiences larger fluctuations and is considered to be riskier than BOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGGO	BOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.38%	6.64%	+0.74%
Volatility (6M) Calculated over the trailing 6-month period	18.35%	16.86%	+1.49%
Volatility (1Y) Calculated over the trailing 1-year period	20.44%	20.72%	-0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.18%	25.06%	-5.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.18%	25.06%	-5.88%

CGGO vs. BOAT - Expense Ratio Comparison

CGGO has a 0.47% expense ratio, which is lower than BOAT's 0.69% expense ratio.

Dividends

CGGO vs. BOAT - Dividend Comparison

CGGO's dividend yield for the trailing twelve months is around 1.00%, less than BOAT's 6.34% yield.

Position	TTM	2025	2024	2023	2022	2021
BOAT SonicShares Global Shipping ETF	6.34%	8.08%	13.89%	13.65%	13.57%	1.36%
CGGO Capital Group Global Growth Equity ETF	1.00%	2.03%	1.10%	0.76%	0.59%	0.00%

Frequently Asked Questions

Can I hold both CGGO and BOAT in my portfolio?

CGGO and BOAT have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGGO or BOAT?

CGGO has higher volatility (7.38%) compared to BOAT (6.64%). In terms of maximum drawdown, CGGO dropped -24.90% vs BOAT's -33.94%.

Which ETF is better, CGGO or BOAT?

On 3-year performance, BOAT leads with 26.95% vs 19.78% for CGGO. On fees, CGGO is cheaper at 0.47% per year. On volatility, BOAT has been the lower-risk option at 6.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGGO or BOAT?

Over the 3-year period, BOAT has performed better with a 26.95% return vs 19.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGGO or BOAT?

CGGO is cheaper with a 0.47% expense ratio, compared with 0.69% for BOAT.

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

BOAT has the higher dividend yield at 6.34%, compared with 1.00% for CGGO.

What is the main difference between CGGO and BOAT?

CGGO is categorized as Global Equities, while BOAT is Industrials Equities. They also come from different issuers: Capital Group and Tidal. Their fees differ too: 0.47% for CGGO and 0.69% for BOAT.

Which has better risk-adjusted returns?

BOAT currently has the higher Sharpe Ratio (2.90 vs 1.31), 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.