CGGO vs. CGHY
CGGO (Capital Group Global Growth Equity ETF) and CGHY (Capital Group High Yield Bond ETF) are both exchange-traded funds - CGGO is a Global Equities fund actively managed by Capital Group, while CGHY is a High Yield Bonds fund managed by Capital Group. A 0.63 correlation means they provide meaningful diversification when combined. CGGO charges 0.47%/yr vs 0.39%/yr for CGHY.
Performance
CGGO vs. CGHY - Performance Comparison
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Returns By Period
In the year-to-date period, CGGO achieves a 18.47% return, which is significantly higher than CGHY's 2.02% return.
CGGO
- 1D
- 0.42%
- 1M
- 4.29%
- YTD
- 18.47%
- 6M
- 17.68%
- 1Y
- 32.98%
- 3Y*
- 21.36%
- 5Y*
- —
- 10Y*
- —
CGHY
- 1D
- -0.05%
- 1M
- 0.55%
- YTD
- 2.02%
- 6M
- 2.04%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CGGO vs. CGHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CGGO Capital Group Global Growth Equity ETF | 18.47% | 12.03% |
CGHY Capital Group High Yield Bond ETF | 2.02% | 3.83% |
Correlation
The correlation between CGGO and CGHY is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.63 |
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Return for Risk
CGGO vs. CGHY — Risk / Return Rank
CGGO
CGHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CGGO vs. CGHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Global Growth Equity ETF (CGGO) and Capital Group High Yield Bond ETF (CGHY). 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 | CGHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | — | — |
| Martin ratioReturn relative to average drawdown | 11.05 | — | — |
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Drawdowns
CGGO vs. CGHY - Drawdown Comparison
The maximum CGGO drawdown since its inception was -24.90%, which is greater than CGHY's maximum drawdown of -2.38%. Use the drawdown chart below to compare losses from any high point for CGGO and CGHY.
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Drawdown Indicators
| CGGO | CGHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.90% | -2.38% | -22.52% |
Max Drawdown (1Y)Largest decline over 1 year | -13.15% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -17.93% | — | — |
Current DrawdownCurrent decline from peak | -3.62% | -0.24% | -3.38% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -0.31% | -5.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | — | — |
Volatility
CGGO vs. CGHY - Volatility Comparison
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Volatility by Period
| CGGO | CGHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.80% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.78% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.88% | 3.32% | +15.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.99% | 3.32% | +15.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.99% | 3.32% | +15.67% |
CGGO vs. CGHY - Expense Ratio Comparison
CGGO has a 0.47% expense ratio, which is higher than CGHY's 0.39% expense ratio.
Dividends
CGGO vs. CGHY - Dividend Comparison
CGGO's dividend yield for the trailing twelve months is around 1.71%, less than CGHY's 5.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CGGO Capital Group Global Growth Equity ETF | 1.71% | 2.03% | 1.10% | 0.76% | 0.59% |
CGHY Capital Group High Yield Bond ETF | 5.08% | 3.09% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CGGO and CGHY have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CGHY is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CGHY is cheaper with a 0.39% expense ratio, compared with 0.47% for CGGO.
CGHY has the higher dividend yield at 5.08%, compared with 1.71% for CGGO.
CGGO is categorized as Global Equities, while CGHY is High Yield Bonds. Their fees differ too: 0.47% for CGGO and 0.39% for CGHY.
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