CGGO vs. CGNG

Last updated Jun 25, 2026

CGGO (Capital Group Global Growth Equity ETF) and CGNG (Capital Group New Geography Equity ETF) are both exchange-traded funds - CGGO is a Global Equities fund actively managed by Capital Group, while CGNG is a Emerging Markets Diversified fund actively managed by Capital Group. Both are actively managed. Over the past year, CGGO returned 32.98% vs 29.55% for CGNG. Their correlation of 0.90 suggests significant overlap in exposure. CGGO charges 0.47%/yr vs 0.64%/yr for CGNG.

Performance

CGGO vs. CGNG - Performance Comparison

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

Returns By Period

In the year-to-date period, CGGO achieves a 18.47% return, which is significantly higher than CGNG's 14.25% return.

CGGO

• 1D: 0.42%
• 1M: 4.29%
• YTD: 18.47%
• 6M: 17.68%
• 1Y: 32.98%
• 3Y*: 21.36%
• 5Y*: —
• 10Y*: —

CGNG

• 1D: 0.11%
• 1M: 2.59%
• YTD: 14.25%
• 6M: 13.95%
• 1Y: 29.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CGGO vs. CGNG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CGGO Capital Group Global Growth Equity ETF	18.47%	21.08%	-0.74%
CGNG Capital Group New Geography Equity ETF	14.25%	29.78%	-1.17%

Correlation

The correlation between CGGO and CGNG is 0.92, 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	0.92
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024	0.90

The correlation between CGGO and CGNG has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

Return for Risk

CGGO vs. CGNG — Risk / Return Rank

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

CGGO

CGGO Risk / Return Rank: 60
CGGO Sharpe Ratio Rank: 59
CGGO Sortino Ratio Rank: 56
CGGO Omega Ratio Rank: 60
CGGO Calmar Ratio Rank: 57
CGGO Martin Ratio Rank: 67

CGNG

CGNG Risk / Return Rank: 50
CGNG Sharpe Ratio Rank: 47
CGNG Sortino Ratio Rank: 46
CGNG Omega Ratio Rank: 50
CGNG Calmar Ratio Rank: 49
CGNG Martin Ratio Rank: 56

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. CGNG - 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 New Geography Equity ETF (CGNG). 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	CGNG	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.47	+0.29
Sortino ratio: Return per unit of downside risk	2.40	2.05	+0.35
Omega ratio: Gain probability vs. loss probability	1.33	1.28	+0.05
Calmar ratio: Return relative to maximum drawdown	2.52	2.16	+0.36
Martin ratio: Return relative to average drawdown	11.05	8.78	+2.27

CGGO vs. CGNG - Sharpe Ratio Comparison

The current CGGO Sharpe Ratio is 1.76, which is comparable to the CGNG Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of CGGO and CGNG, 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. CGNG - Drawdown Comparison

The maximum CGGO drawdown since its inception was -24.90%, which is greater than CGNG's maximum drawdown of -15.90%. Use the drawdown chart below to compare losses from any high point for CGGO and CGNG.

Drawdown Indicators

	CGGO	CGNG	Difference
Max Drawdown Largest peak-to-trough decline	-24.90%	-15.90%	-9.00%
Max Drawdown (1Y) Largest decline over 1 year	-13.15%	-13.75%	+0.60%
Max Drawdown (3Y) Largest decline over 3 years	-17.93%	—	—
Current Drawdown Current decline from peak	-3.62%	-4.28%	+0.66%
Average Drawdown Average peak-to-trough decline	-5.45%	-2.85%	-2.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	3.37%	-0.38%

Volatility

CGGO vs. CGNG - Volatility Comparison

The current volatility for Capital Group Global Growth Equity ETF (CGGO) is 9.80%, while Capital Group New Geography Equity ETF (CGNG) has a volatility of 10.57%. This indicates that CGGO experiences smaller price fluctuations and is considered to be less risky than CGNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGGO	CGNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.80%	10.57%	-0.77%
Volatility (6M) Calculated over the trailing 6-month period	16.78%	18.27%	-1.49%
Volatility (1Y) Calculated over the trailing 1-year period	18.88%	20.30%	-1.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.99%	19.16%	-0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.99%	19.16%	-0.17%

CGGO vs. CGNG - Expense Ratio Comparison

CGGO has a 0.47% expense ratio, which is lower than CGNG's 0.64% expense ratio.

Dividends

CGGO vs. CGNG - Dividend Comparison

CGGO's dividend yield for the trailing twelve months is around 1.71%, more than CGNG's 0.59% yield.

Position	TTM	2025	2024	2023	2022
CGGO Capital Group Global Growth Equity ETF	1.71%	2.03%	1.10%	0.76%	0.59%
CGNG Capital Group New Geography Equity ETF	0.59%	0.68%	0.27%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CGGO and CGNG in my portfolio?

With a correlation of 0.92, CGGO and CGNG 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 CGNG?

CGNG has higher volatility (10.57%) compared to CGGO (9.80%). In terms of maximum drawdown, CGGO dropped -24.90% vs CGNG's -15.90%.

Which ETF is better, CGGO or CGNG?

On 1-year performance, CGGO leads with 32.98% vs 29.55% for CGNG. On fees, CGGO is cheaper at 0.47% per year. On volatility, CGGO has been the lower-risk option at 9.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGGO or CGNG?

Over the 1-year period, CGGO has performed better with a 32.98% return vs 29.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGGO or CGNG?

CGGO is cheaper with a 0.47% expense ratio, compared with 0.64% for CGNG.

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

CGGO has the higher dividend yield at 1.71%, compared with 0.59% for CGNG.

What is the main difference between CGGO and CGNG?

CGGO is categorized as Global Equities, while CGNG is Emerging Markets Diversified. Their fees differ too: 0.47% for CGGO and 0.64% for CGNG.

Which has better risk-adjusted returns?

CGGO currently has the higher Sharpe Ratio (1.76 vs 1.47), 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.