CGGO vs. DREGX

Last updated Jun 9, 2026

CGGO (Capital Group Global Growth Equity ETF) and DREGX (Driehaus Emerging Markets Growth Fund) are both funds - CGGO is a Global Equities fund actively managed by Capital Group, while DREGX is a Emerging Markets Diversified fund managed by Driehaus. Over the past 3 years, CGGO returned 20.29%/yr vs 21.09%/yr for DREGX. A 0.77 correlation means they provide meaningful diversification when combined. CGGO charges 0.47%/yr vs 1.34%/yr for DREGX.

Performance

CGGO vs. DREGX - Performance Comparison

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

Returns By Period

In the year-to-date period, CGGO achieves a 14.86% return, which is significantly lower than DREGX's 19.77% return.

CGGO

• 1D: 1.53%
• 1M: 0.35%
• YTD: 14.86%
• 6M: 15.37%
• 1Y: 30.50%
• 3Y*: 20.29%
• 5Y*: —
• 10Y*: —

DREGX

• 1D: -6.60%
• 1M: -4.38%
• YTD: 19.77%
• 6M: 21.58%
• 1Y: 44.10%
• 3Y*: 21.09%
• 5Y*: 5.95%
• 10Y*: 10.41%

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

CGGO vs. DREGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CGGO Capital Group Global Growth Equity ETF	14.86%	21.08%	14.80%	23.43%	-10.40%
DREGX Driehaus Emerging Markets Growth Fund	19.77%	29.95%	7.40%	11.26%	-17.36%

Correlation

The correlation between CGGO and DREGX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.77

The correlation between CGGO and DREGX has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.

Return for Risk

CGGO vs. DREGX — Risk / Return Rank

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

CGGO

CGGO Risk / Return Rank: 57
CGGO Sharpe Ratio Rank: 57
CGGO Sortino Ratio Rank: 55
CGGO Omega Ratio Rank: 58
CGGO Calmar Ratio Rank: 52
CGGO Martin Ratio Rank: 63

DREGX

DREGX Risk / Return Rank: 69
DREGX Sharpe Ratio Rank: 71
DREGX Sortino Ratio Rank: 56
DREGX Omega Ratio Rank: 72
DREGX Calmar Ratio Rank: 79
DREGX Martin Ratio Rank: 70

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. DREGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Global Growth Equity ETF (CGGO) and Driehaus Emerging Markets Growth Fund (DREGX). 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	DREGX	Difference
Sharpe ratio: Return per unit of total volatility	1.75	2.24	-0.49
Sortino ratio: Return per unit of downside risk	2.38	2.78	-0.40
Omega ratio: Gain probability vs. loss probability	1.32	1.43	-0.11
Calmar ratio: Return relative to maximum drawdown	2.33	3.23	-0.90
Martin ratio: Return relative to average drawdown	10.46	12.21	-1.75
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. DREGX - Sharpe Ratio Comparison

The current CGGO Sharpe Ratio is 1.75, which is comparable to the DREGX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of CGGO and DREGX, 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	DREGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.75	2.24	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.31	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.52	+0.20

Drawdowns

CGGO vs. DREGX - Drawdown Comparison

The maximum CGGO drawdown since its inception was -24.90%, smaller than the maximum DREGX drawdown of -65.44%. Use the drawdown chart below to compare losses from any high point for CGGO and DREGX.

Drawdown Indicators

	CGGO	DREGX	Difference
Max Drawdown Largest peak-to-trough decline	-24.90%	-65.44%	+40.54%
Max Drawdown (1Y) Largest decline over 1 year	-13.15%	-13.82%	+0.67%
Max Drawdown (3Y) Largest decline over 3 years	-17.93%	-17.47%	-0.46%
Max Drawdown (5Y) Largest decline over 5 years	—	-36.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.47%	—
Current Drawdown Current decline from peak	-4.56%	-8.12%	+3.56%
Average Drawdown Average peak-to-trough decline	-5.49%	-17.39%	+11.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	3.65%	-0.73%

Volatility

CGGO vs. DREGX - Volatility Comparison

The current volatility for Capital Group Global Growth Equity ETF (CGGO) is 7.86%, while Driehaus Emerging Markets Growth Fund (DREGX) has a volatility of 9.78%. This indicates that CGGO experiences smaller price fluctuations and is considered to be less risky than DREGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGGO	DREGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.86%	9.78%	-1.92%
Volatility (6M) Calculated over the trailing 6-month period	15.33%	17.25%	-1.92%
Volatility (1Y) Calculated over the trailing 1-year period	17.56%	19.94%	-2.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.69%	19.49%	-0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.69%	18.77%	-0.08%

CGGO vs. DREGX - Expense Ratio Comparison

CGGO has a 0.47% expense ratio, which is lower than DREGX's 1.34% expense ratio.

Dividends

CGGO vs. DREGX - Dividend Comparison

CGGO's dividend yield for the trailing twelve months is around 1.76%, more than DREGX's 1.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CGGO Capital Group Global Growth Equity ETF	1.76%	2.03%	1.10%	0.76%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%
DREGX Driehaus Emerging Markets Growth Fund	1.41%	1.69%	0.89%	1.81%	0.75%	16.71%	2.48%	0.82%	4.33%	0.59%

Frequently Asked Questions

Can I hold both CGGO and DREGX in my portfolio?

CGGO and DREGX have a correlation of 0.79, 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 DREGX?

DREGX has higher volatility (9.78%) compared to CGGO (7.86%). In terms of maximum drawdown, CGGO dropped -24.90% vs DREGX's -65.44%.

Which has better risk-adjusted returns?

DREGX currently has the higher Sharpe Ratio (2.24 vs 1.75), 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.