CGGO vs. PID

Last updated Aug 4, 2026

CGGO (Capital Group Global Growth Equity ETF) and PID (Invesco International Dividend Achievers™ ETF) are both Global Equities funds. CGGO is actively managed, while PID is passively managed. Over the past 3 years, CGGO returned 19.78%/yr vs 13.44%/yr for PID. Their 0.63 correlation means they have sometimes moved together and sometimes differently. CGGO charges 0.47%/yr vs 0.56%/yr for PID.

Performance

CGGO vs. PID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Global Growth Equity ETF (CGGO) and Invesco International Dividend Achievers™ ETF (PID). 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 higher than PID's 7.78% 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%

PID

• 1D: -0.26%
• 1M: 2.96%
• 6M: 4.32%
• YTD: 7.78%
• 1Y: 17.32%
• 3Y*: 13.44%
• 5Y*: 9.27%
• 10Y*: 8.89%
• ALL TIME*: 5.71%

*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)
CGGO Capital Group Global Growth Equity ETF	$57.79M	$52.80M	$52.76M
PID Invesco International Dividend Achievers™ ETF	$1.30M	$1.82M	$1.51M

CGGO vs. PID - 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%
PID Invesco International Dividend Achievers™ ETF	7.78%	24.45%	3.08%	14.28%	-7.19%

Correlation

The correlation between CGGO and PID is 0.37, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.37
Correlation (3Y) Balances recent behavior with more history.	0.52
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.63

Over the past year, the correlation between CGGO and PID has dropped to 0.37 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.

CGGO vs. PID - Sectors Allocation Comparison

Sectors	CGGO	PID
Technology	38.0%	8.5%
Industrials	14.3%	8.1%
Financial Services	10.4%	18.7%
Healthcare	9.3%	8.6%
Consumer Cyclical	8.3%	6.5%
Communication Services	7.2%	13.5%
Basic Materials	3.7%	3.5%
Consumer Defensive	3.6%	7.1%
Energy	1.6%	10.4%
Utilities	0.9%	14.6%
Real Estate	-	0.5%

Return for Risk

CGGO vs. PID — 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

PID

PID Risk / Return Rank: 70
PID Sharpe Ratio Rank: 75
PID Sortino Ratio Rank: 78
PID Omega Ratio Rank: 75
PID Calmar Ratio Rank: 64
PID Martin Ratio Rank: 60

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. PID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Global Growth Equity ETF (CGGO) and Invesco International Dividend Achievers™ ETF (PID). 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	PID	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.79	-0.48
Sortino ratio: Return per unit of downside risk	1.87	2.63	-0.76
Omega ratio: Gain probability vs. loss probability	1.24	1.32	-0.08
Calmar ratio: Return relative to maximum drawdown	2.03	2.33	-0.30
Martin ratio: Return relative to average drawdown	7.44	7.38	+0.06

CGGO vs. PID - Sharpe Ratio Comparison

The current CGGO Sharpe Ratio is 1.31, which is comparable to the PID Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of CGGO and PID, 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. PID - Drawdown Comparison

The maximum CGGO drawdown since its inception was -24.90%, smaller than the maximum PID drawdown of -66.34%. Use the drawdown chart below to compare losses from any high point for CGGO and PID.

Drawdown Indicators

	CGGO	PID	Difference
Max Drawdown Largest peak-to-trough decline	-24.90%	-66.34%	+41.44%
Max Drawdown (1Y) Largest decline over 1 year	-13.15%	-7.47%	-5.68%
Max Drawdown (3Y) Largest decline over 3 years	-17.93%	-11.39%	-6.54%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.97%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.07%	—
Current Drawdown Current decline from peak	-6.29%	-1.34%	-4.95%
Average Drawdown Average peak-to-trough decline	-5.46%	-12.95%	+7.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	2.35%	+1.23%

Volatility

CGGO vs. PID - Volatility Comparison

Capital Group Global Growth Equity ETF (CGGO) has a higher volatility of 7.38% compared to Invesco International Dividend Achievers™ ETF (PID) at 2.49%. This indicates that CGGO's price experiences larger fluctuations and is considered to be riskier than PID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGGO	PID	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.38%	2.49%	+4.89%
Volatility (6M) Calculated over the trailing 6-month period	18.35%	7.84%	+10.51%
Volatility (1Y) Calculated over the trailing 1-year period	20.44%	9.76%	+10.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.18%	13.92%	+5.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.18%	17.57%	+1.61%

CGGO vs. PID - Expense Ratio Comparison

CGGO has a 0.47% expense ratio, which is lower than PID's 0.56% expense ratio.

Dividends

CGGO vs. PID - Dividend Comparison

CGGO's dividend yield for the trailing twelve months is around 1.00%, less than PID's 3.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGGO Capital Group Global Growth Equity ETF	1.00%	2.03%	1.10%	0.76%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PID Invesco International Dividend Achievers™ ETF	3.46%	3.28%	3.88%	3.31%	3.30%	3.30%	3.16%	3.99%	3.87%	3.46%	3.90%	4.48%

Frequently Asked Questions

Can I hold both CGGO and PID in my portfolio?

CGGO and PID have a correlation of 0.37, 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 PID?

CGGO has higher volatility (7.38%) compared to PID (2.49%). In terms of maximum drawdown, CGGO dropped -24.90% vs PID's -66.34%.

Which ETF is better, CGGO or PID?

On 3-year performance, CGGO leads with 19.78% vs 13.44% for PID. On fees, CGGO is cheaper at 0.47% per year. On volatility, PID has been the lower-risk option at 2.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGGO or PID?

Over the 3-year period, CGGO has performed better with a 19.78% return vs 13.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGGO or PID?

CGGO is cheaper with a 0.47% expense ratio, compared with 0.56% for PID.

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

PID has the higher dividend yield at 3.46%, compared with 1.00% for CGGO.

What is the main difference between CGGO and PID?

They also come from different issuers: Capital Group and Invesco. Their fees differ too: 0.47% for CGGO and 0.56% for PID.

Which has better risk-adjusted returns?

PID currently has the higher Sharpe Ratio (1.79 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.