CGGO vs. SHEH

Last updated Aug 4, 2026

CGGO (Capital Group Global Growth Equity ETF) and SHEH (Shell plc ADRhedged ETF) are both exchange-traded funds - CGGO is a Global Equities fund actively managed by Capital Group, while SHEH is a Energy Equities fund tracking the Shell plc - Benchmark Price Return. CGGO is actively managed, while SHEH is passively managed. Over the past year, CGGO returned 26.58% vs 27.83% for SHEH. Their -0.09 correlation means they have often moved in opposite directions in the past. CGGO charges 0.47%/yr vs 0.19%/yr for SHEH.

Performance

CGGO vs. SHEH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Global Growth Equity ETF (CGGO) and Shell plc ADRhedged ETF (SHEH). 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 SHEH's 25.14% 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%

SHEH

• 1D: -0.63%
• 1M: 15.58%
• 6M: 23.06%
• YTD: 25.14%
• 1Y: 27.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 30.79%

*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
SHEH Shell plc ADRhedged ETF	$782.03K	$668.74K	$325.26K

CGGO vs. SHEH - Yearly Performance Comparison

	2026 (YTD)	2025
CGGO Capital Group Global Growth Equity ETF	15.18%	29.60%
SHEH Shell plc ADRhedged ETF	25.14%	12.63%

Correlation

The correlation between CGGO and SHEH is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.13
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	-0.09

CGGO vs. SHEH - Sectors Allocation Comparison

Sectors	CGGO	SHEH
Technology	38.0%	-
Industrials	14.3%	-
Financial Services	10.4%	-
Healthcare	9.3%	-
Consumer Cyclical	8.3%	-
Communication Services	7.2%	-
Basic Materials	3.7%	-
Consumer Defensive	3.6%	-
Energy	1.6%	96.5%
Utilities	0.9%	-
Real Estate	-	-

Return for Risk

CGGO vs. SHEH — 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

SHEH

SHEH Risk / Return Rank: 44
SHEH Sharpe Ratio Rank: 48
SHEH Sortino Ratio Rank: 46
SHEH Omega Ratio Rank: 45
SHEH Calmar Ratio Rank: 41
SHEH Martin Ratio Rank: 38

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. SHEH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Global Growth Equity ETF (CGGO) and Shell plc ADRhedged ETF (SHEH). 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	SHEH	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.33	-0.02
Sortino ratio: Return per unit of downside risk	1.87	1.86	0.00
Omega ratio: Gain probability vs. loss probability	1.24	1.23	+0.01
Calmar ratio: Return relative to maximum drawdown	2.03	1.59	+0.44
Martin ratio: Return relative to average drawdown	7.44	4.35	+3.09

CGGO vs. SHEH - Sharpe Ratio Comparison

The current CGGO Sharpe Ratio is 1.31, which is comparable to the SHEH Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of CGGO and SHEH, 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. SHEH - Drawdown Comparison

The maximum CGGO drawdown since its inception was -24.90%, which is greater than SHEH's maximum drawdown of -17.53%. Use the drawdown chart below to compare losses from any high point for CGGO and SHEH.

Drawdown Indicators

	CGGO	SHEH	Difference
Max Drawdown Largest peak-to-trough decline	-24.90%	-17.53%	-7.37%
Max Drawdown (1Y) Largest decline over 1 year	-13.15%	-17.53%	+4.38%
Max Drawdown (3Y) Largest decline over 3 years	-17.93%	—	—
Current Drawdown Current decline from peak	-6.29%	-3.52%	-2.77%
Average Drawdown Average peak-to-trough decline	-5.46%	-4.14%	-1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	6.41%	-2.83%

Volatility

CGGO vs. SHEH - Volatility Comparison

Capital Group Global Growth Equity ETF (CGGO) has a higher volatility of 7.38% compared to Shell plc ADRhedged ETF (SHEH) at 6.85%. This indicates that CGGO's price experiences larger fluctuations and is considered to be riskier than SHEH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGGO	SHEH	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.38%	6.85%	+0.53%
Volatility (6M) Calculated over the trailing 6-month period	18.35%	17.33%	+1.02%
Volatility (1Y) Calculated over the trailing 1-year period	20.44%	21.00%	-0.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.18%	20.53%	-1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.18%	20.53%	-1.35%

CGGO vs. SHEH - Expense Ratio Comparison

CGGO has a 0.47% expense ratio, which is higher than SHEH's 0.19% expense ratio.

Dividends

CGGO vs. SHEH - Dividend Comparison

CGGO's dividend yield for the trailing twelve months is around 1.00%, less than SHEH's 1.86% yield.

Position	TTM	2025	2024	2023	2022
CGGO Capital Group Global Growth Equity ETF	1.00%	2.03%	1.10%	0.76%	0.59%
SHEH Shell plc ADRhedged ETF	1.86%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CGGO and SHEH in my portfolio?

CGGO and SHEH have a correlation of -0.13, 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 SHEH?

CGGO has higher volatility (7.38%) compared to SHEH (6.85%). In terms of maximum drawdown, CGGO dropped -24.90% vs SHEH's -17.53%.

Which ETF is better, CGGO or SHEH?

On 1-year performance, SHEH leads with 27.83% vs 26.58% for CGGO. On fees, SHEH is cheaper at 0.19% per year. On volatility, SHEH has been the lower-risk option at 6.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGGO or SHEH?

Over the 1-year period, SHEH has performed better with a 27.83% return vs 26.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGGO or SHEH?

SHEH is cheaper with a 0.19% expense ratio, compared with 0.47% for CGGO.

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

SHEH has the higher dividend yield at 1.86%, compared with 1.00% for CGGO.

What is the main difference between CGGO and SHEH?

CGGO is categorized as Global Equities, while SHEH is Energy Equities. They also come from different issuers: Capital Group and ADRhedged. Their fees differ too: 0.47% for CGGO and 0.19% for SHEH.

Which has better risk-adjusted returns?

SHEH currently has the higher Sharpe Ratio (1.33 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.