CGGR vs. SMH

Last updated Jun 24, 2026

CGGR (Capital Group Growth ETF) and SMH (VanEck Semiconductor ETF) are both exchange-traded funds - CGGR is a Large Cap Growth Equities fund actively managed by Capital Group, while SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. CGGR is actively managed, while SMH is passively managed. Over the past 3 years, CGGR returned 22.96%/yr vs 62.28%/yr for SMH. Their correlation of 0.82 suggests significant overlap in exposure. CGGR charges 0.39%/yr vs 0.35%/yr for SMH.

Performance

CGGR vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Growth ETF (CGGR) and VanEck Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGGR achieves a 2.45% return, which is significantly lower than SMH's 72.73% return.

CGGR

• 1D: -2.44%
• 1M: -1.09%
• YTD: 2.45%
• 6M: 1.27%
• 1Y: 16.51%
• 3Y*: 22.96%
• 5Y*: —
• 10Y*: —

SMH

• 1D: -7.01%
• 1M: 7.93%
• YTD: 72.73%
• 6M: 71.29%
• 1Y: 138.23%
• 3Y*: 62.28%
• 5Y*: 38.18%
• 10Y*: 37.85%

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

CGGR vs. SMH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CGGR Capital Group Growth ETF	2.45%	19.75%	32.12%	42.18%	-14.68%
SMH VanEck Semiconductor ETF	72.73%	49.17%	39.10%	73.38%	-20.42%

Correlation

The correlation between CGGR and SMH is 0.74, 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	0.74
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	0.82

The correlation between CGGR and SMH has been stable across timeframes, ranging from 0.74 to 0.82 - a consistent structural relationship.

CGGR vs. SMH - Sectors Allocation Comparison

Sectors	CGGR	SMH
Technology	38.5%	100.0%
Communication Services	17.3%	-
Consumer Cyclical	13.7%	-
Healthcare	9.4%	-
Industrials	8.0%	-
Financial Services	5.5%	-
Basic Materials	2.3%	-
Energy	2.1%	-
Consumer Defensive	2.1%	-
Real Estate	0.8%	-
Utilities	0.4%	-

Return for Risk

CGGR vs. SMH — Risk / Return Rank

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

CGGR

CGGR Risk / Return Rank: 27
CGGR Sharpe Ratio Rank: 27
CGGR Sortino Ratio Rank: 26
CGGR Omega Ratio Rank: 26
CGGR Calmar Ratio Rank: 24
CGGR Martin Ratio Rank: 29

SMH

SMH Risk / Return Rank: 94
SMH Sharpe Ratio Rank: 96
SMH Sortino Ratio Rank: 91
SMH Omega Ratio Rank: 92
SMH Calmar Ratio Rank: 97
SMH Martin Ratio Rank: 96

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.

CGGR vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Growth ETF (CGGR) and VanEck Semiconductor ETF (SMH). 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.

	CGGR	SMH	Difference
Sharpe ratio: Return per unit of total volatility	0.95	3.99	-3.04
Sortino ratio: Return per unit of downside risk	1.36	4.05	-2.69
Omega ratio: Gain probability vs. loss probability	1.18	1.58	-0.40
Calmar ratio: Return relative to maximum drawdown	1.10	9.31	-8.22
Martin ratio: Return relative to average drawdown	3.96	33.88	-29.92

CGGR vs. SMH - Sharpe Ratio Comparison

The current CGGR Sharpe Ratio is 0.95, which is lower than the SMH Sharpe Ratio of 3.99. The chart below compares the historical Sharpe Ratios of CGGR and SMH, 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

CGGR vs. SMH - Drawdown Comparison

The maximum CGGR drawdown since its inception was -28.90%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for CGGR and SMH.

Drawdown Indicators

	CGGR	SMH	Difference
Max Drawdown Largest peak-to-trough decline	-28.90%	-84.96%	+56.06%
Max Drawdown (1Y) Largest decline over 1 year	-15.13%	-14.93%	-0.20%
Max Drawdown (3Y) Largest decline over 3 years	-23.37%	-35.74%	+12.37%
Max Drawdown (5Y) Largest decline over 5 years	—	-45.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.30%	—
Current Drawdown Current decline from peak	-4.63%	-7.01%	+2.38%
Average Drawdown Average peak-to-trough decline	-7.67%	-41.01%	+33.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.18%	4.10%	+0.08%

Volatility

CGGR vs. SMH - Volatility Comparison

The current volatility for Capital Group Growth ETF (CGGR) is 7.67%, while VanEck Semiconductor ETF (SMH) has a volatility of 19.08%. This indicates that CGGR experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGGR	SMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.67%	19.08%	-11.41%
Volatility (6M) Calculated over the trailing 6-month period	14.06%	29.18%	-15.12%
Volatility (1Y) Calculated over the trailing 1-year period	17.58%	34.87%	-17.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.03%	35.83%	-13.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.03%	32.97%	-10.94%

CGGR vs. SMH - Expense Ratio Comparison

CGGR has a 0.39% expense ratio, which is higher than SMH's 0.35% expense ratio.

Dividends

CGGR vs. SMH - Dividend Comparison

CGGR's dividend yield for the trailing twelve months is around 0.09%, less than SMH's 0.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGGR Capital Group Growth ETF	0.09%	0.10%	0.33%	0.40%	0.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SMH VanEck Semiconductor ETF	0.18%	0.31%	0.44%	0.60%	1.18%	0.51%	0.69%	1.50%	1.88%	1.43%	0.80%	2.14%

Frequently Asked Questions

Can I hold both CGGR and SMH in my portfolio?

CGGR and SMH have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGGR or SMH?

SMH has higher volatility (19.08%) compared to CGGR (7.67%). In terms of maximum drawdown, CGGR dropped -28.90% vs SMH's -84.96%.

Which ETF is better, CGGR or SMH?

On 3-year performance, SMH leads with 62.28% vs 22.96% for CGGR. On fees, SMH is cheaper at 0.35% per year. On volatility, CGGR has been the lower-risk option at 7.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGGR or SMH?

Over the 3-year period, SMH has performed better with a 62.28% return vs 22.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGGR or SMH?

SMH is cheaper with a 0.35% expense ratio, compared with 0.39% for CGGR.

Which ETF pays a higher dividend yield, CGGR or SMH?

SMH has the higher dividend yield at 0.18%, compared with 0.09% for CGGR.

What is the main difference between CGGR and SMH?

CGGR is categorized as Large Cap Growth Equities, while SMH is Semiconductors. They also come from different issuers: Capital Group and VanEck. Their fees differ too: 0.39% for CGGR and 0.35% for SMH.

Which has better risk-adjusted returns?

SMH currently has the higher Sharpe Ratio (3.99 vs 0.95), 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.