CGIE vs. CGIAX

Last updated Jun 5, 2026

CGIE (Capital Group International Equity ETF) and CGIAX (American Funds International Growth and Income Fund) are both Foreign Large Cap Equities funds. Over the past year, CGIE returned 13.91% vs 28.70% for CGIAX. Their correlation of 0.91 suggests significant overlap in exposure. CGIE charges 0.54%/yr vs 0.93%/yr for CGIAX.

Performance

CGIE vs. CGIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group International Equity ETF (CGIE) and American Funds International Growth and Income Fund (CGIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGIE achieves a 5.63% return, which is significantly lower than CGIAX's 12.65% return.

CGIE

• 1D: 0.96%
• 1M: 3.34%
• YTD: 5.63%
• 6M: 6.80%
• 1Y: 13.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CGIAX

• 1D: -0.66%
• 1M: 3.62%
• YTD: 12.65%
• 6M: 15.09%
• 1Y: 28.70%
• 3Y*: 18.97%
• 5Y*: 8.33%
• 10Y*: 9.51%

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

CGIE vs. CGIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CGIE Capital Group International Equity ETF	5.63%	28.11%	0.72%	11.14%
CGIAX American Funds International Growth and Income Fund	12.65%	35.04%	3.26%	9.23%

Correlation

The correlation between CGIE and CGIAX is 0.90, 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	0.90
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023	0.91

The correlation between CGIE and CGIAX has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

Return for Risk

CGIE vs. CGIAX — Risk / Return Rank

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

CGIE

CGIE Risk / Return Rank: 26
CGIE Sharpe Ratio Rank: 25
CGIE Sortino Ratio Rank: 25
CGIE Omega Ratio Rank: 25
CGIE Calmar Ratio Rank: 25
CGIE Martin Ratio Rank: 30

CGIAX

CGIAX Risk / Return Rank: 55
CGIAX Sharpe Ratio Rank: 59
CGIAX Sortino Ratio Rank: 57
CGIAX Omega Ratio Rank: 60
CGIAX Calmar Ratio Rank: 51
CGIAX Martin Ratio Rank: 51

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.

CGIE vs. CGIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group International Equity ETF (CGIE) and American Funds International Growth and Income Fund (CGIAX). 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.

	CGIE	CGIAX	Difference
Sharpe ratio: Return per unit of total volatility	0.87	2.25	-1.38
Sortino ratio: Return per unit of downside risk	1.33	3.17	-1.85
Omega ratio: Gain probability vs. loss probability	1.16	1.42	-0.26
Calmar ratio: Return relative to maximum drawdown	1.17	2.71	-1.54
Martin ratio: Return relative to average drawdown	4.37	10.21	-5.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGIE vs. CGIAX - Sharpe Ratio Comparison

The current CGIE Sharpe Ratio is 0.87, which is lower than the CGIAX Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of CGIE and CGIAX, 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

	CGIE	CGIAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	2.25	-1.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.57	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	0.47	+0.62

Drawdowns

CGIE vs. CGIAX - Drawdown Comparison

The maximum CGIE drawdown since its inception was -13.82%, smaller than the maximum CGIAX drawdown of -35.78%. Use the drawdown chart below to compare losses from any high point for CGIE and CGIAX.

Drawdown Indicators

	CGIE	CGIAX	Difference
Max Drawdown Largest peak-to-trough decline	-13.82%	-35.78%	+21.96%
Max Drawdown (1Y) Largest decline over 1 year	-11.94%	-10.90%	-1.04%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.60%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.78%	—
Current Drawdown Current decline from peak	-0.62%	-0.66%	+0.04%
Average Drawdown Average peak-to-trough decline	-2.56%	-7.94%	+5.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	2.89%	+0.30%

Volatility

CGIE vs. CGIAX - Volatility Comparison

Capital Group International Equity ETF (CGIE) has a higher volatility of 5.22% compared to American Funds International Growth and Income Fund (CGIAX) at 4.86%. This indicates that CGIE's price experiences larger fluctuations and is considered to be riskier than CGIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGIE	CGIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.22%	4.86%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	13.58%	11.07%	+2.51%
Volatility (1Y) Calculated over the trailing 1-year period	16.04%	13.13%	+2.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.52%	14.61%	+0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.52%	15.91%	-0.39%

CGIE vs. CGIAX - Expense Ratio Comparison

CGIE has a 0.54% expense ratio, which is lower than CGIAX's 0.93% expense ratio.

Dividends

CGIE vs. CGIAX - Dividend Comparison

CGIE's dividend yield for the trailing twelve months is around 1.10%, less than CGIAX's 7.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGIAX American Funds International Growth and Income Fund	7.32%	8.13%	3.34%	2.27%	3.99%	6.90%	1.35%	2.36%	2.74%	1.80%	2.29%	3.17%
CGIE Capital Group International Equity ETF	1.10%	1.17%	1.27%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CGIE and CGIAX in my portfolio?

CGIE and CGIAX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGIE or CGIAX?

CGIE has higher volatility (5.22%) compared to CGIAX (4.86%). In terms of maximum drawdown, CGIE dropped -13.82% vs CGIAX's -35.78%.

Which has better risk-adjusted returns?

CGIAX currently has the higher Sharpe Ratio (2.25 vs 0.87), 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.