CGNAX vs. CWGIX
CGNAX (American Funds Growth and Income Portfolio) and CWGIX (American Funds Capital World Growth and Income Fund Class A) are both mutual funds - CGNAX is a Diversified Portfolio fund managed by American Funds, while CWGIX is a Global Equities fund managed by American Funds. Over the past 10 years, CGNAX returned 10.82%/yr vs 12.15%/yr for CWGIX. With a 0.97 correlation, they move nearly in lockstep. CGNAX charges 0.36%/yr vs 0.75%/yr for CWGIX.
Performance
CGNAX vs. CWGIX - Performance Comparison
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Returns By Period
In the year-to-date period, CGNAX achieves a 8.98% return, which is significantly lower than CWGIX's 16.44% return. Over the past 10 years, CGNAX has underperformed CWGIX with an annualized return of 10.82%, while CWGIX has yielded a comparatively higher 12.15% annualized return.
CGNAX
- 1D
- 0.30%
- 1M
- 3.95%
- YTD
- 8.98%
- 6M
- 9.39%
- 1Y
- 21.90%
- 3Y*
- 17.52%
- 5Y*
- 9.37%
- 10Y*
- 10.82%
CWGIX
- 1D
- 0.67%
- 1M
- 6.71%
- YTD
- 16.44%
- 6M
- 17.98%
- 1Y
- 34.17%
- 3Y*
- 22.22%
- 5Y*
- 11.45%
- 10Y*
- 12.15%
CGNAX vs. CWGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CGNAX American Funds Growth and Income Portfolio | 8.98% | 17.85% | 14.51% | 18.73% | -15.96% | 16.36% | 16.31% | 21.78% | -5.88% | 18.99% |
CWGIX American Funds Capital World Growth and Income Fund Class A | 16.44% | 24.68% | 13.85% | 20.55% | -17.32% | 14.74% | 15.31% | 25.32% | -10.60% | 24.55% |
Correlation
The correlation between CGNAX and CWGIX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since May 22, 2012 | 0.97 |
The correlation between CGNAX and CWGIX has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.
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Return for Risk
CGNAX vs. CWGIX — Risk / Return Rank
CGNAX
CWGIX
CGNAX vs. CWGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Growth and Income Portfolio (CGNAX) and American Funds Capital World Growth and Income Fund Class A (CWGIX). 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.
| CGNAX | CWGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.47 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 3.29 | -0.58 |
| Martin ratioReturn relative to average drawdown | 12.28 | 14.47 | -2.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CGNAX | CWGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 2.56 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.76 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.76 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.69 | +0.18 |
Drawdowns
CGNAX vs. CWGIX - Drawdown Comparison
The maximum CGNAX drawdown since its inception was -26.56%, smaller than the maximum CWGIX drawdown of -54.47%. Use the drawdown chart below to compare losses from any high point for CGNAX and CWGIX.
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Drawdown Indicators
| CGNAX | CWGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.56% | -54.47% | +27.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -10.52% | +2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -13.09% | -15.56% | +2.47% |
Max Drawdown (5Y)Largest decline over 5 years | -23.14% | -27.18% | +4.04% |
Max Drawdown (10Y)Largest decline over 10 years | -26.56% | -32.00% | +5.44% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -7.13% | +3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 2.39% | -0.57% |
Volatility
CGNAX vs. CWGIX - Volatility Comparison
The current volatility for American Funds Growth and Income Portfolio (CGNAX) is 3.02%, while American Funds Capital World Growth and Income Fund Class A (CWGIX) has a volatility of 4.41%. This indicates that CGNAX experiences smaller price fluctuations and is considered to be less risky than CWGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGNAX | CWGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.02% | 4.41% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 11.08% | -2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.09% | 13.51% | -3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.60% | 15.20% | -2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.19% | 16.05% | -2.86% |
CGNAX vs. CWGIX - Expense Ratio Comparison
CGNAX has a 0.36% expense ratio, which is lower than CWGIX's 0.75% expense ratio.
Dividends
CGNAX vs. CWGIX - Dividend Comparison
CGNAX's dividend yield for the trailing twelve months is around 5.03%, less than CWGIX's 9.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGNAX American Funds Growth and Income Portfolio | 5.03% | 5.48% | 4.79% | 2.78% | 6.42% | 5.11% | 3.97% | 5.48% | 6.06% | 3.40% | 4.30% | 4.51% |
CWGIX American Funds Capital World Growth and Income Fund Class A | 9.08% | 10.54% | 7.88% | 3.20% | 2.09% | 6.82% | 1.23% | 2.44% | 7.00% | 6.63% | 4.96% | 3.78% |
Frequently Asked Questions
With a correlation of 0.97, CGNAX and CWGIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
CWGIX has higher volatility (4.41%) compared to CGNAX (3.02%). In terms of maximum drawdown, CGNAX dropped -26.56% vs CWGIX's -54.47%.
CWGIX currently has the higher Sharpe Ratio (2.56 vs 2.22), 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.
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