CGNAX vs. SPY
Compare and contrast key facts about American Funds Growth and Income Portfolio (CGNAX) and State Street SPDR S&P 500 ETF (SPY).
CGNAX is managed by American Funds. It was launched on May 17, 2012. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
CGNAX vs. SPY - Performance Comparison
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CGNAX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CGNAX American Funds Growth and Income Portfolio | -2.54% | 17.85% | 14.51% | 18.73% | -15.96% | 16.36% | 16.31% | 21.78% | -5.88% | 18.99% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, CGNAX achieves a -2.54% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, CGNAX has underperformed SPY with an annualized return of 9.87%, while SPY has yielded a comparatively higher 14.06% annualized return.
CGNAX
- 1D
- 2.27%
- 1M
- -5.52%
- YTD
- -2.54%
- 6M
- -0.42%
- 1Y
- 15.52%
- 3Y*
- 14.20%
- 5Y*
- 7.75%
- 10Y*
- 9.87%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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CGNAX vs. SPY - Expense Ratio Comparison
CGNAX has a 0.36% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
CGNAX vs. SPY — Risk / Return Rank
CGNAX
SPY
CGNAX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Growth and Income Portfolio (CGNAX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 0.96 | +0.29 |
Sortino ratioReturn per unit of downside risk | 1.84 | 1.49 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.53 | +0.29 |
Martin ratioReturn relative to average drawdown | 7.83 | 7.27 | +0.56 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 0.96 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.70 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.79 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.56 | +0.24 |
Correlation
The correlation between CGNAX and SPY is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CGNAX vs. SPY - Dividend Comparison
CGNAX's dividend yield for the trailing twelve months is around 5.62%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGNAX American Funds Growth and Income Portfolio | 5.62% | 5.48% | 4.79% | 2.78% | 6.42% | 5.11% | 3.97% | 5.48% | 6.06% | 3.40% | 4.30% | 4.51% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
CGNAX vs. SPY - Drawdown Comparison
The maximum CGNAX drawdown since its inception was -26.56%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CGNAX and SPY.
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Drawdown Indicators
| CGNAX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.56% | -55.19% | +28.63% |
Max Drawdown (1Y)Largest decline over 1 year | -8.84% | -12.05% | +3.21% |
Max Drawdown (5Y)Largest decline over 5 years | -23.14% | -24.50% | +1.36% |
Max Drawdown (10Y)Largest decline over 10 years | -26.56% | -33.72% | +7.16% |
Current DrawdownCurrent decline from peak | -6.20% | -5.53% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -3.48% | -9.09% | +5.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.54% | -0.49% |
Volatility
CGNAX vs. SPY - Volatility Comparison
The current volatility for American Funds Growth and Income Portfolio (CGNAX) is 4.79%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that CGNAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGNAX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 5.35% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 7.91% | 9.50% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.85% | 19.06% | -6.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.54% | 17.06% | -4.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.15% | 17.92% | -4.77% |