CGNG vs. AVDV

Last updated Jun 3, 2026

CGNG (Capital Group New Geography Equity ETF) and AVDV (Avantis International Small Cap Value ETF) are both exchange-traded funds - CGNG is a Emerging Markets Diversified fund actively managed by Capital Group, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. Both are actively managed. Over the past year, CGNG returned 37.56% vs 44.23% for AVDV. A 0.74 correlation means they provide meaningful diversification when combined. CGNG charges 0.64%/yr vs 0.36%/yr for AVDV.

Performance

CGNG vs. AVDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group New Geography Equity ETF (CGNG) and Avantis International Small Cap Value ETF (AVDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGNG achieves a 17.63% return, which is significantly higher than AVDV's 16.04% return.

CGNG

• 1D: 0.94%
• 1M: 7.68%
• YTD: 17.63%
• 6M: 19.14%
• 1Y: 37.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVDV

• 1D: -0.73%
• 1M: 3.98%
• YTD: 16.04%
• 6M: 19.54%
• 1Y: 44.23%
• 3Y*: 28.01%
• 5Y*: 13.72%
• 10Y*: —

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

CGNG vs. AVDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CGNG Capital Group New Geography Equity ETF	17.63%	29.78%	-0.97%
AVDV Avantis International Small Cap Value ETF	16.04%	49.37%	2.71%

Correlation

The correlation between CGNG and AVDV is 0.73, 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	0.73
Correlation (All Time) Calculated using the full available price history since Jun 28, 2024	0.74

The correlation between CGNG and AVDV has been stable across timeframes, ranging from 0.73 to 0.74 - a consistent structural relationship.

CGNG vs. AVDV - Sectors Allocation Comparison

Sectors	CGNG	AVDV
Technology	31.4%	6.4%
Financial Services	16.2%	13.7%
Industrials	10.7%	21.3%
Communication Services	10.4%	2.0%
Consumer Cyclical	9.8%	14.4%
Basic Materials	7.5%	22.5%
Consumer Defensive	3.8%	3.4%
Healthcare	3.5%	2.1%
Energy	3.5%	10.8%
Utilities	1.8%	1.7%
Real Estate	1.3%	1.1%

Return for Risk

CGNG vs. AVDV — Risk / Return Rank

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

CGNG

CGNG Risk / Return Rank: 61
CGNG Sharpe Ratio Rank: 62
CGNG Sortino Ratio Rank: 61
CGNG Omega Ratio Rank: 63
CGNG Calmar Ratio Rank: 56
CGNG Martin Ratio Rank: 64

AVDV

AVDV Risk / Return Rank: 78
AVDV Sharpe Ratio Rank: 85
AVDV Sortino Ratio Rank: 83
AVDV Omega Ratio Rank: 84
AVDV Calmar Ratio Rank: 66
AVDV Martin Ratio Rank: 72

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.

CGNG vs. AVDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group New Geography Equity ETF (CGNG) and Avantis International Small Cap Value ETF (AVDV). 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.

	CGNG	AVDV	Difference
Sharpe ratio Return per unit of total volatility	2.10	2.86	-0.76
Sortino ratio Return per unit of downside risk	2.91	3.79	-0.88
Omega ratio Gain probability vs. loss probability	1.39	1.52	-0.13
Calmar ratio Return relative to maximum drawdown	2.83	3.37	-0.54
Martin ratio Return relative to average drawdown	11.99	13.67	-1.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGNG vs. AVDV - Sharpe Ratio Comparison

The current CGNG Sharpe Ratio is 2.10, which is comparable to the AVDV Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of CGNG and AVDV, 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

	CGNG	AVDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	2.86	-0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	0.80	+0.53

Drawdowns

CGNG vs. AVDV - Drawdown Comparison

The maximum CGNG drawdown since its inception was -15.90%, smaller than the maximum AVDV drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for CGNG and AVDV.

Drawdown Indicators

	CGNG	AVDV	Difference
Max Drawdown Largest peak-to-trough decline	-15.90%	-43.01%	+27.11%
Max Drawdown (1Y) Largest decline over 1 year	-13.75%	-13.19%	-0.56%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.17%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.08%	—
Current Drawdown Current decline from peak	0.00%	-1.35%	+1.35%
Average Drawdown Average peak-to-trough decline	-2.84%	-6.77%	+3.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	3.24%	0.00%

Volatility

CGNG vs. AVDV - Volatility Comparison

Capital Group New Geography Equity ETF (CGNG) has a higher volatility of 6.85% compared to Avantis International Small Cap Value ETF (AVDV) at 4.92%. This indicates that CGNG's price experiences larger fluctuations and is considered to be riskier than AVDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGNG	AVDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.85%	4.92%	+1.93%
Volatility (6M) Calculated over the trailing 6-month period	15.60%	13.07%	+2.53%
Volatility (1Y) Calculated over the trailing 1-year period	18.00%	15.56%	+2.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.16%	17.30%	+0.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.16%	19.73%	-1.57%

CGNG vs. AVDV - Expense Ratio Comparison

CGNG has a 0.64% expense ratio, which is higher than AVDV's 0.36% expense ratio.

Dividends

CGNG vs. AVDV - Dividend Comparison

CGNG's dividend yield for the trailing twelve months is around 0.58%, less than AVDV's 2.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVDV Avantis International Small Cap Value ETF	2.74%	3.05%	4.31%	3.29%	3.17%	2.39%	1.67%	0.36%
CGNG Capital Group New Geography Equity ETF	0.58%	0.68%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CGNG and AVDV in my portfolio?

CGNG and AVDV have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGNG or AVDV?

CGNG has higher volatility (6.85%) compared to AVDV (4.92%). In terms of maximum drawdown, CGNG dropped -15.90% vs AVDV's -43.01%.

Which ETF is better, CGNG or AVDV?

On 1-year performance, AVDV leads with 44.23% vs 37.56% for CGNG. On fees, AVDV is cheaper at 0.36% per year. On volatility, AVDV has been the lower-risk option at 4.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGNG or AVDV?

Over the 1-year period, AVDV has performed better with a 44.23% return vs 37.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGNG or AVDV?

AVDV is cheaper with a 0.36% expense ratio, compared with 0.64% for CGNG.

Which ETF pays a higher dividend yield, CGNG or AVDV?

AVDV has the higher dividend yield at 2.74%, compared with 0.58% for CGNG.

What is the main difference between CGNG and AVDV?

CGNG is categorized as Emerging Markets Diversified, while AVDV is Foreign Small & Mid Cap Equities. They also come from different issuers: Capital Group and Avantis. Their fees differ too: 0.64% for CGNG and 0.36% for AVDV.

Which has better risk-adjusted returns?

AVDV currently has the higher Sharpe Ratio (2.86 vs 2.10), 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.