CGNG vs. CGIC

Last updated Jun 24, 2026

CGNG (Capital Group New Geography Equity ETF) and CGIC (Capital Group International Core Equity ETF) are both exchange-traded funds - CGNG is a Emerging Markets Diversified fund actively managed by Capital Group, while CGIC is a Foreign Large Cap Equities fund actively managed by Capital Group. Both are actively managed. Over the past year, CGNG returned 32.44% vs 28.50% for CGIC. Their correlation of 0.89 suggests significant overlap in exposure. CGNG charges 0.64%/yr vs 0.54%/yr for CGIC.

Performance

CGNG vs. CGIC - Performance Comparison

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

Returns By Period

In the year-to-date period, CGNG achieves a 14.12% return, which is significantly higher than CGIC's 11.18% return.

CGNG

• 1D: -4.38%
• 1M: 2.47%
• YTD: 14.12%
• 6M: 13.97%
• 1Y: 32.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CGIC

• 1D: -2.67%
• 1M: 0.11%
• YTD: 11.18%
• 6M: 11.14%
• 1Y: 28.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CGNG vs. CGIC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CGNG Capital Group New Geography Equity ETF	14.12%	29.78%	-1.17%
CGIC Capital Group International Core Equity ETF	11.18%	37.53%	-3.23%

Correlation

The correlation between CGNG and CGIC is 0.91, 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	0.91
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024	0.89

The correlation between CGNG and CGIC has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

Return for Risk

CGNG vs. CGIC — Risk / Return Rank

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

CGNG

CGNG Risk / Return Rank: 52
CGNG Sharpe Ratio Rank: 50
CGNG Sortino Ratio Rank: 47
CGNG Omega Ratio Rank: 52
CGNG Calmar Ratio Rank: 51
CGNG Martin Ratio Rank: 58

CGIC

CGIC Risk / Return Rank: 55
CGIC Sharpe Ratio Rank: 55
CGIC Sortino Ratio Rank: 52
CGIC Omega Ratio Rank: 54
CGIC Calmar Ratio Rank: 54
CGIC Martin Ratio Rank: 57

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. CGIC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group New Geography Equity ETF (CGNG) and Capital Group International Core Equity ETF (CGIC). 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.

	CGNG	CGIC	Difference
Sharpe ratio: Return per unit of total volatility	1.61	1.77	-0.17
Sortino ratio: Return per unit of downside risk	2.21	2.43	-0.21
Omega ratio: Gain probability vs. loss probability	1.31	1.32	-0.02
Calmar ratio: Return relative to maximum drawdown	2.37	2.53	-0.16
Martin ratio: Return relative to average drawdown	9.67	9.63	+0.04

CGNG vs. CGIC - Sharpe Ratio Comparison

The current CGNG Sharpe Ratio is 1.61, which is comparable to the CGIC Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of CGNG and CGIC, 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

CGNG vs. CGIC - Drawdown Comparison

The maximum CGNG drawdown since its inception was -15.90%, which is greater than CGIC's maximum drawdown of -13.10%. Use the drawdown chart below to compare losses from any high point for CGNG and CGIC.

Drawdown Indicators

	CGNG	CGIC	Difference
Max Drawdown Largest peak-to-trough decline	-15.90%	-13.10%	-2.80%
Max Drawdown (1Y) Largest decline over 1 year	-13.75%	-11.30%	-2.45%
Current Drawdown Current decline from peak	-4.38%	-2.67%	-1.71%
Average Drawdown Average peak-to-trough decline	-2.84%	-2.51%	-0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	2.97%	+0.39%

Volatility

CGNG vs. CGIC - Volatility Comparison

Capital Group New Geography Equity ETF (CGNG) has a higher volatility of 10.59% compared to Capital Group International Core Equity ETF (CGIC) at 6.93%. This indicates that CGNG's price experiences larger fluctuations and is considered to be riskier than CGIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGNG	CGIC	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.59%	6.93%	+3.66%
Volatility (6M) Calculated over the trailing 6-month period	18.29%	14.22%	+4.07%
Volatility (1Y) Calculated over the trailing 1-year period	20.31%	16.15%	+4.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.18%	16.55%	+2.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.18%	16.55%	+2.63%

CGNG vs. CGIC - Expense Ratio Comparison

CGNG has a 0.64% expense ratio, which is higher than CGIC's 0.54% expense ratio.

Dividends

CGNG vs. CGIC - Dividend Comparison

CGNG's dividend yield for the trailing twelve months is around 0.60%, less than CGIC's 1.34% yield.

Position	TTM	2025	2024
CGIC Capital Group International Core Equity ETF	1.34%	1.60%	0.68%
CGNG Capital Group New Geography Equity ETF	0.60%	0.68%	0.27%

Frequently Asked Questions

Can I hold both CGNG and CGIC in my portfolio?

With a correlation of 0.91, CGNG and CGIC 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.

Which is riskier, CGNG or CGIC?

CGNG has higher volatility (10.59%) compared to CGIC (6.93%). In terms of maximum drawdown, CGNG dropped -15.90% vs CGIC's -13.10%.

Which ETF is better, CGNG or CGIC?

On 1-year performance, CGNG leads with 32.44% vs 28.50% for CGIC. On fees, CGIC is cheaper at 0.54% per year. On volatility, CGIC has been the lower-risk option at 6.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGNG or CGIC?

Over the 1-year period, CGNG has performed better with a 32.44% return vs 28.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGNG or CGIC?

CGIC is cheaper with a 0.54% expense ratio, compared with 0.64% for CGNG.

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

CGIC has the higher dividend yield at 1.34%, compared with 0.60% for CGNG.

What is the main difference between CGNG and CGIC?

CGNG is categorized as Emerging Markets Diversified, while CGIC is Foreign Large Cap Equities. Their fees differ too: 0.64% for CGNG and 0.54% for CGIC.

Which has better risk-adjusted returns?

CGIC currently has the higher Sharpe Ratio (1.77 vs 1.61), 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.