CGNG vs. ECOW

Last updated Aug 4, 2026

CGNG (Capital Group New Geography Equity ETF) and ECOW (Pacer Emerging Markets Cash Cows 100 ETF) are both Emerging Markets Equities funds. CGNG is actively managed, while ECOW is passively managed. Over the past year, CGNG returned 27.86% vs 29.12% for ECOW. Their 0.75 correlation means they have sometimes moved together and sometimes differently. CGNG charges 0.64%/yr vs 0.70%/yr for ECOW.

Performance

CGNG vs. ECOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group New Geography Equity ETF (CGNG) and Pacer Emerging Markets Cash Cows 100 ETF (ECOW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with CGNG having a 12.68% return and ECOW slightly higher at 12.88%.

CGNG

• 1D: 0.87%
• 1M: -0.47%
• 6M: 6.01%
• YTD: 12.68%
• 1Y: 27.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.17%

ECOW

• 1D: -0.14%
• 1M: 3.07%
• 6M: 4.72%
• YTD: 12.88%
• 1Y: 29.12%
• 3Y*: 17.21%
• 5Y*: 6.83%
• 10Y*: —
• ALL TIME*: 7.32%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CGNG Capital Group New Geography Equity ETF	$26.97M	$26.18M	$26.21M
ECOW Pacer Emerging Markets Cash Cows 100 ETF	$573.24K	$693.96K	$1.37M

CGNG vs. ECOW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CGNG Capital Group New Geography Equity ETF	12.68%	29.78%	-1.17%
ECOW Pacer Emerging Markets Cash Cows 100 ETF	12.88%	32.50%	-0.89%

Correlation

The correlation between CGNG and ECOW is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.73
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024	0.75

The correlation between CGNG and ECOW has been stable across timeframes, ranging from 0.73 to 0.75 - a consistent structural relationship.

CGNG vs. ECOW - Sectors Allocation Comparison

Sectors	CGNG	ECOW
Technology	37.8%	4.2%
Financial Services	15.3%	-
Industrials	10.4%	10.7%
Communication Services	9.4%	15.2%
Consumer Cyclical	8.0%	13.9%
Basic Materials	7.1%	11.2%
Healthcare	4.0%	3.7%
Consumer Defensive	3.2%	11.6%
Energy	2.2%	10.4%
Utilities	1.6%	6.9%
Real Estate	1.1%	-

Return for Risk

CGNG vs. ECOW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CGNG

CGNG Risk / Return Rank: 53
CGNG Sharpe Ratio Rank: 50
CGNG Sortino Ratio Rank: 49
CGNG Omega Ratio Rank: 52
CGNG Calmar Ratio Rank: 55
CGNG Martin Ratio Rank: 58

ECOW

ECOW Risk / Return Rank: 80
ECOW Sharpe Ratio Rank: 82
ECOW Sortino Ratio Rank: 80
ECOW Omega Ratio Rank: 81
ECOW Calmar Ratio Rank: 86
ECOW Martin Ratio Rank: 72

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CGNG vs. ECOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group New Geography Equity ETF (CGNG) and Pacer Emerging Markets Cash Cows 100 ETF (ECOW). 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	ECOW	Difference
Sharpe ratio: Return per unit of total volatility	1.29	1.98	-0.69
Sortino ratio: Return per unit of downside risk	1.84	2.70	-0.86
Omega ratio: Gain probability vs. loss probability	1.25	1.36	-0.11
Calmar ratio: Return relative to maximum drawdown	2.04	3.50	-1.47
Martin ratio: Return relative to average drawdown	7.22	9.20	-1.98

CGNG vs. ECOW - Sharpe Ratio Comparison

The current CGNG Sharpe Ratio is 1.29, which is lower than the ECOW Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of CGNG and ECOW, 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. ECOW - Drawdown Comparison

The maximum CGNG drawdown since its inception was -15.90%, smaller than the maximum ECOW drawdown of -40.27%. Use the drawdown chart below to compare losses from any high point for CGNG and ECOW.

Drawdown Indicators

	CGNG	ECOW	Difference
Max Drawdown Largest peak-to-trough decline	-15.90%	-40.27%	+24.37%
Max Drawdown (1Y) Largest decline over 1 year	-13.75%	-8.35%	-5.40%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.30%	—
Current Drawdown Current decline from peak	-5.59%	-3.72%	-1.87%
Average Drawdown Average peak-to-trough decline	-2.99%	-10.93%	+7.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.87%	3.17%	+0.70%

Volatility

CGNG vs. ECOW - Volatility Comparison

Capital Group New Geography Equity ETF (CGNG) has a higher volatility of 7.72% compared to Pacer Emerging Markets Cash Cows 100 ETF (ECOW) at 3.45%. This indicates that CGNG's price experiences larger fluctuations and is considered to be riskier than ECOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGNG	ECOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.72%	3.45%	+4.27%
Volatility (6M) Calculated over the trailing 6-month period	19.61%	11.82%	+7.79%
Volatility (1Y) Calculated over the trailing 1-year period	21.67%	14.78%	+6.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.54%	17.73%	+1.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.54%	20.03%	-0.49%

CGNG vs. ECOW - Expense Ratio Comparison

CGNG has a 0.64% expense ratio, which is lower than ECOW's 0.70% expense ratio.

Dividends

CGNG vs. ECOW - Dividend Comparison

CGNG's dividend yield for the trailing twelve months is around 0.60%, less than ECOW's 4.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CGNG Capital Group New Geography Equity ETF	0.60%	0.68%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%
ECOW Pacer Emerging Markets Cash Cows 100 ETF	4.45%	5.20%	7.35%	5.46%	7.50%	4.39%	3.35%	8.08%

Frequently Asked Questions

Can I hold both CGNG and ECOW in my portfolio?

CGNG and ECOW 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 ECOW?

CGNG has higher volatility (7.72%) compared to ECOW (3.45%). In terms of maximum drawdown, CGNG dropped -15.90% vs ECOW's -40.27%.

Which ETF is better, CGNG or ECOW?

On 1-year performance, ECOW leads with 29.12% vs 27.86% for CGNG. On fees, CGNG is cheaper at 0.64% per year. On volatility, ECOW has been the lower-risk option at 3.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGNG or ECOW?

Over the 1-year period, ECOW has performed better with a 29.12% return vs 27.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGNG or ECOW?

CGNG is cheaper with a 0.64% expense ratio, compared with 0.70% for ECOW.

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

ECOW has the higher dividend yield at 4.45%, compared with 0.60% for CGNG.

What is the main difference between CGNG and ECOW?

They also come from different issuers: Capital Group and Pacer. Their fees differ too: 0.64% for CGNG and 0.70% for ECOW.

Which has better risk-adjusted returns?

ECOW currently has the higher Sharpe Ratio (1.98 vs 1.29), 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.