CGNG vs. EELV
CGNG (Capital Group New Geography Equity ETF) and EELV (Invesco S&P Emerging Markets Low Volatility ETF) are both exchange-traded funds - CGNG is a Emerging Markets Diversified fund actively managed by Capital Group, while EELV is a Volatility Hedged Equity fund tracking the S&P BMI Emerging Markets Low Volatility Index. CGNG is actively managed, while EELV is passively managed. Over the past year, CGNG returned 30.71% vs 12.92% for EELV. A 0.72 correlation means they provide meaningful diversification when combined. CGNG charges 0.64%/yr vs 0.30%/yr for EELV.
Performance
CGNG vs. EELV - Performance Comparison
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Returns By Period
In the year-to-date period, CGNG achieves a 15.31% return, which is significantly higher than EELV's 4.41% return.
CGNG
- 1D
- 0.93%
- 1M
- 0.71%
- YTD
- 15.31%
- 6M
- 15.02%
- 1Y
- 30.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EELV
- 1D
- 0.27%
- 1M
- -1.33%
- YTD
- 4.41%
- 6M
- 4.10%
- 1Y
- 12.92%
- 3Y*
- 10.99%
- 5Y*
- 7.34%
- 10Y*
- 6.95%
CGNG vs. EELV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CGNG Capital Group New Geography Equity ETF | 15.31% | 29.78% | -1.17% |
EELV Invesco S&P Emerging Markets Low Volatility ETF | 4.41% | 21.97% | 2.62% |
Correlation
The correlation between CGNG and EELV is 0.71, 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 | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024 | 0.72 |
The correlation between CGNG and EELV has been stable across timeframes, ranging from 0.71 to 0.72 - a consistent structural relationship.
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Return for Risk
CGNG vs. EELV — Risk / Return Rank
CGNG
EELV
CGNG vs. EELV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group New Geography Equity ETF (CGNG) and Invesco S&P Emerging Markets Low Volatility ETF (EELV). 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 | EELV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.21 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 1.58 | +0.67 |
| Martin ratioReturn relative to average drawdown | 9.11 | 4.96 | +4.15 |
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Drawdowns
CGNG vs. EELV - Drawdown Comparison
The maximum CGNG drawdown since its inception was -15.90%, smaller than the maximum EELV drawdown of -36.35%. Use the drawdown chart below to compare losses from any high point for CGNG and EELV.
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Drawdown Indicators
| CGNG | EELV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.90% | -36.35% | +20.45% |
Max Drawdown (1Y)Largest decline over 1 year | -13.75% | -8.22% | -5.53% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.79% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.35% | — |
Current DrawdownCurrent decline from peak | -3.38% | -4.31% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -8.90% | +6.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 2.61% | +0.77% |
Volatility
CGNG vs. EELV - Volatility Comparison
Capital Group New Geography Equity ETF (CGNG) has a higher volatility of 10.24% compared to Invesco S&P Emerging Markets Low Volatility ETF (EELV) at 3.35%. This indicates that CGNG's price experiences larger fluctuations and is considered to be riskier than EELV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGNG | EELV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.24% | 3.35% | +6.89% |
Volatility (6M)Calculated over the trailing 6-month period | 18.28% | 9.27% | +9.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.19% | 11.01% | +9.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.15% | 11.40% | +7.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.15% | 13.53% | +5.62% |
CGNG vs. EELV - Expense Ratio Comparison
CGNG has a 0.64% expense ratio, which is higher than EELV's 0.30% expense ratio.
Dividends
CGNG vs. EELV - Dividend Comparison
CGNG's dividend yield for the trailing twelve months is around 0.59%, less than EELV's 3.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGNG Capital Group New Geography Equity ETF | 0.59% | 0.68% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EELV Invesco S&P Emerging Markets Low Volatility ETF | 3.94% | 3.75% | 4.70% | 4.00% | 3.45% | 4.35% | 2.82% | 3.14% | 5.50% | 2.92% | 2.29% | 2.53% |
Frequently Asked Questions
CGNG and EELV have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGNG has higher volatility (10.24%) compared to EELV (3.35%). In terms of maximum drawdown, CGNG dropped -15.90% vs EELV's -36.35%.
On 1-year performance, CGNG leads with 30.71% vs 12.92% for EELV. On fees, EELV is cheaper at 0.30% per year. On volatility, EELV has been the lower-risk option at 3.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CGNG has performed better with a 30.71% return vs 12.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EELV is cheaper with a 0.30% expense ratio, compared with 0.64% for CGNG.
EELV has the higher dividend yield at 3.94%, compared with 0.59% for CGNG.
CGNG is categorized as Emerging Markets Diversified, while EELV is Volatility Hedged Equity. They also come from different issuers: Capital Group and Invesco. Their fees differ too: 0.64% for CGNG and 0.30% for EELV.
CGNG currently has the higher Sharpe Ratio (1.53 vs 1.18), 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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