CGNG vs. GEME

Last updated Aug 4, 2026

CGNG (Capital Group New Geography Equity ETF) and GEME (Pacific North of South Global Emerging Markets Equity Active ETF) are both Emerging Markets Equities funds. Both are actively managed. Over the past year, CGNG returned 27.86% vs 61.53% for GEME. Their correlation of 0.86 means they have usually moved in the same direction. CGNG charges 0.64%/yr vs 0.75%/yr for GEME.

Performance

CGNG vs. GEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group New Geography Equity ETF (CGNG) and Pacific North of South Global Emerging Markets Equity Active ETF (GEME). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGNG achieves a 12.68% return, which is significantly lower than GEME's 30.26% return.

CGNG

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

GEME

• 1D: 0.43%
• 1M: -0.52%
• 6M: 17.23%
• YTD: 30.26%
• 1Y: 61.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 46.50%

*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
GEME Pacific North of South Global Emerging Markets Equity Active ETF	$7.17M	$4.51M	$3.42M

CGNG vs. GEME - Yearly Performance Comparison

	2026 (YTD)	2025
CGNG Capital Group New Geography Equity ETF	12.68%	26.16%
GEME Pacific North of South Global Emerging Markets Equity Active ETF	30.26%	37.43%

Correlation

The correlation between CGNG and GEME is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025	0.86

The correlation between CGNG and GEME has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

Return for Risk

CGNG vs. GEME — 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

GEME

GEME Risk / Return Rank: 90
GEME Sharpe Ratio Rank: 93
GEME Sortino Ratio Rank: 87
GEME Omega Ratio Rank: 90
GEME Calmar Ratio Rank: 93
GEME Martin Ratio Rank: 88

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. GEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group New Geography Equity ETF (CGNG) and Pacific North of South Global Emerging Markets Equity Active ETF (GEME). 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	GEME	Difference
Sharpe ratio: Return per unit of total volatility	1.29	2.56	-1.27
Sortino ratio: Return per unit of downside risk	1.84	3.09	-1.24
Omega ratio: Gain probability vs. loss probability	1.25	1.44	-0.20
Calmar ratio: Return relative to maximum drawdown	2.04	4.60	-2.56
Martin ratio: Return relative to average drawdown	7.22	14.11	-6.89

CGNG vs. GEME - Sharpe Ratio Comparison

The current CGNG Sharpe Ratio is 1.29, which is lower than the GEME Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of CGNG and GEME, 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. GEME - Drawdown Comparison

The maximum CGNG drawdown since its inception was -15.90%, smaller than the maximum GEME drawdown of -16.86%. Use the drawdown chart below to compare losses from any high point for CGNG and GEME.

Drawdown Indicators

	CGNG	GEME	Difference
Max Drawdown Largest peak-to-trough decline	-15.90%	-16.86%	+0.96%
Max Drawdown (1Y) Largest decline over 1 year	-13.75%	-13.46%	-0.29%
Current Drawdown Current decline from peak	-5.59%	-7.12%	+1.53%
Average Drawdown Average peak-to-trough decline	-2.99%	-2.73%	-0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.87%	4.37%	-0.50%

Volatility

CGNG vs. GEME - Volatility Comparison

Capital Group New Geography Equity ETF (CGNG) and Pacific North of South Global Emerging Markets Equity Active ETF (GEME) have volatilities of 7.72% and 7.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGNG	GEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.72%	7.57%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	19.61%	21.31%	-1.70%
Volatility (1Y) Calculated over the trailing 1-year period	21.67%	24.16%	-2.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.54%	24.06%	-4.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.54%	24.06%	-4.52%

CGNG vs. GEME - Expense Ratio Comparison

CGNG has a 0.64% expense ratio, which is lower than GEME's 0.75% expense ratio.

Dividends

CGNG vs. GEME - Dividend Comparison

CGNG's dividend yield for the trailing twelve months is around 0.60%, less than GEME's 5.38% yield.

Position	TTM	2025	2024
CGNG Capital Group New Geography Equity ETF	0.60%	0.68%	0.27%
GEME Pacific North of South Global Emerging Markets Equity Active ETF	5.38%	7.01%	0.00%

Frequently Asked Questions

Can I hold both CGNG and GEME in my portfolio?

CGNG and GEME have a correlation of 0.88, 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 GEME?

CGNG has higher volatility (7.72%) compared to GEME (7.57%). In terms of maximum drawdown, CGNG dropped -15.90% vs GEME's -16.86%.

Which ETF is better, CGNG or GEME?

On 1-year performance, GEME leads with 61.53% vs 27.86% for CGNG. On fees, CGNG is cheaper at 0.64% per year. On volatility, GEME has been the lower-risk option at 7.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGNG or GEME?

Over the 1-year period, GEME has performed better with a 61.53% 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 GEME?

CGNG is cheaper with a 0.64% expense ratio, compared with 0.75% for GEME.

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

GEME has the higher dividend yield at 5.38%, compared with 0.60% for CGNG.

What is the main difference between CGNG and GEME?

They also come from different issuers: Capital Group and Pacific AM. Their fees differ too: 0.64% for CGNG and 0.75% for GEME.

Which has better risk-adjusted returns?

GEME currently has the higher Sharpe Ratio (2.56 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.