CPGAX vs. CAEIX

Last updated Jun 24, 2026

CPGAX (American Funds Global Growth Portfolio) and CAEIX (Calvert Global Energy Solutions Fund) are both Global Equities funds. Over the past 10 years, CPGAX returned 13.05%/yr vs 12.29%/yr for CAEIX. Their correlation of 0.86 suggests significant overlap in exposure. CPGAX charges 0.40%/yr vs 0.99%/yr for CAEIX.

Performance

CPGAX vs. CAEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Global Growth Portfolio (CPGAX) and Calvert Global Energy Solutions Fund (CAEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPGAX achieves a 13.53% return, which is significantly lower than CAEIX's 18.53% return. Over the past 10 years, CPGAX has outperformed CAEIX with an annualized return of 13.05%, while CAEIX has yielded a comparatively lower 12.29% annualized return.

CPGAX

• 1D: 0.17%
• 1M: 3.62%
• YTD: 13.53%
• 6M: 12.98%
• 1Y: 29.50%
• 3Y*: 20.71%
• 5Y*: 8.84%
• 10Y*: 13.05%

CAEIX

• 1D: 0.49%
• 1M: -1.31%
• YTD: 18.53%
• 6M: 17.68%
• 1Y: 41.58%
• 3Y*: 13.14%
• 5Y*: 5.72%
• 10Y*: 12.29%

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

CPGAX vs. CAEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CPGAX American Funds Global Growth Portfolio	13.53%	22.99%	14.81%	24.05%	-25.77%	12.89%	27.36%	27.87%	-8.99%	28.56%
CAEIX Calvert Global Energy Solutions Fund	18.53%	32.61%	-7.13%	5.67%	-17.43%	6.73%	61.52%	33.48%	-19.26%	29.65%

Correlation

The correlation between CPGAX and CAEIX is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since May 21, 2012	0.86

The correlation between CPGAX and CAEIX has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.

Return for Risk

CPGAX vs. CAEIX — Risk / Return Rank

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

CPGAX

CPGAX Risk / Return Rank: 55
CPGAX Sharpe Ratio Rank: 54
CPGAX Sortino Ratio Rank: 50
CPGAX Omega Ratio Rank: 53
CPGAX Calmar Ratio Rank: 54
CPGAX Martin Ratio Rank: 63

CAEIX

CAEIX Risk / Return Rank: 82
CAEIX Sharpe Ratio Rank: 83
CAEIX Sortino Ratio Rank: 73
CAEIX Omega Ratio Rank: 71
CAEIX Calmar Ratio Rank: 94
CAEIX Martin Ratio Rank: 90

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.

CPGAX vs. CAEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds Global Growth Portfolio (CPGAX) and Calvert Global Energy Solutions Fund (CAEIX). 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.

	CPGAX	CAEIX	Difference
Sharpe ratio: Return per unit of total volatility	2.00	2.51	-0.51
Sortino ratio: Return per unit of downside risk	2.74	3.25	-0.51
Omega ratio: Gain probability vs. loss probability	1.37	1.43	-0.06
Calmar ratio: Return relative to maximum drawdown	2.70	5.14	-2.44
Martin ratio: Return relative to average drawdown	11.71	16.42	-4.71

CPGAX vs. CAEIX - Sharpe Ratio Comparison

The current CPGAX Sharpe Ratio is 2.00, which is comparable to the CAEIX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of CPGAX and CAEIX, 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

CPGAX vs. CAEIX - Drawdown Comparison

The maximum CPGAX drawdown since its inception was -34.42%, smaller than the maximum CAEIX drawdown of -75.81%. Use the drawdown chart below to compare losses from any high point for CPGAX and CAEIX.

Drawdown Indicators

	CPGAX	CAEIX	Difference
Max Drawdown Largest peak-to-trough decline	-34.42%	-75.81%	+41.39%
Max Drawdown (1Y) Largest decline over 1 year	-11.33%	-8.39%	-2.94%
Max Drawdown (3Y) Largest decline over 3 years	-17.99%	-24.57%	+6.58%
Max Drawdown (5Y) Largest decline over 5 years	-34.42%	-32.58%	-1.84%
Max Drawdown (10Y) Largest decline over 10 years	-34.42%	-37.54%	+3.12%
Current Drawdown Current decline from peak	0.00%	-3.72%	+3.72%
Average Drawdown Average peak-to-trough decline	-5.92%	-48.51%	+42.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	2.62%	-0.01%

Volatility

CPGAX vs. CAEIX - Volatility Comparison

American Funds Global Growth Portfolio (CPGAX) and Calvert Global Energy Solutions Fund (CAEIX) have volatilities of 6.43% and 6.76%, 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

	CPGAX	CAEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.43%	6.76%	-0.33%
Volatility (6M) Calculated over the trailing 6-month period	12.88%	13.88%	-1.00%
Volatility (1Y) Calculated over the trailing 1-year period	15.37%	17.21%	-1.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.26%	19.33%	-2.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.37%	19.72%	-2.35%

CPGAX vs. CAEIX - Expense Ratio Comparison

CPGAX has a 0.40% expense ratio, which is lower than CAEIX's 0.99% expense ratio.

Dividends

CPGAX vs. CAEIX - Dividend Comparison

CPGAX's dividend yield for the trailing twelve months is around 4.93%, more than CAEIX's 0.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAEIX Calvert Global Energy Solutions Fund	0.61%	0.72%	1.17%	1.07%	0.86%	0.49%	0.82%	1.23%	2.00%	1.40%	1.79%	0.72%
CPGAX American Funds Global Growth Portfolio	4.93%	5.59%	4.29%	0.92%	7.95%	3.33%	0.77%	4.89%	5.69%	6.21%	3.66%	3.92%

Frequently Asked Questions

Can I hold both CPGAX and CAEIX in my portfolio?

CPGAX and CAEIX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CPGAX or CAEIX?

CAEIX has higher volatility (6.76%) compared to CPGAX (6.43%). In terms of maximum drawdown, CPGAX dropped -34.42% vs CAEIX's -75.81%.

Which has better risk-adjusted returns?

CAEIX currently has the higher Sharpe Ratio (2.51 vs 2.00), 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.