CPGAX vs. SPY
Compare and contrast key facts about American Funds Global Growth Portfolio (CPGAX) and State Street SPDR S&P 500 ETF (SPY).
CPGAX is managed by Pacific LifeFunds. It was launched on May 17, 2012. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
CPGAX vs. SPY - Performance Comparison
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CPGAX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPGAX American Funds Global Growth Portfolio | -6.94% | 22.99% | 14.81% | 24.05% | -25.77% | 12.89% | 27.36% | 27.87% | -8.99% | 28.56% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, CPGAX achieves a -6.94% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, CPGAX has underperformed SPY with an annualized return of 10.58%, while SPY has yielded a comparatively higher 13.98% annualized return.
CPGAX
- 1D
- -0.65%
- 1M
- -10.78%
- YTD
- -6.94%
- 6M
- -3.43%
- 1Y
- 17.91%
- 3Y*
- 14.39%
- 5Y*
- 5.99%
- 10Y*
- 10.58%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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CPGAX vs. SPY - Expense Ratio Comparison
CPGAX has a 0.40% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
CPGAX vs. SPY — Risk / Return Rank
CPGAX
SPY
CPGAX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Global Growth Portfolio (CPGAX) and State Street SPDR S&P 500 ETF (SPY). 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.
| CPGAX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.93 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.45 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 1.53 | -0.22 |
Martin ratioReturn relative to average drawdown | 5.51 | 7.30 | -1.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CPGAX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.93 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.69 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.78 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.56 | +0.10 |
Correlation
The correlation between CPGAX and SPY is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CPGAX vs. SPY - Dividend Comparison
CPGAX's dividend yield for the trailing twelve months is around 6.01%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPGAX American Funds Global Growth Portfolio | 6.01% | 5.59% | 4.29% | 0.92% | 7.95% | 3.33% | 0.77% | 4.89% | 5.69% | 6.21% | 3.66% | 3.92% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
CPGAX vs. SPY - Drawdown Comparison
The maximum CPGAX drawdown since its inception was -34.42%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CPGAX and SPY.
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Drawdown Indicators
| CPGAX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.42% | -55.19% | +20.77% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -12.05% | +0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -34.42% | -24.50% | -9.92% |
Max Drawdown (10Y)Largest decline over 10 years | -34.42% | -33.72% | -0.70% |
Current DrawdownCurrent decline from peak | -11.33% | -6.24% | -5.09% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -9.09% | +3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 2.52% | +0.20% |
Volatility
CPGAX vs. SPY - Volatility Comparison
American Funds Global Growth Portfolio (CPGAX) has a higher volatility of 5.60% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that CPGAX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPGAX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 5.31% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 9.47% | +1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.07% | 19.05% | -1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.89% | 17.06% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.17% | 17.92% | -0.75% |