Correlation
The correlation between CPGAX and SPY is 0.91, 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.
CPGAX vs. SPY
Compare and contrast key facts about American Funds Global Growth Portfolio (CPGAX) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CPGAX or SPY.
Performance
CPGAX vs. SPY - Performance Comparison
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Key characteristics
CPGAX:
0.69
SPY:
0.70
CPGAX:
0.93
SPY:
1.02
CPGAX:
1.13
SPY:
1.15
CPGAX:
0.60
SPY:
0.68
CPGAX:
2.41
SPY:
2.57
CPGAX:
4.47%
SPY:
4.93%
CPGAX:
18.26%
SPY:
20.42%
CPGAX:
-34.42%
SPY:
-55.19%
CPGAX:
-0.50%
SPY:
-3.55%
Returns By Period
In the year-to-date period, CPGAX achieves a 5.60% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, CPGAX has underperformed SPY with an annualized return of 8.89%, while SPY has yielded a comparatively higher 12.73% annualized return.
CPGAX
5.60%
6.88%
3.07%
12.53%
11.86%
11.12%
8.89%
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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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.
Risk-Adjusted Performance
CPGAX vs. SPY — Risk-Adjusted Performance Rank
CPGAX
SPY
CPGAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Global Growth Portfolio (CPGAX) and 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.
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Dividends
CPGAX vs. SPY - Dividend Comparison
CPGAX's dividend yield for the trailing twelve months is around 4.06%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPGAX American Funds Global Growth Portfolio | 4.06% | 4.29% | 0.92% | 7.95% | 3.33% | 0.77% | 4.89% | 5.69% | 6.21% | 3.66% | 3.92% | 2.48% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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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Volatility
CPGAX vs. SPY - Volatility Comparison
The current volatility for American Funds Global Growth Portfolio (CPGAX) is 4.13%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that CPGAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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