EELV vs. CGNG
EELV (Invesco S&P Emerging Markets Low Volatility ETF) and CGNG (Capital Group New Geography Equity ETF) are both exchange-traded funds - EELV is a Volatility Hedged Equity fund tracking the S&P BMI Emerging Markets Low Volatility Index, while CGNG is a Emerging Markets Diversified fund actively managed by Capital Group. EELV is passively managed, while CGNG is actively managed. Over the past year, EELV returned 12.92% vs 30.71% for CGNG. A 0.72 correlation means they provide meaningful diversification when combined. EELV charges 0.30%/yr vs 0.64%/yr for CGNG.
Performance
EELV vs. CGNG - Performance Comparison
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Returns By Period
In the year-to-date period, EELV achieves a 4.41% return, which is significantly lower than CGNG's 15.31% return.
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
- 1D
- 0.93%
- 1M
- 0.71%
- YTD
- 15.31%
- 6M
- 15.02%
- 1Y
- 30.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EELV vs. CGNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EELV Invesco S&P Emerging Markets Low Volatility ETF | 4.41% | 21.97% | 2.62% |
CGNG Capital Group New Geography Equity ETF | 15.31% | 29.78% | -1.17% |
Correlation
The correlation between EELV and CGNG 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 EELV and CGNG has been stable across timeframes, ranging from 0.71 to 0.72 - a consistent structural relationship.
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Return for Risk
EELV vs. CGNG — Risk / Return Rank
EELV
CGNG
EELV vs. CGNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Emerging Markets Low Volatility ETF (EELV) and Capital Group New Geography Equity ETF (CGNG). 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.
| EELV | CGNG | 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 | 1.21 | 1.29 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 2.24 | -0.67 |
| Martin ratioReturn relative to average drawdown | 4.96 | 9.11 | -4.15 |
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Drawdowns
EELV vs. CGNG - Drawdown Comparison
The maximum EELV drawdown since its inception was -36.35%, which is greater than CGNG's maximum drawdown of -15.90%. Use the drawdown chart below to compare losses from any high point for EELV and CGNG.
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Drawdown Indicators
| EELV | CGNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.35% | -15.90% | -20.45% |
Max Drawdown (1Y)Largest decline over 1 year | -8.22% | -13.75% | +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 | -4.31% | -3.38% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -2.85% | -6.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 3.38% | -0.77% |
Volatility
EELV vs. CGNG - Volatility Comparison
The current volatility for Invesco S&P Emerging Markets Low Volatility ETF (EELV) is 3.35%, while Capital Group New Geography Equity ETF (CGNG) has a volatility of 10.24%. This indicates that EELV experiences smaller price fluctuations and is considered to be less risky than CGNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EELV | CGNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 10.24% | -6.89% |
Volatility (6M)Calculated over the trailing 6-month period | 9.27% | 18.28% | -9.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.01% | 20.19% | -9.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.40% | 19.15% | -7.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.53% | 19.15% | -5.62% |
EELV vs. CGNG - Expense Ratio Comparison
EELV has a 0.30% expense ratio, which is lower than CGNG's 0.64% expense ratio.
Dividends
EELV vs. CGNG - Dividend Comparison
EELV's dividend yield for the trailing twelve months is around 3.94%, more than CGNG's 0.59% 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
EELV and CGNG 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, EELV dropped -36.35% vs CGNG's -15.90%.
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.
EELV is categorized as Volatility Hedged Equity, while CGNG is Emerging Markets Diversified. They also come from different issuers: Invesco and Capital Group. Their fees differ too: 0.30% for EELV and 0.64% for CGNG.
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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