FPAG vs. CGDG

Last updated Jun 4, 2026

FPAG (FPA Global Equity ETF) and CGDG (Capital Group Dividend Growers ETF) are both Global Equities funds. Both are actively managed. Over the past year, FPAG returned 25.35% vs 15.66% for CGDG. Their correlation of 0.83 suggests significant overlap in exposure. FPAG charges 0.49%/yr vs 0.47%/yr for CGDG.

Performance

FPAG vs. CGDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FPA Global Equity ETF (FPAG) and Capital Group Dividend Growers ETF (CGDG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FPAG achieves a 7.57% return, which is significantly higher than CGDG's 4.98% return.

FPAG

• 1D: -0.60%
• 1M: 4.07%
• YTD: 7.57%
• 6M: 8.13%
• 1Y: 25.35%
• 3Y*: 21.24%
• 5Y*: —
• 10Y*: —

CGDG

• 1D: -0.45%
• 1M: 1.00%
• YTD: 4.98%
• 6M: 5.58%
• 1Y: 15.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FPAG vs. CGDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FPAG FPA Global Equity ETF	7.57%	25.17%	15.64%	11.80%
CGDG Capital Group Dividend Growers ETF	4.98%	22.74%	11.52%	9.54%

Correlation

The correlation between FPAG and CGDG is 0.80, 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	0.80
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023	0.83

The correlation between FPAG and CGDG has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.

FPAG vs. CGDG - Sectors Allocation Comparison

Sectors	FPAG	CGDG
Communication Services	17.8%	3.2%
Basic Materials	14.6%	5.0%
Technology	12.9%	14.1%
Industrials	12.2%	11.4%
Healthcare	12.0%	8.8%
Consumer Cyclical	10.6%	7.8%
Financial Services	9.5%	20.0%
Consumer Defensive	8.9%	10.1%
Energy	1.4%	7.8%
Utilities	0.2%	8.7%
Real Estate	0.0%	3.2%

Return for Risk

FPAG vs. CGDG — Risk / Return Rank

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

FPAG

FPAG Risk / Return Rank: 48
FPAG Sharpe Ratio Rank: 50
FPAG Sortino Ratio Rank: 51
FPAG Omega Ratio Rank: 49
FPAG Calmar Ratio Rank: 42
FPAG Martin Ratio Rank: 47

CGDG

CGDG Risk / Return Rank: 42
CGDG Sharpe Ratio Rank: 41
CGDG Sortino Ratio Rank: 40
CGDG Omega Ratio Rank: 39
CGDG Calmar Ratio Rank: 41
CGDG Martin Ratio Rank: 47

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.

FPAG vs. CGDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FPA Global Equity ETF (FPAG) and Capital Group Dividend Growers ETF (CGDG). 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.

	FPAG	CGDG	Difference
Sharpe ratio: Return per unit of total volatility	1.74	1.48	+0.26
Sortino ratio: Return per unit of downside risk	2.51	2.08	+0.43
Omega ratio: Gain probability vs. loss probability	1.31	1.26	+0.05
Calmar ratio: Return relative to maximum drawdown	2.10	2.04	+0.06
Martin ratio: Return relative to average drawdown	7.94	7.88	+0.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FPAG vs. CGDG - Sharpe Ratio Comparison

The current FPAG Sharpe Ratio is 1.74, which is comparable to the CGDG Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of FPAG and CGDG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FPAG	CGDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	1.48	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	1.53	-0.87

Drawdowns

FPAG vs. CGDG - Drawdown Comparison

The maximum FPAG drawdown since its inception was -28.43%, which is greater than CGDG's maximum drawdown of -10.52%. Use the drawdown chart below to compare losses from any high point for FPAG and CGDG.

Drawdown Indicators

	FPAG	CGDG	Difference
Max Drawdown Largest peak-to-trough decline	-28.43%	-10.52%	-17.91%
Max Drawdown (1Y) Largest decline over 1 year	-12.14%	-7.72%	-4.42%
Max Drawdown (3Y) Largest decline over 3 years	-18.06%	—	—
Current Drawdown Current decline from peak	-0.60%	-1.41%	+0.81%
Average Drawdown Average peak-to-trough decline	-6.37%	-1.32%	-5.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	1.99%	+1.21%

Volatility

FPAG vs. CGDG - Volatility Comparison

FPA Global Equity ETF (FPAG) has a higher volatility of 4.16% compared to Capital Group Dividend Growers ETF (CGDG) at 3.24%. This indicates that FPAG's price experiences larger fluctuations and is considered to be riskier than CGDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FPAG	CGDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	3.24%	+0.92%
Volatility (6M) Calculated over the trailing 6-month period	11.38%	8.28%	+3.10%
Volatility (1Y) Calculated over the trailing 1-year period	14.64%	10.63%	+4.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.39%	12.16%	+7.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.39%	12.16%	+7.23%

FPAG vs. CGDG - Expense Ratio Comparison

FPAG has a 0.49% expense ratio, which is higher than CGDG's 0.47% expense ratio.

Dividends

FPAG vs. CGDG - Dividend Comparison

FPAG's dividend yield for the trailing twelve months is around 1.41%, less than CGDG's 1.88% yield.

Position	TTM	2025	2024	2023	2022
CGDG Capital Group Dividend Growers ETF	1.88%	1.95%	2.15%	0.39%	0.00%
FPAG FPA Global Equity ETF	1.41%	1.99%	1.42%	1.51%	1.22%

Frequently Asked Questions

Can I hold both FPAG and CGDG in my portfolio?

FPAG and CGDG have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FPAG or CGDG?

FPAG has higher volatility (4.16%) compared to CGDG (3.24%). In terms of maximum drawdown, FPAG dropped -28.43% vs CGDG's -10.52%.

Which ETF is better, FPAG or CGDG?

On 1-year performance, FPAG leads with 25.35% vs 15.66% for CGDG. On fees, CGDG is cheaper at 0.47% per year. On volatility, CGDG has been the lower-risk option at 3.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FPAG or CGDG?

Over the 1-year period, FPAG has performed better with a 25.35% return vs 15.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FPAG or CGDG?

CGDG is cheaper with a 0.47% expense ratio, compared with 0.49% for FPAG.

Which ETF pays a higher dividend yield, FPAG or CGDG?

CGDG has the higher dividend yield at 1.88%, compared with 1.41% for FPAG.

What is the main difference between FPAG and CGDG?

They also come from different issuers: FPA and Capital Group. Their fees differ too: 0.49% for FPAG and 0.47% for CGDG.

Which has better risk-adjusted returns?

FPAG currently has the higher Sharpe Ratio (1.74 vs 1.48), 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.