MAW120.TO vs. CGGE

Last updated Jun 4, 2026

MAW120.TO (Mawer Global Equity Fund A) and CGGE (Capital Group Global Equity ETF) are both Global Equities funds. Over the past year, MAW120.TO returned 5.62% vs 23.93% for CGGE. A 0.65 correlation means they provide meaningful diversification when combined. MAW120.TO charges 1.29%/yr vs 0.47%/yr for CGGE.

Performance

MAW120.TO vs. CGGE - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Mawer Global Equity Fund A (MAW120.TO) and Capital Group Global Equity ETF (CGGE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MAW120.TO is traded in CAD, while CGGE is traded in USD. To make them comparable, the CGGE values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MAW120.TO achieves a 7.49% return, which is significantly lower than CGGE's 10.46% return.

MAW120.TO

• 1D: 0.47%
• 1M: 5.12%
• YTD: 7.49%
• 6M: 2.74%
• 1Y: 5.62%
• 3Y*: 6.07%
• 5Y*: 5.52%
• 10Y*: —

CGGE

• 1D: -0.25%
• 1M: 5.87%
• YTD: 10.46%
• 6M: 9.65%
• 1Y: 23.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAW120.TO vs. CGGE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MAW120.TO Mawer Global Equity Fund A	7.49%	-5.87%	3.33%
CGGE Capital Group Global Equity ETF	10.46%	18.79%	7.38%

Correlation

The correlation between MAW120.TO and CGGE is 0.54, 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	0.54
Correlation (All Time) Calculated using the full available price history since Jun 28, 2024	0.65

The correlation between MAW120.TO and CGGE shifts across timeframes, from 0.54 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MAW120.TO vs. CGGE — Risk / Return Rank

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

MAW120.TO

MAW120.TO Risk / Return Rank: 5
MAW120.TO Sharpe Ratio Rank: 6
MAW120.TO Sortino Ratio Rank: 5
MAW120.TO Omega Ratio Rank: 6
MAW120.TO Calmar Ratio Rank: 5
MAW120.TO Martin Ratio Rank: 5

CGGE

CGGE Risk / Return Rank: 47
CGGE Sharpe Ratio Rank: 47
CGGE Sortino Ratio Rank: 47
CGGE Omega Ratio Rank: 46
CGGE Calmar Ratio Rank: 42
CGGE Martin Ratio Rank: 55

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.

MAW120.TO vs. CGGE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mawer Global Equity Fund A (MAW120.TO) and Capital Group Global Equity ETF (CGGE). 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.

	MAW120.TO	CGGE	Difference
Sharpe ratio: Return per unit of total volatility	0.46	1.80	-1.35
Sortino ratio: Return per unit of downside risk	0.66	2.60	-1.93
Omega ratio: Gain probability vs. loss probability	1.09	1.33	-0.24
Calmar ratio: Return relative to maximum drawdown	0.40	2.44	-2.04
Martin ratio: Return relative to average drawdown	1.14	9.79	-8.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAW120.TO vs. CGGE - Sharpe Ratio Comparison

The current MAW120.TO Sharpe Ratio is 0.46, which is lower than the CGGE Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of MAW120.TO and CGGE, 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

	MAW120.TO	CGGE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	1.80	-1.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	1.33	-0.71

Drawdowns

MAW120.TO vs. CGGE - Drawdown Comparison

The maximum MAW120.TO drawdown since its inception was -25.02%, which is greater than CGGE's maximum drawdown of -14.48%. Use the drawdown chart below to compare losses from any high point for MAW120.TO and CGGE.

Drawdown Indicators

	MAW120.TO	CGGE	Difference
Max Drawdown Largest peak-to-trough decline	-25.02%	-14.48%	-10.54%
Max Drawdown (1Y) Largest decline over 1 year	-11.91%	-9.81%	-2.10%
Max Drawdown (3Y) Largest decline over 3 years	-15.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.92%	—	—
Current Drawdown Current decline from peak	-3.07%	-0.25%	-2.82%
Average Drawdown Average peak-to-trough decline	-4.50%	-1.75%	-2.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.17%	2.44%	+1.73%

Volatility

MAW120.TO vs. CGGE - Volatility Comparison

The current volatility for Mawer Global Equity Fund A (MAW120.TO) is 2.41%, while Capital Group Global Equity ETF (CGGE) has a volatility of 4.12%. This indicates that MAW120.TO experiences smaller price fluctuations and is considered to be less risky than CGGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAW120.TO	CGGE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.41%	4.12%	-1.71%
Volatility (6M) Calculated over the trailing 6-month period	8.66%	11.12%	-2.46%
Volatility (1Y) Calculated over the trailing 1-year period	10.45%	13.28%	-2.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.53%	14.68%	-3.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.98%	14.68%	-1.70%

MAW120.TO vs. CGGE - Expense Ratio Comparison

MAW120.TO has a 1.29% expense ratio, which is higher than CGGE's 0.47% expense ratio.

Dividends

MAW120.TO vs. CGGE - Dividend Comparison

MAW120.TO has not paid dividends to shareholders, while CGGE's dividend yield for the trailing twelve months is around 0.37%.

Position	TTM	2025	2024
CGGE Capital Group Global Equity ETF	0.37%	0.40%	0.35%
MAW120.TO Mawer Global Equity Fund A	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MAW120.TO and CGGE in my portfolio?

MAW120.TO and CGGE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.