MMYT vs. CGGR
MMYT (MakeMyTrip Limited) is a stock, while CGGR (Capital Group Growth ETF) is Large Cap Growth Equities fund actively managed by Capital Group. Over the past 3 years, MMYT returned 19.44%/yr vs 23.98%/yr for CGGR. At a 0.48 correlation, their price movements are largely independent.
Performance
MMYT vs. CGGR - Performance Comparison
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Returns By Period
In the year-to-date period, MMYT achieves a -43.87% return, which is significantly lower than CGGR's 5.01% return.
MMYT
- 1D
- -1.35%
- 1M
- 7.81%
- YTD
- -43.87%
- 6M
- -46.58%
- 1Y
- -49.71%
- 3Y*
- 19.44%
- 5Y*
- 7.58%
- 10Y*
- 12.44%
CGGR
- 1D
- -0.55%
- 1M
- 1.39%
- YTD
- 5.01%
- 6M
- 4.06%
- 1Y
- 20.91%
- 3Y*
- 23.98%
- 5Y*
- —
- 10Y*
- —
MMYT vs. CGGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MMYT MakeMyTrip Limited | -43.87% | -26.86% | 139.00% | 70.40% | 8.89% |
CGGR Capital Group Growth ETF | 5.01% | 19.75% | 32.12% | 42.18% | -14.68% |
Correlation
The correlation between MMYT and CGGR is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022 | 0.48 |
The correlation between MMYT and CGGR shifts across timeframes, from 0.33 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MMYT vs. CGGR — Risk / Return Rank
MMYT
CGGR
MMYT vs. CGGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MakeMyTrip Limited (MMYT) and Capital Group Growth ETF (CGGR). 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.
| MMYT | CGGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -3.17 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.22 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 1.39 | -2.16 |
| Martin ratioReturn relative to average drawdown | -1.36 | 5.02 | -6.38 |
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Drawdowns
MMYT vs. CGGR - Drawdown Comparison
The maximum MMYT drawdown since its inception was -73.45%, which is greater than CGGR's maximum drawdown of -28.90%. Use the drawdown chart below to compare losses from any high point for MMYT and CGGR.
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Drawdown Indicators
| MMYT | CGGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.45% | -28.90% | -44.55% |
Max Drawdown (1Y)Largest decline over 1 year | -64.83% | -15.13% | -49.70% |
Max Drawdown (3Y)Largest decline over 3 years | -69.87% | -23.37% | -46.50% |
Max Drawdown (5Y)Largest decline over 5 years | -69.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -73.45% | — | — |
Current DrawdownCurrent decline from peak | -61.74% | -2.24% | -59.50% |
Average DrawdownAverage peak-to-trough decline | -36.42% | -7.67% | -28.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.69% | 4.17% | +32.52% |
Volatility
MMYT vs. CGGR - Volatility Comparison
MakeMyTrip Limited (MMYT) has a higher volatility of 16.32% compared to Capital Group Growth ETF (CGGR) at 7.24%. This indicates that MMYT's price experiences larger fluctuations and is considered to be riskier than CGGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMYT | CGGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.32% | 7.24% | +9.08% |
Volatility (6M)Calculated over the trailing 6-month period | 42.44% | 13.90% | +28.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.65% | 17.43% | +32.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.31% | 22.00% | +27.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.49% | 22.00% | +31.49% |
Dividends
MMYT vs. CGGR - Dividend Comparison
MMYT has not paid dividends to shareholders, while CGGR's dividend yield for the trailing twelve months is around 0.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CGGR Capital Group Growth ETF | 0.09% | 0.10% | 0.33% | 0.40% | 0.33% |
MMYT MakeMyTrip Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MMYT and CGGR have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MMYT has higher volatility (16.32%) compared to CGGR (7.24%). In terms of maximum drawdown, MMYT dropped -73.45% vs CGGR's -28.90%.
CGGR currently has the higher Sharpe Ratio (1.21 vs -1.01), 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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