PGGAX vs. AMCPX
PGGAX (American Funds Global Growth Portfolio Class A) and AMCPX (American Funds AMCAP Fund Class A) are both mutual funds - PGGAX is a Global Equities fund actively managed by American Funds, while AMCPX is a Large Cap Growth Equities fund actively managed by American Funds. Both are actively managed. Over the past 10 years, PGGAX returned 11.77%/yr vs 11.82%/yr for AMCPX. Their correlation of 0.94 means they have usually moved in the same direction. PGGAX charges 0.78%/yr vs 0.64%/yr for AMCPX.
Performance
PGGAX vs. AMCPX - Performance Comparison
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Returns By Period
In the year-to-date period, PGGAX achieves a 8.97% return, which is significantly higher than AMCPX's 2.86% return. Both investments have delivered pretty close results over the past 10 years, with PGGAX having a 11.77% annualized return and AMCPX not far ahead at 11.82%.
PGGAX
- 1D
- 2.61%
- 1M
- -2.38%
- 6M
- 5.36%
- YTD
- 8.97%
- 1Y
- 21.10%
- 3Y*
- 16.92%
- 5Y*
- 7.84%
- 10Y*
- 11.77%
- ALL TIME*
- 11.54%
AMCPX
- 1D
- 1.01%
- 1M
- -2.85%
- 6M
- 2.62%
- YTD
- 2.86%
- 1Y
- 11.19%
- 3Y*
- 15.89%
- 5Y*
- 7.45%
- 10Y*
- 11.82%
- ALL TIME*
- 9.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PGGAX vs. AMCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGGAX American Funds Global Growth Portfolio Class A | 8.97% | 23.05% | 14.85% | 24.09% | -25.77% | 12.98% | 27.38% | 27.93% | -8.97% | 28.63% |
AMCPX American Funds AMCAP Fund Class A | 2.86% | 17.68% | 21.11% | 31.04% | -28.67% | 20.57% | 21.42% | 26.35% | -4.42% | 22.08% |
Correlation
The correlation between PGGAX and AMCPX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since May 21, 2012 | 0.94 |
The correlation between PGGAX and AMCPX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
PGGAX vs. AMCPX — Risk / Return Rank
PGGAX
AMCPX
PGGAX vs. AMCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Global Growth Portfolio Class A (PGGAX) and American Funds AMCAP Fund Class A (AMCPX). 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.
| PGGAX | AMCPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.11 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 0.64 | +1.05 |
| Martin ratioReturn relative to average drawdown | 6.88 | 2.46 | +4.42 |
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Drawdowns
PGGAX vs. AMCPX - Drawdown Comparison
The maximum PGGAX drawdown since its inception was -34.41%, smaller than the maximum AMCPX drawdown of -62.37%. Use the drawdown chart below to compare losses from any high point for PGGAX and AMCPX.
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Drawdown Indicators
| PGGAX | AMCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.41% | -62.37% | +27.96% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -14.18% | +2.88% |
Max Drawdown (3Y)Largest decline over 3 years | -17.99% | -19.71% | +1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -34.41% | -36.90% | +2.49% |
Max Drawdown (10Y)Largest decline over 10 years | -34.41% | -36.90% | +2.49% |
Current DrawdownCurrent decline from peak | -4.05% | -4.02% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -9.56% | +3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 3.67% | -0.90% |
Volatility
PGGAX vs. AMCPX - Volatility Comparison
American Funds Global Growth Portfolio Class A (PGGAX) has a higher volatility of 5.23% compared to American Funds AMCAP Fund Class A (AMCPX) at 3.77%. This indicates that PGGAX's price experiences larger fluctuations and is considered to be riskier than AMCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGGAX | AMCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 3.77% | +1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 13.75% | 12.54% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.20% | 15.72% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.38% | 19.41% | -2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.32% | 18.75% | -1.43% |
PGGAX vs. AMCPX - Expense Ratio Comparison
PGGAX has a 0.78% expense ratio, which is higher than AMCPX's 0.64% expense ratio.
Dividends
PGGAX vs. AMCPX - Dividend Comparison
PGGAX's dividend yield for the trailing twelve months is around 5.14%, less than AMCPX's 12.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMCPX American Funds AMCAP Fund Class A | 12.95% | 8.73% | 8.19% | 3.26% | 7.54% | 3.43% | 3.88% | 4.90% | 7.84% | 5.37% | 3.81% | 8.86% |
PGGAX American Funds Global Growth Portfolio Class A | 5.14% | 5.61% | 4.31% | 0.95% | 7.97% | 3.34% | 0.78% | 4.90% | 5.69% | 6.22% | 3.70% | 3.98% |
Frequently Asked Questions
With a correlation of 0.91, PGGAX and AMCPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PGGAX has higher volatility (5.23%) compared to AMCPX (3.77%). In terms of maximum drawdown, PGGAX dropped -34.41% vs AMCPX's -62.37%.
PGGAX currently has the higher Sharpe Ratio (1.18 vs 0.57), 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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