SPGM vs. CGDG

Last updated Jun 10, 2026

SPGM (SPDR Portfolio MSCI Global Stock Market ETF) and CGDG (Capital Group Dividend Growers ETF) are both Global Equities funds. SPGM is passively managed, while CGDG is actively managed. Over the past year, SPGM returned 27.63% vs 14.88% for CGDG. Their correlation of 0.87 suggests significant overlap in exposure. SPGM charges 0.09%/yr vs 0.47%/yr for CGDG.

Performance

SPGM vs. CGDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio MSCI Global Stock Market ETF (SPGM) 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, SPGM achieves a 10.39% return, which is significantly higher than CGDG's 4.84% return.

SPGM

• 1D: -0.15%
• 1M: -0.20%
• YTD: 10.39%
• 6M: 11.12%
• 1Y: 27.63%
• 3Y*: 20.31%
• 5Y*: 10.91%
• 10Y*: 12.85%

CGDG

• 1D: 0.76%
• 1M: 0.38%
• YTD: 4.84%
• 6M: 6.28%
• 1Y: 14.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPGM vs. CGDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPGM SPDR Portfolio MSCI Global Stock Market ETF	10.39%	23.62%	16.75%	11.61%
CGDG Capital Group Dividend Growers ETF	4.84%	22.74%	11.52%	10.17%

Correlation

The correlation between SPGM and CGDG is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023	0.87

The correlation between SPGM and CGDG has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.

SPGM vs. CGDG - Sectors Allocation Comparison

Sectors	SPGM	CGDG
Technology	27.4%	14.1%
Financial Services	16.4%	20.0%
Industrials	13.1%	11.4%
Consumer Cyclical	9.2%	7.8%
Communication Services	8.5%	3.2%
Healthcare	8.2%	8.8%
Consumer Defensive	4.8%	10.1%
Energy	4.5%	7.8%
Basic Materials	3.9%	5.0%
Utilities	2.2%	8.7%
Real Estate	1.9%	3.2%

Return for Risk

SPGM vs. CGDG — Risk / Return Rank

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

SPGM

SPGM Risk / Return Rank: 72
SPGM Sharpe Ratio Rank: 73
SPGM Sortino Ratio Rank: 71
SPGM Omega Ratio Rank: 73
SPGM Calmar Ratio Rank: 66
SPGM Martin Ratio Rank: 77

CGDG

CGDG Risk / Return Rank: 45
CGDG Sharpe Ratio Rank: 45
CGDG Sortino Ratio Rank: 43
CGDG Omega Ratio Rank: 42
CGDG Calmar Ratio Rank: 43
CGDG Martin Ratio Rank: 49

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.

SPGM vs. CGDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio MSCI Global Stock Market ETF (SPGM) 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.

	SPGM	CGDG	Difference
Sharpe ratio: Return per unit of total volatility	2.09	1.39	+0.70
Sortino ratio: Return per unit of downside risk	2.83	1.96	+0.87
Omega ratio: Gain probability vs. loss probability	1.38	1.24	+0.14
Calmar ratio: Return relative to maximum drawdown	2.92	1.94	+0.99
Martin ratio: Return relative to average drawdown	13.03	7.44	+5.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPGM vs. CGDG - Sharpe Ratio Comparison

The current SPGM Sharpe Ratio is 2.09, which is higher than the CGDG Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of SPGM 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

	SPGM	CGDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	1.39	+0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	1.53	-0.89

Drawdowns

SPGM vs. CGDG - Drawdown Comparison

The maximum SPGM drawdown since its inception was -33.97%, which is greater than CGDG's maximum drawdown of -10.52%. Use the drawdown chart below to compare losses from any high point for SPGM and CGDG.

Drawdown Indicators

	SPGM	CGDG	Difference
Max Drawdown Largest peak-to-trough decline	-33.97%	-10.52%	-23.45%
Max Drawdown (1Y) Largest decline over 1 year	-9.50%	-7.72%	-1.78%
Max Drawdown (3Y) Largest decline over 3 years	-16.90%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.93%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.97%	—	—
Current Drawdown Current decline from peak	-3.05%	-1.54%	-1.51%
Average Drawdown Average peak-to-trough decline	-4.80%	-1.32%	-3.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	2.01%	+0.12%

Volatility

SPGM vs. CGDG - Volatility Comparison

SPDR Portfolio MSCI Global Stock Market ETF (SPGM) has a higher volatility of 4.52% compared to Capital Group Dividend Growers ETF (CGDG) at 2.92%. This indicates that SPGM'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

	SPGM	CGDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	2.92%	+1.60%
Volatility (6M) Calculated over the trailing 6-month period	10.85%	8.38%	+2.47%
Volatility (1Y) Calculated over the trailing 1-year period	13.26%	10.73%	+2.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.09%	12.16%	+3.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.59%	12.16%	+5.43%

SPGM vs. CGDG - Expense Ratio Comparison

SPGM has a 0.09% expense ratio, which is lower than CGDG's 0.47% expense ratio.

Dividends

SPGM vs. CGDG - Dividend Comparison

SPGM's dividend yield for the trailing twelve months is around 1.83%, less than CGDG's 1.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGDG Capital Group Dividend Growers ETF	1.88%	1.95%	2.15%	0.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPGM SPDR Portfolio MSCI Global Stock Market ETF	1.83%	1.89%	1.98%	2.09%	2.37%	1.94%	1.45%	2.46%	1.89%	2.29%	1.87%	3.70%

Frequently Asked Questions

Can I hold both SPGM and CGDG in my portfolio?

SPGM and CGDG have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPGM or CGDG?

SPGM has higher volatility (4.52%) compared to CGDG (2.92%). In terms of maximum drawdown, SPGM dropped -33.97% vs CGDG's -10.52%.

Which ETF is better, SPGM or CGDG?

On 1-year performance, SPGM leads with 27.63% vs 14.88% for CGDG. On fees, SPGM is cheaper at 0.09% per year. On volatility, CGDG has been the lower-risk option at 2.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPGM or CGDG?

Over the 1-year period, SPGM has performed better with a 27.63% return vs 14.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPGM or CGDG?

SPGM is cheaper with a 0.09% expense ratio, compared with 0.47% for CGDG.

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

CGDG has the higher dividend yield at 1.88%, compared with 1.83% for SPGM.

What is the main difference between SPGM and CGDG?

They also come from different issuers: State Street and Capital Group. Their fees differ too: 0.09% for SPGM and 0.47% for CGDG.

Which has better risk-adjusted returns?

SPGM currently has the higher Sharpe Ratio (2.09 vs 1.39), 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.