SPGM vs. CGGR

Last updated Jun 10, 2026

SPGM (SPDR Portfolio MSCI Global Stock Market ETF) and CGGR (Capital Group Growth ETF) are both exchange-traded funds - SPGM is a Global Equities fund tracking the MSCI AC World IMI, while CGGR is a Large Cap Growth Equities fund actively managed by Capital Group. SPGM is passively managed, while CGGR is actively managed. Over the past 3 years, SPGM returned 20.31%/yr vs 23.98%/yr for CGGR. Their correlation of 0.92 suggests significant overlap in exposure. SPGM charges 0.09%/yr vs 0.39%/yr for CGGR.

Performance

SPGM vs. CGGR - 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 Growth ETF (CGGR). 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 CGGR's 2.70% 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%

CGGR

• 1D: -0.22%
• 1M: -1.25%
• YTD: 2.70%
• 6M: 2.82%
• 1Y: 17.24%
• 3Y*: 23.98%
• 5Y*: —
• 10Y*: —

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

SPGM vs. CGGR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SPGM SPDR Portfolio MSCI Global Stock Market ETF	10.39%	23.62%	16.75%	21.34%	-9.58%
CGGR Capital Group Growth ETF	2.70%	19.75%	32.12%	42.18%	-14.68%

Correlation

The correlation between SPGM and CGGR is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.92

The correlation between SPGM and CGGR has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

SPGM vs. CGGR - Sectors Allocation Comparison

Sectors	SPGM	CGGR
Technology	27.4%	38.1%
Financial Services	16.4%	5.1%
Industrials	13.1%	7.5%
Consumer Cyclical	9.2%	13.1%
Communication Services	8.5%	16.9%
Healthcare	8.2%	9.3%
Consumer Defensive	4.8%	2.1%
Energy	4.5%	2.1%
Basic Materials	3.9%	2.3%
Utilities	2.2%	0.8%
Real Estate	1.9%	0.8%

Return for Risk

SPGM vs. CGGR — 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

CGGR

CGGR Risk / Return Rank: 30
CGGR Sharpe Ratio Rank: 32
CGGR Sortino Ratio Rank: 30
CGGR Omega Ratio Rank: 32
CGGR Calmar Ratio Rank: 26
CGGR Martin Ratio Rank: 32

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. CGGR - 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 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.

	SPGM	CGGR	Difference
Sharpe ratio: Return per unit of total volatility	2.09	1.03	+1.06
Sortino ratio: Return per unit of downside risk	2.83	1.46	+1.37
Omega ratio: Gain probability vs. loss probability	1.38	1.19	+0.19
Calmar ratio: Return relative to maximum drawdown	2.92	1.14	+1.78
Martin ratio: Return relative to average drawdown	13.03	4.19	+8.84
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. CGGR - Sharpe Ratio Comparison

The current SPGM Sharpe Ratio is 2.09, which is higher than the CGGR Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of SPGM and CGGR, 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	CGGR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	1.03	+1.06
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	0.79	-0.14

Drawdowns

SPGM vs. CGGR - Drawdown Comparison

The maximum SPGM drawdown since its inception was -33.97%, which is greater than CGGR's maximum drawdown of -28.90%. Use the drawdown chart below to compare losses from any high point for SPGM and CGGR.

Drawdown Indicators

	SPGM	CGGR	Difference
Max Drawdown Largest peak-to-trough decline	-33.97%	-28.90%	-5.07%
Max Drawdown (1Y) Largest decline over 1 year	-9.50%	-15.13%	+5.63%
Max Drawdown (3Y) Largest decline over 3 years	-16.90%	-23.37%	+6.47%
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%	-4.40%	+1.35%
Average Drawdown Average peak-to-trough decline	-4.80%	-7.70%	+2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	4.13%	-2.00%

Volatility

SPGM vs. CGGR - Volatility Comparison

The current volatility for SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is 4.52%, while Capital Group Growth ETF (CGGR) has a volatility of 5.81%. This indicates that SPGM experiences smaller price fluctuations and is considered to be less risky than CGGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPGM	CGGR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	5.81%	-1.29%
Volatility (6M) Calculated over the trailing 6-month period	10.85%	13.13%	-2.28%
Volatility (1Y) Calculated over the trailing 1-year period	13.26%	16.75%	-3.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.09%	21.95%	-5.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.59%	21.95%	-4.36%

SPGM vs. CGGR - Expense Ratio Comparison

SPGM has a 0.09% expense ratio, which is lower than CGGR's 0.39% expense ratio.

Dividends

SPGM vs. CGGR - Dividend Comparison

SPGM's dividend yield for the trailing twelve months is around 1.83%, more than CGGR's 0.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGGR Capital Group Growth ETF	0.09%	0.10%	0.33%	0.40%	0.33%	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 CGGR in my portfolio?

With a correlation of 0.90, SPGM and CGGR 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.

Which is riskier, SPGM or CGGR?

CGGR has higher volatility (5.81%) compared to SPGM (4.52%). In terms of maximum drawdown, SPGM dropped -33.97% vs CGGR's -28.90%.

Which ETF is better, SPGM or CGGR?

On 3-year performance, CGGR leads with 23.98% vs 20.31% for SPGM. On fees, SPGM is cheaper at 0.09% per year. On volatility, SPGM has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPGM or CGGR?

Over the 3-year period, CGGR has performed better with a 23.98% return vs 20.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPGM or CGGR?

SPGM is cheaper with a 0.09% expense ratio, compared with 0.39% for CGGR.

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

SPGM has the higher dividend yield at 1.83%, compared with 0.09% for CGGR.

What is the main difference between SPGM and CGGR?

SPGM is categorized as Global Equities, while CGGR is Large Cap Growth Equities. They also come from different issuers: State Street and Capital Group. Their fees differ too: 0.09% for SPGM and 0.39% for CGGR.

Which has better risk-adjusted returns?

SPGM currently has the higher Sharpe Ratio (2.09 vs 1.03), 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.