VHGEX vs. CGGO

Last updated Jun 5, 2026

VHGEX (Vanguard Global Equity Fund) and CGGO (Capital Group Global Growth Equity ETF) are both Global Equities funds. Over the past 3 years, VHGEX returned 16.92%/yr vs 21.74%/yr for CGGO. Their correlation of 0.94 suggests significant overlap in exposure. VHGEX charges 0.45%/yr vs 0.47%/yr for CGGO.

Performance

VHGEX vs. CGGO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Global Equity Fund (VHGEX) and Capital Group Global Growth Equity ETF (CGGO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VHGEX achieves a 6.55% return, which is significantly lower than CGGO's 18.82% return.

VHGEX

• 1D: -1.14%
• 1M: 2.61%
• YTD: 6.55%
• 6M: 7.47%
• 1Y: 21.24%
• 3Y*: 16.92%
• 5Y*: 7.19%
• 10Y*: 11.73%

CGGO

• 1D: -0.46%
• 1M: 7.52%
• YTD: 18.82%
• 6M: 20.00%
• 1Y: 36.09%
• 3Y*: 21.74%
• 5Y*: —
• 10Y*: —

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

VHGEX vs. CGGO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VHGEX Vanguard Global Equity Fund	6.55%	21.22%	13.41%	23.52%	-12.43%
CGGO Capital Group Global Growth Equity ETF	18.82%	21.08%	14.80%	23.43%	-13.12%

Correlation

The correlation between VHGEX and CGGO is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Feb 25, 2022	0.94

The correlation between VHGEX and CGGO has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

VHGEX vs. CGGO - Sectors Allocation Comparison

Sectors	VHGEX	CGGO
Technology	30.0%	37.3%
Consumer Cyclical	14.0%	10.2%
Financial Services	13.4%	10.7%
Healthcare	11.6%	5.4%
Communication Services	8.3%	8.1%
Industrials	8.0%	14.0%
Basic Materials	4.6%	4.4%
Consumer Defensive	4.5%	4.8%
Energy	3.2%	1.4%
Real Estate	1.9%	-
Utilities	0.5%	1.3%

Return for Risk

VHGEX vs. CGGO — Risk / Return Rank

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

VHGEX

VHGEX Risk / Return Rank: 27
VHGEX Sharpe Ratio Rank: 28
VHGEX Sortino Ratio Rank: 26
VHGEX Omega Ratio Rank: 26
VHGEX Calmar Ratio Rank: 25
VHGEX Martin Ratio Rank: 31

CGGO

CGGO Risk / Return Rank: 65
CGGO Sharpe Ratio Rank: 66
CGGO Sortino Ratio Rank: 65
CGGO Omega Ratio Rank: 66
CGGO Calmar Ratio Rank: 57
CGGO Martin Ratio Rank: 68

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.

VHGEX vs. CGGO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Equity Fund (VHGEX) and Capital Group Global Growth Equity ETF (CGGO). 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.

	VHGEX	CGGO	Difference
Sharpe ratio: Return per unit of total volatility	1.52	2.16	-0.64
Sortino ratio: Return per unit of downside risk	2.14	2.98	-0.83
Omega ratio: Gain probability vs. loss probability	1.27	1.39	-0.12
Calmar ratio: Return relative to maximum drawdown	1.85	2.76	-0.90
Martin ratio: Return relative to average drawdown	7.14	12.54	-5.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VHGEX vs. CGGO - Sharpe Ratio Comparison

The current VHGEX Sharpe Ratio is 1.52, which is comparable to the CGGO Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of VHGEX and CGGO, 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

	VHGEX	CGGO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	2.16	-0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.78	-0.25

Drawdowns

VHGEX vs. CGGO - Drawdown Comparison

The maximum VHGEX drawdown since its inception was -64.81%, which is greater than CGGO's maximum drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for VHGEX and CGGO.

Drawdown Indicators

	VHGEX	CGGO	Difference
Max Drawdown Largest peak-to-trough decline	-64.81%	-24.90%	-39.91%
Max Drawdown (1Y) Largest decline over 1 year	-11.92%	-13.15%	+1.23%
Max Drawdown (3Y) Largest decline over 3 years	-19.21%	-17.93%	-1.28%
Max Drawdown (5Y) Largest decline over 5 years	-33.02%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.23%	—	—
Current Drawdown Current decline from peak	-1.16%	-1.27%	+0.11%
Average Drawdown Average peak-to-trough decline	-9.95%	-5.49%	-4.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	2.89%	+0.20%

Volatility

VHGEX vs. CGGO - Volatility Comparison

The current volatility for Vanguard Global Equity Fund (VHGEX) is 3.63%, while Capital Group Global Growth Equity ETF (CGGO) has a volatility of 6.59%. This indicates that VHGEX experiences smaller price fluctuations and is considered to be less risky than CGGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VHGEX	CGGO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	6.59%	-2.96%
Volatility (6M) Calculated over the trailing 6-month period	11.16%	14.41%	-3.25%
Volatility (1Y) Calculated over the trailing 1-year period	14.52%	16.78%	-2.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.28%	18.55%	-0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.04%	18.55%	-0.51%

VHGEX vs. CGGO - Expense Ratio Comparison

VHGEX has a 0.45% expense ratio, which is lower than CGGO's 0.47% expense ratio.

Dividends

VHGEX vs. CGGO - Dividend Comparison

VHGEX's dividend yield for the trailing twelve months is around 11.62%, more than CGGO's 1.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGGO Capital Group Global Growth Equity ETF	1.70%	2.03%	1.10%	0.76%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VHGEX Vanguard Global Equity Fund	11.62%	12.38%	4.24%	1.15%	11.32%	10.90%	2.88%	6.20%	8.45%	1.29%	1.51%	1.71%

Frequently Asked Questions

Can I hold both VHGEX and CGGO in my portfolio?

With a correlation of 0.93, VHGEX and CGGO 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, VHGEX or CGGO?

CGGO has higher volatility (6.59%) compared to VHGEX (3.63%). In terms of maximum drawdown, VHGEX dropped -64.81% vs CGGO's -24.90%.

Which has better risk-adjusted returns?

CGGO currently has the higher Sharpe Ratio (2.16 vs 1.52), 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.