XLG vs. CGGR

Last updated Jun 24, 2026

XLG (Invesco S&P 500 Top 50 ETF) and CGGR (Capital Group Growth ETF) are both exchange-traded funds - XLG is a S&P 500 fund tracking the S&P 500 Top 50 Index, while CGGR is a Large Cap Growth Equities fund actively managed by Capital Group. XLG is passively managed, while CGGR is actively managed. Over the past 3 years, XLG returned 21.35%/yr vs 22.96%/yr for CGGR. Their correlation of 0.93 suggests significant overlap in exposure. XLG charges 0.20%/yr vs 0.39%/yr for CGGR.

Performance

XLG vs. CGGR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Top 50 ETF (XLG) 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, XLG achieves a 1.60% return, which is significantly lower than CGGR's 2.45% return.

XLG

• 1D: -1.88%
• 1M: -5.41%
• YTD: 1.60%
• 6M: 0.73%
• 1Y: 19.95%
• 3Y*: 21.35%
• 5Y*: 14.28%
• 10Y*: 16.94%

CGGR

• 1D: -2.44%
• 1M: -1.09%
• YTD: 2.45%
• 6M: 1.27%
• 1Y: 16.51%
• 3Y*: 22.96%
• 5Y*: —
• 10Y*: —

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

XLG vs. CGGR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XLG Invesco S&P 500 Top 50 ETF	1.60%	19.51%	33.49%	38.16%	-13.69%
CGGR Capital Group Growth ETF	2.45%	19.75%	32.12%	42.18%	-14.68%

Correlation

The correlation between XLG 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	0.91
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.93

The correlation between XLG and CGGR has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

XLG vs. CGGR - Sectors Allocation Comparison

Sectors	XLG	CGGR
Technology	46.8%	38.5%
Communication Services	16.0%	17.3%
Consumer Cyclical	11.2%	13.7%
Financial Services	9.0%	5.5%
Healthcare	7.0%	9.4%
Consumer Defensive	5.2%	2.1%
Energy	2.4%	2.1%
Industrials	1.9%	8.0%
Basic Materials	0.6%	2.3%
Real Estate	-	0.8%
Utilities	-	0.4%

Return for Risk

XLG vs. CGGR — Risk / Return Rank

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

XLG

XLG Risk / Return Rank: 39
XLG Sharpe Ratio Rank: 42
XLG Sortino Ratio Rank: 40
XLG Omega Ratio Rank: 41
XLG Calmar Ratio Rank: 33
XLG Martin Ratio Rank: 38

CGGR

CGGR Risk / Return Rank: 27
CGGR Sharpe Ratio Rank: 27
CGGR Sortino Ratio Rank: 26
CGGR Omega Ratio Rank: 26
CGGR Calmar Ratio Rank: 24
CGGR Martin Ratio Rank: 29

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.

XLG vs. CGGR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Top 50 ETF (XLG) 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.

	XLG	CGGR	Difference
Sharpe ratio: Return per unit of total volatility	1.44	0.95	+0.49
Sortino ratio: Return per unit of downside risk	1.98	1.36	+0.62
Omega ratio: Gain probability vs. loss probability	1.26	1.18	+0.08
Calmar ratio: Return relative to maximum drawdown	1.61	1.10	+0.52
Martin ratio: Return relative to average drawdown	5.77	3.96	+1.82

XLG vs. CGGR - Sharpe Ratio Comparison

The current XLG Sharpe Ratio is 1.44, which is higher than the CGGR Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of XLG 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.

Drawdowns

XLG vs. CGGR - Drawdown Comparison

The maximum XLG drawdown since its inception was -52.39%, which is greater than CGGR's maximum drawdown of -28.90%. Use the drawdown chart below to compare losses from any high point for XLG and CGGR.

Drawdown Indicators

	XLG	CGGR	Difference
Max Drawdown Largest peak-to-trough decline	-52.39%	-28.90%	-23.49%
Max Drawdown (1Y) Largest decline over 1 year	-12.41%	-15.13%	+2.72%
Max Drawdown (3Y) Largest decline over 3 years	-20.70%	-23.37%	+2.67%
Max Drawdown (5Y) Largest decline over 5 years	-28.02%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.46%	—	—
Current Drawdown Current decline from peak	-6.91%	-4.63%	-2.28%
Average Drawdown Average peak-to-trough decline	-7.63%	-7.67%	+0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	4.18%	-0.72%

Volatility

XLG vs. CGGR - Volatility Comparison

The current volatility for Invesco S&P 500 Top 50 ETF (XLG) is 5.04%, while Capital Group Growth ETF (CGGR) has a volatility of 7.67%. This indicates that XLG 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

	XLG	CGGR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	7.67%	-2.63%
Volatility (6M) Calculated over the trailing 6-month period	10.74%	14.06%	-3.32%
Volatility (1Y) Calculated over the trailing 1-year period	13.98%	17.58%	-3.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.79%	22.03%	-3.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.88%	22.03%	-3.15%

XLG vs. CGGR - Expense Ratio Comparison

XLG has a 0.20% expense ratio, which is lower than CGGR's 0.39% expense ratio.

Dividends

XLG vs. CGGR - Dividend Comparison

XLG's dividend yield for the trailing twelve months is around 0.66%, 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%
XLG Invesco S&P 500 Top 50 ETF	0.66%	0.64%	0.72%	0.97%	1.34%	0.94%	1.25%	1.58%	2.00%	1.85%	2.00%	2.09%

Frequently Asked Questions

Can I hold both XLG and CGGR in my portfolio?

With a correlation of 0.90, XLG 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, XLG or CGGR?

CGGR has higher volatility (7.67%) compared to XLG (5.04%). In terms of maximum drawdown, XLG dropped -52.39% vs CGGR's -28.90%.

Which ETF is better, XLG or CGGR?

On 3-year performance, CGGR leads with 22.96% vs 21.35% for XLG. On fees, XLG is cheaper at 0.20% per year. On volatility, XLG has been the lower-risk option at 5.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XLG or CGGR?

Over the 3-year period, CGGR has performed better with a 22.96% return vs 21.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLG or CGGR?

XLG is cheaper with a 0.20% expense ratio, compared with 0.39% for CGGR.

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

XLG has the higher dividend yield at 0.66%, compared with 0.09% for CGGR.

What is the main difference between XLG and CGGR?

XLG is categorized as S&P 500, while CGGR is Large Cap Growth Equities. They also come from different issuers: Invesco and Capital Group. Their fees differ too: 0.20% for XLG and 0.39% for CGGR.

Which has better risk-adjusted returns?

XLG currently has the higher Sharpe Ratio (1.44 vs 0.95), 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.